Eagle Nuclear Energy Corp. (NUCL) Form 10-Q — Oct 13, 2026
Eagle Nuclear Energy Corp. filed its first 10-Q as a public company following its February 24, 2026 de-SPAC with Spring Valley Acquisition Corp. II and its $13.2 million acquisition of Oregon Energy, which brought the Aurora Uranium Project in Malheur County, Oregon. The company remains pre-revenue, posting a nine-month net loss of $22.2 million (EPS -$0.92) against $25.5 million in cash, with management stating that going-concern doubt has been alleviated following the de-SPAC and a $29.7 million PIPE financing, though it will need additional funds to advance projects.
Key figures
- Eps
- -0.92 (nine months basic/diluted); 0.10 (three months basic/diluted)
- Net Income
- -22,187,888 (nine months ended Aug 31, 2026); +4,345,941 in Q3 driven by $8,075,000 warrant fair-value gain
- Total Debt
- 0
- Total Assets
- 40252095
- Cash Position
- 25466623
- Shares Outstanding
- 29683966
- Aurora nsr
- 1.0% net smelter return
- Pipe warrants
- 2,500,000 at $12.00 exercise
- Dividends payable
- 772230
- Warrant liability
- 13850000
- Nine month g and a
- 11409951
- Preferred dividend rate
- 12% PIK / 10% cash
- Preferred stock mezzanine
- 26864276
- Oregon energy consideration
- 13179372
- Stockholders equity deficit
- -2,275,855
- Share based comp nine months
- 6080147
- Contingent aurora payments max
- 10000000
- Preferred liquidation preference
- 30637381
- Preferred conversion price initial
- $11.88 (reset floor $7.50)
AI analysis
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