Nexus Uranium arranges $910,000 private placement

Executive Summary

• Nexus Uranium Corp. has arranged a non-brokered private placement offering with gross proceeds ranging from $810,000 to $910,000.
• The offering consists of 3.24 million to 3.64 million units priced at $0.25 per unit, with each unit comprising one common share and one transferable warrant.
• Proceeds are designated for permitting, South Dakota relations, drilling bonds, marketing, investor relations, working capital, and general corporate purposes.

Key Details

• Gross Proceeds: Minimum of $810,000; Maximum of $910,000.
• Unit Price: $0.25 per unit.
• Quantity: Minimum of 3.24 million units; Maximum of 3.64 million units.
• Warrant Terms: Each unit includes one transferable common share purchase warrant.
  • Exercise Price: $0.55 per share.
  • Term: 24 months following closing.
  • Restrictions: Warrants are restricted from exercise until the 61st day following the closing of the offering.
• Use of Proceeds: Permitting, South Dakota relations, drilling bonds, marketing, investor relations, working capital, and general corporate purposes.
• Finders' Fees: None intended.
• Regulatory Basis: Listed issuer financing exemption under Part 5A of National Instrument 45-106 in all Canadian provinces and territories excluding Quebec. Securities issued to Canadian residents are not subject to resale restrictions.
• Closing Date: Expected on or about November 7, 2025, or within 45 days from October 22, 2025.
• Conditions: Subject to necessary approvals and compliance with Canadian Securities Exchange policies.

Notable Quotes

• No direct quotes from management were included in the provided text.