Nexus Uranium cheers U.S. addition of uranium to list

Executive Summary

• Nexus Uranium Corp. publicly supports the U.S. government's inclusion of uranium on the U.S. Geological Survey's (USGS) final 2025 critical minerals list, published in the Federal Register.
• The company views this designation as a validation of its strategic focus and a catalyst for streamlining permitting processes and strengthening the investment case for domestic uranium development.
• The release highlights the broader context of the Energy Act of 2020 and the Department of Energy's recommendation to include uranium due to its role in national defense and nuclear energy.

Key Details

• Regulatory Action: Uranium was added to the USGS final 2025 critical minerals list as published in the Federal Register.
• Strategic Impact: Nexus Uranium states the designation strengthens the domestic uranium sector and reinforces the company's strategic position.
• Company Portfolio: Nexus Uranium holds five uranium projects in the United States:
  • Chord and Wolf Canyon in South Dakota
  • South Pass and Great Divide basin in Wyoming
  • Wray Mesa in Utah
• Canadian Assets: The company also holds the Mann Lake uranium project in the Athabasca basin of Northern Saskatchewan, Canada.
• Recent Corporate Activity: The release notes a recent merger with Basin Uranium Corp., which consolidated Nexus's portfolio of advanced-stage uranium assets.
• Regulatory Context: The designation was empowered by the Energy Act of 2020, with recommendations from the Department of Energy and emphasis from the Department of Defense regarding national security and supply chain resilience.

Notable Quotes

• "We commend the U.S. government, particularly Interior Secretary Doug Burgum and the U.S. Geological Survey, for recognizing uranium's critical importance to America's energy independence and national security," commented Jeremy Poirier, chief executive officer of Nexus Uranium.
• "This designation represents a watershed moment for the North American uranium sector and validates our strategic focus on advancing our portfolio of uranium projects."
• "This designation will help streamline permitting processes and strengthen the investment case for responsible uranium development."