Nexus Uranium Corp. announced a private placement to issue minimum of 1,333,333 units and maximum of 2,000,000 units at an issue price of CAD 0.60 per unit for the minimum gross proceeds of minimum of CAD 799,999.8 and maximum of CAD 1,200,000 on March 21, 2024. Each Unit will consist of one common share and one Common Share purchase warrant.

Each Warrant will entitle the holder thereof to purchase one Common Share for a period of 24 months following the Closing Date of the Offering at an exercise price of CAD 0.75 per Warrant Share. Upon closing of the Offering, the Company may pay to certain eligible finders a cash finder's fee of up to 7.0% of the aggregate gross proceeds of the Offering. The Company may also issue to such finders non-transferrable warrants of the Company exercisable at any time prior to the date that is 24 months from the Closing Date to acquire that number of Common Shares equal to 7.0% of the number of Units issued under the Offering, at an exercise price of CAD 0.75 subject.

The Offering is scheduled to close on or about April 1, 2024 and completion of the Offering is subject to certain conditions including the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange. The Offering is structured to take advantage of the listed issuer financing exemption whereby the securities of the Company issued pursuant to the Offering will be freely tradeable equity securities not subject to a hold period.