Eagle Nuclear Energy said it held $28.1 million in cash and had no outstanding interest-bearing debt as of May 31, 2026, in a second-quarter corporate update. The company highlighted progress on its Aurora uranium project toward a planned pre-feasibility study and advancement of its Small Modular Reactor program. Management noted environmental baseline work, permitting activity and new contractor partnerships ahead of a PFS-focused drill program.
Financial Highlights
- Cash balance of $28.1 million at May 31, 2026.
- No outstanding interest-bearing debt as of May 31, 2026.
- Liabilities consist primarily of operating obligations (no further quantified financial metrics provided).
- Additional quarterly financial details available in the company’s Form 10-Q filed July 20, 2026.
Business Highlights
- Advancing the Aurora Uranium Project toward a pre-feasibility study (PFS) targeted for completion in late 2027, emphasizing drill programs to supply PFS studies.
- Completed environmental and site-readiness initiatives and launched an expansive environmental baseline studies campaign, including meteorological station installation, wetland delineation and cultural surveys.
- Filed permit applications with the Bureau of Land Management and the Oregon Department of Geology and Mineral Industries and engaged Harris Exploration Drilling & Associates for the PFS drill program.
- Announced partnerships in July with Yukuskon Professional Services, BBA USA and SLR International Corporation to support execution of the Aurora drill program.
- Progressing SMR development via partnership with Tensor Medium to provide AI-enabled reactor modeling and simulation for next-generation SMR design optimization.
Original SEC Filing:
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