Eagle Energy Metals SPAC merger clears SEC, to trade as NUCL with 32.75M lb uranium deposit
Eagle Energy Metals’ SPAC merger registration is effective, setting a February 23 shareholder vote, and combined shares will trade on Nasdaq as NUCL and NUCLW. Its Aurora deposit contains 32.75 million pounds of indicated and 4.98 million pounds of inferred uranium, with BBA USA appointed for a pre-feasibility drilling campaign.
1. SPAC Merger and Listing Plans
Eagle Energy Metals’ registration statement for its business combination with Spring Valley Acquisition has become effective, scheduling a shareholder vote on February 23. Upon deal closing, the combined company’s stock and warrants will list on Nasdaq under the tickers NUCL and NUCLW.
2. Aurora Uranium Deposit Details
The Aurora deposit spans the Oregon-Nevada border and holds 32.75 million pounds of indicated uranium and 4.98 million pounds inferred, making it the largest open pit-constrained deposit in the United States. Eagle Energy Metals retains digitized drill data from over 500 holes to support resource expansion.
3. Pre-Feasibility Drilling Campaign
Eagle Energy Metals has appointed BBA USA to design and execute a targeted drilling program at the Aurora site to generate data for a Pre-Feasibility Study. The campaign aims to refine resource estimates and accelerate project development.