NexGen Expands High-Grade Uranium Zone 17% to 644m, Adds Fifth Drill Rig
NXE sits 66% above its 52-week low of $6.67.
Summary
NexGen reported its best drill results to date at Patterson Corridor East, expanding the high-grade subdomain's vertical extent by 94 meters to 644 meters—a 17% increase. Hole RK-26-290c1 intersected 19.5 meters of >10,000 cps including 5.2 meters of >61,000 cps, ranking as the best hole at PCE since discovery. RK-26-294 confirmed strong internal continuity with 6.9 meters of >10,000 cps including 3.1 meters of >61,000 cps. The company is adding a fifth drill rig to accelerate the 2026 program, with mineralization still open in most directions. This follows the Q2 2026 results and ongoing Rook I construction, reinforcing the growth profile of the asset.
At the time of this announcement, NXE was trading at $11.06 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7.3B. The 52-week trading range was $6.67 to $13.96. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: TMX Newsfile.