Nexus Executes Agreement to Acquire 100% Interest in Chord Uranium Project

Executive Summary

• Nexus Uranium Corp. executed an agreement to acquire 100% of the Chord uranium project in South Dakota, adding 3,640 wholly‑owned acres to its portfolio.
• The transaction includes US$100,000 cash and issuance of 250,000 common shares, with the vendors retaining a 1.0% NSR royalty (50% repurchasable for US$1 M).
• Chord Property contains inferred resources of 2.75 Mlb U₃O₈ at 810 ppm and will be the focus of an early‑2026 exploration/drilling program to evaluate ISR potential.

Key Details

• Transaction Consideration: US$100,000 cash + 250,000 Nexus common shares issued to vendors at closing.
• Royalty Terms: Vendors retain a 1.0% net smelter return (NSR) royalty; Nexus may repurchase 0.5% NSR for US$1 M before commercial production begins.
• Closing Conditions: Subject to acceptance by the Canadian Securities Exchange; expected within two business days after exchange approval. Shares issued are subject to a four‑month statutory hold period.
• Property Size & Location: 3,640 acres in Fall River County, South Dakota (State Section 36 included), within the southern Black Hills uranium district.
• Resource Estimate: Inferred mineral resources of 2.75 Mlb U₃O₈ at an average grade of 810 ppm over ~8.5 ft thickness (NI 43‑101, updated Sep 2025).
• Strategic Rationale: Consolidates Nexus’s land position in a historically productive uranium district; supports domestic uranium supply goals and potential ISR development.
• Future Plans: Exploration and drilling program slated for early 2026 pending permitting, aimed at extending known mineralization southward and assessing ISR feasibility.
• Previous Related Transaction: Follows September 2025 acquisition of Basin Uranium Corp.’s project portfolio.

Notable Quotes

“This acquisition represents an important step in consolidating our South Dakota uranium portfolio,” said Jeremy Poirier, CEO of Nexus Uranium. “With uranium recently designated as a critical mineral by the U.S. Government, we believe domestic uranium projects in established mining jurisdictions will play an increasingly important role in meeting America’s energy security needs.”