Exciting Growth and Diversification Opportunity in the Global Uranium Sector

Codrus Minerals (ASX: $CDR) has reached an agreement to acquire two high-potential uranium assets in Canada. The acquisitions include the rights to a 100% interest in the Jasper Wedge Uranium Project, located in the prolific Athabasca Basin, Saskatchewan, and the Nanuk Uranium Project in Quebec. The company has also secured firm commitments for a capital raising of $1 million through a strategic placement to institutional and sophisticated investors.

Executive Commentary on Acquisitions and Board Changes

The Company is pleased to announce the acquisition of two strategic uranium projects, marking a significant step in our portfolio diversification. The Jasper Wedge Uranium Project, situated in the prolific Athabasca Basin, and the Nanuk Uranium Project in Quebec, present compelling exploration opportunities. We are also delighted to welcome Mr. Greg Bandy as the new Non-Executive Chairman, succeeding Mr. Andrew Radonjic, who has provided invaluable guidance to the Company.

Summary of Acquisitions and Future Plans

Codrus Minerals' acquisition of the Jasper Wedge and Nanuk Uranium Projects signifies a strategic move into the global uranium sector. The projects, located in Canada's premier mineral provinces, offer significant potential for uranium exploration. The firm commitments for a capital raising of $1 million demonstrate strong investor confidence in the Company's strategic initiatives. With the addition of Mr. Greg Bandy as the new Non-Executive Chairman, Codrus Minerals is poised to capitalize on the opportunities presented by these acquisitions. The Company's focus on exploration and diversification aligns with its ambitions for growth and value creation in the uranium sector.