Nexus Uranium Corp announced a non-brokered private placement of up to 3,461,538 units of the Company at a price of CAD 0.52 per FT Unit to raise gross proceeds of up to CAD 1,800,000 on June 12, 2024. Each FT Unit consists of one common share and one common share purchase warrant each of which is exercisable to acquire one common share for 24 months following closing at an exercise price of CAD 0.60. Upon closing of the Offering, the Company may pay to certain eligible finders a cash finder's fee of up to 7% 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 as is equal to 7.0% of the number of FT Units issued under the Offering, at an exercise price of CAD 0.52. Completion of the Offering is subject to certain conditions including the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange