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Golden Independence Mining ( (TSE:NEXU) ) has provided an announcement.
Nexus Uranium Corp. has completed the acquisition of Basin Uranium Corp., issuing 29,999,982 common shares to former Basin shareholders. This strategic move enhances Nexus’s position as a North American-focused exploration and development company with a diversified portfolio of uranium projects, including key assets in the Athabasca Basin and the U.S. The transaction is expected to improve Nexus’s access to capital, strengthen its balance sheet, and benefit from favorable market conditions in the North American uranium sector. Former Basin shareholders now hold approximately 41% of Nexus’s shares, and the arrangement includes a spinout of Blade Resources Inc., which will focus on gold projects in British Columbia.
More about Golden Independence Mining
Average Trading Volume: 72,612
Technical Sentiment Signal: Sell
Current Market Cap: C$3.87M
Learn more about NEXU stock on TipRanks’ Stock Analysis page.