Welcome to our dedicated page for Nexus Uranium news (Ticker: GIDMF), a resource for investors and traders seeking the latest updates and insights on Nexus Uranium stock.
Nexus Uranium Corp. (OTCQB: GIDMF) generates news primarily around its uranium exploration and permitting activities in North America. As a Canadian uranium exploration company with projects in the United States and Canada, its updates often focus on regulatory milestones, project acquisitions or dispositions, financing events, and corporate developments connected to its portfolio.
Recent announcements highlight progress at the Chord uranium project in Fall River County, South Dakota. Nexus has reported key steps in state permitting with the South Dakota Department of Agriculture & Natural Resources and the South Dakota Board of Minerals and Environment, as well as federal permitting milestones with the U.S. Forest Service under the National Environmental Policy Act. News items describe public hearing schedules, public scoping timelines, and the completion of technical and environmental studies.
Other company news has covered transactions and partnerships affecting the broader project portfolio, such as an option agreement on the Great Divide Basin project in Wyoming with Canamera Energy Metals Corp. and an agreement to sell the Wray Mesa project in Utah. Nexus has also issued releases on corporate actions including a share consolidation on the Canadian Securities Exchange and a private placement financing intended to support permitting, drilling bonds, and corporate purposes.
Investors following GIDMF news can expect coverage of exploration plans, permitting progress, option and sale agreements, advisory board appointments, and the company’s involvement with industry associations and coalitions related to uranium and mineral development. This news feed serves as a centralized view of Nexus Uranium’s disclosed activities across its U.S. and Canadian uranium projects.
Nexus Uranium (OTCQB: GIDMF) announced the South Dakota Mineral Board has scheduled a public hearing for its Chord uranium exploration permit application on March 18-20, 2026. The hearing is described as the final step in the state permitting process required to obtain an exploration drill permit at Chord. Nexus said it began the permitting process in March 2024 and has worked with DANR, SHPO, and the South Dakota Department of Game, Fish, and Parks, submitting comprehensive environmental, wildlife, and archaeological studies. Management said it aims to advance Chord toward a spring/summer 2026 drill program pending board outcome.
Nexus Uranium (OTCQB: GIDMF) announced on January 5, 2026 that it joined the Better In Our Back Yard (BIOBY) coalition to support responsible industrial development in the United States. The membership underscores Nexus's focus on community engagement and responsible mineral development as it advances its U.S. uranium portfolio, including the Chord Project in South Dakota.
Nexus said BIOBY membership complements its pursuit of inclusion in the FAST-41 program, which offers coordinated federal permitting timetables and issue-resolution protocols; the company believes streamlined review may benefit projects tied to domestic energy security.
Nexus Uranium (OTCQB: GIDMF) announced the U.S. Forest Service will begin NEPA public scoping in mid-January 2026 for the Chord uranium project's federal lands in Fall River County, South Dakota.
Key prior milestones include Plan of Operations acceptance (Nov 2024), a Memorandum of Understanding (July 2025), and completed pre-scoping consultations. The company expects scoping to finish by mid-July 2026 under standard USFS review periods.
The proposed federal exploration plan covers up to 17 drill holes (four convertible to cased monitoring wells), a maximum depth of ~700 ft, ~1.4 acres total surface disturbance, use of existing roads, and completion within one year followed by reclamation. Project area totals ~3,640 contiguous acres near Edgemont, South Dakota.
Nexus Uranium (OTCQB:GIDMF / CSE:NEXU) entered a definitive agreement to sell its 100% interest in the Wray Mesa uranium project in San Juan County, Utah for US$105,000.
The Wray Mesa package includes 46 unpatented mining claims in the Uravan Mineral Belt and remains subject to a 1.25% net returns royalty held by a third party. Closing is expected on or before December 31, 2025, subject to customary conditions and Canadian Securities Exchange approval.
The company said the sale delivers immediate, non-dilutive capital and lets management concentrate on advancing the Chord and Great Divide projects in South Dakota toward drilling.
Nexus Uranium (OTCQB: GIDMF) appointed Jon Winter to its advisory board, effective December 1, 2025. Mr. Winter brings more than 40 years of experience in environmental permitting, regulatory affairs, and mine-site operations across North America and Central America.
The company highlighted his specific experience with uranium permitting and environmental compliance, citing his role in permitting enCore Energy's Dewey-Burdock project and hands-on work at in-situ uranium facilities. Management said Winter's permit‑securing track record with federal and state agencies will support advancement of Nexus' U.S. uranium projects through permitting and development.
Nexus Uranium (OTCQB: GIDMF) granted Canamera Energy Metals an option to earn up to a 90% interest in the Great Divide Basin uranium project in Wyoming.
Canamera must complete staged cash, share and exploration commitments over four years: approximately $280,000 cash, $500,000 in Canamera shares and $2.75 million in exploration expenditures, after which Nexus would retain a 10% carried interest and the property remains subject to a 1.25% NSR. The project comprises 104 claims (~2,080 acres) southwest of Jeffrey City in Fremont and Sweetwater counties.
Nexus Uranium (OTCQB: GIDMF) executed a purchase agreement to acquire a 100% interest in the Chord uranium project in Fall River County, South Dakota, consolidating a 3,640-acre land package.
The Chord Project hosts 2.75 Mlb U3O8 inferred at an average grade of 810 ppm over 8.5 feet (NI 43-101, Sept 2025). Consideration is US$100,000 cash plus 250,000 common shares on closing; vendors retain a 1.0% NSR (Nexus may repurchase 0.5% for US$1,000,000).
An exploration and drilling program targeting ISR potential is planned for early 2026, pending permitting and CSE acceptance of the transaction.
Nexus Uranium (OTCQB: GIDMF) has joined the South Dakota Mineral Industries Association (SDMIA) to support its expanding uranium exploration activities in South Dakota. The company controls two strategic uranium projects in the state and says the membership aligns with its commitment to responsible mineral development, environmental stewardship, and community engagement. Nexus frames the timing as relevant to U.S. efforts to strengthen domestic critical mineral supply chains, noting uranium's role in energy security and the clean energy transition.
Nexus Uranium (GIDMF) closed a fully subscribed non-brokered private placement on October 31, 2025, issuing 3,640,000 units at $0.25 per unit for aggregate gross proceeds of $910,000. Each unit includes one common share and one warrant exercisable at $0.55 until October 31, 2027, with warrants restricted from exercise until December 31, 2025. The company also issued 212,800 finder's warrants at the same $0.55 strike and added 285,000 deferred share units (DSUs) to its omnibus equity plan, vesting 25% quarterly over 12 months. Proceeds are earmarked for permitting, South Dakota relations, drilling bonds, marketing and investor relations, working capital and general corporate purposes. Securities to Canadian residents were issued under the listed issuer financing exemption (NI 45-106).
Nexus Uranium (OTCQB: GIDMF) announced a 1-for-10 share consolidation effective at the opening of trading on October 21, 2025. Post-Consolidation, issued and outstanding common shares will be reduced from 72,963,884 to approximately 7,296,386, subject to rounding.
No fractional shares will be issued; fractions ≥0.5 will be rounded up and fractions <0.5 will be rounded down, with no cash paid. Convertible securities will be proportionately adjusted.
The company name and trading symbol remain unchanged. New CUSIP: 65345P200; new ISIN: CA65345P2008. Registered shareholders with physical certificates will receive transmittal instructions from Endeavor Trust Corporation.
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