In October 2022, Spring Valley Acquisition Corp. II (“Spring Valley II”) raised $230 million in its IPO for the purpose of acquiring or merging with a business in our target markets. 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 Q4 2025.
Eagle Energy Metals Investor Presentation July 2025
Fox Business: Eagle Energy Metals will be the first domestic uranium resource exploration firm
