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Nexus Uranium Expands South Dakota Footprint with RC Project Acquisition

Story Highlights
  • Nexus Uranium has acquired the RC uranium project, adding 40 new claims.
  • The company’s South Dakota holdings now total about 6,380 acres, strengthening its district position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nexus Uranium Expands South Dakota Footprint with RC Project Acquisition

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Nexus Uranium ( (TSE:NEXU) ) has provided an announcement.

Nexus Uranium Corp. has expanded its land position in South Dakota with the acquisition by staking of the RC uranium project, comprising 40 unpatented lode mining claims over roughly 800 acres near its flagship Chord project in Fall River County. Together with the recently acquired Deadhorse claims, the company has added 57 claims totaling about 1,140 acres in January alone, bringing its overall South Dakota holdings to approximately 6,380 acres and further consolidating its position in the historic Edgemont uranium district, where the geological setting is considered prospective for sandstone-hosted uranium deposits similar to those that have historically produced in the region.

More about Nexus Uranium

Nexus Uranium Corp. is a Canadian exploration company focused on uranium projects across North America. Its U.S. portfolio includes the Chord, Wolf Canyon, Deadhorse and RC projects in South Dakota, as well as the South Pass and Great Divide Basin projects in Wyoming, while in Canada it holds the Mann Lake project in Saskatchewan’s Athabasca Basin, positioning the company in several historically significant uranium districts.

YTD Price Performance: 42.55%

Average Trading Volume: 127,354

Technical Sentiment Signal: Buy

Current Market Cap: C$29.31M

For a thorough assessment of NEXU stock, go to TipRanks’ Stock Analysis page.

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