Nexus Uranium Files Amended and Restated Interim Financial Statements

Rhea-AI Summary

Nexus Uranium (OTCQB: NEXUF) filed amended and restated unaudited condensed interim consolidated financial statements and MD&A for the nine months ended August 31, 2025. The amendments recognize qualifying exploration expenditures with a non-cash adjustment of $138,820 affecting profit or loss and share capital.

The company says the adjustment had no impact on cash flows, total assets, total liabilities, or liquidity, and describes the restatement as a technical accounting matter. The Amended Interim Financial Statements are available on SEDAR+.

Positive

• Filed amended interim financials for the nine months ended Aug 31, 2025
• Adjustment was non-cash $138,820, preserving cash flow and liquidity

Negative

• $138,820 non-cash adjustment affected profit or loss and share capital

News Market Reaction – NEXUF

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-3.34% News Effect

On the day this news was published, NEXUF declined 3.34%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Nexus Uranium Corp. (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7) ("Nexus" or the "Company") announces that it has filed amended and restated unaudited condensed interim consolidated financial statements and the associated MD&A for the nine months ended August 31, 2025 (the "Amended Interim Financial Statements"). The Amended Interim Financial Statements reflect the appropriate period recognition of amounts related to qualifying exploration expenditures incurred during the period. As these expenditures were completed, the related accounting treatment resulted in the recognition of a non-cash adjustment of $138,820 in the Company's results for the period. The adjustment affected the presentation of profit or loss and share capital but had no impact on cash flows, total assets, total liabilities, or the Company's liquidity. The restatement represents a technical accounting matter and does not impact the Company's operations or business activities.

The Amended Interim Financial Statements are available on the Company's profile on SEDAR+ at www.sedarplus.ca.

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
info@nexusuranium.com

Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada 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/282623

FAQ

What did Nexus Uranium (NEXUF) file on February 3, 2026 regarding its interim financials?

Nexus Uranium filed amended and restated unaudited condensed interim consolidated financial statements for the nine months ended August 31, 2025. According to the company, the filings reflect period recognition of qualifying exploration expenditures and related accounting adjustments.

How large was the accounting adjustment in Nexus Uranium's amended interim statements (NEXUF)?

The company recorded a $138,820 non-cash adjustment to results for the period. According to the company, this adjustment affected profit or loss and share capital but did not change cash flows, total assets, total liabilities, or liquidity.

Does the NEXUF restatement affect Nexus Uranium's cash position or liquidity?

No, the restatement did not affect cash flows or liquidity. According to the company, total assets, total liabilities and the company’s liquidity remained unchanged despite the non-cash accounting adjustment.

Where can investors view Nexus Uranium's amended interim financial statements for Aug 31, 2025 (NEXUF)?

Investors can access the Amended Interim Financial Statements on SEDAR+. According to the company, the amended filings and the associated MD&A are posted on the company's profile at www.sedarplus.ca for review.