Eagle Nuclear Energy completed its business combination with Spring Valley Acquisition Corp II in February 2026 and began trading on the Nasdaq on February 25. In its first quarter as a public company the firm reported $31.3 million in cash and zero interest-bearing debt, providing a solid liquidity position for upcoming operations.

The Aurora Uranium Project, located along the Oregon-Nevada border, contains 32.75 million pounds of indicated uranium and 4.98 million pounds of inferred uranium, making it the largest conventional measured and indicated deposit in the United States. This flagship asset underpins the company’s development strategy and potential resource expansions.

A 27,000-foot drill program comprising 47 diamond drill holes has been planned by BBA USA Inc. to advance resource expansion, classification, metallurgy, rock mechanics and hydrogeological studies. Harris Exploration Drilling will supply up to three track-mounted core rigs, with work slated to begin in July and wrap within three to four months, pending Bureau of Land Management and Oregon Department of Geology permit approvals.

Eagle Nuclear Energy is pursuing vertical integration by pairing domestic uranium resources with exclusive small modular reactor technology to build an integrated nuclear energy platform. The company anticipates completing a Pre-Feasibility Study in the second half of 2027 and leverages its membership in the Uranium Producers of America to reinforce its strategic positioning.