Nexus Uranium Submits FAST-41 Application for Chord Project to Enhance Federal Permitting Coordination

Executive Summary

• Nexus Uranium Corp. submitted a FAST‑41 Initiation Notice to the Federal Permitting Improvement Steering Council for its flagship Chord uranium project in South Dakota.
• FAST‑41 provides coordinated federal permitting, a dedicated project advisor, and public tracking, potentially accelerating environmental review timelines.
• The company is advancing parallel permitting tracks: USFS NEPA scoping has begun, and a South Dakota Board of Minerals and Environment hearing is scheduled for March 18‑20, 2026.

Key Details

• FAST‑41 Application: Initiation notice filed; aims to secure dedicated federal project advisor and coordinated timetable.
• Project Scope: Chord uranium project covers ~3,640 contiguous acres in Fall River County, SD; core of Nexus’s ~6,380‑acre South Dakota portfolio.
• Regulatory Timeline: USFS public scoping started mid‑January 2026; state mineral board hearing set for March 18‑20, 2026 (final step for exploration permit).
• Strategic Context: Chord serves as hub in a “hub‑and‑spoke” model with nearby Wolf Canyon, Deadhorse, and RC claims potentially benefiting from shared infrastructure if development proceeds.
• FAST‑41 Benefits (per Council data): Record of Decision achieved ~18 months faster; average schedule extension only 16 % of original timeline for covered projects.
• CEO Quote: Jeremy Poirier highlighted FAST‑41 as a “significant step forward” in permitting strategy and its role in achieving predictable timelines for exploration drilling.
• Technical Review: Content approved by Warren D. Robb, P.Geo., Qualified Person under NI 43‑101.

Notable Quotes

"Submitting our FAST-41 application represents a significant step forward in our permitting strategy for Chord," – Jeremy Poirier, CEO.