Eagle Nuclear Energy Begins NASDAQ Trading and Launches 27,000-Ft Drill Program
Eagle Nuclear Energy completed the merger with Spring Valley Acquisition Corp. II and began NASDAQ trading February 25, 2026, while launching a 47-hole, 27,000-ft drill program at the Aurora deposit set for July. The company ended Q1 with $31.3 million cash, zero debt, and targets a PFS in late 2027.
1. Merger and Nasdaq Listing
Eagle completed its business combination with Spring Valley Acquisition Corp. II on February 25, 2026, and commenced trading on Nasdaq, marking its transition to a publicly traded nuclear energy developer.
2. Drill Program Details
The company unveiled a 47 diamond-hole program totaling 27,000 ft at its Aurora uranium deposit, with drilling set to begin in July 2026 and support a pre-feasibility study by late 2027.
3. Permitting and Industry Engagement
Eagle engaged BBA USA for a gap analysis study, retained SLR International to file permit applications with BLM and DOGAMI, contracted Harris Exploration Drilling for drill rigs, and joined the Uranium Producers of America.
4. Strong Financial Position
As of February 28, 2026, Eagle held $31.3 million in cash with no interest-bearing debt, carrying liabilities primarily from operating obligations.