TORONTO, Jan 3, 2026, 7:31 PM ET — Market closed
- NexGen Energy (NXE) ended Friday up 11.4% at $10.25 on the NYSE.
- The move tracked a broader surge in uranium-linked shares led by Denison Mines and Energy Fuels, Reuters reported. 1
- Focus now shifts to a Jan. 9 public-intervention deadline and a Feb. 9–13 Canadian nuclear regulator hearing on NexGen’s Rook I project. 2
U.S.-listed shares of NexGen Energy Ltd jumped 11.4% on Friday and closed at $10.25, lifting the uranium developer on the first trading day of 2026.
The burst of momentum matters because NexGen is approaching key regulatory milestones for its flagship Rook I uranium mine proposal in northern Saskatchewan. The company says Canada’s nuclear regulator will render a decision after the second part of a public hearing scheduled for Feb. 9–13. 3
The stock move also came as uranium-linked equities rallied broadly, with uranium futures steady around $81.65 a pound. 4
In Canada, the benchmark TSX index rose 0.5% on Friday as energy shares gained, while uranium producers climbed sharply, Reuters reported. Denison Mines jumped 13.7% and Energy Fuels rose 15.4%, according to the report. 1
Denison said it was ready to launch its flagship Phoenix ISR project, Reuters reported. ISR, or in‑situ recovery, is a mining method that dissolves uranium underground and pumps it to the surface, often with less surface disturbance than conventional mining. 1
NexGen is a development-stage uranium company, meaning it does not yet produce uranium and its valuation leans heavily on project approvals, financing and construction timelines. Its proposed Rook I project is an underground mine and mill centered on the Arrow deposit in Saskatchewan’s Athabasca Basin. 3
The Canadian Nuclear Safety Commission (CNSC) has set the Rook I hearing in two parts, with Part 1 held on Nov. 19, 2025 and Part 2 scheduled for Feb. 9–13, 2026, a CNSC update said. A CNSC project timeline lists Jan. 9, 2026 as the public intervention deadline. 5
Friday’s rally in NexGen mirrored a broader “start-of-year” bid for select resource names in Canada’s market. “AI will remain a dominant theme, but we see solid reasons why markets are going to broaden… beyond tech,” said Angelo Kourkafas, senior global investment strategist at Edward Jones, in the Reuters TSX report. 1
Technically, NexGen’s close above $10 leaves a round-number level in focus when trading resumes. The shares traded between $9.36 and $10.365 in Friday’s session, according to LSEG data.
Before the next session, investors will be watching for any new Rook I-related filings and responses ahead of the Jan. 9 public-intervention cutoff, as well as positioning into the Feb. 9–13 hearing dates. 2
Macro risk is also back on the calendar. In the U.S., the monthly jobs report is due Jan. 9 and U.S. CPI follows on Jan. 13, Reuters reported — data points that can sway rate expectations and risk appetite, which often ripple into high-beta resource names. 6
On the company calendar, Investing.com lists NexGen’s next earnings release for Feb. 20, 2026, following its last reported release on Nov. 5, 2025. For a pre-revenue developer, traders typically watch cash burn and funding plans as closely as quarterly loss figures. 7
