NexGen Energy Ltd(NYSE:NXE) 
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. Its principal asset is the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares locat...
Website: http://www.nexgenenergy.ca
Founded: 2011
Full Time Employees: 42
Sector: Energy
Industry: Uranium
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
- Early-Stage Uranium Developer with Key Asset in Canada: NexGen Energy is primarily an exploration/development-stage uranium company, best known for its flagship Rook I project in Saskatchewan’s Athabasca Basin.
- Value Tied to Project Permitting, Financing, and Development Milestones: As a pre-production company, investor focus typically centers on regulatory approvals, project timelines, capital requirements, and progress toward construction readiness.
- High Sensitivity to Uranium Price and Nuclear Fuel Cycle Sentiment: The company’s valuation often moves with uranium spot/term price expectations, utility contracting activity, and broader nuclear energy sentiment.
- Funding and Dilution Risk Common for Pre-Revenue Developers: With limited operating cash flow, NexGen generally depends on cash reserves and external funding; future project financing decisions can materially affect dilution and leverage.
- Project Concentration Increases Execution and Single-Asset Risk: A large portion of the investment thesis is concentrated in successful advancement of Rook I, making execution, cost control, and schedule adherence especially important.
Bull Thesis:
- World-Class, High-Grade Arrow Deposit: NexGen's Arrow deposit is recognized as one of the largest and highest-grade undeveloped uranium deposits globally. Its exceptional grade is expected to translate into industry-leading low operating costs, providing significant economic resilience and competitive advantage once in production.
- Robust Uranium Market Fundamentals: The global uranium market is experiencing a strong bull cycle driven by increasing demand for nuclear power as a clean, reliable energy source for decarbonization and energy security. Projected supply deficits are expected to keep prices elevated, significantly enhancing the project's profitability and financing prospects.
- Advanced Permitting & De-risking: NexGen has made substantial progress on the permitting front, including provincial environmental assessment approval and advanced stages of federal environmental assessment. This de-risks the project significantly, moving it closer to a Final Investment Decision (FID) and construction, reducing uncertainty for investors.
- Strong Financial Position & Funding Potential: The company maintains a healthy cash balance and has demonstrated access to capital markets. Given the quality of the asset and the positive market outlook, NexGen is well-positioned to secure the necessary project financing through a combination of debt, equity, and potential strategic partnerships or off-take agreements.
Bear Thesis:
- Substantial Capital Expenditure & Financing Risk: Developing a project of the Rook I scale requires billions in capital expenditure. While NexGen has a strong balance sheet, securing the full project financing without significant shareholder dilution or under potentially unfavorable terms remains a key challenge and risk.
- Permitting & Regulatory Delays: Despite significant progress, large-scale mining projects are inherently complex and subject to potential delays in final regulatory approvals, unforeseen environmental hurdles, or opposition from various stakeholders, which could push back the production timeline and increase costs.
- Uranium Price Volatility: While the current uranium market is strong, the commodity has historically been subject to significant price volatility. A sustained downturn in uranium prices, driven by geopolitical events, changes in energy policy, or oversupply, could severely impact the project's economics and profitability.
- Construction & Execution Risk: The transition from development to construction and then to full-scale operation carries inherent risks. These include potential cost overruns, construction delays, labor shortages, and unforeseen technical challenges during mine development and plant commissioning, which could impact initial production targets and profitability.
Main Competitors:
- Cameco Corporation ($CCO (TSX), CCJ (NYSE)) (Uranium production and sales), As the largest publicly traded uranium producer, Cameco operates high-grade mines (e.g., McArthur River, Cigar Lake) in the same Athabasca Basin region as NexGen. They compete directly for market share, long-term supply contracts, and investor capital within the premium uranium sector. Cameco's established production, financial strength, and market influence pose significant competition to NexGen's aspirations to become a major producer.
- Kazatomprom ($KAP (LSE), KZAPF (OTC)) (Uranium production and sales), The world's largest uranium producer by volume, Kazatomprom (majority state-owned by Kazakhstan) dominates global supply through its low-cost In-Situ Recovery (ISR) operations. NexGen competes with Kazatomprom for overall global market share and influence on uranium pricing, as both aim to supply a recovering market. Kazatomprom's scale and cost structure set a high bar for new entrants.
- Denison Mines Corp. ($DML (TSX), DNN (NYSE American)) (Uranium exploration and development), Denison is a direct peer to NexGen, also focused on developing high-grade uranium projects in the Athabasca Basin, most notably the Wheeler River Project (Phoenix and Gryphon deposits). They compete for investor capital, skilled personnel, and ultimately, future market share from new production in the same world-class mining district. Denison's focus on ISR mining at Phoenix offers a different development approach compared to NexGen's conventional underground plan for Arrow.
- Paladin Energy Ltd ($PDN (ASX), PALAF (OTC)) (Uranium production and sales), Paladin Energy is bringing its Langer Heinrich mine in Namibia back into production, representing a significant source of new uranium supply entering the market. While geographically distant, Paladin competes with NexGen for global market share and long-term supply contracts as the uranium market recovers. Their re-start demonstrates the broader competitive landscape of existing mines coming back online versus new projects like NexGen's.
Moat:
NexGen Energy Ltd. operates in a highly specialized and capital-intensive industry, with its primary moat being the exceptionally high-grade and large-scale Arrow deposit within its Rook I Project in Canada's Athabasca Basin. This project has the potential to be one of the lowest-cost uranium producers globally, offering a significant competitive advantage in terms of operational margins. Competition primarily stems from established major producers like Cameco and Kazatomprom, who control significant existing supply and market influence. Additionally, other Athabasca Basin developers like Denison Mines compete for investor capital and future market share, while re-starting mines globally (e.g., Paladin Energy) add to the overall supply landscape. NexGen's challenge and opportunity lie in successfully navigating the permitting, financing, and construction phases to bring its world-class asset into production, thereby disrupting the existing oligopoly and capitalizing on anticipated growth in nuclear energy demand.
Income Statements:
Quarterly
Annual
| Unit: USD | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-03-31 | 2022-11-04 | 2022-08-05 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
expenses | ||||||||||||
salaries, benefits and directors’ fees | 2,363,000 | 2,628,000 | 2,741,000 | 1,923,000 | 1,867,000 | 1,870,000 | 1,587,000 | 2,026,000 | 2,451,000 | 866,247 | ||
office, administrative, and travel | 4,540,000 | 4,612,000 | 5,153,000 | 4,406,000 | 3,473,000 | 1,996,000 | 1,558,000 | 1,353,000 | 889,000 | 651,000 | ||
professional fees and insurance | 2,993,000 | 3,790,000 | 3,022,000 | 6,661,000 | 1,608,000 | 1,478,000 | 1,373,000 | 615,000 | 794,000 | |||
depreciation | 580,000 | 564,000 | 516,000 | 483,000 | 399,000 | 475,000 | 446,000 | 438,000 | 508,000 | 540,000 | 544,000 | 212,277 |
share-based payments | 8,236,000 | 6,018,000 | 6,066,000 | 10,901,000 | 6,483,000 | 9,830,000 | 6,340,000 | 7,396,000 | 4,706,000 | 11,381,000 | 2,197,000 | 2,000,354 |
finance income | 6,277,000 | 5,923,000 | 3,505,000 | 1,103,000 | -1,356,000 | 896,000 | 491,000 | -259,000 | -280,000 | -125,000 | -174,497 | |
mark-to-market gain on convertible debentures | 32,867,000 | 29,714,000 | -16,282,000 | 28,504,000 | ||||||||
interest expense on convertible debentures | -11,295,000 | -6,056,000 | -3,375,000 | 688,000 | -542,000 | -529,000 | 518,000 | 519,000 | 492,000 | 2,228,000 | ||
interest on lease liabilities | -25,000 | -31,000 | -33,000 | 44,000 | -50,000 | -54,000 | 57,000 | 63,000 | 70,000 | 72,000 | ||
share of net income from associate | 1,359,000 | -1,940,000 | -1,577,000 | |||||||||
loss on dilution of ownership interest in associate | -256,000 | |||||||||||
loss on disposal of assets | ||||||||||||
foreign exchange gain | -474,000 | 68,000 | 729,000 | 680,000 | 949,000 | 474,000 | -430,000 | 251,000 | 178,000 | 146,381 | ||
other income | -159,000 | -11,000 | -18,000 | |||||||||
income before taxes | 9,741,000 | 9,841,000 | -34,310,000 | -27,527,000 | 17,302,000 | 30,654,000 | 18,912,000 | 19,273,000 | 68,385,000 | |||
deferred income tax recovery | 511,000 | 3,355,000 | -310,000 | 316,000 | -776,000 | 229,000 | 283,000 | |||||
net income | 10,252,000 | 13,196,000 | -34,620,000 | 9,107,000 | -27,298,000 | 17,585,000 | 30,402,000 | 19,929,000 | 19,799,000 | 68,116,000 | ||
yoy | 12.57% | -148.34% | -296.87% | -54.30% | -237.88% | -74.18% | ||||||
qoq | -22.31% | -138.12% | -133.36% | -255.23% | -42.16% | 52.55% | 0.66% | -70.93% | ||||
items that may not be reclassified subsequently to profit or loss: | ||||||||||||
change in fair value of convertible debenture attributable to the change in credit risk | 1,894,000 | 12,425,000 | -45,000 | 196,000 | -72,000 | -3,000 | 295,000 | |||||
change in fair value of marketable securities | 872,000 | -2,359,000 | 923,000 | -5,424,000 | -933,000 | |||||||
deferred income tax expense | -511,000 | 1,017,000 | 526,000 | -269,000 | 180,622 | |||||||
share of other comprehensive income of associate | -168,000 | -630,000 | 2,377,000 | |||||||||
net comprehensive income | 11,467,000 | 21,636,000 | 15,722,000 | |||||||||
net income attributable to: | ||||||||||||
shareholders of nexgen energy ltd. | 10,252,000 | 13,196,000 | -34,620,000 | -21,895,000 | 13,484,000 | 25,673,000 | 17,827,000 | 18,894,000 | 66,090,000 | 25,477,182 | ||
non-controlling interests | 30,480 | 36,308 | -5,403,000 | 4,101,000 | 4,729,000 | 2,102,000 | 905,000 | 2,026,000 | ||||
net comprehensive income attributable to: | ||||||||||||
earnings per share attributable to nexgen energy ltd. shareholders | ||||||||||||
basic earnings per share | 0.02 | 0.02 | 0.03 | |||||||||
diluted loss per share | -0.02 | -0.02 | ||||||||||
weighted-average common shares outstanding | ||||||||||||
basic | 564,693,987 | 551,519,415 | 536,646,284 | 479,283,015 | ||||||||
diluted | 621,899,927 | 613,813,089 | 504,256,307 | |||||||||
gain on dilution of ownership interest in associate | -66,000 | 221,000 | ||||||||||
change in fair value of convertible debenture attributable to the change in credit risk of the company | -1,148,000 | |||||||||||
net comprehensive loss | -33,081,000 | -26,584,000 | 31,176,000 | 15,166,000 | 18,977,000 | 68,361,000 | ||||||
net comprehensive loss attributable to: | ||||||||||||
loss per share attributable to nexgen energy ltd. shareholders | ||||||||||||
basic and diluted loss per share | -0.06 | -0.05 | 0.05 | 0.04 | 0.04 | 0.17 | ||||||
weighted-average common shares outstanding | ||||||||||||
basic | 564,693,987 | 551,519,415 | 536,646,284 | 479,283,015 | ||||||||
salaries, benefits, and directors’ fees | 2,185,000 | 2,249,000 | ||||||||||
mark to market loss on convertible debentures | -3,804,000 | 20,159,948 | ||||||||||
gain on disposal of assets | -85,000 | |||||||||||
loss before taxes | 9,883,000 | |||||||||||
basic and diluted loss per share attributable to nexgen shareholders | 0.01 | |||||||||||
000s | ||||||||||||
current assets | ||||||||||||
cash | 370,444 | 135,909 | ||||||||||
marketable securities | 7,240 | 5,385 | ||||||||||
amounts receivable | 1,546 | 1,917 | ||||||||||
prepaid expenses and other assets | 6,414 | 2,771 | ||||||||||
lease receivable | 470 | |||||||||||
non-current assets | ||||||||||||
exploration and evaluation assets | 489,456 | 423,546 | ||||||||||
property and equipment | 5,282 | 4,678 | ||||||||||
deposits | 82 | 76 | ||||||||||
total assets | 884,564 | 574,282 | ||||||||||
current liabilities | ||||||||||||
accounts payable and accrued liabilities | 27,437 | 11,686 | ||||||||||
lease liabilities | 829 | 794 | ||||||||||
flow-through share premium liability | 569 | |||||||||||
non-current liabilities | ||||||||||||
convertible debentures | 189,206 | 76,290 | ||||||||||
long-term lease liabilities | 1,060 | 1,484 | ||||||||||
deferred income tax liabilities | 1,379 | 1,538 | ||||||||||
total liabilities | 219,911 | 92,361 | ||||||||||
equity | ||||||||||||
equity attributable to nexgen energy ltd. shareholders | 634,173 | 445,613 | ||||||||||
total shareholders’ equity | 664,653 | 481,921 | ||||||||||
development of rook i project | ||||||||||||
site investigation | 9,000 | 9,000 | ||||||||||
process plant optimizations | 1,500 | 1,500 | ||||||||||
engineering1 | 35,000 | 35,000 | ||||||||||
permitting and other development costs1 | ||||||||||||
pre-commitment early works1 | 94,500 | 94,500 | ||||||||||
general working capital | 23,290 | 23,290 | ||||||||||
exploration1 | ||||||||||||
total2 | 163,290 | 163,290 | ||||||||||
foreign exchange loss | 99,000 | 227,000 | ||||||||||
mark-to-market loss on convertible debentures | -12,993,000 | 18,431,000 | 11,920,000 | 5,913,000 | 59,009,000 | |||||||
weighted-average common shares outstanding | ||||||||||||
basic and diluted | 479,504,037 | 479,267,770 | 472,337,597 | 471,861,473 | 407,466,970 | |||||||
gain on sale of assets | -1,374,000 | -2,236,000 | ||||||||||
diluted (loss) per share | -0.02 | |||||||||||
loss per share attributable to nexgen energy ltd. equity holders | ||||||||||||
professional fees | 483,000 | 829,000 | 297,293 | |||||||||
office and administrative | 971,000 | 390,206 | ||||||||||
travel | 31,000 | 129,012 | ||||||||||
other incomes | ||||||||||||
interest expense | 1,498,725 | |||||||||||
income from operations | 25,525,946 | |||||||||||
yoy | ||||||||||||
qoq | ||||||||||||
loss and comprehensive loss for the period | 25,706,568 | |||||||||||
loss and comprehensive loss attributable to: | ||||||||||||
non-controlling interests in isoenergy ltd. | 229,386 | |||||||||||
loss per common share attributable to the company’s common shareholders – basic and diluted | 0.08 | |||||||||||
weighted-average number of common shares outstanding – basic and diluted | 306,387,694 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-11-04 | 2022-09-30 | 2022-08-05 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-05-14 | 2018-03-31 | 2017-09-30 | 2017-08-10 | 2017-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||
cash | 305,985,000 | 371,556,000 | 434,640,000 | 537,766,000 | 572,363,000 | 383,159,000 | 370,444,000 | 100,571,000 | 135,909,000 | 140,582,000 | 140,582,000 | 161,237,000 | 161,237,000 | 187,495,000 | 227,844,000 | 234,192,000 | 226,798,000 | 78,622,079 | |||||||||||||
amounts receivable | 2,252,000 | 977,000 | 945,000 | 1,238,000 | 1,323,000 | 3,627,000 | 1,546,000 | 1,119,000 | 1,917,000 | 1,017,000 | 1,017,000 | 862,000 | 862,000 | 864,000 | 665,000 | 370,000 | 258,000 | 237,061 | 378,433 | 491,853 | 607,005 | 771,672 | 1,259,839 | 499,576 | 359,695 | 566,745 | 566,745 | 836,483 | 462,539 | 462,539 | 861,987 |
prepaid expenses and other assets | 9,122,000 | 9,392,000 | 11,765,000 | 5,197,000 | 8,504,000 | 11,122,000 | 6,414,000 | 10,874,000 | 2,771,000 | 1,934,000 | 1,934,000 | 2,760,000 | 2,760,000 | 1,494,000 | 1,465,000 | 1,538,000 | 371,557 | 599,460 | 624,989 | 745,744 | 951,940 | 589,717 | |||||||||
lease receivable | 512,000 | 512,000 | 512,000 | 512,000 | 512,000 | 512,000 | 470,000 | 342,000 | |||||||||||||||||||||||
current assets - sum | 317,871,000 | 382,437,000 | 447,862,000 | 544,713,000 | 582,702,000 | 398,420,000 | 386,114,000 | 120,118,000 | 145,982,000 | 198,245,000 | 239,875,000 | 239,101,000 | 227,380,000 | ||||||||||||||||||
non-current assets | |||||||||||||||||||||||||||||||
exploration and evaluation assets | 731,611,000 | 648,146,000 | 613,758,000 | 549,296,000 | 507,585,000 | 484,112,000 | 489,456,000 | 452,206,000 | 423,546,000 | 389,265,000 | 389,265,000 | 365,275,000 | 365,275,000 | 345,905,000 | 304,863,000 | 288,486,000 | 280,619,000 | 266,566,135 | 262,403,166 | 259,604,851 | 238,491,804 | 226,399,040 | 212,359,046 | 186,027,558 | 174,476,196 | 166,754,474 | 166,754,474 | 142,339,673 | 127,446,789 | 127,446,789 | 120,939,270 |
property and equipment | 6,695,000 | 7,228,000 | 7,442,000 | 5,859,000 | 5,910,000 | 5,945,000 | 5,282,000 | 5,315,000 | 4,678,000 | 5,491,000 | 5,491,000 | 5,966,000 | 5,966,000 | 6,290,000 | 6,765,000 | 7,197,000 | 9,296,600 | ||||||||||||||
investment in associate | 158,131,000 | 156,601,000 | 146,982,000 | 239,436,000 | 238,501,000 | 241,137,000 | |||||||||||||||||||||||||
strategic inventory | 341,150,000 | 341,150,000 | 341,150,000 | 341,150,000 | 341,150,000 | ||||||||||||||||||||||||||
other non-current assets | 10,719,000 | 10,666,000 | 9,776,000 | ||||||||||||||||||||||||||||
total assets | 1,566,177,000 | 1,546,228,000 | 1,566,970,000 | 1,683,654,000 | 1,679,176,000 | 1,133,070,000 | 884,564,000 | 581,473,000 | 574,282,000 | 545,269,000 | 545,269,000 | 542,209,000 | 542,209,000 | 550,516,000 | 551,579,000 | 534,869,000 | 515,343,000 | 353,996,343 | 348,010,080 | 314,044,178 | 320,248,916 | 321,328,785 | 327,478,652 | 326,419,298 | 325,030,895 | 331,094,068 | 331,094,068 | 328,444,240 | 191,478,953 | 191,478,953 | 192,575,943 |
liabilities | |||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 31,217,000 | 20,218,000 | 35,805,000 | 37,660,000 | 20,438,000 | 26,588,000 | 27,437,000 | 16,909,000 | 11,686,000 | 17,349,000 | 17,349,000 | 12,738,000 | 12,738,000 | 15,273,000 | 14,264,000 | 5,019,000 | 4,757,000 | 5,592,513 | 2,735,295 | 6,365,654 | 10,014,316 | 5,477,313 | 8,528,611 | 8,761,103 | 3,795,486 | 10,490,188 | 10,490,188 | 7,555,430 | 1,407,068 | 1,407,068 | 4,845,820 |
interest payable | 13,906,000 | ||||||||||||||||||||||||||||||
lease liabilities | 437,000 | 560,000 | 678,000 | 990,000 | 968,000 | 945,000 | 829,000 | 812,000 | 794,000 | 756,000 | 756,000 | 737,000 | 737,000 | 719,000 | 694,000 | 768,000 | 867,000 | ||||||||||||||
convertible debentures | 592,301,000 | 488,520,000 | 424,313,000 | 429,924,000 | 464,685,000 | 175,908,000 | 189,206,000 | 78,986,000 | 76,290,000 | 74,754,000 | 74,754,000 | 61,716,000 | 61,716,000 | 90,416,000 | 73,614,000 | 61,766,000 | 55,857,000 | 176,962,296 | 155,403,789 | 116,499,810 | 118,315,673 | 125,266,147 | 122,233,444 | 161,692,664 | 150,666,483 | 136,146,330 | 136,146,330 | 147,931,103 | 82,696,578 | 82,696,578 | 90,971,749 |
current liabilities - sum | 637,861,000 | 509,298,000 | 460,796,000 | 468,574,000 | 486,091,000 | 203,441,000 | 28,266,000 | 17,721,000 | 13,049,000 | 15,992,000 | 14,958,000 | 5,787,000 | 5,624,000 | ||||||||||||||||||
non-current liabilities | |||||||||||||||||||||||||||||||
derivative liability | 1,536,000 | 3,024,000 | |||||||||||||||||||||||||||||
other non-current liabilities | 7,979,000 | 8,017,000 | 2,763,000 | ||||||||||||||||||||||||||||
total liabilities | 647,376,000 | 520,339,000 | 463,559,000 | 468,840,000 | 486,614,000 | 204,213,000 | 219,911,000 | 99,586,000 | 92,361,000 | 96,212,000 | 96,212,000 | 78,854,000 | 78,854,000 | 110,846,000 | 94,000,000 | 71,466,000 | 64,849,000 | 187,998,713 | 163,742,458 | 128,734,769 | 132,044,665 | 134,540,657 | 134,698,807 | 170,930,326 | 155,077,408 | 147,099,026 | 147,099,026 | 155,968,913 | 84,691,934 | 84,691,934 | 96,417,573 |
equity | |||||||||||||||||||||||||||||||
share capital | 1,437,017,000 | 1,421,237,000 | 1,406,831,000 | 1,388,054,000 | 1,385,500,000 | 1,146,736,000 | 995,390,000 | 758,463,000 | 741,256,000 | 697,874,000 | 697,874,000 | 697,067,000 | 697,067,000 | 696,673,000 | 684,290,000 | 681,575,000 | 653,882,000 | 245,554,564 | 244,779,344 | 218,787,664 | 214,596,888 | 214,560,948 | 210,450,776 | 204,957,719 | 202,819,275 | 199,606,846 | 199,606,846 | 193,732,328 | 130,609,420 | 130,609,420 | 126,006,242 |
reserves | 157,810,000 | 150,224,000 | 147,416,000 | 132,783,000 | 124,552,000 | 121,247,000 | 105,987,000 | 99,110,000 | 100,501,000 | 88,837,000 | 88,837,000 | 80,858,000 | 80,858,000 | 75,041,000 | 61,258,000 | 57,252,000 | 55,679,000 | 53,529,078 | 55,413,137 | 53,479,155 | 49,163,068 | 47,000,169 | 43,766,931 | 37,859,574 | 35,247,213 | 29,099,792 | 29,099,792 | 22,563,531 | 21,582,334 | 21,582,334 | 19,593,610 |
accumulated other comprehensive income | 9,153,000 | 7,938,000 | 830,000 | 170,000 | 254,000 | 965,000 | 965,000 | 611,000 | 611,000 | 1,511,000 | 2,231,000 | 5,176,967 | -716,204 | 97,675 | -503,146 | -503,146 | |||||||||||||||
accumulated deficit | -315,176,000 | -325,428,000 | -338,624,000 | -415,546,000 | -396,398,000 | -366,695,000 | -366,695,000 | -344,800,000 | -344,800,000 | -317,152,000 | -300,288,000 | -282,130,000 | -153,637,652 | -131,592,949 | -113,339,678 | -90,754,440 | -90,220,533 | -77,909,447 | -101,492,429 | -82,490,124 | -57,965,176 | -57,965,176 | -55,981,539 | -54,788,965 | -54,788,965 | -58,220,798 | |||||
total equity | 918,801,000 | 1,025,889,000 | 1,103,411,000 | 1,214,814,000 | 1,192,562,000 | 928,857,000 | 664,653,000 | 481,887,000 | 4,819,000 | 449,057,000 | 449,057,000 | 463,355,000 | 463,355,000 | 439,670,000 | 457,579,000 | 463,403,000 | 450,494,000 | 165,997,630 | 184,267,622 | 185,309,409 | 188,204,251 | 186,788,128 | 192,779,845 | 155,488,972 | 169,953,487 | 183,995,042 | 183,995,042 | 172,475,327 | 106,787,019 | 106,787,019 | 96,158,370 |
total liabilities and equity | 1,566,177,000 | 1,546,228,000 | 1,566,970,000 | 1,683,654,000 | 1,679,176,000 | 1,133,070,000 | 884,564,000 | 581,473,000 | 574,282,000 | 545,269,000 | 545,269,000 | 542,209,000 | 542,209,000 | 550,516,000 | 551,579,000 | 534,869,000 | 515,343,000 | 353,996,343 | 348,010,080 | 314,044,178 | 320,248,916 | 321,328,785 | 327,478,652 | 326,419,298 | 325,030,895 | 331,094,068 | 331,094,068 | 328,444,240 | 191,478,953 | 191,478,953 | 192,575,943 |
marketable securities | 7,240,000 | 7,212,000 | 5,385,000 | 6,904,000 | 6,904,000 | 6,033,000 | 6,033,000 | 8,392,000 | 9,901,000 | 3,001,000 | |||||||||||||||||||||
deposits | 82,000 | 82,000 | 82,000 | 82,000 | 76,000 | 76,000 | 76,000 | 76,000 | 76,000 | 76,000 | 76,000 | 76,000 | 85,000 | 85,000 | 85,494 | 85,495 | 95,565 | 119,835 | 119,835 | 119,838 | 94,711 | 94,711 | 36,748 | 36,748 | 32,927 | 32,927 | 32,927 | 32,927 | |||
flow-through share premium liability | 569,000 | 70,453 | 85,769 | 35,667 | 242,166 | 357,890 | 181,376 | 17,884 | 17,884 | 147,719 | 161,391 | 161,391 | 44,849 | ||||||||||||||||||
long-term lease liabilities | 266,000 | 523,000 | 772,000 | 1,060,000 | 1,274,000 | 1,484,000 | 1,889,000 | 1,889,000 | 2,086,000 | 2,086,000 | 2,278,000 | 2,645,000 | 2,880,000 | 2,976,000 | 3,439,166 | 3,649,406 | 3,852,004 | 2,204,494 | 2,320,312 | 2,472,276 | |||||||||||
deferred income tax liabilities | 1,379,000 | 1,605,000 | 1,538,000 | 1,464,000 | 1,464,000 | 1,577,000 | 1,577,000 | 2,160,000 | 2,783,000 | 1,033,000 | 392,000 | ||||||||||||||||||||
equity attributable to nexgen energy ltd. shareholders | 1,214,814,000 | 1,192,562,000 | 928,857,000 | 634,173,000 | 442,197,000 | 445,613,000 | 420,981,000 | 420,981,000 | 433,736,000 | 433,736,000 | 414,782,000 | 430,627,000 | 438,422,000 | 426,917,000 | |||||||||||||||||
non-controlling interests | 30,480,000 | 39,690,000 | 36,308,000 | 28,076,000 | 28,076,000 | 29,619,000 | 29,619,000 | 24,888,000 | 26,952,000 | 24,981,000 | 23,577,000 | 26,131,453 | 21,004,772 | 21,205,301 | 15,914,939 | 16,163,748 | 16,373,910 | 14,667,254 | 14,880,269 | 13,756,726 | 13,756,726 | 12,161,007 | 9,384,230 | 9,384,230 | 8,779,316 | ||||||
accumulated other comprehensive loss | -502,000 | -117,000 | -514,000 | -5,579,813 | -5,336,682 | -716,204 | -503,146 | -503,146 | |||||||||||||||||||||||
prepaid expenses and other | 324,000 | ||||||||||||||||||||||||||||||
equipment | 7,259,000 | 8,114,017 | 8,741,868 | 9,284,890 | 8,172,455 | 8,762,645 | 6,706,803 | 6,648,607 | 5,903,488 | 5,903,488 | 4,206,279 | 3,873,967 | 3,873,967 | 3,713,135 | |||||||||||||||||
current | |||||||||||||||||||||||||||||||
current - sum | 79,230,697 | 76,779,551 | 45,058,872 | 73,464,822 | 86,047,265 | 105,703,168 | 133,590,226 | 143,811,381 | 158,399,358 | 181,865,361 | 60,125,270 | 67,890,611 | |||||||||||||||||||
non-current | |||||||||||||||||||||||||||||||
non-current - sum | 274,765,646 | 271,230,529 | 268,985,306 | 246,784,094 | 235,281,520 | 221,775,484 | 192,829,072 | 181,219,514 | 172,694,710 | 146,578,879 | 131,353,683 | 124,685,332 | |||||||||||||||||||
current portion of lease liabilities | 778,642 | 791,819 | 765,495 | 599,291 | 637,712 | 637,437 | |||||||||||||||||||||||||
deferred income tax liability | 1,226,096 | 1,091,696 | 1,166,037 | 875,224 | 597,007 | 469,149 | 433,122 | 380,602 | 381,139 | 381,139 | 251,128 | 333,339 | 333,339 | 451,573 | |||||||||||||||||
equity - sum | 139,866,177 | 163,262,850 | 164,104,108 | 172,289,312 | 170,624,380 | 176,405,935 | 140,821,718 | 155,073,218 | 170,238,316 | 160,314,320 | 97,402,789 | 87,379,054 | |||||||||||||||||||
cash and cash equivalents | 75,801,658 | 43,942,030 | 72,112,073 | 84,323,653 | 103,853,612 | 132,713,083 | 142,929,234 | 157,655,177 | 157,655,177 | 180,725,909 | 46,302,691 | 46,302,691 | 53,535,035 | ||||||||||||||||||
deferred lease inducement | 43,437 | 53,461 | 63,485 | 63,485 | 83,533 | 93,558 | 93,558 | 103,582 | |||||||||||||||||||||||
prepaid expenses | 377,567 | 522,452 | 177,436 | 177,436 | 302,969 | 383,040 | 383,040 | 171,589 | |||||||||||||||||||||||
nature of operations | |||||||||||||||||||||||||||||||
commitments | |||||||||||||||||||||||||||||||
short-term investments | 12,977,000 | 12,977,000 | 13,322,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-05-14 | 2017-09-30 | 2017-08-10 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net income for the period: | -2,944,000 | -44,883,000 | |||||||||||||||||||||||||
adjust for: | |||||||||||||||||||||||||||
depreciation | 28,000 | -19,000 | 549,000 | 16,000 | 48,000 | 516,000 | 57,000 | 27,000 | 399,000 | 29,000 | 8,000 | 438,000 | -32,000 | -4,000 | 544,000 | 602,677 | 552,180 | 535,701 | 596,321 | 598,995 | 588,662 | 890,069 | 339,970 | 283,599 | 581,420 | 371,112 | 212,277 |
share-based payments | 7,251,000 | 151,000 | 3,664,000 | 2,218,000 | -48,000 | 6,066,000 | 5,211,000 | -793,000 | 6,483,000 | 3,490,000 | -1,056,000 | 7,396,000 | -6,675,000 | 9,184,000 | 2,197,000 | 1,459,545 | 2,701,467 | 1,677,698 | 2,090,369 | 3,522,771 | 2,442,373 | 9,969,076 | 5,433,453 | 1,707,557 | 5,034,528 | 3,740,796 | 2,000,354 |
mark-to-market loss on convertible debentures | 39,576,000 | ||||||||||||||||||||||||||
interest expense on convertible debentures | -503,000 | 37,000 | 11,624,000 | 5,239,000 | 2,681,000 | 3,375,000 | 301,000 | 2,000 | 688,000 | 13,000 | 11,000 | 518,000 | 27,000 | -1,736,000 | 2,228,000 | ||||||||||||
interest on lease liabilities and accretion expense | |||||||||||||||||||||||||||
share of net loss from associate | -3,299,000 | 363,000 | 1,577,000 | ||||||||||||||||||||||||
loss on dilution of ownership interest in associate | 3,504,000 | -7,952,000 | 7,956,000 | 190,000 | |||||||||||||||||||||||
impairment loss on investment in associate | 81,009,000 | ||||||||||||||||||||||||||
mark-to-market loss on derivative instruments | 2,962,000 | 31,000 | |||||||||||||||||||||||||
deferred income tax (recovery) expense | -2,000 | 54,000 | |||||||||||||||||||||||||
unrealized foreign exchange loss | 1,656,000 | 34,000 | 722,000 | 661,000 | -729,000 | 252,000 | 39,000 | 227,000 | -681,000 | 73,000 | 178,000 | ||||||||||||||||
other expense | |||||||||||||||||||||||||||
operating cash flows before working capital | 1,668,000 | 2,304,000 | -7,411,000 | -2,129,000 | -6,034,000 | -194,000 | -149,000 | 1,295,000 | -4,157,000 | ||||||||||||||||||
changes in working capital items: | |||||||||||||||||||||||||||
amounts receivable | 782,000 | -1,773,000 | 912,000 | -114,000 | -158,000 | -308,000 | 312,000 | -177,000 | -66,000 | 48,000 | 141,372 | 113,420 | 118,268 | 164,667 | 488,167 | -621,363 | 48,493 | 207,050 | -18,676 | -29,036 | 344,908 | -54,540 | |||||
prepaid expenses and other | -343,000 | 1,487,000 | -1,028,000 | 299,000 | 840,000 | 12,036,000 | -8,026,000 | -78,000 | 2,094,000 | 1,306,000 | -1,568,000 | 355,000 | |||||||||||||||
accounts payable and accrued liabilities | 4,568,000 | 1,120,000 | 285,000 | -1,000,000 | 625,000 | 1,807,000 | -1,416,000 | -188,000 | 1,666,000 | -765,000 | 579,000 | -266,649 | 245,787 | -74,612 | -279,233 | 801,394 | -2,150,419 | -402,984 | -104,183 | -695,429 | -891,987 | -935,174 | 1,110,866 | ||||
cash from operating activities | -456,000 | 6,964,000 | -9,344,000 | -7,642,000 | 1,554,000 | 2,655,000 | -1,104,000 | -3,175,000 | |||||||||||||||||||
capital expenditures | 158,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||
free cash flows | -298,000 | 6,964,000 | -9,344,000 | -7,642,000 | 1,554,000 | 2,655,000 | -1,104,000 | -3,175,000 | |||||||||||||||||||
expenditures on exploration and evaluation assets | -5,445,000 | 6,840,000 | -32,894,000 | -4,257,000 | -18,472,000 | 2,562,000 | -2,981,000 | 3,078,000 | -8,032,000 | ||||||||||||||||||
acquisition of property and equipment | 158,000 | ||||||||||||||||||||||||||
investment in isoenergy | |||||||||||||||||||||||||||
cash from investing activities | -5,287,000 | 7,210,000 | -33,951,000 | -18,502,000 | 2,563,000 | -3,213,000 | 3,139,000 | -8,256,000 | |||||||||||||||||||
proceeds from at-the-market equity program, net of issuance costs | 130,237,000 | 27,037,000 | |||||||||||||||||||||||||
proceeds from asx cdi offering, net of issuance costs | -216,862,000 | ||||||||||||||||||||||||||
proceeds from exercise of stock options | 6,457,000 | 3,711,000 | 557,000 | ||||||||||||||||||||||||
restricted cash | |||||||||||||||||||||||||||
payment of lease liabilities | -3,000 | 1,000 | -258,000 | -3,000 | -229,000 | -2,000 | 15,000 | -3,000 | -261,000 | -268,879 | -204,906 | ||||||||||||||||
interest paid on convertible debentures | 874,000 | -1,566,000 | 0 | 0 | -3,888,004 | -2,025,450 | -2,025,450 | ||||||||||||||||||||
cash from financing activities | -217,226,000 | 83,323,000 | 134,961,000 | 296,117,000 | -18,467,000 | 27,645,000 | 1,011,000 | -1,448,000 | 748,000 | -13,865,000 | -147,344,000 | 164,385,000 | |||||||||||||||
effect of exchange rates on cash and cash equivalents | |||||||||||||||||||||||||||
increase in cash | -223,801,000 | 96,788,000 | 92,416,000 | 1,462,000 | 5,603,000 | -13,742,000 | -145,382,000 | 152,776,000 | |||||||||||||||||||
cash, beginning of period | -63,084,000 | -41,947,000 | 476,587,000 | 189,204,000 | 92,416,000 | 290,743,000 | -35,338,000 | 1,462,000 | 134,447,000 | -26,258,000 | -14,309,000 | 201,804,000 | 7,394,000 | 152,776,000 | 74,022,000 | ||||||||||||
cash, end of period | -65,571,000 | -63,084,000 | 434,640,000 | -34,597,000 | 189,204,000 | 383,159,000 | 269,873,000 | -35,338,000 | 135,909,000 | -20,655,000 | -26,258,000 | 187,495,000 | -6,348,000 | 7,394,000 | 226,798,000 | ||||||||||||
interest on lease liabilities | 47,000 | 16,000 | -6,000 | -2,000 | 33,000 | -3,000 | -4,000 | 44,000 | -4,000 | -3,000 | 57,000 | -7,000 | -2,000 | 72,000 | 79,265 | 55,501 | |||||||||||
net loss for the period: | -34,620,000 | -9,107,000 | -130,000 | 48,317,000 | -68,116,000 | ||||||||||||||||||||||
deferred income tax expense | 10,651,000 | 310,000 | 491,000 | 795,000 | -269,000 | 153,873 | 3,798,952 | -2,446,715 | 71,718 | 12,134 | 77,281 | -182,429 | -62,605 | 9,032 | -24,610 | 71,275 | 180,622 | ||||||||||
realized foreign exchange gain on cash | 50,000 | -832,000 | -709,000 | 750,000 | |||||||||||||||||||||||
mark-to-market loss on convertible debenture | -3,153,000 | -45,996,000 | 16,282,000 | 36,939,000 | 6,484,000 | -3,804,000 | 41,497,000 | 18,431,000 | 6,007,000 | -53,096,000 | 59,009,000 | ||||||||||||||||
deferred income tax recovery | 2,844,000 | 294,000 | -776,000 | ||||||||||||||||||||||||
loss on disposal of assets | |||||||||||||||||||||||||||
deposits | 0 | 10,070 | 270 | 0 | 3 | 394,873 | -61,784 | -57,963 | -3,821 | -10,075 | -10,075 | -10,075 | |||||||||||||||
acquisition of marketable securities | |||||||||||||||||||||||||||
issuance of convertible debentures, net of issuance costs | |||||||||||||||||||||||||||
proceeds from exercise of options | -4,897,000 | 1,774,000 | 4,982,000 | -2,687,000 | 9,511,000 | 837,000 | |||||||||||||||||||||
accounts receivable | |||||||||||||||||||||||||||
gain on dilution of ownership interest in associate | -221,000 | ||||||||||||||||||||||||||
acquisition of equipment | -1,057,000 | -4,388,000 | -30,000 | 1,000 | -136,000 | -35,000 | -224,000 | -13,893 | -17,732 | -99,052 | -3,384 | -75,582 | -536,429 | -2,420,089 | -883,057 | -776,386 | -1,024,334 | -588,900 | -277,190 | ||||||||
unrealized foreign exchange gain | |||||||||||||||||||||||||||
foreign exchange gain on cash | 480,000 | 475,000 | 681,000 | -73,000 | -178,000 | ||||||||||||||||||||||
cash used in operating activities | |||||||||||||||||||||||||||
cash used in investing activities | |||||||||||||||||||||||||||
decrease in cash | |||||||||||||||||||||||||||
foreign exchange loss on cash | -39,000 | ||||||||||||||||||||||||||
other non-cash items | |||||||||||||||||||||||||||
proceeds on disposal of assets | |||||||||||||||||||||||||||
proceeds from bought-deal financing, net of share issuance costs | -164,369,000 | 163,923,000 | |||||||||||||||||||||||||
proceeds from common share issuance on asx, net of share issuance costs | -1,963,000 | ||||||||||||||||||||||||||
proceeds from exercise of options and warrants | 306,000 | -743,000 | 977,000 | -13,055,000 | |||||||||||||||||||||||
gain on disposal of assets | |||||||||||||||||||||||||||
4 | |||||||||||||||||||||||||||
gain on sale of assets | |||||||||||||||||||||||||||
proceeds on sale of assets | |||||||||||||||||||||||||||
mark-to-market | |||||||||||||||||||||||||||
unrealized foreign exchange (gain) loss | |||||||||||||||||||||||||||
balance at december 31, 2020 | |||||||||||||||||||||||||||
shares issued on exercise of stock options | |||||||||||||||||||||||||||
shares issued on converted debentures | |||||||||||||||||||||||||||
shares issued for convertible debenture interest payments | |||||||||||||||||||||||||||
shares issued on bought-deal financing, net of share issue costs | |||||||||||||||||||||||||||
shares issued on asx, net of share issue costs | |||||||||||||||||||||||||||
shares issued for the rook i property development | |||||||||||||||||||||||||||
ownership changes relating to non-controlling interests | |||||||||||||||||||||||||||
net income for the period | |||||||||||||||||||||||||||
reclass accumulated other comprehensive income related to converted debentures | |||||||||||||||||||||||||||
other comprehensive income | |||||||||||||||||||||||||||
balance at june 30, 2021 | |||||||||||||||||||||||||||
balance at december 31, 2021 | |||||||||||||||||||||||||||
other comprehensive loss | |||||||||||||||||||||||||||
balance at june 30, 2022 | |||||||||||||||||||||||||||
loss on sale of assets | |||||||||||||||||||||||||||
non-cash costs of debenture issuance | 0 | ||||||||||||||||||||||||||
shares issued for cash from private placements, net of share issuance costs | 668,292 | 60,225,368 | |||||||||||||||||||||||||
shares issued in connection with issuance convertible debentures | |||||||||||||||||||||||||||
issuance of convertible debentures | 7,902,000 | 73,035,180 | |||||||||||||||||||||||||
proceeds from exercise of option and warrants | 2,289,000 | ||||||||||||||||||||||||||
cash flows (used in) from operating activities | |||||||||||||||||||||||||||
loss for the period | -21,514,946 | -13,598,082 | -24,630,604 | -22,579,413 | |||||||||||||||||||||||
items not involving cash: | |||||||||||||||||||||||||||
unrealized foreign exchange loss on cash | |||||||||||||||||||||||||||
mark to market loss on convertible debentures | 13,595,865 | 4,240,251 | 7,088,745 | -9,677,302 | 14,520,153 | -35,223,636 | 4,084,122 | 11,884,777 | 20,159,948 | ||||||||||||||||||
interest expense | 3,451,917 | 3,145,749 | 3,026,026 | 2,970,900 | 3,006,432 | 2,991,375 | 8,933,328 | 3,148,350 | 2,845,576 | 5,504,501 | 2,989,365 | ||||||||||||||||
loss on lease termination | |||||||||||||||||||||||||||
gain on disposal of equipment | 0 | 750 | |||||||||||||||||||||||||
changes in non-cash working capital items: | |||||||||||||||||||||||||||
prepaid expenses | 227,903 | 25,530 | 109,320 | 206,196 | -362,223 | -323,364 | -218,692 | -345,016 | -18,561 | -230,394 | -310,465 | -99,014 | |||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||
exploration and evaluation asset expenditures | -4,240,171 | -3,317,623 | -7,566,261 | -10,164,704 | -14,415,670 | -16,022,858 | -26,474,194 | -10,212,226 | -7,392,881 | -16,647,155 | -9,370,366 | ||||||||||||||||
cash flows from investing activities - sum | -4,254,064 | -3,335,355 | -7,665,313 | -16,559,287 | |||||||||||||||||||||||
cash flows (used in) from financing activities | |||||||||||||||||||||||||||
exercise of options and warrants | |||||||||||||||||||||||||||
shares issued in connection with issuance of convertible debentures | 0 | 2,258,820 | |||||||||||||||||||||||||
cash flows (used in) from financing activities - sum | 9,138,397 | 38,597,489 | -204,059 | -155,772 | -2,857,235 | 880,498 | 987,830 | -2,295,507 | 1,977,335 | 138,123,010 | 2,423,275 | 175,332 | |||||||||||||||
change in cash | |||||||||||||||||||||||||||
effect of exchange rate fluctuations on cash held | -353,511 | -1,077,150 | 1,906,209 | 297,646 | -124,503 | -936,423 | 1,464,412 | 901,788 | 1,384,008 | -2,105,308 | -420,696 | -145,126 | |||||||||||||||
unrealized foreign exchange loss on cash and cash equivalents | 1,077,150 | -1,906,209 | -297,646 | 124,503 | 936,423 | -1,464,412 | -901,788 | -1,384,008 | 2,105,308 | 420,696 | 145,126 | ||||||||||||||||
cash from exercise of options and warrants, net of share issuance costs | 1,560,549 | 2,314 | 49,134 | 3,951,334 | 667,999 | 1,977,335 | 3,611,843 | 3,431,476 | 175,332 | ||||||||||||||||||
change in cash and cash equivalents | 32,936,778 | -10,081,760 | -12,509,226 | -19,405,456 | -20,269,154 | -33,695,179 | -15,627,731 | -8,672,681 | 151,740,904 | 15,633,074 | 22,589,848 | ||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 52,117,581 | 0 | 0 | 125,059,189 | 164,943,850 | 0 | 164,943,850 | 31,090,313 | 31,090,313 | 31,090,313 | ||||||||||||||||
cash and cash equivalents, end of period | 31,859,628 | 43,942,030 | -12,211,580 | -19,529,959 | 103,853,612 | 132,713,083 | -14,725,943 | 157,655,177 | 180,725,909 | 46,302,691 | 53,535,035 | ||||||||||||||||
profit for the period | -10,385,906 | -12,521,248 | 6,975,732 | -24,409,653 | 30,026,892 | ||||||||||||||||||||||
accretion expense | 45,026 | 50,666 | |||||||||||||||||||||||||
payment of interest on lease liabilities | -45,026 | -55,501 | |||||||||||||||||||||||||
payment of principal on lease liabilities | -161,347 | -112,667 | |||||||||||||||||||||||||
amortization of deferred lease inducement | -30,072 | -10,024 | -10,024 | -30,072 | -20,048 | -10,024 | |||||||||||||||||||||
mark to market gain on convertible debentures | -6,950,474 | 2,218,823 | -15,957,439 | ||||||||||||||||||||||||
shares of subsidiary issued to non-controlling interests for cash, net of share issuance costs | 924,500 | 1,017,249 | 1,017,249 | ||||||||||||||||||||||||
cash flows (used in) from investing activities | |||||||||||||||||||||||||||
cash flows (used in) from investing activities - sum | -28,894,283 | -11,095,283 | -8,169,267 | 22,154,793 | 17,242,045 | 24,485,544 | |||||||||||||||||||||
cash from exercise of options, net of share issuance costs | 1,048,666 | ||||||||||||||||||||||||||
cash and cash equivalents consist of: | |||||||||||||||||||||||||||
cash | 103,853,612 | 132,713,083 | -10,776,741 | 153,705,975 | 155,725,909 | 4,691,916 | |||||||||||||||||||||
cash equivalents | 3,949,202 | 25,000,000 | 48,843,119 | ||||||||||||||||||||||||
cash and cash equivalents | 103,853,612 | 132,713,083 | -14,725,943 | 157,655,177 | 180,725,909 | 53,535,035 | |||||||||||||||||||||
supplemental disclosure with respect to cash flows | |||||||||||||||||||||||||||
loss on disposal of equipment | 6,065 | ||||||||||||||||||||||||||
sale and maturity of short-term investments | 47,455,100 | 34,478,100 | |||||||||||||||||||||||||
redemption of short-term investments | 34,133,100 | ||||||||||||||||||||||||||
unrealized foreign exchange gain on cash and cash equivalents | |||||||||||||||||||||||||||
liability to issue shares | |||||||||||||||||||||||||||
acquisition of exploration and evaluation assets | -24,275,973 | ||||||||||||||||||||||||||
receipt of deferred lease inducement payment | |||||||||||||||||||||||||||
loss for the year | -25,706,568 |