Nexus Uranium Launches $10 Million ATM Offering and Updates Governance

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

Nexus Uranium has launched an at-the-market equity offering of up to $10 million through Haywood Securities, allowing it to issue shares on the Canadian Securities Exchange over time at prevailing market prices. The company plans to use the proceeds to fund exploration at its Chord and South Pass uranium projects and for general corporate purposes, including potential acquisitions.

The company also granted 700,000 deferred share units and 100,000 restricted share units to directors, officers and consultants under its equity incentive plan, with most awards vesting over one year and subject to a four-month hold period. Nexus further announced the resignation of director Jordan Carroll, effective March 19, 2026, marking a modest board change as it pursues its exploration and growth strategy.

More about Nexus Uranium

Nexus Uranium Corp. is a Canadian uranium exploration company listed on the CSE, OTCQB and FSE, with a focus on advancing its Chord Project in South Dakota and South Pass project in Wyoming. The company operates in the nuclear fuel and resource exploration sector, aiming to expand its asset base and capitalize on growing demand for uranium in North American markets.

Average Trading Volume: 130,540

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$12.9M

For detailed information about NEXU stock, go to TipRanks’ Stock Analysis page.