NexGen Energy Ltd. (NYSE:NXE) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET

Company Participants

Leigh Curyer - Chief Executive Officer

Travis McPherson - Chief Commercial Officer

Benjamin Salter - Vice President, Finance and Acting CFO

Conference Call Participants

Andrew Wong - RBC

Alex Pearce - BMO

Winston Miles - Eight Capital

Chris Thompson - PI Financial

Brian MacArthur - Raymond James

Graham Tanaka - Tanaka Capital Management

Operator

Good morning. And welcome to the NexGen Q2 Quarterly Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. I will now hand the call over to Leigh Curyer. You may begin your conference.

Leigh Curyer

Thank you, and good morning, everyone. Ladies and gentlemen, my name is Leigh Curyer, Chief Executive Officer of NexGen Energy. Thank you for joining our second quarter 2023 company update and financial results call. I will speak for about 10 minutes and then we will move on to the Q&A.

Joining me on the call today are Travis McPherson, Chief Commercial Officer; and Benjamin Salter, Vice President of Finance, Acting Chief Financial Officer.

Throughout the call, we will be making forward-looking statements. So, please visit our website for our full disclaimers on such statements.

This summer, we are seeing record temperatures globally. In July, Phoenix recorded 30 consecutive days over 43.3 degrees Celsius. There were forest fires across continents and warmer ocean temperatures. We cannot stay on the same path.

Global governments have set goals to reach net zero by 2050, with some ambitiously targeting 2030 for the first milestones. Many countries are acting now to bring more zero emissions nuclear power online and as the cleanest and most cost effective form of power generation, nuclear energy is the linchpin to the global energy transition.

Nuclear provides reliable, carbon-free, around-the-clock power and it is a reliable complement to the expansion of renewables like wind and solar as part of a clean energy mix. Currently, there are 436 nuclear reactors worldwide in operation, providing 10% of the world’s electrical needs.

Last month, we saw the U.S. commissioned in its first -- the U.S. commissioned its first commercial reactor in many years of the back of several license extensions issued over the last 12 months and Japan brought its first nuclear reactor online in nearly a decade.