Nexus Uranium Enters One of America's Highest-grade Historic Uranium Districts, Acquiring Seven Drill-Ready Breccia Pipe Targets on the Arizona Strip

Executive Summary

• Nexus Uranium Corp. entered into a definitive share purchase agreement to acquire 100% of the Arizona Strip Project (38 BLM lode mining claims) for 2,700,000 common shares.
• The acquisition adds seven collapse‑breccia‑pipe uranium targets in one of North America’s highest‑grade uranium districts, diversifying Nexus’ portfolio beyond its South Dakota assets.
• Closing is expected shortly, subject to Canadian Securities Exchange acceptance and customary conditions; issued shares will be subject to a four‑month statutory hold period.

Key Details

• Target: Arizona Strip Project – 38 federal BLM lode mining claims covering seven historic uranium breccia‑pipe targets in Mohave County, AZ.
• Consideration: Issuance of 2,700,000 Nexus common shares; no royalty retained by the vendor’s shareholders.
• Transaction Structure: Share purchase agreement with the Vendor (owner of the claims) and its shareholders; acquisition of all Vendor common shares.
• Closing Conditions: Subject to acceptance by the Canadian Securities Exchange (if required) and other customary closing conditions; expected to close “shortly.”
• Hold Period: Shares issued will be subject to a statutory four‑month hold period under Canadian securities law.
• Project Highlights:
• SGB (6 claims): Uranium up to 1,100 ppm plus copper and silver anomalies.
• RN (2 claims): Copper 1,560–4,020 ppm with zinc and uranium pathfinders.
• EM (6 claims): Only drill‑confirmed target; historic hole intersected breccia confirming collapse pipe structure.
• BUS, JD, LJ, ULJ (each 6 claims): Various multi‑element surface anomalies (U, Ag, As, Ni, Mo, Zn, V) indicating potential mineralized systems.
• Qualified Person: Warren D. Robb, P.Geo., Director of Nexus, reviewed and approved technical content (not independent; no site visit).
• Historical Data Disclaimer: All geochemical/geophysical data are historic, not generated by Nexus, and have not been independently verified. No mineral resource or reserve has been defined for the Project.
• Related Update – Chord Project (South Dakota): Board of Minerals hearing rescheduled to 13‑17 April 2026; permits could be issued within 30 days of a favorable decision; maiden drill program fully funded and slated for Summer 2026.

Notable Quotes

“The Arizona Strip is in a category of its own when it comes to uranium grade… This acquisition aims to advance our strategy of building a diversified portfolio of uranium assets across established US districts.” – Jeremy Poirier, CEO, Nexus Uranium Corp.