Eagle Nuclear Energy completes de-SPAC, acquires Oregon Energy

Eagle Nuclear Energy Corp. completed its reverse acquisition (de-SPAC) with Spring Valley Acquisition Corp. II and acquired Oregon Energy LLC on February 24, 2026. These transactions, along with a $29.7 million PIPE financing, significantly increased the company's cash to $28.09 million and total assets to $43.09 million. The company, an early-stage nuclear energy firm focused on uranium exploration and SMR technology, reported a net loss of $27.31 million for the six months ended May 31, 2026, and has not yet commenced principal operations. The successful financing has alleviated previous going concern uncertainties.