Business
Nexus Uranium Closes Acquisition of 100% Interest in Chord Uranium Project Ahead of March Permit Hearing
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7) ("Nexus" or the "Company") announces the closing of its previously announced acquisition of a 100% interest in the Chord uranium project (the "Chord Property"), located in Fall River County, South Dakota.Pursuant to the mineral property purchase agreement dated December 2, 2025, Nexus has acquired full ownership of the Chord Property by paying aggregate consideration of...
About this update from Nexus Uranium Corp
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7) ("Nexus" or the "Company") announces the closing of its previously announced acquisition of a 100% interest in the Chord uranium project (the "Chord Property"), located in Fall River County, South Dakota.","length":359,"tagName":"p"},{"type":"text","content":"Pursuant to the mineral property purchase agreement dated December 2, 2025, Nexus has acquired full ownership of the Chord Property by paying aggregate consideration of US$100,000 cash and issuing 250,000 common shares to the vendors. The vendors retain a 1.0% net smelter returns royalty (NSR) on future production, of which Nexus holds the right to repurchase 50% (being 0.5% NSR) for US$1,000,000 at any time prior to commencement of commercial production. The shares issued are subject to a statutory hold period of four months and one day.","length":544,"tagName":"p"},{"type":"text","content":"The acquisition replaces the Company's previous option agreement and provides Nexus with immediate full ownership of the 3,640-acre Chord Property, including State Section 36, which is currently being permitted for exploration drilling.","length":240,"tagName":"p"},{"type":"text","content":""Closing this acquisition marks an important milestone as we consolidate ownership of our flagship Chord project," said Jeremy Poirier, CEO. "With the Mineral Board hearing scheduled for March 18-20 representing the final step in our state permitting process, and our recent Deadhorse and RC acquisitions adding approximately 1,140 acres to our South Dakota land position, we have built considerable momentum heading into 2026. Full ownership of Chord positions us to advance exploration and evaluate ISR potential without encumbrance as we work toward a permitted drilling program."","length":603,"tagName":"p"},{"type":"text","content":"About the Chord Project","length":23,"tagName":"p"},{"type":"text","content":"The Chord uranium project comprises approximately 3,640 contiguous acres in Fall River County, South Dakota, in the historic Edgemont uranium district of the broader Black Hills region. The project is located approximately three miles southeast of enCore Energy's Dewey Burdock ISR uranium project.","length":302,"tagN...