Nexus Uranium Announces At-the-Market Offering of up to $10 Million and Provides Corporate Update

Executive Summary

• Nexus Uranium entered into an at‑the‑market equity distribution agreement with Haywood Securities to sell up to $10 million of common shares, with proceeds earmarked for exploration projects in South Dakota and Wyoming and general corporate purposes.
• The company granted 700,000 Deferred Share Units (DSUs) and 100,000 Restricted Share Units (RSUs) to directors, officers and consultants under its 2023 omnibus equity incentive plan.
• Director Jordan Carroll resigned from the board effective March 19 2026.

Key Details

• ATM Offering:
• Distribution Agreement with Haywood Securities Inc., sole exclusive placement agent.
• Up to $10,000,000 aggregate offering price for common shares (“ATM Offering”).
• Offer open until earlier of full issuance/sale or March 4 2028; may be terminated earlier per agreement terms.
• Agent commission: 3.0% of gross proceeds.

• Shares will be sold at market prices on the Canadian Securities Exchange (CSE) or other recognized Canadian marketplaces.

• Use of Proceeds:

• Exploration of the Chord Project (South Dakota).
• Exploration of the South Pass Project (Wyoming).

• General corporate purposes, including potential acquisitions and capital expenditures.

• Equity Incentive Grants:

• Total grants: 700,000 DSUs + 100,000 RSUs.
• Vesting schedule: 690,000 DSUs and all 100,000 RSUs vest over one year in four equal quarterly tranches (25% each).
• Remaining 10,000 DSUs vest immediately upon grant.

• All units subject to a four‑month hold period per Canadian securities laws and CSE policies.

• Director Resignation:

• Jordan Carroll resigned from the Board of Directors, effective March 19 2026, to pursue other opportunities.

Notable Quotes

• “The ATM Offering provides us with flexible capital to advance our key uranium projects and support future growth initiatives,” – Jeremy Poirier, Chief Executive Officer.