Nexus Uranium acquires Basin Uranium shares

Mr. Jeremy Poirier reports NEXUS URANIUM ANNOUNCES FILING OF EARLY WARNING REPORTS Nexus Uranium Corp., on Sept. 16, 2025, acquired 27,300,679 common shares of Basin Uranium Corp., representing 100 per cent of the outstanding common shares of Basin on an undiluted basis, and two million common shares of Blade Resources Inc., representing 40 per cent of the issued and outstanding common shares of Blade on an undiluted basis. On Sept. 16, 2025, the company completed the previously announced acquisition of all the issued and outstanding common shares of Basin pursuant to an arrangement agreement dated June 25, 2025, among the company, Basin and Blade, a subsidiary of Basin. Under the terms of the court-approved plan of arrangement under the Business Corporations Act (British Columbia), 29,999,982 common shares of Nexus were issued to former Basin shareholders, representing approximately 1.1 Nexus shares for each Basin share. As part of the arrangement, Basin shareholders received three million Blade shares on the basis of approximately 0.11 of a Blade share for every Basin share held, in exchange for Basin's transfer of its option to acquire an up-to-60-per-cent interest in the Carbonate-Hosted Gold project, a gold project located in Southern British Columbia, to Blade. Blade also issued two million Blade shares to Nexus in exchange for Nexus's transfer of: (i) the Napoleon gold project, comprising 1,281 hectares in the Kamloops mining division in B.C.; and (ii) a 100-per-cent interest in the Yukon gold mining quartz mining claims, to Blade. Blade became a reporting issuer in British Columbia, Alberta and Ontario as a result of the arrangement. Basin has no other outstanding securities and the company does not own any convertible securities of Blade. The disclosure respecting Nexus's securityholdings of Basin and Blade contained in this news release is made pursuant to Multilateral Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, and National Instrument 62-104, Take-Over Bids and Issuer Bids, and reports respecting the above acquisitions will be filed with the applicable securities commissions and will be available for viewing under the companies' respective profiles on SEDAR+.