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NexGen Energy ( (TSE:NXE) ) has issued an announcement.
On January 15, 2026, NexGen Energy reported that the final holes of its 2025 drilling campaign at the Patterson Corridor East discovery significantly expanded the high‑grade uranium subdomain and overall mineralized footprint, with the primary high‑grade zone now extending 412 meters vertically and 210 meters along strike, and the broader mineralized system growing to 700 meters in vertical extent and 620 meters in strike length. The company completed 35,366.2 meters of drilling at PCE in 2025—described as the largest program in the Athabasca Basin that year—with 67 of 102 holes mineralized and strong continuity of very high‑grade intercepts, reinforcing the geological similarities to NexGen’s Arrow deposit and underlining the prospectivity of its dominant land position. NexGen also announced the start of its 2026 exploration program, including 42,000 meters of diamond drilling at PCE to further grow high‑grade domains and test for additional basement‑hosted mineralization within the same hydrothermal system, as well as a 3,500‑meter inaugural drill program at its 100%-owned SW3 property. Management emphasized that these aggressive exploration plans, alongside ongoing federal permitting for the Rook I Project, are intended to position the company for future production and potential new discoveries at a time when uranium supply deficits and recognition of nuclear power’s role in energy security are intensifying.
The most recent analyst rating on (TSE:NXE) stock is a Hold with a C$16.00 price target. To see the full list of analyst forecasts on NexGen Energy stock, see the TSE:NXE Stock Forecast page.
Spark’s Take on TSE:NXE Stock
According to Spark, TipRanks’ AI Analyst, TSE:NXE is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and significant cash burn) and limited valuation support from a negative P/E and no dividend. Offsetting this, technicals show an improving trend with positive momentum signals, and the latest earnings call conveyed strong uranium-market tailwinds and meaningful Rook I execution progress, tempered by federal approval risk.
To see Spark’s full report on TSE:NXE stock, click here.
More about NexGen Energy
NexGen Energy Ltd. is a Canadian uranium exploration and development company focused on its 100%-owned land packages in the southwest Athabasca Basin in Saskatchewan, including the flagship Rook I Project and nearby discoveries such as the Patterson Corridor East (PCE). Listed on the TSX, NYSE and ASX, the company aims to advance high-grade uranium deposits to support growing global nuclear energy demand and strengthen its position as a key future supplier in a structurally tight uranium market.
Average Trading Volume: 2,380,842
Technical Sentiment Signal: Buy
Current Market Cap: C$10.47B
For an in-depth examination of NXE stock, go to TipRanks’ Overview page.