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Eagle Nuclear Energy (NASDAQ: NUCL) names CBIZ CPAs as new auditor

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(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Eagle Nuclear Energy Corp. engaged CBIZ CPAs P.C. as its independent registered public accounting firm for the fiscal year ending November 30, 2026, after completion of CBIZ CPAs’ client acceptance procedures. The company states it had not previously consulted CBIZ CPAs on accounting or auditing matters.

Eagle links this engagement to its broader nuclear energy strategy centered on the Aurora Uranium Project in Oregon. Aurora hosts 32.75Mlbs Indicated and 4.98Mlbs Inferred near-surface uranium resources under an S-K 1300 technical report, with a Pre-Feasibility Study targeted for completion in late-2027.

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Item 4.01 Changes in Registrant's Certifying Accountant Governance
The company changed its independent auditing firm, which may involve disagreements on accounting matters.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Fiscal year covered by new audit engagement Fiscal year ending November 30, 2026 CBIZ CPAs engaged as independent registered public accounting firm for this fiscal year
Aurora Indicated uranium resource 32.75Mlbs Indicated near-surface uranium resource at the Aurora deposit under an S-K 1300 Technical Report Summary
Aurora Inferred uranium resource 4.98Mlbs Inferred near-surface uranium resource at the Aurora deposit under an S-K 1300 Technical Report Summary
Company inception date December 14, 2023 Start of the period from inception through November 30, 2024 cited in the auditor disclosure
Pre-Feasibility Study target completion late-2027 Scheduled completion timing for the Aurora Project Pre-Feasibility Study
Public debut timing February 2026 The company notes continued momentum since its public debut in February 2026
independent registered public accounting firm regulatory
"engaged CBIZ CPAs P.C. to serve as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Pre-Feasibility Study technical
"advancing toward a Pre-Feasibility Study (“PFS”) scheduled for completion in late-2027"
A pre-feasibility study is an initial assessment that evaluates whether a proposed project or investment idea is worth exploring further. It involves examining basic factors like costs, potential benefits, and possible challenges, similar to conducting a preliminary check before deciding to invest more time and resources. This helps investors determine if pursuing the project further is practical and likely to be successful.
S-K 1300 Mineral Resource Estimate regulatory
"BBA USA Inc. previously completed Aurora’s S-K 1300 Mineral Resource Estimate"
Technical Report Summary technical
"and authored the related Technical Report Summary in August 2025"
A technical report summary is a concise overview of detailed research or analysis about a particular subject, highlighting key findings and important information. For investors, it provides a quick understanding of complex data or technical details, helping them make informed decisions without needing to review the entire report. Think of it as a brief map that points out the most essential parts of a larger, detailed document.
small modular reactor technical
"combines domestic uranium exploration with access to certain small modular reactor (“SMR”) technology"
A small modular reactor is a compact nuclear power plant designed to generate electricity in smaller amounts compared to traditional reactors. It can be built in factories, then transported and assembled on-site, making it quicker and often cheaper to deploy. For investors, these reactors represent a potential source of clean energy with lower upfront costs and flexible scaling, which could influence future energy markets and infrastructure investments.
forward-looking statements regulatory
"Certain statements included in this press release are not historical facts but are forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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FAQ

What auditor change did Eagle Nuclear Energy Corp. (NUCL) report?

Eagle Nuclear Energy Corp. engaged CBIZ CPAs P.C. as its independent registered public accounting firm for the fiscal year ending November 30, 2026. The audit committee and board approved the choice after CBIZ CPAs completed customary client acceptance procedures and an engagement letter was executed.

Did Eagle Nuclear Energy (NUCL) previously consult CBIZ CPAs on accounting matters?

Eagle reports that it did not consult CBIZ CPAs on accounting principles, audit opinions, or financial reporting issues before this engagement. It also states there were no disagreements or reportable events with CBIZ CPAs during the periods referenced in the disclosure.

What uranium resources does Eagle Nuclear Energy’s Aurora Project hold?

The Aurora deposit contains 32.75Mlbs Indicated and 4.98Mlbs Inferred near-surface uranium resources under an S-K 1300 Technical Report Summary. These resources help position Eagle as owning one of the largest conventional, measured and indicated uranium deposits in the United States.

What is the development timeline for Eagle Nuclear Energy’s Aurora Project PFS?

Eagle is advancing the Aurora Uranium Project toward a Pre-Feasibility Study targeted for completion in late-2027. BBA USA Inc. previously completed Aurora’s S-K 1300 Mineral Resource Estimate and authored the Technical Report Summary, providing continuity as the project progresses toward that milestone.

How does Eagle Nuclear Energy (NUCL) describe its business strategy?

Eagle describes itself as a next-generation nuclear energy company combining domestic uranium exploration with access to certain small modular reactor (SMR) technology. By integrating a sizeable uranium asset with advanced SMR capabilities, it aims to build an integrated platform supporting domestic nuclear energy development.

When did Eagle Nuclear Energy (NUCL) begin operations and go public?

Eagle notes an operating period starting from December 14, 2023, its inception date, through November 30, 2024. It also highlights continued momentum since its public market debut in February 2026, as it advances initiatives tied to the future of domestic nuclear energy.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): August 5, 2026

 

Eagle Nuclear Energy Corp.

(Exact name of registrant as specified in its charter)

 

Nevada

(State or other jurisdiction
of incorporation)

001-43162

(Commission
File Number)

41-3113978

(I.R.S. Employer
Identification No.)

     

5470 Kietzke Lane, Suite 300

Reno, NV

(Address of principal executive offices)

 

 

89511

(Zip Code)

 

(775) 335-2029

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report) 

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class    Trading
Symbol(s)
  Name of each
exchange on
which
registered
Common Stock, par value $0.0001 per share   NUCL   The Nasdaq Stock Market LLC
         
Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share   NUCLW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 4.01. Changes in Registrant’s Certifying Accountant.

 

As previously disclosed, on August 4, 2026, the audit committee of the board of directors (the “Board”) of Eagle Nuclear Energy Corp. (the “Company”) approved the engagement of CBIZ CPAs P.C. (“CBIZ CPAs”) as the Company’s independent registered public accounting firm for the Company’s fiscal year ending November 30, 2026. The Company’s engagement of CBIZ CPAs remained subject to the completion of CBIZ CPAs’ customary client acceptance processes and execution of an engagement letter. On August 5, 2026, CBIZ CPAs confirmed that such client acceptance procedures were complete, and the Company formally engaged CBIZ CPAs as its independent registered public accounting firm.

 

During the fiscal year ended November 30, 2025 and for the period from December 14, 2023 (inception) through November 30, 2024, and the subsequent interim period through the date of this report, neither the Company, nor anyone on its behalf, consulted CBIZ CPAs regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered with respect to the consolidated financial statements of the Company, and no written report or oral advice was provided to the Company by CBIZ CPAs that was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a “disagreement” (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a “reportable event” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).

 

Item 7.01 Regulation FD Disclosure. 

 

On August 5, 2026, the Company issued a press release announcing the engagement of CBIZ CPAs (the “Press Release”). A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information in Item 7.01 of this Current Report on Form 8-K, including the Press Release furnished as Exhibit 99.1 hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. 

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Press Release, dated August 5, 2026
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  EAGLE NUCLEAR ENERGY CORP.
   
Date: August 5, 2026 /s/ Manavdeep Mukhija
  Name: Manavdeep Mukhija
  Title: Chief Executive Officer and Chairman

 

 

 

 

Exhibit 99.1 

 

 

 

Eagle Nuclear Energy Selects CBIZ CPAs P.C. as Independent Registered Public Accounting Firm

 

The engagement aligns with Eagle's continued progress on the Aurora Uranium Project and broader nuclear energy initiative

 

RENO, NV, August 5, 2026 Eagle Nuclear Energy Corp. (“Eagle” or the “Company”) (NASDAQ: NUCL), a next-generation nuclear energy company that owns one of the largest conventional, measured and indicated uranium deposits in the United States, today announced that following a thorough evaluation process, it’s Audit Committee, with the approval of the Board of Directors has engaged CBIZ CPAs P.C. (“CBIZ CPAs”) to serve as the Company’s independent registered public accounting firm.

 

“Eagle continues to work towards development of an integrated nuclear energy platform combining domestic uranium resources with advanced SMR technology,” said Eagle CEO Mark Mukhija. “Working with CBIZ CPAs provides us with an independent auditor who will bring specialized expertise across the energy and mining sectors. We are pleased to welcome the CBIZ CPAs team and look forward to all that is ahead.”

 

Eagle has continued to build momentum since its public debut in February 2026, advancing initiatives that support the future of domestic nuclear energy. Anchored by the development of the Company’s flagship Aurora Uranium Project (“Aurora”), one of the largest undeveloped uranium deposits in the US, Eagle is advancing toward a Pre-Feasibility Study (“PFS”) scheduled for completion in late-2027. Eagle’s Aurora site alongside the Company’s advanced SMR technology gives the Company the ability to help restore a secure domestic nuclear supply chain that addresses the rapid growth in energy demand.

 

About Eagle Nuclear Energy Corp.

 

Eagle Nuclear Energy Corp. is a next-generation nuclear energy company that combines domestic uranium exploration with access to certain small modular reactor (“SMR”) technology. The Company owns one of the largest conventional, measured, and indicated uranium deposits in the United States, located in southeastern Oregon. This includes the Aurora deposit, with 32.75Mlbs Indicated and 4.98Mlbs Inferred (SK-1300 TRS) of near-surface uranium resource, and the adjacent Cordex deposit, which the Company believes offers potential to expand the project’s overall resource inventory. BBA USA Inc. previously completed Aurora’s S-K 1300 Mineral Resource Estimate and authored the related Technical Report Summary in August 2025, providing technical continuity as the Project advances. By integrating advanced SMR technology with a sizeable uranium asset, Eagle is building an integrated nuclear platform positioned to support domestic nuclear energy development.

 

For more information about Eagle Nuclear Energy Corp., visit www.eaglenuclear.com.

 

 

 

 

 

Cautionary Note Regarding Forward-Looking Statements

 

Certain statements included in this press release are not historical facts but are forward-looking statements. All statements other than statements of historical facts contained in this press release are forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements by words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “strategy,” “future,” “opportunity,” “may,” “target,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” “preliminary,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements include, without limitation, Eagle’s, or its management team’s expectations concerning the inclusion of Eagle on the Solactive Index and qualification to be included on the Global X Uranium ETF; the technical feasibility, validation, regulatory pathway, and future development of Eagle’s SMR program; Eagle’s ability to work with third-party technology providers and technical partners; the outlook for Eagle’s business; the ability to execute Eagle’s strategies and reach permitting, licensing, technical, development, and operational milestones timely or at all; projected and estimated financial performance; anticipated industry trends; the future price of minerals; future capital expenditures; success of exploration activities; mining or processing issues; government regulation of mining operations, nuclear energy development, advanced reactor technologies, and related licensing activities; and environmental risks; as well as any information concerning possible or assumed future results of operations of Eagle. The forward-looking statements are based on the current expectations of the management teams of Eagle, and are inherently subject to uncertainties and changes in circumstance and their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (i) market risks; (ii) the effect of the Company’s previously completed business combination with Spring Valley Acquisition Corp. II (the “Business Combination”) on Eagle’s business relationships, performance, and business generally; (iii) risks that the Business Combination disrupts current plans of Eagle and potential difficulties in its employee retention as a result of the Business Combination; (iv) the outcome of any legal proceedings that may be instituted against Eagle related to the Business Combination; (v) failure to realize the anticipated benefits of the Business Combination; (vi) the inability to maintain the listing of Eagle’s securities on Nasdaq Capital Market or a comparable exchange; (vii) the risk that the price of Eagle’s securities may be volatile due to a variety of factors, including changes in laws, regulations, technologies, natural disasters or health epidemics/pandemics, national security tensions, and macro-economic and social environments affecting its business; (viii) fluctuations in spot and forward markets for uranium and certain other commodities (such as natural gas, fuel oil and electricity); (ix) restrictions on mining in the jurisdictions in which Eagle operates; (x) laws and regulations governing Eagle’s operation, exploration and development activities, and changes in such laws and regulations; (xi) Eagle’s ability to obtain or renew the licenses and permits necessary for the operation and expansion of its existing operations and for the development, construction and commencement of new operations; (xii) Eagle’s ability to validate, develop, license, finance, construct, commercialize, or deploy SMR technology on anticipated timelines or at all; (xiii) risks relating to nuclear energy regulation, licensing, permitting, safety review, public acceptance, and government policy; (xiv) risks that AI-enabled modeling, simulation, optimization, or other technical workstreams do not produce anticipated results or do not translate into commercially viable or licensable reactor technology; (xv) risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, potential unintended releases of contaminants, industrial accidents, unusual or unexpected geological or structural formations, pressures, cave-ins and flooding); (xvi) inherent risks associated with tailings facilities and heap leach operations, including failure or leakages; the speculative nature of mineral exploration and development; the inability to determine, with certainty, production and cost estimates; inadequate or unreliable infrastructure (such as roads, bridges, power sources and water supplies); (xvii) environmental regulations and legislation; (xviii) the effects of climate change, extreme weather events, water scarcity, and seismic events, and the effectiveness of strategies to deal with these issues; (xix) risks relating to Eagle’s exploration operations; (xx) fluctuations in currency markets; (xxi) the volatility of the metals markets, and its potential to impact Eagle’s ability to meet its financial obligations; (xxii) disputes as to the validity of mining or exploration titles or claims or rights, which constitute most of Eagle’s property holdings; (xxiii) Eagle’s ability to complete and successfully integrate acquisitions; (xxiv) increased competition in the mining industry for properties and equipment; (xxv) limited supply of materials and supply chain disruptions; (xxvi) relations with and claims by indigenous populations; (xxvii) relations with and claims by local communities and non-governmental organizations; and (xxviii) the risk that other capital needed by Eagle may not be raised on favorable terms, or at all. The foregoing list is not exhaustive, and there may be additional risks that Eagle presently does not know or that Eagle currently believes are immaterial. You should carefully consider the foregoing factors, any other factors discussed in this press release and the other risks and uncertainties described in the registration statement on Form S-1 initially filed by Eagle on March 19, 2026, and any amendments or supplements thereto, and those discussed and identified in other filings made with the SEC by Eagle from time to time, which may be found on the SEC’s website at www.sec.gov. Eagle cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth in this press release speak only as of the date of this press release. Eagle undertakes no obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking statement is updated, no inference should be made that Eagle will make additional updates with respect to that statement, related matters, or any other forward-looking statements.

 

Investor Relations Contact:

 

775-335-2029 

Investors@eaglenuclear.com

 

Media Relations Contact:

 

Gateway Group 

Zach Kadletz, Brenlyn Motlagh 

949-574-3860 

Eagle@Gateway-grp.com

 

 

Filing Exhibits & Attachments

5 documents