Nexus Uranium Announces Sale of Wray Mesa Project

Executive Summary

• Nexus Uranium entered a definitive agreement to sell its 100% interest in the Wray Mesa uranium project for US $105,000 cash.
• Proceeds provide immediate, non‑dilutive capital and enable the company to focus on advancing its flagship Chord (and Great Divide) projects in South Dakota.
• Closing is expected on or before December 31 2025, subject to customary conditions and regulatory approvals.

Key Details

• Transaction: Sale of 100% interest in Wray Mesa uranium project (46 unpatented mining claims in San Juan County, Utah).
• Purchase Price: US $105,000 cash payable at closing.
• Royalty: Property carries an existing 1.25% net‑returns royalty to a third party.
• Closing Timeline: Expected on or before 31 Dec 2025; contingent upon standard closing conditions and CSE approval.
• Strategic Rationale: Funds will be used for non‑dilutive capital to concentrate resources on the Chord project (South Dakota) and Great Divide project (South Dakota).
• CEO Quote: “This transaction delivers immediate, non‑dilutive capital to our shareholders while allowing us to sharpen our focus on the Chord project… Rather than diverting resources across multiple jurisdictions, we are concentrating on our flagship assets as we advance toward drilling.”

Notable Quotes

“This transaction delivers immediate, non‑dilutive capital to our shareholders while allowing us to sharpen our focus on the Chord project in South Dakota, and our Great Divide project in South Dakota,” – Jeremy Poirier, CEO.