In October 2022, Spring Valley II (OTC : SVIIF) raised $230 million in its initial public offering to pursue a business combination in the power infrastructure and decarbonization sectors. On July 31, 2025, Spring Valley II entered into a definitive agreement to merge with Eagle Energy Metals Corp. (“Eagle Energy”), a next-generation nuclear energy company that holds rights to the largest mineable, measured, and indicated uranium deposit in the United States and proprietary Small Modular Reactor (“SMR”) technology. The proposed combination positions Eagle Energy as a first-mover in addressing the structural undersupply of uranium in the U.S. At a time when AI, quantum computing, and cryptocurrency are driving unprecedented electricity demand, Eagle Energy is focused on restoring American leadership in the nuclear sector. By leveraging reliable, zero-carbon, high-capacity nuclear power, the company seeks to meet accelerating energy requirements while enhancing domestic energy security.
Upon closing, Eagle Energy will become the first domestic uranium resource exploration company with Small Modular Reactor (“SMR”) technology to go public on a U.S. exchange under the ticker symbol “NUCL”. In addition, Alyeska Investment Group, a leading fundamental institutional investor, has committed to invest approximately $30 million in Series A Convertible Preferred Stock at closing. The transaction is expected to close in Q1 2026.
Eagle Energy Metals Investor Presentation July 2025
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