Welcome to our dedicated page for Nexus Uranium news (Ticker: GIDMF), a resource for investors and traders seeking the latest updates and insights on Nexus Uranium stock.
Nexus Uranium Corp. reports corporate developments tied to its U.S. uranium exploration portfolio, with recurring updates on the Chord Uranium Project in Fall River County, South Dakota. Company news centers on federal and state permitting, including U.S. Forest Service review, National Environmental Policy Act scoping, South Dakota mineral permitting, public hearings, and technical work supporting proposed exploration activity.
Additional updates cover portfolio and material agreements, including the Great Divide Basin uranium project in Wyoming held through Clean Nuclear Energy Corp., as well as advisory board appointments, industry association memberships, community engagement, and responsible mineral-development initiatives connected to domestic uranium resources.
Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) has announced the mobilization of crews to Cree East and the commencement of camp construction ahead of its winter drill program at its flagship uranium project in Saskatchewan's Athabasca Basin. The company has completed the winter ice access road construction, which began in December, and is currently preparing access roads to the first drill pad.
The winter drill program will utilize the MacIntyre Lake lodge facilities along with a winterized camp being constructed by Cracking River Logistics. Camp construction is expected to be completed within a week, with drilling and exploration staff arriving on site in the coming days to begin the maiden drill program, which is scheduled to run through spring and will target high-priority areas identified from previous drilling.
Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) has announced updates regarding its upcoming winter drill program at the Cree East uranium project in Saskatchewan's Athabasca Basin. The company is currently constructing ice access roads, with camp crew mobilization and construction expected in the coming week.
The drill program, scheduled to begin in late January, will initially target Area B, followed by Areas A, I, and an untested conductor trend. Historical drilling in Area B revealed significant clay alteration throughout the sandstone, with altered pyrite and uranium enrichment in the lower sandstone. The area shows extensive brecciation and faulting, resulting in over 50 metres of vertical unconformity displacement, with hydrothermal alteration extending deep into the basement rocks.
CEO Jeremy Poirier highlighted that the project has benefited from over $20 million in prior exploration investment and years of research.
Nexus Uranium Corp (CSE: NEXU) (OTCQB: GIDMF) has begun constructing a winter access road to its Cree East uranium project in Saskatchewan's Athabasca Basin. The ice road will enable efficient transportation of equipment, supplies, and personnel for the recently announced expanded winter drill program.
The project, spanning over 57,000 hectares, has received more than $20 million in exploration investment to date. The road construction demonstrates Nexus' commitment to operational excellence and infrastructure development, incorporating industry-leading safety standards and environmentally responsible practices.
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) has completed its non-brokered private placement, raising $2,082,301.20 through the issuance of 6,941,004 flow-through units at $0.30 per unit. Each unit includes one flow-through share and one warrant exercisable at $0.40 for 18 months after closing. The company paid $100,818.066 and issued 336,060 finders' warrants to certain finders. The proceeds will fund Canadian exploration expenses and flow-through critical mineral mining expenditures at the Cree East uranium project in the Athabasca Basin.
Nexus Uranium Corp (CSE: NEXU, OTCQB: GIDMF) has completed contracting activities for its upcoming winter drill program at the Cree East uranium project. The company has finalized agreements with drilling and camp service providers, including Athabasca Catering Partnership and Cyr Drilling International . The project is operated as a joint venture between CanAlaska Uranium and Nexus Uranium.
Mobilization is expected to begin in the coming weeks, with drilling scheduled to commence in early January 2025. The agreements provide flexibility to adapt based on exploration results.
Nexus Uranium Corp has announced drill targets for its upcoming winter diamond drill program at the Cree East uranium project in Saskatchewan's Athabasca Basin. The program, set to commence in January 2025, will primarily focus on Area B, which previously yielded significant results but wasn't followed up after 2012.
The project has benefited from over $20 million in prior exploration drilling from 2009 to 2012. Area B showed intense alteration zones extending from 400m depth to near surface, featuring rehealed breccia, rotated blocks, and pyrite impregnations, along with arsenic geochemical halo and uranium enrichment.
The company plans three to four holes to test the contact between the EM conductor at the unconformity, utilizing prior drilling data and geophysics reinterpretation that confirmed anomalous mineralization.
Nexus Uranium Corp (CSE: NEXU) (OTCQB: GIDMF) has appointed Drew St. Laurent to its Board of Directors. St. Laurent brings academic expertise with degrees from Thompson Rivers University and University of British Columbia, including research focus on Indigenous education access. He currently serves as a Senior Administrator and lecturer in Health Sciences at UBC since 2012. Upon appointment, St. Laurent received 150,000 stock options, exercisable at $0.26 per share over five years.
Nexus Uranium Corp (CSE: NEXU) (OTCQB: GIDMF) has provided a corporate update highlighting several key developments. The company recently monetized its Independence project interest for over C$1.2 million and is preparing for a winter drill program at the Cree East uranium project in January 2025. Nexus has engaged Canaccord Genuity Corp as financial advisor, compensating them with C$75,000 in shares. The company has also renewed its marketing agreement with MIC for EUR 250,000 and granted 1,450,000 stock options and 300,000 RSUs to directors, officers, and consultants.
Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) has announced the repricing of 2,400,000 common share purchase warrants. The warrants, originally priced at $0.60 with an expiry date of April 30, 2026, will now have an exercise price of $0.36, effective immediately. This repricing is subject to the unanimous consent of the registered warrant holders and complies with Canadian Securities Exchange (CSE) policies.
The CSE requires that if the closing price of Nexus's common shares exceeds the new exercise price by more than 25% for any ten consecutive trading days, the expiry date of the repriced warrants must be amended to 30 days from the end of that period. Nexus will announce any such change via press release, with the 30-day period commencing seven days after the announcement.