Toronto, Jan 5, 2026, 12:21 EST — Regular session
- NexGen Energy shares touched a new 52-week high and were last up about 3% in U.S. trade.
- Investors are tracking a Jan. 9 public intervention deadline for NexGen’s flagship Rook I uranium project.
- Uranium-linked stocks climbed broadly, with sector bellwethers and the uranium ETF higher.
NexGen Energy shares hit a new 52-week high of $10.70 on Monday and were last up 2.9% at $10.55 in U.S. trading, after changing hands in above-average volume. 1
The move comes as the clock runs down to a Jan. 9 public intervention deadline set by Canada’s nuclear regulator for the permitting process on NexGen’s proposed Rook I uranium mine and mill. The deadline is the cutoff for groups or individuals to file written comments or ask to participate in the hearing. 2
That matters for NexGen because the company is still in the development stage, and key permitting milestones can shape both project timelines and financing needs. For pre-production uranium developers, the market often prices regulatory progress almost as much as the uranium price itself.
Uranium-linked names were broadly higher on Monday, with the Global X Uranium ETF up about 4.3%. Denison Mines rose 5.1% and Uranium Energy gained 4.7%, while Cameco was little changed.
In commodities, uranium futures for January delivery were last indicated around $81.85 per pound, up 0.25, holding near recent highs that have supported uranium equities. 3
The Canadian Nuclear Safety Commission has scheduled a two-part hearing on NexGen’s Rook I project, with the second portion set for the week of Feb. 9. The Commission is expected to weigh both the environmental assessment and the licence application as part of the process. 4
NexGen says its Part 1 hearing was held in November and that Part 2 is scheduled for Feb. 9–13, after which the regulator will render an approval decision. 5
A key risk is that the intervention process draws substantive objections that slow the timetable or add conditions, pushing back construction and raising costs. Uranium prices are also volatile, and a pullback can quickly pressure valuation models for developers that do not yet generate cash flow.
