Eagle Nuclear Energy Launches 27,000-Foot Drill Program on 32.75M-Pound Aurora Deposit
Eagle Nuclear Energy Corp has confirmed a 47-hole, 27,000-foot drilling program at its Aurora uranium deposit in southeastern Oregon, targeting a Pre-Feasibility Study in the second half of 2027 with permit applications filed and rigs secured. Aurora hosts 32.75 million pounds Indicated and 4.98 million pounds Inferred U3O8, with $31.3 million cash and zero debt, positioning the company to supply domestic uranium and develop an integrated SMR platform.
1. Drill Program Details
Eagle Nuclear Energy Corp has finalized a 47-hole, 27,000-foot diamond drill program at its Aurora project, scheduled to commence in July 2026. The campaign is designed to fill data gaps identified in a Gap Analysis study and advance the deposit toward a Pre-Feasibility Study in the second half of 2027.
2. Aurora Deposit Resource
The Aurora deposit contains 32.75 million pounds Indicated and 4.98 million pounds Inferred U3O8 near surface in southeastern Oregon. An adjacent Cordex expansion asset offers additional upside potential to expand the overall resource inventory.
3. Financial Position and Permitting
As of February 28, 2026, the company holds $31.3 million in cash and carries zero debt. Permit applications have been filed with the federal Bureau of Land Management and Oregon’s Department of Geology and Mineral Industries, and Harris Exploration Drilling & Associates Inc. has been contracted for drilling operations.
4. SMR Integration Strategy
Beyond uranium mining, Eagle Nuclear Energy is positioning to integrate its domestic fuel supply with advanced Small Modular Reactor technology, aiming to create a vertically integrated nuclear energy platform. This strategy aligns with rising utility demand, government supply-chain security initiatives, and potential AI-data-center power requirements.