NexGen Energy (NXE) Gained This Week. Here is Why

The share price of NexGen Energy Ltd. (NYSE:NXE) surged by 18.52% between November 21 and November 28, 2025, putting it among the Energy Stocks that Gained the Most This Week.

NexGen Energy Ltd. (NYSE:NXE) is a Canadian uranium explorer and developer operating particularly in the Athabasca Basin region of Saskatchewan.

NexGen Energy Ltd. (NYSE:NXE) has entered the final regulatory approval process to advance its Rook 1 project. On November 19, the company participated in the first of two hearings with the Canadian Nuclear Safety Commission. According to a press release by the uranium operator, this milestone marks the culmination of a dozen years of ‘thorough, detailed, and systematic environmental studies’. NexGen plans to commence construction upon approval and estimates the project to supply up to 30 million pounds of low-cost uranium per year upon completion.

NexGen Energy Ltd. (NYSE:NXE) was also among the Canadian uranium stocks that received a boost last week, after it was reported that Ottawa is nearing a $2.8 billion deal with New Delhi to supply the latter with uranium for 10 years.

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Disclosure: None.