Eagle Nuclear Energy Corp. reported results for the quarter ended May 31, 2026, posting a larger net loss and wider loss per share versus the year-ago period as the company advanced its small modular reactor (SMR) program and uranium exploration activities while transitioning to a public company.
Financial Highlights
- Net loss: Net loss attributable to common stockholders of $(25.81M) for the three months ended May 31, 2026, compared with a net loss of $(1.03M) in the year-ago quarter.
- Six-month result: Net loss attributable to common stockholders of $(27.31M) for the six months ended May 31, 2026, versus $(1.69M) in the prior-year six-month period.
- Diluted EPS: Loss per share, basic and diluted, of $(0.87) for the three months ended May 31, 2026, versus $(0.06) in the year-ago quarter; $(1.11) for the six months versus $(0.10) year-ago.
Business Highlights
- SMR program advancement: Engaged Tensor Medium for reactor modeling, simulation and licensing readiness to accelerate small modular reactor development.
- Uranium exploration progress: Completed acquisition of Oregon Energy and now holds approximately 43 km² of claims at the Aurora Uranium Project, with pre-drill baseline studies underway.
- Drill program preparation: Signed drilling services and permitting agreements for a planned 27,000 ft summer 2026 drill campaign, pending BLM and DOGAMI approvals.
- Public company transition and funding: Completed de‑SPAC listing on Nasdaq (tickers NUCL / NUCLW) and closed a $29.7M PIPE to fund operations and exploration.
- Scaling operations and talent: Expanded corporate footprint with new Vancouver and New York offices, hired executives, and added licensing, investor relations and R&D staff.
Original SEC Filing:
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