Furthermore, Washington H Soul Pattinson has agreed to acquire 8.7 million outstanding common shares of NexGen from Queen’s Road to partially finance Queen’s Road’s purchase.

Rook I represents a proposed uranium mine and mill development, the largest in Canada’s development phase. It is located in the uranium-rich district of the southwestern area of the Athabasca Basin near Patterson Lake in Saskatchewan.

Leigh Curyer, CEO of NexGen, confirmed that the permitted pre-construction site work was already in advanced stages.

NexGen has recently concluded a technical review of the provincial environmental assessment and has submitted a final provincial environmental impact statement to the Saskatchewan Ministry of Environment for the project.