Nexgen Energy's (ASX:NXG) 2024 results were a "non-event" with a net loss of CA$78 million and enough cash in hand to support at least 18 months of post-approval construction activity, according to a Thursday note from Euroz Hartleys.
The company said in a recent conference call that it expects further near-term contract signings while flagging the advancement of offtake negotiations with US, European, Asian, and Middle Eastern counterparties.
The research firm said the announcement of the federal hearing date for the company's Rook I project can be a catalyst to its stock price coupled with additional offtake contracts and uranium sector sentiment and pricing.
Euroz Hartleys maintained a speculative buy rating on Nexgen Energy and reduced the price target to AU$14 from AU$17.50.
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