Nexus Uranium Announces Debt Settlement

Core Viewpoint - Nexus Uranium Corp. has entered into a debt settlement agreement to settle $81,000 in outstanding debt by issuing approximately 42,408 common shares at a deemed price of $1.91 per share [1][2]. Group 1: Debt Settlement Details - The debt settlement aims to preserve cash for working capital and improve the company's financial position by reducing existing liabilities [2]. - The debt settlement is expected to close shortly, subject to customary closing conditions and regulatory approvals [2]. - The shares issued in the debt settlement will be subject to a four-month hold period in accordance with Canadian securities laws [3]. Group 2: Company Overview - Nexus Uranium is a Canadian exploration company focused on uranium projects in North America, holding several projects in South Dakota and Wyoming, as well as the Mann Lake project in Saskatchewan's Athabasca Basin [4].