Nexus Uranium Announces At-the-Market Offering of up to $10 Million and Provides Corporate Update

Core Viewpoint - Nexus Uranium Corp. has announced the establishment of an at-the-market equity offering, the granting of deferred share units and restricted share units, and the resignation of a board member [1][7]. At-the-Market Offering - Nexus Uranium Corp. has entered into an equity distribution agreement with Haywood Securities Inc. to sell common shares with an aggregate offering price of up to $10,000,000 through at-the-market distributions [2]. - The offering will be effective until either all common shares are sold or until March 4, 2028, unless terminated earlier [2]. - Haywood will receive a cash commission of 3.0% of the gross proceeds from the shares sold under the offering [2]. Use of Proceeds - The net proceeds from the ATM Offering will be utilized for exploration of the Chord Project in South Dakota, the South Pass project in Wyoming, and for general corporate purposes, including potential future acquisitions and capital expenditures [4]. Award Grants - The company has granted a total of 700,000 deferred share units (DSUs) and 100,000 restricted share units (RSUs) to certain directors, officers, and consultants [5]. - 690,000 DSUs and all RSUs will vest over a one-year period in four equal tranches, with 25% vesting every three months from the grant date [5]. - The remaining 10,000 DSUs will vest immediately upon grant [5]. Director Resignation - Jordan Carroll has resigned from the Board of Directors effective March 19, 2026, to pursue other opportunities [7].