One of the most promising uranium projects in America is getting ready to hit Wall Street.
What’s happening:
- Eagle Energy Metals has entered into a business combination with Spring Valley Acquisition Corp II (NASDAQ: SVII) to become a publicly listed company
By the numbers:
- Spring Valley Acquisition Corp II initially raised $230M USD in their IPO onto the Nasdaq
- A institutional investor has also committed $30M USD in funding to Eagle Energy Metals upon closing of the SPAC deal with Spring Valley Acquisition Corp II
Why it matters:
- Eagle Energy Metals owns the the Aurora project located on the border of Oregon and Nevada, which is widely considered to be the largest mineable and indicated uranium deposit in the United States of America
Going deeper:
- The Aurora project contains a near surface resource of over 50M pounds of uranium and has been defined by more than 500 historical drill holes
The intrigue:
- Eagle Energy Metals is also developing proprietary small modular reactor technology, which is purpose built for being deployed in remote locations and was designed by prominent nuclear engineer Dr. Mohamed El-Genk
