Nexus Uranium Congratulates enCore Energy on Landmark Federal Regulatory Approvals Advancing ISR Uranium in South Dakota

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Vancouver, British Columbia--(Newsfile Corp. - June 29, 2026) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7) ("Nexus" or the "Company") is pleased to congratulate enCore Energy Corp. ("enCore") on two major federal regulatory milestones at the Dewey Burdock Uranium Project in Southwest South Dakota: a Bureau of Land Management ("BLM") authorisation to begin infrastructure construction issued June 18, 2026, and a Nuclear Regulatory Commission ("NRC") Environmental Assessment and Finding of No Significant Impact ("FONSI") supporting the 20-year renewal of Dewey Burdock's Source Materials Licence issued June 22, 2026. Nexus holds the Chord uranium project in Fall River County, South Dakota, located within five miles of the Dewey Burdock project area in the Edgemont Uranium District - a region that has not seen uranium production since the early 1980s and where no ISR uranium operation has ever been conducted.Jeremy Poirier, Chief Executive Officer of Nexus Uranium, commented: "We congratulate the enCore Energy team on receipt of both BLM construction authorisation and a positive NRC environmental assessment at Dewey Burdock. These two federal approvals, issued within days of one another, represent a major step forward for ISR uranium development in South Dakota. Chord is located approximately five miles from the Dewey Burdock Project, and we view these developments as encouraging context for the district."Federal Regulatory Milestones at Dewey BurdockOn June 18, 2026, the BLM issued final authorisation permitting enCore's subsidiary, Powertech Inc., to begin construction of primary and secondary access roads, groundwater monitoring wells, and overhead power lines on approximately 240 acres of BLM-managed public land within the 10,580-acre Dewey Burdock project area. The authorisation followed completion of an Environmental Assessment and Finding of No Significant Impact under the National Environmental Policy Act[1]. The Dewey Burdock Project is enrolled in the US federal Fast-41 permitting programme.On June 22, 2026, the NRC issued an Environmental Assessment and FONSI in connection with the 20-year renewal of enCore's Source Materials Licence at Dewey Burdock, indicating the NRC will renew the licence upon enCore demonstrating continued compliance with requirements for constructing and operating an In-Situ Recovery ("ISR") facility[2]. The NRC...

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