Nexus Uranium acquires Basin Uranium shares

Executive Summary

• Nexus Uranium Corp. completed the acquisition of 100 % of Basin Uranium Corp.’s common shares (27,300,679 shares) and a 40 % stake in Blade Resources Inc. (2 M shares).
• Under the court‑approved plan of arrangement, Nexus issued 29,999,982 Nexus shares to former Basin shareholders (~1.1 Nexus share per Basin share) and transferred assets to Blade in exchange for Blade shares.
• The transaction triggers reporting obligations under NI 62‑103/62‑104; related filings will be posted on SEDAR+.

Key Details

• Acquisition of Basin Uranium Corp.: 27,300,679 Nexus common shares issued, representing 100 % of Basin’s outstanding common shares on an undiluted basis.
• Acquisition of Blade Resources Inc.: Nexus received 2,000,000 Blade common shares, giving Nexus a 40 % ownership interest in Blade.
• Share Issuance to Basin Shareholders: 29,999,982 Nexus common shares issued (≈1.1 Nexus share per Basin share).
• Blade Shares to Basin Shareholders: 3,000,000 Blade shares issued (~0.11 Blade share per Basin share) as consideration for Basin’s transfer of its option on the Carbonate‑Hosted Gold project to Blade.
• Asset Transfers to Blade:
• Nexus transferred the Napoleon gold project (1,281 ha in Kamloops mining division, B.C.) and a 100 % interest in Yukon gold quartz mining claims to Blade.
• Resulting Ownership Structure:
• Nexus holds 40 % of Blade’s issued common shares.
• Blade becomes a reporting issuer in British Columbia, Alberta, and Ontario.
• Regulatory Filings: Disclosure made pursuant to Multilateral Instrument 62‑103 (Early Warning System) and National Instrument 62‑104 (Take‑Over Bids). All related reports will be filed with the applicable securities commissions and available on SEDAR+.

Notable Quotes

(No CEO/President quotes were included in the release.)