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Nexus Uranium ( (TSE:NEXU) ) has provided an announcement.
Nexus Uranium has closed the acquisition of a 100% interest in the Chord uranium project in Fall River County, South Dakota, paying US$100,000 in cash and issuing 250,000 shares, while granting the vendors a 1% net smelter returns royalty with a partial buyback option. The deal replaces a prior option agreement and gives Nexus immediate, unencumbered control over the 3,640-acre property, which is advancing through federal and state permitting, including a March hearing that represents the final step in the state process. With recent additions of the nearby Deadhorse and RC properties and existing Wolf Canyon claims, Nexus is pursuing a hub-and-spoke strategy around Chord to potentially leverage shared infrastructure and permitting, consolidating a roughly 6,380-acre land package in South Dakota and strengthening its positioning in the historic Edgemont uranium district.
More about Nexus Uranium
Nexus Uranium Corp. is a Canadian exploration company focused on uranium projects across North America. Its portfolio includes the flagship Chord, plus Wolf Canyon, Deadhorse and RC projects in South Dakota and the South Pass and Great Divide Basin projects in Wyoming, as well as the Mann Lake project in Saskatchewan’s Athabasca Basin, positioning the company as an early-stage player in key uranium districts.
Average Trading Volume: 144,548
Technical Sentiment Signal: Buy
Current Market Cap: C$30.29M
For detailed information about NEXU stock, go to TipRanks’ Stock Analysis page.