Business
Nexus Uranium Announces At-the-Market Offering of up to $10 Million and Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7) ("Nexus" or the "Company") announces the establishment of an at-the-market equity offering, the grant of deferred share units ("DSUs") and restricted share units ("RSUs") to certain directors, officers, and consultants, and the resignation of Jordan Carroll from the Company's Board of Directors.At-the-Market OfferingNexus Uranium Corp. announces that it has entered into an..
About this update from Nexus Uranium Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7) ("Nexus" or the "Company") announces the establishment of an at-the-market equity offering, the grant of deferred share units ("DSUs") and restricted share units ("RSUs") to certain directors, officers, and consultants, and the resignation of Jordan Carroll from the Company's Board of Directors.","length":463,"tagName":"p"},{"type":"text","content":"At-the-Market Offering","length":22,"tagName":"p"},{"type":"text","content":"Nexus Uranium Corp. announces that it has entered into an equity distribution agreement (the "Distribution Agreement") with Haywood Securities Inc. ("Haywood" or the "Agent"). Under the Distribution Agreement, the Company will be entitled, at its discretion and from time-to-time during the term of the Distribution Agreement, to sell, through Haywood as sole and exclusive placement agent, such number of common shares of the Company (the "Common Shares") having an aggregate offering price of up to $10,000,000 (the "ATM Offering"). Sales of the Common Shares will be made through "at-the-market distributions", as defined in National Instrument 44-102 - Shelf Distributions, directly on the Canadian Securities Exchange ("CSE") or, if any, other recognized Canadian "marketplace" within the meaning of National Instrument 21-101 - Marketplace Operations where the Common Shares are listed, quoted or otherwise traded. The volume and timing of distributions under the ATM Offering, if any, will be determined in the Company's sole discretion. The Common Shares will be distributed at market prices or prices related to prevailing market prices from time to time. As a result, prices of the Common Shares sold under the ATM Offering will vary as between purchasers and during the period of distribution. The ATM Offering will be effective until the earlier of (i) the issuance and sale of all of the Common Shares issuable pursuant to the ATM Offering and (ii) March 4, 2028, unless terminated prior to such date in accordance with the terms of the Distribution Agreement. In connection with the ATM Offering, the Agent will receive a cash commission equal to 3.0% of the gross proceeds of...