Aurora Energy Metals (1AE) Q1 2026 TU earnings summary

Executive summary

• Progressed Nasdaq listing for Eagle Energy Metals Corp. via business combination with Spring Valley Acquisition Corp. II, with a registration statement lodged with the US SEC during the quarter.

• Final metallurgy optimisation for the Aurora Uranium Project confirmed consistent uranium recoveries of 82–86% and simplified the project flowsheet, reducing costs.

• Continued review and targeting of Western Australian projects, with field work scheduled for the December quarter.

Financial highlights

• Cash position at 30 September 2025 was approximately $1.1 million, with no debt.

• Net cash used in operating activities for the quarter was $224,000; net cash used in investing activities was $7,000.

• Estimated quarters of funding available is 5, based on current cash and outgoings.

Outlook and guidance

• Eagle's option to acquire the Aurora Uranium Project expires in mid to late November 2025, extendable by payment of an additional US$400,000 and further operational funding.

• Upon Eagle's listing, shareholders will have indirect exposure to both the uranium project and Eagle's small modular reactor platform.

• Planned work includes further metallurgical work, exploration drilling, pre-feasibility study in 2026, and definitive study work in 2028.