Nexus Uranium Sells Wray Mesa Project to Focus on Key Assets

An update from Nexus Uranium ( (TSE:NEXU) ) is now available.

Nexus Uranium has announced the sale of its Wray Mesa uranium project in Utah for US$105,000 to a private company. This transaction provides Nexus with immediate capital, enabling the company to focus on its key projects, particularly the Chord project in South Dakota, as it prepares for drilling operations. The sale is expected to close by the end of 2025, pending regulatory approvals.

More about Nexus Uranium

Nexus Uranium is a Canadian exploration company focused on uranium projects in North America. The company holds projects in South Dakota, Wyoming, and Saskatchewan, including the Chord, Wolf Canyon, South Pass, and Mann Lake projects. Nexus is concentrating its efforts on advancing its flagship assets in the United States.

YTD Price Performance: -49.14%

Average Trading Volume: 37,789

Technical Sentiment Signal: Sell

Current Market Cap: C$16.4M

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