Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Nexus Uranium Corp. (CSE:NEXU) (OTCQB:GIDMF) (FSE:JA7) ("Nexus" or the "Company") announces it has entered into a definitive agreement to sell its 100% interest in the Wray Mesa uranium project in San Juan County, Utah to a private company for total cash consideration of US$105,000.The Wray Mesa project consists of 46 unpatented mining claims located in the Uravan Mineral Belt. The sale provides Nexus with immediate, non-dilutive capital a ...

Core Points - Nexus Uranium Corp. has successfully closed a non-brokered private placement offering, issuing 3,640,000 units at a price of $0.25 per unit, resulting in total gross proceeds of $910,000 [1][2] Group 1: Offering Details - Each unit consists of one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional common share at $0.55 until October 31, 2027 [2] - The warrants will not be exercisable until December 31, 2025, which is 61 days after the offering's closing [2] - The company issued 212,800 finder's warrants, which are also exercisable into common shares at $0.55 per share until October 31, 2027 [3] Group 2: Use of Proceeds - Proceeds from the offering will be allocated for permitting, South Dakota relations, drilling bonds, marketing and investor relations, working capital, and general corporate purposes [3] Group 3: Regulatory Compliance - The units were issued under the listed issuer financing exemption, and securities issued to Canadian residents are not subject to resale restrictions [4] Group 4: Company Overview - Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and development in the green energy sector, holding five uranium projects in the United States and one in Canada [6]

Core Points - Nexus Uranium Corp. will undergo a share consolidation effective October 21, 2025, with a ratio of one post-consolidation share for every ten pre-consolidation shares [1][2] - The total number of issued and outstanding shares will decrease from approximately 72,963,884 to about 7,296,386 shares [2] - The consolidation will also proportionately adjust the exercise or conversion price and the number of shares issuable under the company's outstanding convertible securities [3] Shareholder Information - Registered shareholders with physical certificates will receive a letter of transmittal from Endeavor Trust Corporation for exchanging their existing certificates [4] - No action is required from registered shareholders holding shares in book-entry form or non-registered shareholders [4] - The company name and trading symbol will remain unchanged post-consolidation, with new CUSIP and ISIN numbers provided for the post-consolidation shares [5] Company Overview - Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and development in the green energy sector [6] - The company holds five uranium projects in the United States and one project in the Athabasca Basin of northern Saskatchewan, Canada [6]