Nexus Executes Agreement to Acquire 100% Interest in Chord Uranium Project

Core Viewpoint - Nexus Uranium Corp. has executed an agreement to acquire a 100% interest in the Chord uranium project, enhancing its position in the uranium sector amid increasing demand for domestic uranium resources in the U.S. [1][3] Acquisition Details - The Chord Property consists of 3,640 wholly owned acres located in Fall River County, South Dakota, and contains inferred mineral resources of 2.75 million pounds of U₃O₈ at an average grade of 810 ppm [2][4] - The acquisition involves a total payment of US$100,000 in cash and the issuance of 250,000 common shares to the vendors, who will retain a 1.0% net smelter returns royalty on future production [4][5] Strategic Importance - The acquisition consolidates Nexus's land position in a historically productive uranium district, which is favorable for sandstone-hosted uranium mineralization [2] - The U.S. government's designation of uranium as a critical mineral underscores the importance of domestic uranium projects for energy security [3] Future Plans - Nexus plans to demonstrate the extension of mineralization south of the known October-Jinx mineralization and evaluate the potential for in-situ recovery (ISR) with an upcoming exploration and drilling program expected to start in early 2026 [2][3]