NexGen Energy (NXE) Gets Federal Clearance to Break Ground on Its Flagship Uranium Mine
Key takeaways
- Nex Gen Energy (NXE) Gets Federal Clearance to Break Ground on Its Flagship Uranium Mine Neha Gupta Fri, May 15, 2026 at 10:46 PM GMT+7 2 min read NXE Nex Gen Energy Ltd.
- This is the second time this year that Scotiabank has maintained the Outperform rating, following its initial call in November 2025.
- On May 7, NexGen Energy Ltd. reported final 2025 assay results from its Patterson Corridor East (PCE) discovery, confirming the expansion of high‑grade uranium zones.
Nex Gen Energy (NXE) Gets Federal Clearance to Break Ground on Its Flagship Uranium Mine Neha Gupta Fri, May 15, 2026 at 10:46 PM GMT+7 2 min read NXE Nex Gen Energy Ltd. (NYSE:NXE) is one of the best uranium stocks to buy according to Wall Street analysts. On May 8, Scotiabank raised its price target on Nex Gen Energy Ltd. (NYSE:NXE) to C$22 from C$18, while maintaining its Outperform rating.
This is the second time this year that Scotiabank has maintained the Outperform rating, following its initial call in November 2025. At the time, the analysts rated the stock Outperform and set the price target at C$16. On March 6, the firm raised the price target to C$18 and left the Outperform rating untouched.
On May 7, NexGen Energy Ltd. reported final 2025 assay results from its Patterson Corridor East (PCE) discovery, confirming the expansion of high‑grade uranium zones. Key drill holes returned strong grades, including 13.0 m at 5.2% U3O8 and 10.0 m at 3.95% U3O8, with intercepts showing continuity and similarities to the company’s Arrow Deposit. A new secondary high‑grade subdomain was also identified, with intercepts up to 33.3% U3O8, highlighting significant growth potential.