NexGen Energy Ltd. reported that its 2026 winter drill program at the Patterson Corridor East (PCE) site has extended the high‑grade sub‑domain to a vertical extent of 550 m, a 33 % increase over the previous benchmark, and established a strike length of 210 m. The expansion represents a significant growth in the company’s uranium resource base and underscores the potential of the PCE system to rival the world‑class Arrow deposit located 3.5 km to the west.
The most notable intercept came from hole RK‑26‑280c1, which returned a cumulative 4.2 m of >10,000 cps, including 0.6 m of >61,000 cps at 834 m depth. Additional holes—RK‑26‑271c1, RK‑26‑276, and RK‑26‑285—produced strong intercepts between 600 m and 700 m depth, confirming the continuity of intense high‑grade mineralization within the deposit.
"Today's results from the 2026 winter program confirm both the scale and growth of PCE continues to advance at pace. Increasing the vertical extent of the high‑grade subdomain by 33% during the winter program suggests substantial drilling is required going forward to fully understand the extent of this mineralized zone. In parallel, drilling focused on vectoring into additional zones of mineralization will be incorporated into the summer program based on these winter results," said Leigh Curyer, Founder and Chief Executive Officer.
The expansion of the high‑grade zone at PCE enhances NexGen’s resource base and supports its strategy of developing a second Arrow‑scale deposit adjacent to the existing Rook I project, potentially doubling the district’s value. The company’s focus on low‑cost uranium production positions it to benefit from the growing global demand for nuclear fuel, particularly as many countries expand or build new reactors and small modular reactors.
NexGen’s Q4 2025 earnings report, released on March 3 2026, showed an EPS miss of –$0.07 versus an estimate of –$0.0351, but the company maintained a strong cash position of CAD 1.1 billion at year‑end 2025. Management expects final financing packages within 18 months and will report Q1 2026 earnings around April 30 2026.
The company will commence a summer drilling program of approximately 29,200 m in the week of May 25 2026. All samples will be submitted to the independent Saskatchewan Research Council Geoanalytical Laboratory for analysis. The program is designed to further delineate the expanded high‑grade zone and to identify additional mineralized targets.
"This type of basement‑hosted mineralization is synonymous with Arrow, only 3.5 km to the west," added Curyer, highlighting the geological similarity between PCE and the Arrow deposit.
"This focused effort has elevated the materiality of PCE and today's results highlight the increasing potential of the PCE system with RK‑24‑222," Curyer noted, emphasizing the strategic importance of the new findings.
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