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NexGen Energy mulls IPO to fund RE projects

NEXGEN Energy Corp., a wholly owned subsidiary of Pure Energy Holdings Corp. (PEHC), is preparing for an initial public offering (IPO) to raise funds for the development of renewable energy (RE) projects in the country with a total capacity of 2.35 gigawatts (GW).

The RE projects are to be developed over the next 10 years, it said, without elaborating on the details of the projects.