Nexus Uranium Announces Closing of Debt Settlement
Nexus Uranium Announces Closing of Debt
Settlement
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2026) -
Nexus Uranium Corp.
(CSE: NEXU)
(OTCQB: NEXUF) (FSE: JA7) (
"Nexus"
or the
"Company"
) announces that further to its news release
dated February 10, 2026, it has issued 42,408 common shares of the Company at a deemed price of
$1.91 per share to a certain arm's length creditor, pursuant to a debt settlement agreement with the
arm's length creditor to settle $81,000 in outstanding debt (the "
Debt Settlement
").
The Company completed the Debt Settlement to preserve the Company's cash for working capital and
improve its financial position by reducing its existing liabilities.
The Debt Settlement shares are subject to a four month hold period in accordance with applicable
Canadian securities laws and the policies of the Canadian Securities Exchange.
About Nexus Uranium Corp
.
Nexus Uranium is a Canadian exploration company focused on uranium projects in North America. In the
United States, the Company holds the Chord, Wolf Canyon, Deadhorse, and RC projects in South
Dakota, and the South Pass project in Wyoming. The Great Divide Basin project in Wyoming is now
under option to Canamera Energy Metals Corp. In Canada, Nexus holds the Mann Lake project in
Saskatchewan's Athabasca Basin. For more information, visit
www.nexusuranium.com
.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jeremy Poirier
Chief Executive Officer
(604) 722-9842
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of
this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/286386