Nexus Uranium Acquires Deadhorse Uranium Claims in South Dakota

Executive Summary

• Nexus Uranium Corp. acquired the Deadhorse uranium project in South Dakota via staking, adding 17 unpatented lode mining claims (~340 acres) to its portfolio.
• The acquisition consolidates Nexus’s land position adjacent to its flagship Chord ISR project, enhancing the potential for a standalone uranium development in the historic Black Hills district.
• No royalties or existing mineral resource estimates are attached to Deadhorse; the company will pursue exploration to evaluate uranium potential.

Key Details

• Acquisition Method: Staking; 100% ownership with no underlying royalties.
• Land Package: 17 unpatented lode mining claims covering approximately 340 acres.
• Location: Within three miles of Nexus’s Chord project in Fall River County, South Dakota; part of the historic Edgemont uranium district (Black Hills region).
• Geologic Context: Claims sit in Cretaceous‑age sandstones and paleochannel systems of the Inyan Kara Group, the same host lithology as the adjacent Chord project. Historic production in the broader district totals ~3.2 million lbs U₃O₈.
• Strategic Rationale: Expands Nexus’s footprint to support development of a standalone ISR (in‑situ recovery) uranium project, aligning with U.S. domestic supply security goals.
• Future Plans: Exploration activities will be undertaken to assess uranium mineralization; no resource estimate currently exists for Deadhorse.
• Technical Review: Content reviewed and approved by Warren D. Robb, P.Geo., director and Qualified Person under NI 43‑101.

Notable Quotes

“The Deadhorse acquisition reinforces our thesis that the lands surrounding the Chord project host significant uranium exploration potential,” – Jeremy Poirier, CEO.
“By systematically expanding our footprint in South Dakota, we are positioning Chord to be a standalone uranium project to contribute to domestic supply security while creating value for our shareholders.” – Jeremy Poirier, CEO.