Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Nexus Uranium ( (TSE:NEXU) ) has provided an update.
Nexus Uranium Corp. has announced the acquisition of a 100% interest in the Chord uranium project in South Dakota, consolidating its land position in the southern Black Hills uranium district. This strategic move, following a recent arrangement with Basin Uranium Corp., aims to leverage the district’s history of uranium production and favorable geology for sandstone-hosted uranium mineralization. The acquisition is expected to enhance Nexus’s role in meeting America’s energy security needs, especially with uranium being designated as a critical mineral by the U.S. Government. The company plans to explore the extension of mineralization and evaluate in-situ recovery potential, with exploration and drilling anticipated to begin in early 2026.
More about Nexus Uranium
Nexus Uranium is a Canadian uranium exploration company focused on mineral exploration and development in the green energy sector. The company holds five uranium projects in the United States, including Chord and Wolf Canyon in South Dakota, South Pass and Great Divide Basin in Wyoming, and Wray Mesa in Utah. Nexus also has the Mann Lake uranium project in the Athabasca Basin of northern Saskatchewan, Canada.
Average Trading Volume: 18,243
Technical Sentiment Signal: Sell
Current Market Cap: C$12.9M
For detailed information about NEXU stock, go to TipRanks’ Stock Analysis page.