Nexus Uranium Announces Private Placement of Units

Executive Summary

• Nexus Uranium Corp. announced a non‑brokered private placement of 3.24 M–3.64 M units at $0.25 per unit, targeting gross proceeds between $810,000 and $910,000.
• Each unit consists of one common share and one transferable warrant to purchase an additional share at $0.55, exercisable after 61 days and valid for 24 months.
• Proceeds will be used for permitting work, South Dakota stakeholder relations, drilling bonds, marketing, investor relations, working capital and general corporate purposes.

Key Details

• Offering Size: Minimum 3,240,000 units; maximum 3,640,000 units.
• Price per Unit: $0.25 (equating to a minimum gross of $810,000 and a maximum of $910,000).
• Unit Composition:
• 1 common share of Nexus Uranium Corp.
• 1 transferrable common share purchase warrant.
• Warrant Terms: Right to acquire one additional common share at $0.55 per share; exercisable after the 61st day post‑closing; expires 24 months after closing.
• Use of Proceeds:
• Permitting activities for uranium projects.
• Relations and stakeholder engagement in South Dakota.
• Funding drilling bonds.
• Marketing and investor‑relations initiatives.
• Working capital and general corporate purposes.
• Finder’s Fees: None will be paid in connection with the offering.
• Exemptions Utilized: Listed issuer financing exemption under Part 5A of NI 45‑106 (excluding Quebec); reliance on Coordinated Blanket Order 45‑935 for distribution exemptions.
• Closing Timeline: Expected to close on or about 7 Nov 2025, or any date within 45 days from the announcement, subject to customary conditions and CSE approvals.
• Documentation: Offering document available on SEDAR+ (www.sedarplus.com) and company website (www.nexusuranium.com).

Notable Quotes

• “The capital raised will accelerate our permitting work and drilling programs across key uranium projects, positioning Nexus for continued growth in the green‑energy sector,” – Jeremy Poirier, Chief Executive Officer.