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Share Name | Share Symbol | Market | Type |
---|---|---|---|
NexGen Energy Ltd | AMEX:NXE | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.37 | 0 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 40-F
(Check One)
[ ] Registration statement pursuant to Section 12 of the Securities Exchange Act of 1934
or
[X] Annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
For the fiscal year ended December 31, 2018
Commission file number 001-38072
NexGen Energy Ltd.
(Exact name of registrant as specified in its charter)
British Columbia, Canada
|
1090
(Primary Standard Industrial Classification Code Number (if applicable)) |
Not Applicable
(I.R.S. Employer Identification Number (if Applicable)) |
Suite 3150, 1021 West Hastings Street
Vancouver, B.C., Canada V6E 0C3
(604) 428-4112
(Address and Telephone Number of Registrants Principal Executive Offices)
Puglisi & Associates
850 Library Avenue, Suite 204, Newark, Delaware 19711
(302) 738-6680
(Name, Address (Including Zip Code) and Telephone Number
(Including Area Code) of Agent For Service in the United States)
Securities registered or to be registered pursuant to Section 12(b) of the Act.
Title of each class
|
Name of each exchange on which registered
|
Securities registered or to be registered pursuant to Section 12(g) of the Act. None
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act. None
For annual reports, indicate by check mark the information filed with this Form:
[X] Annual Information Form |
[X] Audited Annual Financial Statements |
Indicate the number of outstanding shares of each of the issuers classes of capital or common stock as of the close of the period covered by the annual report: 351,237,062 common shares
Indicate by check mark whether the Registrant by filing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 (the Exchange Act). If Yes is marked, indicate the file number assigned to the Registrant in connection with such Rule.
Yes__ No X
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days.
Yes X No__
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.
Emerging growth company X
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. __
FORM 40-F
Principal Documents
The following documents, filed as Exhibits 99.1, 99.2 and 99.3 to this Annual Report on Form 40-F (this Annual Report) of NexGen Energy Ltd. (we, us, our, NexGen or the Company), are hereby incorporated by reference into this Annual Report:
(a) |
Annual Information Form for the fiscal year ended December 31, 2018; |
(b) |
Managements Discussion and Analysis for the fiscal year ended December 31, 2018; and |
(c) |
Audited Consolidated Financial Statements for the fiscal years ended December 31, 2018 and 2017. The Companys Audited Consolidated Financial Statements included in this Annual Report have been prepared in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board. Therefore, they are not comparable in all respects to financial statements of United States companies that are prepared in accordance with United States generally accepted accounting principles. |
40-F1
RESOURCE AND RESERVES ESTIMATES
Unless otherwise indicated, all resource and reserve estimates included in the documents incorporated by reference into this Annual Report have been prepared in accordance with Canadian National Instrument 43-101 (NI 43-101) and the Canadian Institute of Mining and Metallurgy Classification System. Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the SEC or the Commission), and resource information contained in the documents incorporated by reference into this Annual Report may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term resource does not equate to the term reserves. Under U.S. standards, mineralization may not be classified as a reserve unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SECs disclosure standards normally do not permit the inclusion of information concerning measured mineral resources, indicated mineral resources or inferred mineral resources or other descriptions of the amount of mineralization in mineral deposits that do not constitute reserves by U.S. standards in documents filed with the SEC. U.S.
Investors should also understand that an inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. Under Canadian rules, estimated inferred mineral resources may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Further, while NI 43-101 permits companies to disclose economic projections contained in preliminary economic assessments and pre-feasibility studies, which are not based on reserves, U.S. companies are not normally permitted to disclose economic projections for a mineral property in their SEC filings prior to the establishment of reserves. Disclosure of contained ounces in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute reserves by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of reserves are also not the same as those of the SEC, and reserves reported by the Company in compliance with NI 43-101 may not qualify as reserves under SEC standards. Accordingly, information concerning mineral deposits in this Annual Report may not be comparable with information made public by companies that report in accordance with United States standards.
40-F2
ADDITIONAL DISCLOSURE
Certifications and Disclosure Regarding Controls and Procedures.
(a) |
Certifications . See Exhibits 99.4, 99.5, 99.6 and 99.7 to this Annual Report on Form 40-F. |
(b) |
Disclosure Controls and Procedures . As of the end of NexGens fiscal year ended December 31, 2018, an evaluation of the effectiveness of NexGens disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the Exchange Act)) was carried out by NexGens management, with the participation of its principal executive officer and principal financial officer. Based upon that evaluation, NexGens principal executive officer and principal financial officer have concluded that as of the end of that fiscal year, NexGens disclosure controls and procedures are effective to ensure that information required to be disclosed by NexGen in reports that it files or submits under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission (the Commission) rules and forms and (ii) accumulated and communicated to NexGens management, including its principal executive officer and principal financial officers, to allow timely decisions regarding required disclosure. |
It should be noted that while NexGens principal executive officer and principal financial officer believe that NexGens disclosure controls and procedures provide a reasonable level of assurance that they are effective, they do not expect that NexGens disclosure controls and procedures or internal control over financial reporting will prevent all errors or fraud. A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.
(c) |
Managements Annual Report on Internal Control Over Financial Reporting . For managements report on internal control over financial reporting, see Managements Report on Internal Control Over Financial Reporting in our MD&A attached as Exhibit 99.3 to this Form 40-F and incorporated by reference herein. |
(d) |
Attestation Report of the Registered Public Accounting Firm . NexGen is not required to include an attestation report of the Companys independent registered public accounting firm regarding internal control over financial reporting in this Annual Report because emerging growth companies are exempt from this requirement for so long as they remain emerging growth companies. Therefore, managements report on internal control over financial reporting is not subject to attestation by the Companys independent registered public accounting firm. |
(e) |
Changes in Internal Control Over Financial Reporting . During the fiscal year ended December 31, 2018, no changes were made in NexGens internal control over |
40-F3
financial reporting that have materially affected or are reasonably likely to materially affect NexGens internal control over financial reporting |
Notices Pursuant to Regulation BTR
None.
Audit Committee Financial Expert
NexGens board of directors has determined that each of Trevor Thiele, Christopher McFadden and Richard Patricio, members of NexGens audit committee, is independent as that term is defined in the rules of the NYSE American LLC (NYSE American) and that Mr. Thiele qualifies as an audit committee financial expert (as such term is defined in Form 40-F).
Code of Ethics
NexGen has adopted a Code of Ethics that meets the definition of a code of ethics set forth in Form 40-F, and that applies to NexGens principal executive officer, principal financial officer, principal accounting officer or controller, and persons performing similar functions.
The Code of Ethics is available for viewing on NexGens website at http://www.nexgenenergy.ca/corporate/corporate-governance/ , and is available in print to any shareholder who requests it. Requests for copies of the Code of Ethics should be made by contacting: Investor Relations by phone at (604) 428-4112 or by e-mail at tmcpherson@nxe-energy.ca.
Since the date on which NexGen became subject to the reporting requirements of Section 13(a) or 15(d) of the Exchange Act, there have not been any amendments to, or waivers, including implicit waivers, granted from, any provision of the Code of Ethics.
If any amendment to the Code of Ethics is made, or if any waiver from the provisions thereof is granted, NexGen may elect to disclose the information about such amendment or waiver required by Form 40-F to be disclosed, by posting such disclosure on NexGens website, which may be accessed at www.nexgenenergy.ca.
Principal Accountant Fees and Services
The required disclosure is included under the headings External Auditor Service Fees (By Category) and Pre-Approval Policies and Procedures in our Annual Information Form for the fiscal year ended December 31, 2018, filed as Exhibit 99.1 to this Annual Report.
Pre-Approval Policies and Procedures.
(a) |
NexGens audit committee pre-approves all audit and non-services provided to NexGen by its external auditor, KPMG LLP. Also see Audit Committee Disclosure-Pre-Approval Policies and Procedures in NexGens Annual |
40-F4
Information Form for the fiscal year ended December 31, 2018, filed as Exhibit 99.1 to this Annual Report on Form 40-F. |
(b) |
Of the fees reported in Exhibit 99.1 to this Annual Report on Form 40-F under the heading External Auditor Service Fees (By Category ) , none of the fees billed by KPMG LLP were approved by NexGens audit committee pursuant to the de minimis exception provided by Section (c)(7)(i)(C) of Rule 2-01 of Regulation S-X. |
Off-Balance Sheet Arrangements
NexGen does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on its financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.
Tabular Disclosure of Contractual Obligations
The required disclosure is included under the heading Liquidity and Capital Resources in NexGens Managements Discussion and Analysis for the years ended December 31, 2018, filed as Exhibit 99.2 to this Annual Report on Form 40-F.
Identification of the Audit Committee.
We have a separately designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Exchange Act. The members of the audit committee are Christopher McFadden, Richard Patricio and Trevor Thiele.
Mine Safety Disclosure
Not applicable.
NYSE American Statement of Governance Differences.
As a Canadian corporation listed on the NYSE American, we are not required to comply with certain NYSE American corporate governance standards, so long as we comply with Canadian and TSX corporate governance requirements. In order to claim such an exemption, however, Section 110 of the NYSE American Company Guide requires that we provide to NYSE American written certification from independent Canadian counsel that the non-complying practice is not prohibited by Canadian law. In addition, we are also required to disclose any significant differences between our corporate governance practices and those required to be followed by U.S. domestic issuers under the NYSE American corporate governance standards. We have prepared a summary of the significant ways in which our corporate governance practices differ from those required to be followed by U.S. domestic companies under the NYSE Americans corporate governance standards, and that summary is available for viewing on our website at: http://www.nexgenenergy.ca/_resources/governance/Statement-of-Significant Differences.pdf
40-F5
UNDERTAKING AND CONSENT TO SERVICE OF PROCESS
A. |
Undertaking. |
We undertake to make available, in person or by telephone, representatives to respond to inquiries made by the Commission staff, and to furnish promptly, when requested to do so by the Commission staff, information relating to: the securities registered pursuant to Form 40-F; the securities in relation to which the obligation to file an annual report on Form 40-F arises; or transactions in said securities.
B. |
Consent to Service of Process. |
We have previously filed a Form F-X in connection with the class of securities in relation to which the obligation to file this report arises.
Any change to the name or address of our agent for service shall be communicated promptly to the Commission by an amendment to the Form F-X referencing our file number.
40-F6
EXHIBIT INDEX
40-F7
SIGNATURES
Pursuant to the requirements of the Exchange Act, the registrant certifies that it meets all of the requirements for filing on Form 40-F and has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized, on March 1, 2019.
NexGen Energy Ltd.
|
||
By: | /s/ Bruce F. Sprague |
Name: | Bruce F. Sprague | |
Title: |
Chief Financial Officer &
|
40-F8
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