Nexus Uranium acquires RC project in South Dakota

Executive Summary

• Nexus Uranium Corp. has acquired the RC uranium project in South Dakota via staking, adding 40 unpatented lode mining claims (approximately 800 acres) to its portfolio.
• The acquisition is located within one mile of the company's flagship Chord uranium project in Fall River County, representing the most proximal acquisition to date.
• This transaction is part of a broader expansion strategy in January 2026, bringing the company's total South Dakota land position to approximately 6,380 acres following the recent Deadhorse acquisition.

Key Details

• Acquisition Structure: The RC project was acquired by staking and is wholly owned with no underlying royalties.
• Asset Size: The project comprises 40 unpatented lode mining claims totaling approximately 800 acres.
• Location: Situated in Fall River County, South Dakota, within the historic Edgemont uranium district and the broader Black Hills region.
• Proximity to Flagship: Located less than one mile from the Chord uranium project.
• Portfolio Expansion:
  • Combined with the previously announced Deadhorse acquisition (17 claims, ~340 acres), Nexus added 57 claims totaling ~1,140 acres in January 2026 alone.
  • Total South Dakota holdings now stand at approximately 6,380 acres.
• Geological Context:
  • Claims cover prospective ground within the same geological setting as the Chord project.
  • Uranium mineralization is associated with Cretaceous-age sandstones and paleochannel systems within the Inyan Kara group.
  • The broader Edgemont district has documented historical uranium production from sandstone-hosted deposits in the Inyan Kara group of approximately 3.2 million pounds of U3O8.
• Exploration Status: No mineral resources have been estimated at the RC uranium project, and there is no assurance that further work will result in a mineral resource classification.

Notable Quotes

• "Following last week's Deadhorse acquisition, the RC staking extends our consolidation of the lands immediately adjacent to Chord... RC represents the most proximal acquisition to date and reinforces our confidence in the district's exploration upside." — Jeremy Poirier, Chief Executive Officer