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Nexus Uranium Options Great Divide Basin Project to Canamera Energy Metals
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: JA7) ("Nexus" or the "Company") has entered into an option agreement (the "Option Agreement") with Canamera Energy Metals Corp. (CSE: EMET) ("Canamera") under which Canamera may earn up to a 90% interest in Nexus's Great Divide Basin uranium project in Wyoming.Under the terms of the Option Agreement, Canamera will fund exploration on the property and make cash and share...
About this update from Canamera Energy Metals Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: JA7) ("Nexus" or the "Company") has entered into an option agreement (the "Option Agreement") with Canamera Energy Metals Corp. (CSE: EMET) ("Canamera") under which Canamera may earn up to a 90% interest in Nexus's Great Divide Basin uranium project in Wyoming.","length":425,"tagName":"p"},{"type":"text","content":"Under the terms of the Option Agreement, Canamera will fund exploration on the property and make cash and share payments to Nexus over a four-year period. If Canamera completes all earn-in requirements, Nexus will retain a 10% carried interest in the project and receive approximately $280,000 in cash, $500,000 in Canamera shares, and benefit from $2.75 million in exploration expenditures - all without further capital outlay by Nexus.","length":437,"tagName":"p"},{"type":"text","content":""This option structure advances Great Divide Basin through a fully funded exploration program while we retain meaningful exposure to the project," said Jeremy Poirier, Chief Executive Officer. "Canamera's exploration commitment should generate the technical data needed to evaluate the property's potential, and Nexus shareholders benefit from that work without dilution."","length":400,"tagName":"p"},{"type":"text","content":"Option Agreement Terms","length":22,"tagName":"p"},{"type":"text","content":"Canamera may acquire up to a 90% interest in the Great Divide Basin project through the following earn-in structure:","length":116,"tagName":"p"},{"type":"text","content":"First Option (51% interest):","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"500,000 Canamera shares issued to Nexus within 5 days of closing;","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"$30,000 cash payment within 5 days of closing;","length":46,"tagName":"p"}]},{"val":[{"type":"text","content":"$100,000 cash payment by the 18-month anniversary;","length":50,"tagName":"p"}]},{"val":[{"type":"text","content":"$250,000 in exploration expenditures by the 18-month anniversary; and","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"An additional $500,000 in exploration expenditures by the second anniversary.","length...