Eagle Nuclear Energy (NUCL) Registration filing summary

Company overview and business model

• Operates as a next-generation nuclear energy company integrating domestic uranium exploration with proprietary small modular reactor (SMR) technology.

• Owns the largest mineable, measured, and indicated uranium deposit in the U.S. (Aurora Uranium Project, Oregon).

• SMR technology is based on liquid metal-cooled reactors, with exclusive licensing from UNMRI, University of New Mexico.

• Early-stage company with no current revenues and a history of net losses since inception.

• Plans to supply uranium to the nuclear industry and develop SMRs for clean, reliable energy.

Financial performance and metrics

• Net loss of $5.26 million for the year ended November 30, 2025; accumulated deficit of $6.28 million as of November 30, 2025.

• Cash balance of $1.3 million as of November 30, 2025; working capital of $621,306.

• No revenues to date; expects continued net losses and negative cash flows for the foreseeable future.

• Additional financing required to fund ongoing operations and growth; recent private placements and Regulation CF offering raised $8 million.

Use of proceeds and capital allocation

• Will not receive proceeds from the sale of shares by selling securityholders.

• May receive up to $270.6 million from the exercise of warrants, if exercised for cash; proceeds to be used for general corporate purposes.

• Proceeds from PIPE financing ($29.7 million) allocated between warrant liability and preferred stock.