Eagle Energy Metals to go public via a SPAC with Spring Valley Acquisition Corp. II in a $312m deal.

Eagle Energy Metals, a nuclear energy company that combines domestic uranium exploration with proprietary Small Modular Reactor technology, to go public via a SPAC with Spring Valley Acquisition Corp. II, a special purpose acquisition company, in a $312m deal. “This business combination marks a major milestone in our growth and comes at a pivotal time for the nuclear energy sector. We’re advancing one of the largest mineable, measured and indicated uranium deposits in the US just as electricity demand continues to accelerate and the uranium market maintains a substantial structural deficit. Partnering with SVII provides the access to capital and expertise we need to fast-track Aurora, advance Cordex, and continue developing our SMR technology. Eagle is well-positioned to help rebuild a secure domestic nuclear supply chain precisely when it is needed most," Mark Mukhija, Eagle CEO.