Nexus Uranium and Basin Uranium Complete Arrangement Transaction
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 Corp. (OTCQB: GIDMF) ha completato l'acquisizione di Basin Uranium Corp. mediante un accordo autorizzato dal tribunale. Secondo l'accordo, Nexus ha emesso 29.999.982 azioni agli azionisti di Basin con un rapporto di scambio di 1,1 azioni Nexus per ogni azione Basin, rappresentando circa il 41% di proprietà per gli ex azionisti di Basin.
L'operazione crea una società di esplorazione dell'uranio incentrata sull'America del Nord con un portafoglio di sei progetti uraniferi, tra cui Cree East e Mann Lake nella Athabasca Basin della Saskatchewan, e quattro progetti negli Stati Uniti, incluso il progetto Chord a fase di risorse in South Dakota. Nell'ambito dell'accordo, gli azionisti di Basin hanno ricevuto azioni in Blade Resources Inc., una società spin-out focalizzata su progetti aurei in British Columbia e Yukon.
[Creazione di una maggiore azienda esplorativa di uranio con 6 progetti strategici in Nord America, Miglioramento della presenza sul mercato con un migliore accesso al capitale e una struttura patrimoniale più solida, Posizionamento strategico per beneficiare delle iniziative del Governo federale statunitense a sostegno della produzione domestica di uranio, Base azionisti più ampia e liquidità migliorata]
Nexus Uranium Corp. (OTCQB: GIDMF) ha completado la adquisición de Basin Uranium Corp. mediante un acuerdo aprobado por un tribunal. Bajo el acuerdo, Nexus emitió 29,999,982 acciones a los accionistas de Basin a una ratio de canje de 1,1 acción de Nexus por cada acción de Basin, representando aproximadamente el 41% de propiedad para los antiguos accionistas de Basin.
La transacción crea una compañía de exploración de uranio centrada en Norteamérica con un portafolio de seis proyectos de uranio, incluyendo Cree East y Mann Lake en la Athabasca Basin de Saskatchewan, y cuatro proyectos en EE. UU., incluyendo el proyecto de recursosChcord en South Dakota. Como parte del acuerdo, los accionistas de Basin recibieron acciones en Blade Resources Inc., una empresa derivada centrada en proyectos de oro en British Columbia y Yukon.
[Creación de una empresa de exploración de uranio más grande con 6 proyectos estratégicos en Norteamérica, Mayor presencia en el mercado con mejor acceso a capital y una posición financiera más sólida, Desempeño estratégico para beneficiarse de iniciativas del Gobierno Federal de EE. UU. que apoyan la producción de uranio doméstico, Base de accionistas más amplia y mayor liquidez]
Nexus Uranium Corp. (OTCQB: GIDMF)가 Basin Uranium Corp.를 법원 승인 절차를 통해 인수했습니다. 계약에 따라 Nexus는 Basin 주주들에게 29,999,982주를 1.1 Nexus 주식당 Basin 주식 1주의 교환 비율로 발행했으며, 이는 전 Basin 주주들에게 대략 41%의 소유 지분을 나타냅니다.
거래는 북미 중심의 우라늄 탐사 회사로의 6개 우라늄 프로젝트 포트폴리오를 가진 회사로의 전환을 가져오며, Saskatchewan의 Athabasca Basin에 있는 Cree East 및 Mann Lake 프로젝트와 미국 내 4개 프로젝트 중 자원 단계의 Chord 프로젝트(남다코타주 포함)를 포함합니다. 합의의 일환으로 Basin 주주들은 Blade Resources Inc.의 주식도 받았으며, 이 회사는 브리티시컬럼비아 및 유콘에 있는 금 프로젝트에 주력하는 스핀아웃 회사입니다.
[북미 전역에 6개의 전략적 프로젝트를 가진 더 큰 우라늄 탐사 회사의 설립, 자본 접근성 개선 및 재무 구조 강화로 시장 존재감 확대, 미국 연방 정부의 국내 우라늄 생산 지원 정책으로 혜택을 누릴 전략적 위치, 주주 기반 확대 및 유동성 개선]
Nexus Uranium Corp. (OTCQB: GIDMF) a finalisé l’acquisition de Basin Uranium Corp. par le biais d’un accord approuvé par le tribunal. Selon l’accord, Nexus a émis 29 999 982 actions aux actionnaires de Basin avec un taux d’échange de 1,1 action Nexus pour chaque action Basin, ce qui représente environ 41% de propriété pour les anciens actionnaires de Basin.
La transaction crée une entreprise d’exploration d’uranium axée sur l’Amérique du Nord avec un portefeuille de six projets d’uranium, dont Cree East et Mann Lake dans la Athabasca Basin, Saskatchewan, et quatre projets américains, y compris le projet Chord à l’étape des ressources dans le Dakota du Sud. Dans le cadre de l’accord, les actionnaires de Basin ont reçu des actions de Blade Resources Inc., une société de spin-out axée sur des projets aurifères en Colombie-Britannique et au Yukon.
[Création d’une société d’exploration de l’uranium plus grande avec 6 projets stratégiques en Amérique du Nord, Amélioration de la présence sur le marché avec un meilleur accès au capital et une meilleure solidité financière, Positionnement stratégique pour bénéficier des initiatives du gouvernement fédéral américain en faveur de la production d’uranium domestique, Base d’actionnaires plus large et liquidité accrue]
Nexus Uranium Corp. (OTCQB: GIDMF) hat die Übernahme von Basin Uranium Corp. durch eine gerichtlich genehmigte Vereinbarung abgeschlossen. Gemäß dem Deal hat Nexus 29.999.982 Aktien an die Basin-Aktionäre zu einem Austauschverhältnis von 1,1 Nexus-Aktien pro Basin-Aktie ausgegeben, was etwa 41% Eigentum für die früheren Basin-Aktionäre bedeutet.
Die Transaktion schafft ein auf Nordamerika fokussiertes Uran-Erkundungsunternehmen mit einem Portfolio von sechs Uran-Projekten, darunter Cree East und Mann Lake in der Athabasca Basin, Saskatchewan, sowie vier US-Projekte, einschließlich des Ressourcen-stadiums des Chord-Projekts in South Dakota. Im Rahmen der Vereinbarung erhielten Basin-Aktionäre Anteile an Blade Resources Inc., eine Spin-out-Gesellschaft, die sich auf Goldprojekte in British Columbia und Yukon konzentriert.
[Schaffung eines größeren Uran-Erkundungsunternehmens mit 6 strategischen Projekten in Nordamerika, Stärkere Marktpräsenz mit verbessertem Kapitalzugang und soliderer Bilanz, Strategische Positionierung zur Nutzung US-Bundesinitiativen zur Förderung der heimischen Uranproduktion, Breiteres Aktionärsgrundlage und verbesserte Liquidität]
Nexus Uranium Corp. (OTCQB: GIDMF) أكملت الاستحواذ على Basin Uranium Corp. من خلال ترتيب معتمد من المحكمة. وفق الصفقة، أصدرة Nexus 29,999,982 سهماً لمساهمي Basin بمعدل تبادل 1.1 سهم Nexus مقابل كل سهم Basin، ما يمثل نحو 41% من الملكية للمساهمين السابقين لـ Basin.
تخلق الصفقة شركة استكشاف يورانيوم تتركز في أمريكا الشمالية مع محفظة من ستة مشاريع يورانيوم، بما في ذلك مشروعي Cree East و Mann Lake في حوض Athabasca بساسكاتشوان، وأربعة مشاريع في الولايات المتحدة بما في ذلك مشروع Chord عند مرحلة الموارد في داكوتا الجنوبية. كجزء من الترتيب، حصل مساهمو Basin على أسهم في Blade Resources Inc.، وهي شركة تجريد (سبين-اوت) تركز على مشاريع ذهبية في كولومبيا البريطانية وويلونغ.
[إنشاء شركة استكشاف يورانيوم أكبر مع 6 مشاريع استراتيجية عبر أمريكا الشمالية، تعزيز الوجود في السوق بفضل وصول أفضل إلى رأس المال وميزانية أقوى، وضع استراتيجي للاستفادة من مبادرات الحكومة الأمريكية الفيدرالية التي تدعم الإنتاج المحلي لليورانيوم، توسيع قاعدة المساهمين وتحسين السيولة]
Nexus Uranium Corp.（OTCQB：GIDMF） 已经通过法院批准的安排完成对 Basin Uranium Corp. 的收购。根据协议，Nexus 向 Basin 股东发行 29,999,982 股，换股比率为 1.1 股 Nexus 换取 1 股 Basin，约占前 Basin 股东的 41% 所有权。
此次交易将公司打造为一个以北美为重点的铀勘探公司，拥有 六个铀矿项目 的投资组合，其中包括位于萨斯喀彻温省 Athabasca Basin 的 Cree East 和 Mann Lake 项目，以及位于美国的四个项目，其中资源阶段的 Chord 项目位于南达科他州。作为协议的一部分，Basin 股东还获得了 Blade Resources Inc. 的股份，这是一家专注于不列颠哥伦比亚省和育空地区金矿项目的分拆公司。
[在北美拥有 6 个战略性项目的更大全球铀勘探公司、借助更好的资本获取渠道与更强的资产负债表提升市场地位、借助美国联邦政府支持本国产铀生产的举措实现战略定位、扩大股东基础并提高流动性]
- None.
- Significant share dilution with 29,999,982 new Nexus shares issued
- Integration risks associated with combining two companies and their assets
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: 3H1) ("Nexus") and Basin Uranium Corp. ("Basin") are pleased to announce that Nexus has completed the acquisition of all the issued and outstanding common shares of Basin (the "Basin Shares") as previously announced on June 26, 2025. Under the terms of the court approved plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"), 29,999,982 common shares of Nexus (the "Nexus Shares") are being issued to former Basin shareholders, representing approximately 1.1 Nexus Shares for each Basin Share (the "Exchange Ratio"). Each outstanding stock option to acquire Basin Shares was exchanged for a stock option to acquire Nexus Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio. Further, each outstanding warrant to acquire Basin Shares will entitle the holder thereof to receive, upon the exercise thereof, approximately 1.1 of a Nexus Share at a price adjusted in accordance with the Exchange Ratio, and otherwise on the same terms and conditions of the original warrant.
The Arrangement was approved by Basin shareholders at an annual general and special meeting held on September 4, 2025. On September 9, 2025, the Supreme Court of British Columbia issued the final order to approve the Arrangement. For additional details regarding the Arrangement, see Basin's management information circular dated August 1, 2025, a copy of which can be found under Basin's profile on SEDAR+ at www.sedarplus.ca.
In connection with the Arrangement, Michael Blady, CEO of Basin, has been appointed to the board of directors of Nexus.
Arrangement Highlights:
North American Focused Exploration & Development Company with a portfolio of six uranium projects including the Cree East and Mann Lake projects located in the high-grade Athabasca Basin of Saskatchewan, and four potentially ISR-amenable US projects underscored by the resource-stage Chord uranium project in South Dakota.
Improved Access to Capital, Stronger Balance Sheet and improved liquidity with a more diversified shareholder base and enhanced market capitalization.
Benefits from recent North American (N.A.) Uranium Market Developments including US Federal Government initiatives to boost US and N.A. uranium production, increased SMR certifications and deployments, and power demand which has corresponded with the strengthening of both short- and long-term uranium spot prices.
Jeremy Poirier, CEO of Nexus, commented, "Completing the arrangement brings our teams and capital together under a U.S.-centric uranium platform anchored by the resource-stage Chord project in South Dakota. With a broader shareholder base and stronger balance sheet, we're focused on advancing priority U.S. work programs and delivering disciplined, value-accretive milestones."
Mike Blady, CEO, Basin Uranium (now Director, Nexus Uranium), further added, "This transaction gives Basin shareholders ownership in a larger, more liquid vehicle while preserving additional upside through the Blade spin-out. I look forward to supporting Nexus at the board level as we progress the combined U.S. portfolio in a constructive uranium market."
Following the Arrangement, former Basin shareholders hold approximately
The Basin Shares will be delisted from the Canadian Securities Exchange (the "CSE") effective September 16, 2025, and Basin will apply to the relevant Canadian securities regulatory authorities to cease to be a reporting issuer under applicable Canadian securities laws.
Spinout and Blade Resources Inc.
In addition, as part of the Arrangement, Basin shareholders received 3,000,000 common shares ("SpinCo Shares") of a subsidiary of Basin, Blade Resources Inc. ("Blade") on the basis of approximately 0.11 of a SpinCo Share for every Basin Share held. In exchange for the SpinCo Shares, Basin transferred its option to acquire an up to
Blade also issued 2,000,000 SpinCo Shares to Nexus in exchange for Nexus' transfer of: (i) the Napoleon gold project, comprised on 1,281 hectares in the Kamloops Mining Division in British Columbia; and (ii)
Blade became a reporting issuer in British Columbia, Alberta, and Ontario as a result of the Arrangement. Blade intends to list the SpinCo Shares on a Canadian stock exchange in the near future.
Letter of Transmittal
Registered Basin shareholders should send their completed and executed letters of transmittal and their Basin share certificates to the depository, Endeavor Trust Corporation, as soon as possible in order to receive the consideration, being the Nexus Shares and SpinCo Shares to which they are entitled under the Arrangement. Non-registered Basin shareholders who hold shares through a broker or another intermediary should follow the instructions provided to them by their broker or such other intermediary. A copy of the letter of transmittal is available on SEDAR+ at www.sedarplus.ca under Basin's profile.
None of the securities to be issued pursuant to the Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issuable in the Transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
About Nexus Uranium Corp.
Nexus Uranium Corp. is a multi-commodity development company focused on advancing the Cree East uranium project in the Athabasca Basin in addition to its precious metals portfolio that includes the Napoleon gold project in British Columbia and a package of gold claims in the Yukon. The Cree East project is one of the largest projects within the Athabasca Basin of Saskatchewan spanning 57,752 hectares (142,708 acres) and has seen over
About Basin Uranium Corp.
Basin is a Canadian junior exploration company focused on mineral exploration and development in the green energy sector. The company has five advanced-stage uranium projects located in the United States, namely the Chord and Wolf Canyon projects in South Dakota, the South Pass and Great Divide Basin projects in Wyoming, and the Wray Mesa project in Utah. All five projects have seen extensive historical exploration and located in prospective development areas. The company also has the Mann Lake uranium project, located in the world-class Athabasca basin of Northern Saskatchewan, Canada, in addition to the CHG gold project in south-central British Columbia. Additional information on Basin can be found on its website www.basinuranium.ca and on its SEDAR+ profile at www.sedarplus.ca.
On Behalf of the Nexus Board
Jeremy Poirier
Chief Executive Officer
info@nexusuranium.com
On Behalf of the Basin Board
Mike Blady
Chief Executive Officer
info@basinuranium.ca
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward-looking statements or information may relate to the expected timing for delisting of the Basin Shares, expectations regarding the application for Basin to cease to be a reporting issuer, Blade pursuing listing of the SpinCo Shares on a Canadian stock exchange, as well as Nexus' ongoing business plan, exploration and work program.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although Nexus and Basin have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Such statements represent the current views of Nexus and Basin with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Nexus and Basin, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: changes to Nexus and/or Basin's current and future business plans and the strategic alternatives available thereto; and regulatory determinations and delays. Other factors which could materially affect such forward-looking information are described in each of Nexus and Basin's management discussion and analysis and financial statements for each of the companies most recent fiscal year end and in Nexus and Basin's other filings with the Canadian securities regulators which are available under their respective profiles on SEDAR+ at www.sedarplus.ca. Nexus and Basin do not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266607
FAQ
What is the exchange ratio in the Nexus Uranium and Basin Uranium merger?
How many uranium projects does GIDMF now control after the Basin acquisition?
What percentage of Nexus Uranium do former Basin shareholders now own?
What is the Blade Resources spinout in the Nexus-Basin transaction?
When will Basin Uranium shares be delisted from the CSE?
