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Eagle Nuclear Energy Joins Uranium Producers of America
Globenewswire· 2026-03-10 12:30
Core Insights - Eagle Nuclear Energy Corp. has joined the Uranium Producers of America, emphasizing its commitment to enhancing the domestic uranium supply in the U.S. [1][2] Industry Overview - The Uranium Producers of America advocates for policies that promote fair competition and strengthen the U.S. nuclear fuel supply chain [2] - The U.S. currently relies on imports for approximately 95% of its uranium, with domestic production projected to reach about 1 million pounds in 2026, significantly below the nearly 50 million pounds needed annually for nuclear reactors [3] Company Positioning - Eagle Nuclear Energy Corp. possesses the largest conventional, measured, and indicated uranium deposit in the U.S., located in southeastern Oregon, which includes the Aurora deposit with 32.75 million pounds indicated and 4.98 million pounds inferred [5] - The company is leveraging exclusive Small Modular Reactor technology to build a scalable nuclear energy platform aimed at increasing domestic uranium supply and enhancing long-term fuel security [4][5] - Eagle began trading on Nasdaq under the ticker symbol "NUCL" in February 2026, marking its entry into public markets as a U.S.-focused uranium development company [4]