NEXUS URANIUM CORP - GIDMF STOCK NEWS

Nexus Uranium Corp. announces an increase in ownership of the Independence gold project in Nevada to 51.11% by diluting Americas Gold Exploration Inc. The project is seen as a low-cost, de-risked opportunity due to water rights and high gold prices.

Nexus Uranium Corp. grants 1,000,000 stock options to directors, officers, and consultants, exercisable at $0.55 per share for five years. Options have a one-year vesting period, with 25% vesting on August 1, 2024, and 25% every three months thereafter.

Nexus Uranium Corp. announced the completion of a private placement, raising $1.2 million through the issuance of 2,400,000 units at $0.50 per unit. Each unit includes a common share and a warrant exercisable at $0.60 until April 30, 2026. The company paid $61,600 and issued 130,200 warrants to finders. The proceeds will be used for option agreements, exploration work, and general corporate purposes.

Nexus Uranium Corp provides an update on the Cree East uranium project in Saskatchewan, Canada. The company has submitted a permit application for a three-year exploration program, engaging Condor Consulting Inc for geophysical studies. The CEO anticipates finalizing high-priority drilling targets.

Nexus Uranium Corp. secures water rights for its Independence gold project in Nevada, a significant step towards mine development. The approval covers the Independence Project and adjacent Section 17, exceeding water requirements for operations. CEO Jeremy Poirier highlights the milestone's importance amidst record gold prices, aiming to enhance asset value and attract potential buyers.

Nexus Uranium Corp. is exploring strategic alternatives for its Independence Gold Project in Nevada due to the undervaluation of the project despite the soaring gold prices. The Company is considering options like a spin-out or an outright sale to unlock shareholder value. The Independence project boasts a NPV5% of US$60M and IRR of 36% at a gold price of US$2,125 per ounce, lower than the current spot price of over US$2,240 per ounce. With an M&I resource of 334,300 ounces of gold and an inferred resource of 847,000 ounces, the project has significant potential. The Company has also renewed its marketing services agreement with MIC Market Information & Content Publishing GmbH to enhance investor awareness through online platforms.

Nexus Uranium Corp. appoints Mr. Benjamin Asuncion to enhance business development efforts for the Cree East project, aiming to leverage past exploration insights for new discoveries in the western Athabasca Basin.

Nexus Uranium Corp. (GIDMF) enters into an Option Agreement with CanAlaska Uranium for a 75%-interest in the Cree East uranium project in Saskatchewan, Canada. The project is strategically located in the Athabasca Basin and aims to host high-grade uranium mineralization. Nexus plans an aggressive exploration program after securing the option. The exploration target includes sandstone- or basement-hosted unconformity-type uranium deposits similar to neighboring mines. The Project has a rich history of exploration with significant drilling and geophysical surveys. Nexus can acquire the interest through staged cash, share, and work commitments. The Option Agreement is subject to CSE approval and includes joint venture arrangements based on Nexus' progress. Nexus also agrees to issue common shares as a finder's fee.

Nexus Uranium Corp. acquires historical data set for Wray Mesa uranium project in Utah, USA, accelerating exploration and resource estimation. The Company renews marketing agreement with Sideways Frequency LLC for investor awareness services.