Nexus Uranium submits FAST-41 application for Chord

Executive Summary

• Nexus Uranium Corp. has submitted a FAST-41 initiation notice to the Federal Permitting Improvement Steering Council for its flagship Chord uranium project in South Dakota.
• The FAST-41 program is a voluntary federal initiative designed to enhance coordination, transparency, and accountability for major infrastructure projects, potentially accelerating the environmental review and permitting timeline.
• The submission coincides with active permitting milestones: the U.S. Forest Service commenced public scoping under NEPA in mid-January 2026, and the South Dakota Board of Minerals and Environment has scheduled a public hearing for March 18-20, 2026.

Key Details

• FAST-41 Application: Nexus submitted an initiation notice for the Chord project to benefit from enhanced federal coordination, a dedicated federal project adviser, and a coordinated permitting timetable tracked on the public federal permitting dashboard.
• Project Benefits: FAST-41 coverage provides improved early consultation among federal agencies, enhanced transparency, and accountability. Historical data suggests covered projects achieve a record of decision approximately 18 months faster than non-participants.
• Eligibility: The Chord project meets criteria for eligibility as a mining project requiring authorization from multiple federal agencies and likely an environmental impact statement.
• Federal Permitting Status: The U.S. Forest Service commenced public scoping under the National Environmental Policy Act (NEPA) for federal lands in mid-January 2026.
• State Permitting Status: The South Dakota Board of Minerals and Environment has scheduled a public hearing for March 18-20, 2026, which is the final step in the state permitting process for the exploration permit application.
• Project Location & Scope: The Chord project comprises approximately 3,640 contiguous acres in Fall River County, South Dakota, in the historic Edgemont uranium district. It is located approximately three miles southeast of enCore Energy's Dewey Burdock ISR uranium project.
• Hub-and-Spoke Strategy: Chord serves as the central hub for Nexus's South Dakota portfolio, which totals approximately 6,380 acres. Surrounding satellite properties include:
  • Wolf Canyon: 80 claims, approximately 1,600 acres.
  • Deadhorse: 17 claims, approximately 340 acres (recently acquired).
  • RC: 40 claims, approximately 800 acres (recently acquired).
• Strategic Rationale: If Chord advances to development, surrounding satellite claims could benefit from shared infrastructure and permitting frameworks.
• CEO Commentary: CEO Jeremy Poirier stated the application positions Chord to benefit from enhanced federal oversight as the company advances toward exploration drilling.

Notable Quotes

• "Submitting our FAST-41 application represents a significant step forward in our permitting strategy for Chord... With USFS public scoping now under way and our state mineral board hearing scheduled for March, we believe this application positions Chord to benefit from the enhanced federal oversight that FAST-41 provides as we advance toward exploration drilling." — Jeremy Poirier, Chief Executive Officer