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Nexus Uranium Announces Expanded Winter Drill Program at Cree East

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Nexus Uranium Corp (CSE: NEXU) (OTCQB: GIDMF) has announced an expanded winter drill program at its Cree East uranium project in Saskatchewan's Athabasca Basin, following a successful $2.08 million private placement financing. The project, spanning over 57,000 hectares, is one of the region's largest exploration projects with historical expenditures exceeding $20 million.

The expanded program will target high-priority zones identified through historical drilling and reinterpreted geophysical surveys, featuring increased drill meterage and enhanced operational support for winter operations. CEO Jeremy Poirier emphasized the company's strategic approach to accelerating exploration efforts at Cree East, which aligns with growing global demand for clean energy solutions.

Nexus Uranium Corp (CSE: NEXU) (OTCQB: GIDMF) ha annunciato un programma di perforazione invernale ampliato presso il suo progetto uranium Cree East nel bacino di Athabasca in Saskatchewan, dopo un finanziamento di private placement di successo di 2,08 milioni di dollari. Il progetto, che si estende su oltre 57.000 ettari, è uno dei maggiori progetti di esplorazione della regione, con spese storiche che superano i 20 milioni di dollari.

Il programma ampliato mirerà a zone di alta priorità identificate attraverso perforazioni storiche e sondaggi geofisici reinterpretati, con un aumento della metratura di perforazione e un supporto operativo potenziato per le operazioni invernali. Il CEO Jeremy Poirier ha enfatizzato l'approccio strategico dell'azienda per accelerare gli sforzi di esplorazione a Cree East, in linea con la crescente domanda globale di soluzioni energetiche pulite.

Nexus Uranium Corp (CSE: NEXU) (OTCQB: GIDMF) ha anunciado un programa de perforación invernal ampliado en su proyecto de uranio Cree East en la cuenca de Athabasca de Saskatchewan, tras un exitoso financiamiento de colocación privada de 2,08 millones de dólares. El proyecto, que se extiende por más de 57,000 hectáreas, es uno de los mayores proyectos de exploración de la región, con gastos históricos que superan los 20 millones de dólares.

El programa ampliado se enfocará en zonas de alta prioridad identificadas a través de perforaciones históricas y estudios geofísicos reinterpretados, contando con un aumento en la metrificación de perforación y un mejor apoyo operativo para las operaciones invernales. El CEO Jeremy Poirier enfatizó el enfoque estratégico de la empresa para acelerar los esfuerzos de exploración en Cree East, lo que se alinea con la creciente demanda global de soluciones energéticas limpias.

Nexus Uranium Corp (CSE: NEXU) (OTCQB: GIDMF)는 사스카체완주 아사바스카 분지에 위치한 Cree East 우라늄 프로젝트에 대한 확장된 겨울 드릴 프로그램을 발표했습니다. 이는 208만 달러 규모의 성공적인 사모 펀딩을 뒤따른 것입니다. 이 프로젝트는 57,000 헥타르 이상에 걸쳐 있으며, 역사적 지출이 2천만 달러를 초과하는 지역 최대의 탐사 프로젝트 중 하나입니다.

확장된 프로그램은 역사적인 시추와 재해석된 지구 물리학 조사를 통해 식별된 고우선 순위 지역을 목표로 하며, 시추 공정의 메트릭을 증가시키고 겨울 작업을 위한 운영 지원을 강화할 예정입니다. CEO 제레미 포리에는 Cree East에서 탐사 노력을 가속화하기 위한 회사의 전략적 접근을 강조하며, 이는 깨끗한 에너지 솔루션에 대한 세계적인 수요 증가와 일치한다고 밝혔습니다.

Nexus Uranium Corp (CSE: NEXU) (OTCQB: GIDMF) a annoncé un programme de forage hivernal élargi pour son projet d'uranium Cree East dans le bassin d'Athabasca en Saskatchewan, suite à un financement par placement privé réussi de 2,08 millions de dollars. Le projet s'étend sur plus de 57 000 hectares, ce qui en fait l'un des plus grands projets d'exploration de la région, avec des dépenses historiques dépassant les 20 millions de dollars.

Le programme élargi ciblera des zones prioritaires identifiées grâce à des forages historiques et des études géophysiques réinterprétées, avec une augmentation de la métrique de forage et un soutien opérationnel renforcé pour les opérations hivernales. Le PDG Jeremy Poirier a souligné l'approche stratégique de l'entreprise pour accélérer les efforts d'exploration à Cree East, en phase avec la demande mondiale croissante de solutions énergétiques propres.

Nexus Uranium Corp (CSE: NEXU) (OTCQB: GIDMF) hat ein erweitertes Winterbohrprogramm für sein Cree East Uranprojekt im Athabasca Becken in Saskatchewan angekündigt, nach einer erfolgreichen Privatplatzierungsfinanzierung in Höhe von 2,08 Millionen Dollar. Das Projekt erstreckt sich über mehr als 57.000 Hektar und ist eines der größten Explorationsprojekte der Region mit historischen Ausgaben von über 20 Millionen Dollar.

Das erweiterte Programm wird sich auf hochpriorisierte Zonen konzentrieren, die durch historische Bohrungen und neu interpretierte geophysikalische Studien identifiziert wurden, und wird eine erhöhte Bohrmeterzahl sowie verbesserte operative Unterstützung für Wintereinsätze umfassen. CEO Jeremy Poirier betonte den strategischen Ansatz des Unternehmens zur Beschleunigung der Erkundungsmaßnahmen in Cree East, der mit der wachsenden weltweiten Nachfrage nach sauberen Energielösungen übereinstimmt.

Positive
  • Successfully raised $2.08 million through private placement financing
  • Project spans 57,000 hectares, making it one of the largest in the region
  • Historical investment of over $20 million in the project
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - December 16, 2024) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) (the "Company" or "Nexus") is pleased to announce the launch of an expanded winter drill program at its flagship Cree East uranium project located in the Athabasca Basin, Saskatchewan. This expansion follows the recent successful closing of a $2.08 million private placement financing.

The expanded program will focus on advancing exploration at identified high-priority zones within the project area. Covering over 57,000 hectares, Cree East is one of the largest exploration projects in the region, with historical expenditures exceeding $20 million.

Program Details:

  • Targeting high-priority zones based on historical drilling and reinterpreted geophysical surveys.

  • Increased drill meterage to accelerate resource evaluation.

  • Enhanced operational support for the winter season to maximize efficiency and safety.

"The expanded winter drill program at Cree East underscores our focus on advancing exploration efforts in a measured and strategic manner," said Jeremy Poirier, CEO of Nexus Uranium. "With the support of our recent financing, we're advancing exploration at an accelerated pace, aiming to unlock the exceptional potential of Cree East. This project exemplifies our commitment to driving critical mineral development in Canada, positioning Nexus as a leader in the uranium sector."

The Cree East project remains a cornerstone of Nexus' exploration portfolio, strategically aligned with the growing global demand for clean energy solutions. The Company is committed to contributing to a sustainable energy future while delivering value to shareholders through strategic project development.

About Nexus Uranium Corp.

Nexus Uranium Corp. is a multi-commodity development company focused on advancing the Cree East uranium project in the Athabasca Basin in addition to its precious metals portfolio that includes the Napoleon gold project in British Columbia and a package of gold claims in the Yukon. The Cree East project is one of the largest projects within the Athabasca Basin of Saskatchewan spanning 57,752 hectares (142,708 acres) and has seen over $20 million in exploration to date. The Napoleon project comprises over 1,000 hectares and prospective for multiple forms of gold mineralization, with exploration in the area dating back to the 1970s with the discovery of high-grade gold. The Yukon gold projects are comprised of almost 8,000 hectares of quartz claims prospective for high-grade gold mineralization with historical grab sampling highlights of 144 g/t gold.

The technical content of this news release has been reviewed and approved by Warren D. Robb, P.Geo. (BC), a Director and VP Exploration of Nexus Uranium Corp. and a Qualified Person under National Instrument 43-101.

--

FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier
Chief Executive Officer
info@nexusuranium.com

This news release includes certain statements and information that may constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to, any planned exploration at the Cree East Project. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including, but not limited to the assumption that the Company will be successful in completing the expanded winter drill program at the Cree East Project. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company's most recently filed management's discussion & analysis.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233806

FAQ

What is the size of Nexus Uranium's (GIDMF) Cree East project in Saskatchewan?

The Cree East project covers over 57,000 hectares, making it one of the largest exploration projects in the Athabasca Basin region.

How much did Nexus Uranium (GIDMF) raise in their recent private placement?

Nexus Uranium raised $2.08 million through their recent private placement financing.

What is the total historical investment in the Cree East uranium project?

Historical expenditures at the Cree East project exceed $20 million.

What are the main objectives of GIDMF's expanded winter drill program at Cree East?

The program aims to target high-priority zones based on historical drilling and reinterpreted geophysical surveys, with increased drill meterage to accelerate resource evaluation.

NEXUS URANIUM CORP

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