Nexus Uranium Options Great Divide Basin Project to Canamera Energy Metals

Rhea-AI Summary

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.

Positive

• Fully funded exploration: $2.75M committed over four years
• Nexus to receive approximately $280,000 cash
• Nexus to receive approximately $500,000 in Canamera shares
• Nexus retains a 10% carried interest if earn-in completes
• Project comprises 104 claims (~2,080 acres) in Wyoming

Negative

• Nexus ownership reduces to 10% if Canamera completes earn-in
• Property subject to a 1.25% NSR reducing future net revenue
• Canamera may stop at any stage, leaving Nexus with smaller interest

News Market Reaction

+9.21%

1 alert

+9.21% News Effect

On the day this news was published, GIDMF gained 9.21%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Earn-in interest: Up to 90% Retained interest: 10% carried interest Cash consideration: $280,000 +5 more

8 metrics

Earn-in interest Up to 90% Maximum interest Canamera may earn in Great Divide Basin project

Retained interest 10% carried interest Nexus stake in project if all earn-in conditions are met

Cash consideration $280,000 Total cash payable to Nexus over four years on full earn-in

Share consideration $500,000 in shares Total Canamera shares payable to Nexus on full earn-in

Exploration spend $2.75 million Exploration expenditures funded by Canamera over four years

NSR royalty 1.25% net smelter royalty Royalty on the Great Divide Basin project payable to Nexus

Mining claims 104 claims (~2,080 acres) Size of Great Divide Basin project land package

Initial shares issued 500,000 shares Canamera shares issued to Nexus within 5 days of closing (First Option)

Market Reality Check

Price: $1.74 Vol: Volume 10,716 is close to...

normal vol

$1.74 Last Close

Volume Volume 10,716 is close to the 20-day average of 10,323 (relative volume 1.04x). normal

Technical Price 1.08 is trading below the 200-day MA at 1.31 and 66.37% under the 52-week high.

Peers on Argus

Peers in Other Precious Metals & Mining were mostly flat to slightly negative, w...

Peers in Other Precious Metals & Mining were mostly flat to slightly negative, with CHKKF down 0.72% and NBRI down 3%, while others were unchanged. This points to a stock-specific move for GIDMF.

Historical Context

5 past events · Latest: Dec 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 08	Project option deal	Positive	+9.2%	Optioning Great Divide Basin with funded work and retained 10% interest.
Dec 02	Project acquisition	Positive	+0.5%	Agreement to acquire 100% interest in Chord uranium project.
Nov 25	Industry association	Neutral	+0.0%	Joined South Dakota Mineral Industries Association to support exploration.
Oct 16	Share consolidation	Neutral	+10.2%	Announced effective date for 1-for-10 share consolidation.
Oct 10	Proposed consolidation	Neutral	+37.0%	Proposed 1-for-10 share consolidation and post-deal share count.

Pattern Detected

Recent corporate and asset-development news has generally coincided with stable-to-positive price reactions, including share structure changes and project transactions.

Recent Company History

Over the past few months, Nexus Uranium announced several strategic steps. On Oct 10 and Oct 16, 2025, it proposed and then implemented a 1-for-10 share consolidation, after which the stock rose following each announcement. In late November, the company joined the South Dakota Mineral Industries Association to support its U.S. uranium focus, then on Dec 2 agreed to acquire 100% of the Chord project. Today’s Great Divide Basin option continues this pattern of reshaping and expanding its uranium portfolio.

Market Pulse Summary

The stock moved +9.2% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +9.2% in the session following this news. A strong positive reaction aligns with the article’s focus on non-dilutive growth: Nexus gains exposure to $2.75 million in funded exploration, plus $280,000 cash and $500,000 in shares while retaining a 10% carried interest and a 1.25% NSR. Historically, strategic transactions and structural changes have coincided with positive moves, but investors could reassess if exploration results or deal execution later disappoint.

Key Terms

option agreement, carried interest, net smelter royalty, joint venture, +3 more

7 terms

option agreement financial

"has entered into an option agreement (the "Option Agreement") with Canamera"

An option agreement is a contract that gives one party the right, but not the obligation, to buy or sell a specific asset (like company shares or property) at a pre-agreed price within a set time period. Think of it like a reservation or ticket that holds a purchase at today’s terms for later — it matters to investors because it can create potential future value or liability, change ownership stakes, and affect share dilution and company control.

carried interest financial

"Nexus will retain a 10% carried interest in the project"

Carried interest is a share of the profits earned by investment managers from the investments they oversee, serving as their reward for successful performance. It functions like a bonus that motivates managers to maximize returns for investors, similar to earning a commission based on performance. This income is often taxed at a lower rate than regular income, making it a significant aspect of investment compensation.

net smelter royalty financial

"The property remains subject to a 1.25% net smelter royalty to Nexus Uranium."

A net smelter royalty (NSR) is a contractual payment to the holder of mineral rights equal to a fixed percentage of the revenue from the sale of mined metals after they have been processed and basic costs like smelting and transport are deducted. Think of it as a toll on each shipment of metal: it reduces the operator’s take from production but provides the royalty holder with a steady, production-linked income stream that investors use to value both mines and royalty assets.

joint venture financial

"the parties will form a joint venture to advance the project."

A joint venture is when two or more companies team up to work on a specific project or business idea, sharing both the risks and the rewards. It’s like friends starting a lemonade stand together—each contributes resources and they split the profits, making it easier to succeed than going alone.

unpatented mining claims technical

"The Great Divide Basin project comprises 104 unpatented mining claims"

A claim to minerals on public land where the holder has the right to explore and extract resources but does not own the surface or the underlying land title. Like renting a plot to dig for treasure while the government still owns the ground, these claims give producers potential access to valuable ore but carry extra risks — they can require permits, be contested or lost, and often complicate financing and company valuation for investors.

roll-front deposits technical

"Mineralization in the area is hosted in roll-front deposits"

Roll-front deposits are concentrations of uranium that form in porous rock where oxygen-rich groundwater meets reduced conditions, causing dissolved uranium to precipitate into crescent-shaped layers along the moving front—think of a rust-colored stain spreading through a sponge. For investors, knowing a deposit is roll-front signals likely shallow, horizontally continuous ore that can be easier and cheaper to mine but may carry specific environmental and permitting risks that affect project costs and timelines.

wholly owned subsidiary financial

"held through Clean Nuclear Energy Corp., a wholly owned subsidiary of Nexus."

A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: GIDMF) (FSE: JA7) ("Nexus" or the "Company") has entered into an option agreement (the "Option Agreement") with Canamera Energy Metals Corp. (CSE: EMET) ("Canamera") under which Canamera may earn up to a 90% interest in Nexus's Great Divide Basin uranium project in Wyoming.

Under the terms of the Option Agreement, Canamera will fund exploration on the property and make cash and share payments to Nexus over a four-year period. If Canamera completes all earn-in requirements, Nexus will retain a 10% carried interest in the project and receive approximately $280,000 in cash, $500,000 in Canamera shares, and benefit from $2.75 million in exploration expenditures - all without further capital outlay by Nexus.

"This option structure advances Great Divide Basin through a fully funded exploration program while we retain meaningful exposure to the project," said Jeremy Poirier, Chief Executive Officer. "Canamera's exploration commitment should generate the technical data needed to evaluate the property's potential, and Nexus shareholders benefit from that work without dilution."

Option Agreement Terms

Canamera may acquire up to a 90% interest in the Great Divide Basin project through the following earn-in structure:

First Option (51% interest):

• 500,000 Canamera shares issued to Nexus within 5 days of closing;

• $30,000 cash payment within 5 days of closing;

• $100,000 cash payment by the 18-month anniversary;

• $250,000 in exploration expenditures by the 18-month anniversary; and

• An additional $500,000 in exploration expenditures by the second anniversary.

Second Option (additional 20% for 71% total):

• $250,000 in Canamera shares issued to Nexus;

• $75,000 cash payment; and

• $1,000,000 in exploration expenditures, all by the third anniversary.

Third Option (additional 19% for 90% total):

• $250,000 in Canamera shares issued to Nexus;

• $75,000 cash payment; and

• $1,000,000 in exploration expenditures, all by the fourth anniversary.

If Canamera does not complete an option stage, it retains only the interest earned to that point. Following exercise of the applicable options, the parties will form a joint venture to advance the project. The property remains subject to a 1.25% net smelter royalty to Nexus Uranium.

Great Divide Basin Project

The Great Divide Basin project comprises 104 unpatented mining claims (approximately 2,080 acres) located southwest of Jeffrey City and northwest of Wamsutter in Fremont and Sweetwater counties, Wyoming. The project is held through Clean Nuclear Energy Corp., a wholly owned subsidiary of Nexus.

The claims are situated in Wyoming's Great Divide Basin uranium district. Mineralization in the area is hosted in roll-front deposits, and the property has seen historical exploration dating to the 1970s. The project adjoins Premier American Uranium's Cyclone property.

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 and Wolf Canyon projects in South Dakota, the South Pass project in Wyoming, and the Wray Mesa project in Utah. 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.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Jeremy Poirier

Chief Executive Officer

info@nexusuranium.com

Forward-Looking Statements

This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding: Canamera's anticipated exploration activities and expenditures on the Great Divide Basin project; the expected timing and completion of earn-in milestones; the formation of a joint venture following exercise of the options; and Nexus's retained interest in the project.

Forward-looking information is based on assumptions considered reasonable by management at the date of this news release, including that Canamera will have sufficient capital to fund the option payments and exploration expenditures, and that regulatory and other conditions will be satisfied. Actual results may differ materially due to risks and uncertainties including: Canamera's ability to complete the earn-in requirements; changes in market conditions; and risks inherent to mineral exploration.

The Company undertakes no obligation to update forward-looking statements except as required by law.

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/276995

FAQ

What did Nexus announce about the Great Divide Basin option on December 8, 2025 (GIDMF)?

Nexus granted Canamera an option to earn up to 90% of the Great Divide Basin project via staged cash, shares and $2.75M exploration over four years.

How much cash and shares will Nexus receive under the Canamera option for GIDMF?

If fully completed, Nexus will receive about $280,000 cash and $500,000 in Canamera shares plus exploration funding.

What is Nexus's remaining interest and royalty after the Canamera earn-in (GIDMF)?

If Canamera completes all stages, Nexus retains a 10% carried interest and the project keeps a 1.25% NSR payable to Nexus.

What are the key earn-in milestones and timeline for Canamera on the Nexus project (GIDMF)?

Canamera must meet staged cash, share, and exploration targets across 18 months to four years to earn 51%, 71%, then 90% interests.

How large is the Great Divide Basin project that Canamera may earn (GIDMF)?

The project covers 104 unpatented claims (~2,080 acres) located southwest of Jeffrey City in Fremont and Sweetwater counties, Wyoming.

What happens if Canamera fails to complete an option stage on the Nexus project (GIDMF)?

If Canamera does not complete a stage, it keeps only the interest earned to that point; the parties then form a joint venture if exercised.