Travis McPherson

Canada can be an energy superpower but it will take action, not just words. We are all about action and recently celebrated all of the construction activity underway at our Rook I Project - coming to a theatre near you soon and delivering >50% of western world supply @kevinolearytv @NexGenEnergy_

Was a pleasure to sit down with @BankofAmerica analyst Lawson at the 38th Annual Mining Americas Forum to talk about the global significance of @NexGenEnergy_ in today’s rapidly evolving world. Base load power is everything. There is no GDP growth, no standard of living improvements and certainly no AI without the immediate meaningful expansion of base load generation.

While policy support is there, capital is there regulatory reform is there, the reality is that we need significantly elevated uranium prices over sustained years to incentivize many new material discoveries. Those made tomorrow won’t see first pounds out of the ground until the 2040s and so it is vital this pricing cycle starts yesterday. We at NXE are bringing on the world’s most significant uranium mine ever seen, however the reality is that it will only replace that which is scheduled to come offline.

As a Canadian I applaud @MarkJCarney and the GoC for the Invest Canada Summit in terms of the messaging sent to the world in a well presented marketing package. The key to evaluating the success of this marketing effort over the next 12 months will come down to 2 key aspects: 1) regulatory timeline streamlining and guarantees to answers (either “yes” or “no”) and 2) seeing Canadian institutions (and particularly the pensions) investing in Canada. We cannot ask the world’s investors to invest in Canada when our own institutions don’t. Rightfully international institutions have asked “why don’t you then invest in Canada as you know it better than us”. The 2 keys to success are clearly linked in that the answer is all in approval timeline certainty. Money will not invest without accountability around decision timeframes and this was the key question asked by all institutions at this summit. Canadian pensions manage $5.5 Trillion or 160% of GDP yet only invest under 25% of that domestically. If Canada is truly the country that the summit portrayed (and I believe it certainly can be) then these Canadian pensions should own significantly more of it and to the benefit of both the pensioners and also the country. A fundamental shift in the regulatory regime and framework is a necessity for success here and investors will sit on the sidelines until this is actually actioned 🇨🇦

One problem sits above all…ENERGY @NexGenEnergy_ @kevinolearytv