NexGen Energy Ltd (NXE) Strikes Shallow High Grade Uranium at PCE

NexGen Energy Ltd (NYSE:NXE) is one of the green energy stocks with long-term upside potential. On August 28, the company announced a significant uranium discovery at the Patterson Corridor East. The company has discovered intense, high-grade uranium at a depth of just 454.5 meters, marking the shallowest intersection.

NexGen Energy Ltd (NXE) Strikes Shallow High Grade Lithium at PCE

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Mineralization at the hole is open up to 300m up-dip and contains competent basement rock. The company is drilling deeper where strongly developed alteration and structural disruptions persist. According to chief executive officer Leigh Curyer, PCE is slowly evolving into a world-class system of its own.

Likewise, the PCE mine is delivering the exact results expected of a generational uranium discovery.

“NexGen’s summer drill program is off to a fantastic start. PCE continues to deliver intense high-grade uranium at shallower depths than the world-class Arrow deposit, only 3.5km away. Early summer drilling results are building on emerging interpretations that include systematic repetition of high-grade shoots within the overall mineralized footprint, indicating potential for significant expansion at PCE,” said Jason Craven, Vice President and Exploration.

NexGen Energy Ltd (NYSE:NXE) acquires, explores, and develops uranium properties to deliver clean energy. Its primary project is the Rook I Project in the Athabasca Basin, Saskatchewan, where they are developing the Arrow Deposit, one of Canada’s largest and highest-grade uranium discoveries.

While we acknowledge the potential of NexGen Energy Ltd (NYSE:NXE) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NXE and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.