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. (GIDMF) delivers critical updates through this dedicated news hub, offering stakeholders centralized access to operational developments across its uranium and precious metals projects. Investors gain timely insights into exploration progress, strategic partnerships, and technical advancements in key assets like the Cree East uranium project.
This resource provides essential updates including permit approvals, drilling results, geophysical survey interpretations, and joint venture announcements. Users will find detailed reports on resource evaluation methodologies and infrastructure developments that shape the company's multi-commodity exploration strategy.
Content spans project milestones from Saskatchewan's Athabasca Basin to precious metals initiatives in Utah and Yukon. Regular updates cover diamond drilling campaigns, historical data reinterpretations, and non-core asset monetization efforts that fund priority exploration programs.
Bookmark this page for streamlined tracking of Nexus Uranium's operational advancements and corporate developments. Visit regularly to stay informed about geological discoveries, partnership formations, and exploration technology implementations driving the company's growth in mineral resource sectors.
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.
Nexus Uranium (OTCQB: GIDMF) announced a proposed share consolidation on a 1-for-10 basis effective after CSE acceptance and issuance of new CUSIP/ISIN numbers.
The company currently has 72,963,884 common shares outstanding and expects approximately 7,296,388 shares outstanding on a post-consolidation basis. The name and stock symbol will remain unchanged.
No fractional shares will be issued: fractions less than 0.5 will be cancelled and fractions of at least 0.5 will be rounded up to one whole share. Exercise prices and quantities of outstanding convertible securities, including options and warrants, will be adjusted according to the consolidation ratio. The post-consolidation trading date will be announced later in consultation with the Canadian Securities Exchange.
Nexus Uranium Corp. (OTCQB: GIDMF) provided an update on the permitting progress for its Chord Uranium Project in South Dakota. The company is pursuing dual permitting pathways: state lands under South Dakota DANR and federal lands under USFS.
Key developments include: state hearing scheduled for January 2026, federal Plan of Operations accepted, and an MOU established with USFS. The project spans 3,640 contiguous acres near Edgemont, combining 147 unpatented lode claims and state mineral lease. The federal program proposes up to 17 drill holes with 1.4 acres of surface disturbance.
Additionally, Nexus completed its acquisition of Basin Uranium Corp. on September 16, 2025, while the Cree East project in Saskatchewan has reverted to CanAlaska Uranium Ltd.
Nexus Uranium Corp. (OTCQB: GIDMF) has completed the acquisition of Basin Uranium Corp. through a court-approved arrangement. Under the deal, Nexus issued 29,999,982 shares to Basin shareholders at an exchange ratio of 1.1 Nexus shares for each Basin share, representing approximately 41% ownership for former Basin shareholders.
The transaction creates a North American-focused uranium exploration company with a portfolio of six uranium projects, including the Cree East and Mann Lake projects in Saskatchewan's Athabasca Basin, and four US projects including the resource-stage Chord project in South Dakota. As part of the arrangement, Basin shareholders received shares in Blade Resources Inc., a spin-out company focused on gold projects in British Columbia and Yukon.
[ "Creation of a larger uranium exploration company with 6 strategic projects across North America", "Enhanced market presence with improved access to capital and stronger balance sheet", "Strategic positioning to benefit from US Federal Government initiatives supporting domestic uranium production", "Broader shareholder base and improved liquidity" ]Nexus Uranium (OTCQB: GIDMF) has reported assay results from its 2025 winter drill program at the Cree East Project in Saskatchewan's Athabasca Basin. The program's key achievement was identifying a 450-metre-long prospective structural corridor within Area B, with one of five unconformity drill tests intersecting uranium mineralization.
Drill hole CRE094 revealed multiple uranium intersections, with the highest grade being 0.066% U₃O₈ over 0.3m. The program also detected elevated levels of pathfinder elements including copper, nickel, cobalt, and thorium, indicating a potentially fertile mineralizing system. All samples were analyzed at the Saskatchewan Research Council Geoanalytical Laboratories following strict QA/QC protocols.
Nexus Uranium (OTCQB: GIDMF) and Basin Uranium have announced a merger agreement to create a North American-focused uranium exploration company. Under the arrangement, Nexus will acquire Basin by issuing 30 million Nexus shares at a 1.1:1 exchange ratio, plus 3 million SpinCo shares, representing total consideration of $3.6 million or $0.137 per Basin share - a 10% premium.
The combined entity will control six uranium projects, including the Cree East and Mann Lake projects in Saskatchewan's Athabasca Basin, and four US projects including the resource-stage Chord Project in South Dakota with 2.75 Mlb U3O8 Inferred Resources and potential exploration target of 1.42-4.23 Mlb U3O8. The transaction is expected to close in August 2025, subject to shareholder and regulatory approvals.
Nexus Uranium has completed its 2025 winter drill program at the Cree East Project in Saskatchewan's Athabasca Basin. The program comprised seven diamond drill holes totaling 3,339 meters, with five holes successfully reaching the sandstone-basement unconformity.
Key highlights include:
- Successfully delineated a 450-meter structural corridor at Area B
- Hole CRE094 showed elevated scintillometer counts from 492.2 to 578.8 meters depth
- Five holes intersected the target unconformity, while two were abandoned due to technical issues
- Notable findings include broad sandstone fault zones, graphitic conductors, and strong alteration patterns
All drill core samples were sent to Saskatchewan Research Council Geoanalytical Laboratories for detailed analysis. The company notes that scintillometer readings above 100 cps indicate elevated radioactivity, though these measurements may not directly correlate with uranium concentrations.
Nexus Uranium (CSE: NEXU) (OTCQB: GIDMF) has reported interim drilling results from its Cree East Project in Saskatchewan's Athabasca Basin. The company completed three drill holes totaling 1,521 metres in Area B. Drill hole CRE-094 showed promising results with radiometric peaks up to 300 counts per second (cps) and significant structural disruption.
Key findings include:
- CRE-094 (587m depth) intersected unconformity at 451m, showing extensive hydrothermal alteration
- CRE-093 (581m depth) reached unconformity at 438m, confirming graphitic-pyritic fault zones
- CRE-092 was halted before target depth due to technical issues
The program confirmed the presence of targeted electromagnetic conductor and structural deformation. Drilling continues at Area B, focusing on testing additional zones up-dip from CRE-094 and along the EM conductor strike.
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