NexGen Energy Ltd. Commits to Sustainability and Community in 2024 Report
- NexGen Energy Ltd. released its 2024 Sustainability Report, highlighting ongoing ESG initiatives and regulatory compliance.
- The Rook I Project aims to be the largest high-grade uranium mine, promising significant local economic benefits.
- NexGen received the 2024 ABEX Community Involvement Award for training over 500 locals and supporting regional development.
NexGen Energy Ltd. Highlights Commitment to Sustainability and Community Engagement in 2024 Report
NexGen Energy Ltd. has unveiled its 2024 Sustainability Report, marking an important milestone as the fifth consecutive year the company has documented its Environmental, Social, and Governance (ESG) initiatives. The report aligns with Global Reporting Initiative (GRI) Standards and the Task Force on Climate-related Financial Disclosures (TCFD), underscoring NexGen's commitment to transparency in its operations. CEO Leigh Curyer emphasizes that 2024 is a transformative year for NexGen, particularly with the advancements in the Rook I Project, which is on track to become the world’s largest high-grade uranium mine. The company aims to balance economic growth with high standards of health, safety, and environmental stewardship, reinforcing its role as a leader in sustainable uranium mining.
Key highlights from the report include the completion of the Canadian Nuclear Safety Commission's Environmental Assessment technical review, a landmark achievement as it represents the first such review for a greenfield uranium mine in Canada in two decades. This progress is crucial as NexGen prepares for a commission hearing scheduled for February 2026, demonstrating the company's proactive approach to regulatory compliance and environmental considerations. Furthermore, the report reveals that an impressive 82% of Rook I site employees are local residents, and 94% of cash expenditures are directed to local suppliers, showcasing NexGen’s dedication to fostering regional economic growth and community involvement.
The report also notes NexGen’s receipt of the 2024 ABEX Community Involvement Award, recognizing the company’s efforts in community development. Through various training programs, NexGen has successfully equipped over 500 local participants with essential skills, reinforcing its commitment to social responsibility. Economically, the Rook I Project is projected to generate a staggering $37 billion impact over its 24-year lifespan, providing an average of 1,400 jobs annually. This economic promise, coupled with NexGen's sustainable practices, positions the company as a vital contributor to addressing global challenges like decarbonization and energy security.
In a related development, NexGen held its annual general and special meeting where all nine nominees for the Board of Directors were elected, and Sharon Birkett was appointed to the board. With nearly two decades of experience as CFO at Multi-Color/Collotype Labels, Birkett brings vital financial management expertise that will support NexGen's strategic initiatives, particularly in advancing the Rook I Project. The company is well-positioned to navigate the evolving energy landscape, combining strong governance with a commitment to community and environmental sustainability.
