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NexGen Energy is developing the Rook I uranium project in Saskatchewan, Canada, to meet the increasing energy demands of data centers driven by AI and advanced industry. The CEO indicated initial discussions with tech companies regarding financing and long-term uranium supply agreements.

The International Energy Agency reports a 3% increase in global electricity demand in 2025, driven by industrial consumption and AI. The reliance on stable energy sources like nuclear power is rising as tech firms seek solutions unaffected by weather variability.