Nexus Uranium Sells Independence Stake, Funds Exploration

Golden Independence Mining (TSE:NEXU) has released an update.

Nexus Uranium Corp. has entered into an agreement to sell its majority stake in the Nevada-based Independence project for C$1.2 million, with a non-refundable deposit already paid and final closing expected by October 3, 2024. Proceeds from the sale will boost the company’s uranium projects, particularly enhancing the exploration program at Cree East in the Athabasca Basin. This strategic move positions Nexus as a leading player in uranium exploration, with the sale aiding in the funding of an extensive drilling program.

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