Nexgen Energy (NXE) is an exploration and development stage company valued at $4.3 billion by market cap. It is involved in the acquisition, exploration, and development of uranium properties in Canada. The Canada-based uranium miner holds a 100% interest in the Rook I project, which consists of 32 neighboring mineral claims totaling 35,065 hectares located in the Athabasca Basin. Generally, the share of prices of mining companies are tied to the commodity they mine, making them cyclical in nature. Uranium prices (UXJ24) have been on an absolute tear, rising to more than $100 in early 2024, up…