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Nexus Uranium Announces At-the-Market Offering of up to $10 Million and Provides Corporate Update
TMX Newsfile· 2026-03-18 00:00
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].
Nexus Uranium Announces Sale of Wray Mesa Project
TMX Newsfile· 2025-12-15 11:00
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].
Nexus Uranium Closes Fully Subscribed Private Placement of Units
Newsfile· 2025-10-31 23:05
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]
Nexus Uranium Announces Effective Date of Share Consolidation
Newsfile· 2025-10-16 21:00
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]