Eagle Energy Metals reports positive metallurgical results for Aurora uranium project

Core Insights - Eagle Energy Metals has reported significant metallurgical optimization results from its Aurora uranium project, indicating improved processing efficiency and cost reduction [1][2][5][6] Company Overview - Eagle Energy Metals acquired the Aurora uranium project in 2024, which is claimed to be the largest mineable uranium deposit in the US, located on the Oregon-Nevada border [1][3] - The Aurora deposit contains 32.75 million pounds of Indicated and 4.98 million pounds of Inferred near-surface uranium resources, with potential for expansion from the adjacent Cordex deposit [3] Processing Efficiency - Recent tests showed uranium recoveries in the high-80% range and a ~60% reduction in acid use, which enhances processing efficiency [2] - The leach duration has been reduced from 24 hours to ~12 hours, eliminating the need for ferric sulphate, thus lowering reagent costs [2][5] Industry Context - The US requires approximately 32 million pounds of uranium annually for its nuclear reactors, with only 677,000 pounds produced domestically in 2024 [4] - The Aurora project is positioned to contribute to a reliable US uranium supply chain, supporting the nation's clean energy goals [6][7] Future Plans - Eagle Energy Metals plans to list on Nasdaq under the ticker NUCL following a proposed business combination with Spring Valley Acquisition Corp, with the Aurora project expected to be its flagship asset [6]