NEXUS URANIUM CORP - GIDMF STOCK NEWS

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.

Nexus Uranium Corp. has entered into a letter of intent with CanAlaska Uranium Ltd. to acquire a 75% interest in the Cree East uranium project. The project, located in the Athabasca Basin of Saskatchewan, Canada, has seen extensive exploration and has the potential for high-grade uranium mineralization. The transaction terms include staged cash, share, and work commitments, subject to due diligence and approval from the Canadian Securities Exchange.

Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) finalizes Phase 1 Drill Program at Wray Mesa uranium project in Utah, engaging Harrison Land Services LLC for a 3,600 feet drill program. Initial focus on Dylan target area, with historical drilling highlights of 0.94% eU3O8, 0.98% eU3O8, and 0.52% eU3O8. The Wray Mesa project comprises 6,282 acres with extensive historical exploration dating back to the 1980s, outlining four principal mineralized zones: Dylan, Ajax, Whiskey, and Carlin.

Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) announces receipt of permits for an exploration drill program at its Wray Mesa uranium project in Utah. The initial Phase 1 drill program is planned for a total of up to 10 holes, with a focus on confirming high-grade historical drill results and extending known zones of mineralization. The project covers 6,282 acres and has seen extensive historical exploration dating back to the 1980s. The company has also engaged Resultz Ventures Inc. and Sideways Frequency LLC for capital markets advisory, corporate development, marketing, and investor awareness services.

Golden Independence Mining Corp. (CSE: IGLD) (OTCQB: GIDMF) (FSE: 6NNA) announces a proposed name change to 'Nexus Uranium Corp.' to reflect a shift towards clean energy fuels, such as uranium. The company's focus on its uranium and precious metals portfolio, including the Wray Mesa uranium-vanadium project in Utah, is highlighted, along with potential future acquisitions in the uranium space. The strategic shift comes as a result of extensive evaluation of opportunities to drive shareholder value, with the current market fundamentals for uranium and gold assets factoring into the decision.