Here are the 10-Q quarterly reports from Eagle Nuclear Energy Corp. (NUCL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NUCL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NUCL filings page.
Eagle Nuclear Energy Corp. (NUCL) reported net income attributable to common stockholders of $3.22 million for the three months ended August 31, 2026, compared with a $1.28 million loss a year earlier. A noncash $8.08 million gain from the change in fair value of warrant liabilities contributed to the quarter. For the nine months, net loss attributable to common stockholders was $24.30 million, compared with $2.97 million; operating cash used was $7.34 million versus $3.46 million.
Cash and restricted cash totaled $25.66 million as of August 31, 2026. The company said the de-SPAC transaction and PIPE financing provided resources sufficient for the next 12 months, while advancing projects beyond permitting and exploration will require additional funding. The February 24, 2026 acquisition of Oregon Energy brought the Aurora Uranium Project; total consideration was $13.18 million, including 1,710,991 shares valued at $11.96 million.
The company issued Series A preferred stock for $29.7 million through PIPE financing. The shares accrue annual dividends at 12% if paid in kind or 10% if paid in cash. Aurora Energy may receive contingent share payments of up to $10.0 million tied to resource and pre-feasibility milestones; neither milestone had been achieved as of August 31, 2026.
Eagle Nuclear Energy Corp., which has not yet commenced its principal operations as of May 31, 2026, reported substantial losses for the three and six months ended that date while transforming its capital structure. In February 2026 it completed a de‑SPAC transaction with Spring Valley Acquisition Corp. II, listed its common stock and public warrants on Nasdaq, raised $29,700,000 through a PIPE issuing Series A Cumulative Convertible Preferred Stock and 2,500,000 warrants, and acquired Oregon Energy LLC, gaining the Aurora Uranium Project claims covering approximately 43 square kilometers.
Total assets increased to $43,089,741 with cash of $28,091,090 and mineral rights of $12,755,725, but a warrant liability of $21,925,000 and $25,729,800 of redeemable Series A preferred stock produced a stockholders’ deficit of $6,980,216. Operating expenses were $8,769,544 for the six‑month period and a $17,750,724 non‑cash loss from remeasuring the warrant liability drove a net loss of $26,533,829, or $1.11 per share, including $781,151 of preferred dividends. Management states that the de‑SPAC and PIPE have alleviated a previously disclosed material going‑concern uncertainty.
Eagle Nuclear Energy Corp. reports its first quarterly results since completing a de‑SPAC merger and PIPE financing. Total assets rose to $45.6 million as of February 28, 2026, from $2.9 million at November 30, 2025, driven by cash proceeds, mineral rights and new leases.
Cash and restricted cash increased to $31.4 million, primarily from a $29.7 million PIPE that issued Series A Cumulative Convertible Preferred Stock and 2.5 million warrants. The company acquired Oregon Energy LLC, adding Aurora Uranium Project mineral rights of $12.8 million.
Eagle Nuclear recorded a quarterly net loss of $1.47 million, wider than the prior‑year $0.67 million, as it ramped exploration, corporate, and professional expenses. Management states that the recent financing and de‑SPAC transaction alleviated the previously disclosed going concern uncertainty.