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The Fuel — Uranium & Nuclear Fuel Cycle · The Other Watts — Non-AI Energy

NXE

NexGen Energy
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Owns Rook I in Saskatchewan — the largest undeveloped uranium project

What they do

No revenue yet. The entire bet is on getting Rook I built on schedule and budget — typical for a junior miner, but at scale (~30M lbs/year potential, vs world annual production of ~150M lbs). If/when it comes online, it's a top-3 uranium producer overnight. Dilution risk between now and then. Highly speculative.