Nexus Uranium Expands U.S. Portfolio With Arizona Strip Breccia Pipe Acquisition

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

Nexus Uranium Corp. has signed a definitive agreement to acquire a 100% interest in the Arizona Strip Project in Mohave County, Arizona, adding 38 BLM lode mining claims hosting seven collapse breccia pipe uranium targets in one of the U.S.’s highest-grade historic uranium districts. The project, which has seen extensive past work including geophysics, geochemistry and drilling that confirmed at least one collapse pipe, will be purchased via issuance of 2.7 million Nexus shares with no royalties attached, bolstering Nexus’s U.S. growth strategy by diversifying its asset base into high-grade breccia pipe targets pending customary closing and Canadian Securities Exchange acceptance.

The seven targets show multi-element anomalies and surface features indicative of mineralized breccia pipe systems, with SGB highlighted as the highest-priority uranium target and EM already drill-confirmed as a collapse pipe structure. By acquiring a royalty-free, drill-ready project in a premier uranium camp, Nexus strengthens its pipeline of U.S. exploration assets, potentially enhancing future production optionality and its competitive position among junior uranium explorers if subsequent work validates the historic results.

More about Nexus Uranium

Nexus Uranium Corp. is a Canada-based uranium exploration company focused on building a diversified portfolio of U.S. uranium assets. Its projects include the resource-stage Chord Project in South Dakota and, now, exploration-stage breccia pipe targets on the high-grade Arizona Strip district, positioning the company in established American uranium jurisdictions.

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