Eagle Nuclear Energy will launch trading on Nasdaq on Wednesday following its merger with SPAC Spring Valley Acquisition Corp II. The deal comes amid renewed interest in nuclear power in the United States, driven by rising electricity demand, notably linked to data centers.
The group’s main asset, the Aurora project, is presented as one of the largest undeveloped uranium deposits in the countest, located on the border between Oregon and Nevada. The company does not yet have offtake contracts, but states it is seeing early signs of interest as production is expected in the early 2030s. Eagle Nuclear is tarreceiveing a start in 2032, with the possibility of accelerating that timeline in what it describes as a favorable political environment.
President Donald Trump’s administration has recently taken steps to speed up approvals for nuclear reactors, including authorizing the Department of Energy to greenlight experimental projects without the sign-off of the nuclear safety regulator. The merger includes a public-private investment of $30m to fund about two years of operations. Eagle Nuclear will trade under the symbols “NUCL” and “NUCLW”.
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