SAN FRANCISCO, CA--(Marketwired - September 09, 2015) - In the wake of news of the first Japanese reactor restart, NexGen Energy Ltd. has been reporting positive results on the Arrow project in the Athabasca Basin. CEO Leigh Curyer and Corporate Development Manager Travis McPherson share permitting, infrastructure and production plans.

The Energy Report: Do you have a target for where the price of uranium is headed?
Leigh Curyer: It's hard to put a specific number on any commodity, but at NexGen Energy Ltd. (TSX VENTURE: NXE) we feel strongly that the price of uranium will rise based on the worldwide production cost structure. Based on our estimates, marginal global production costs on average are in the mid-US$60s per pound (mid-US$60/lb); hence, the current spot and term price remaining below this level means that production should start to come offline as term contracts expire. It's a fairly straightforward supply-demand equation really.

TER: Is NexGen Energy counting on the price stabilizing above US$60/lb, or can you deal with the price being a little lower?
LC: NexGen's Arrow project does not yet have a feasibility study or an NI 43-101 resource estimate, but we are confident that, given the early development results at Arrow and the technical characteristics it hosts, the project will be incredibly competitive on a world scale. Arrow is an extremely high-grade asset situated amid comfortable mining conditions. The mineralization is hosted in competent basement rocks commencing from 100 meters (100m) from surface, which creates the opportunity for simple and traditional mining scenarios as opposed to the challenging conditions Cameco has had to overcome at its Cigar Lake mine on the east side of the Basin. Our focus moving forward is to define the mineralization with a resource estimate in the first half of 2016, and then determine the project's economic potential soon thereafter.

Travis McPherson: There is a good analogy to Arrow on the east side of the Basin with a mine called Eagle Point…
Continue reading this interview: NexGen Energy: A Bold New Uranium Venture for a World in Short Supply

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NexGen Energy Corp. is a sponsor of The Energy Report. NexGen Energy Corp., represented by Leigh Curyer and Travis McPherson, had final approval of the content of the interview and are wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Curyer and Mr. Mcpherson and not of The Energy Report or its officers.

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Brandon Fung