Eagle Energy Metals and Spring Valley Acquisition Corp. II Announce Closing of Business Combination

Core Viewpoint - Eagle Energy Metals Corp. has successfully completed its business combination with Spring Valley Acquisition Corp. II, leading to the formation of Eagle Nuclear Energy Corp., which will begin trading on Nasdaq under the ticker symbol "NUCL" on February 25, 2026 [1][2]. Company Overview - Eagle Energy Metals Corp. is a next-generation nuclear energy company that combines domestic uranium exploration with proprietary Small Modular Reactor (SMR) technology [5]. - The company holds rights to the largest conventional, measured, and indicated uranium deposit in the United States, located in southeastern Oregon, which includes the Aurora deposit with 32.75 million pounds of indicated and 4.98 million pounds of inferred uranium resources [5]. Business Combination Details - The business combination was approved by SVII shareholders on February 23, 2026, and formally closed on February 24, 2026 [1]. - The new entity, Eagle Nuclear Energy Corp., will trade its common stock and public warrants on Nasdaq under the ticker symbols "NUCL" and "NUCLW," respectively [2]. Leadership Commentary - Mark Mukhija, CEO of Eagle, emphasized the completion of the business combination as a key milestone in rebuilding a secure domestic nuclear supply chain in the U.S. and addressing the growing electricity demand driven by technologies like AI and quantum computing [3]. - Chris Sorrells, Chairman & CEO of SVII, highlighted the merger as a significant milestone for the U.S. nuclear industry, noting Eagle's unique domestic uranium capabilities that can respond to market demand [3]. Investment and Market Context - The merger is positioned to leverage record private investments in U.S. nuclear projects, aiming to restore American leadership in the nuclear industry [3]. - The integration of advanced SMR technology with a substantial uranium asset is expected to create an integrated nuclear platform that addresses both electricity demand and uranium market needs [3].