Nexus Uranium Announces Sale of Wray Mesa Project

Core Viewpoint - Nexus Uranium Corp. has entered into a definitive agreement to sell its 100% interest in the Wray Mesa uranium project for a total cash consideration of US$105,000, allowing the company to focus on its Chord project in South Dakota [1][2][3]. Group 1: Transaction Details - The Wray Mesa project consists of 46 unpatented mining claims located in the Uravan Mineral Belt [2]. - The sale provides Nexus with immediate, non-dilutive capital, enabling the company to concentrate resources on advancing the Chord project and the Great Divide project in South Dakota [2][3]. - The transaction will close on or before December 31, 2025, subject to customary closing conditions and regulatory approvals [4]. Group 2: Company Overview - Nexus Uranium is a Canadian exploration company focused on uranium projects in North America, holding projects in South Dakota, Wyoming, and Saskatchewan [5]. - The company aims to sharpen its focus on flagship assets rather than spreading resources across multiple jurisdictions [3].