The Globe and Mail reports in its Wednesday, June 11, edition that Desjardins Securities analyst Bryce Adams started coverage on NexGen Energy with a "buy" recommendation, calling its cornerstone asset, the Rook I project in the Arrow deposit of Saskatchewan, "a globally significant, advanced-stage asset, representing one of the highest-quality uranium deposits." The Globe's David Leeder writes in the Eye On Equities column that Mr. Adams set a share target of $13.50. Analysts on average target the shares at $13.30. Mr. Adams says in a note, "We expect NexGen to become a significant new source of nuclear fuel amid a potentially bifurcating uranium market and an anticipated structural supply deficit, supported by accelerating reactor builds in the U.S. and globally." Mr. Adams sees the large-scale Arrow deposit as "the key value driver" for NexGen, expecting it to become the largest uranium producer in the Athabasca basin. He estimates production of 21 million pounds annually with below-average cash costs of $10.08 (U.S.) per pound over an initial 11-year life of mine (LOM). Mr. Adams says, "We view Rook I as a globally significant, high-quality asset."