Eagle Nuclear Lists on Nasdaq, Sits on 32.75M Pound Uranium Deposit
Eagle Nuclear Energy started trading on Nasdaq under NUCL and NUCLW on Feb 25 after its SPAC merger won 99% shareholder approval. The company controls a 32.75 million pound indicated (4.98 million pound inferred) Aurora uranium deposit and has hired BBA USA to design a pre-feasibility drilling campaign.
1. Nasdaq Listing Complete
Eagle Nuclear Energy Corp began trading on the Nasdaq under the symbols NUCL and NUCLW on February 25, following the closing of its business combination with Spring Valley Acquisition Corp. II. Shareholders representing approximately 83% of outstanding shares voted, delivering over 99% approval across six proposals and enabling the listing.
2. Aurora Deposit Acquisition
The company holds exclusive rights to the Aurora uranium deposit on the Oregon-Nevada border, which contains 32.75 million pounds of indicated and 4.98 million pounds of inferred uranium based on more than 500 drill holes. This makes it the largest open pit-constrained uranium deposit in the United States.
3. BBA USA Feasibility Campaign
In January, Eagle engaged BBA USA to design a targeted drilling campaign supporting a Pre-Feasibility Study at Aurora. The scope covers advanced metallurgical testing, hydrogeological analysis, and resource expansion, with optimized drill hole number, location and orientation to enhance project economics.
4. SMR Technology Integration
Beyond uranium resources, Eagle holds small modular reactor technology rights, positioning it as an integrated nuclear energy platform. By combining exclusive domestic uranium reserves with SMR development, the company aims to support growth in carbon-free baseload power and restore American leadership in nuclear generation.