Eagle Nuclear Energy Corp. (NUCL) entered a binding letter of intent to acquire all of Noble Plains Uranium Corp.’s issued and outstanding shares in a proposed all-stock transaction. Each Noble Plains share would be exchanged for 0.0167 Eagle shares, based on an offer price of CAD $0.125 per share, approximately 92% above the CAD $0.065 closing price on October 29, 2026.
Specified LOI provisions are binding, but neither party is obligated to complete the transaction without a definitive agreement. The fixed exchange ratio has customary adjustments for stock splits and similar events. Eagle shares issuable, including upon option and warrant exercises, are expected not to exceed 5,907,109 shares, or 19.9% of common stock outstanding immediately before the October 30, 2026 effective date. If issuance would exceed the cap, Eagle would seek any approval required under Nasdaq Listing Rule 5635 or may satisfy the excess in cash. Closing remains subject to shareholder, court, listing and regulatory approvals.
The parties have 60 days for reciprocal due diligence and agreed to use commercially reasonable efforts to execute a definitive agreement within 60 days after October 30, 2026. Eagle agreed to make available a secured loan of up to CAD $500,000; loan documents have not been entered into and no funds have been advanced. Subject to the loan-document conditions, CAD $150,000 is to be advanced first and CAD $350,000 upon execution and delivery of the definitive agreement.
Eagle Nuclear Energy Corp. (NUCL) is the issuer whose common stock Steven Parhar reported beneficially owning: 1,873,064 shares, or 6.31% of the class. He reported sole voting and dispositive power over 1,873,064 shares, with shared voting and dispositive power over 0 shares. The percentage is based on 29,683,966 shares of common stock issued and outstanding for the quarter ended August 31, 2026.
Eagle Nuclear Energy Corp. (NUCL) director Jeffrey Herschel Lipton received 237,500 restricted stock units and options covering 12,500 common shares on October 8, 2026. The options have a $6.05 exercise price. Half of each award vested on the grant date; the remaining RSUs vest on the first anniversary and the remaining options on December 31, 2027, subject to continued service.
Eagle Nuclear Energy Corp. (NUCL) director Michael Helmut Kobler received 28,125 restricted stock units and an award of 9,375 stock options on October 8, 2026. The options have a $6.05 exercise price. After the awards, his reported direct position was 56,250 shares of common stock, certain of which are RSUs, and 9,375 options.
Brian Yale Goldmeier, a director of Eagle Nuclear Energy Corp. (NUCL), was granted 28,125 restricted stock units (RSUs) and options covering 9,375 shares on October 8, 2026. The options have a $6.05 exercise price. Half of each award vested on the grant date; the remaining half is scheduled to vest on the first anniversary, subject to continued service. His reported direct common-stock position after the RSU grant was 56,250 shares; certain securities in that position are RSUs.
Eagle Nuclear Energy Corp. Chief Financial Officer Ajaypreet Singh Toor received 63,000 restricted stock units and 21,000 stock options on October 8, 2026. One-third of the RSUs vested on the grant date, with the remaining thirds to vest on the first and second anniversaries, subject to continued service. The options have a $6.05 exercise price and the same vesting schedule. Reported direct common-stock holdings following the grant were 105,000 shares, including certain RSUs.
Eagle Nuclear Energy Corp. (NUCL) CEO and Chairman Manavdeep Singh Mukhija received a grant of 183,333 restricted stock units on October 8, 2026. Each RSU represents a contingent right to receive one common share. One-half vested on the grant date; the remaining one-half will vest on the first anniversary, subject to continued service and the award terms and 2025 Equity Incentive Plan. After the grant, he reported direct holdings of 748,126 shares, certain of which were RSUs.
Eagle Nuclear Energy Corp. (NUCL) provided a third-quarter 2026 operating update for the quarter ended August 31, 2026. As of August 31, the company had $25.5 million in cash and no outstanding interest-bearing debt; liabilities consisted primarily of operating obligations. Eagle describes its Aurora project in southeastern Oregon as containing 32.75 million pounds Indicated and 4.98 million pounds Inferred of near-surface uranium resource under the SK-1300 TRS.
Aurora drilling is awaiting Oregon state permit approvals. The planned Pre-Feasibility Study is expected to be completed in the second half of 2027, with Yukuskon Professional Services, BBA USA and SLR International engaged as operational contractors. Eagle’s SMR program includes Tensor Medium, whose AI-enabled reactor modeling and simulation capabilities are expected to support design optimization. Eagle was added to the Sprott Junior Uranium Miners ETF in June, named to the Solactive Global Uranium & Nuclear Components Total Return Index in August, and now qualifies for the Global X Uranium ETF, which had approximately $5 billion in net assets.
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. (NUCL) reports the results of its 2026 annual meeting of shareholders, where one proposal—the election of directors—was submitted for a vote. The meeting covered shares of common stock, par value $0.0001 per share.
As of the July 15, 2026 record date, there were 29,579,798 common shares outstanding and entitled to vote. At the meeting, 18,557,033 votes were represented in person or by proxy, or approximately 62.63% of eligible votes, constituting a quorum. Shareholders elected two Class I directors to serve until the 2029 annual meeting: Brian Goldmeier received 16,448,766 votes for and 2,108,267 withheld, and Ron Bloom received 16,802,067 votes for and 1,754,966 withheld.