Eagle Nuclear Energy Corp. (NUCL) SEC Filings & Earnings Calls
EquiReason read 12 Eagle Nuclear Energy Corp. SEC filings in the last 12 months. Latest: 10-Q on 2026-10-13 — Pre-revenue company reported increased net loss due to stock-based compensation and warrant liability changes; cash position strengthened post-de-SPAC..
Source: SEC EDGAR filings · read by EquiReason
- Market cap
- 141.9M
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- Next earnings
- 15 Oct, in -9 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
13 Oct 202610-QPre-revenue company reported increased net loss due to stock-based compensation and warrant liability changes; cash position strengthened post-de-SPAC.earningsopen
Figures in the filing · each found in the filing text
| Cash and restricted cash · Q3-2026 | $26M | |
| Net loss · 9M-2026 | $-22M | |
| General and administrative expenses · 9M-2026 | $11M | |
| Mineral rights · Q3-2026 | $13M | |
| Working capital · Q3-2026 | $25M | |
| Operating cash flow · 9M-2026 | $-7M | |
| Free cash flow · 9M-2026 | $-7M |
Risks flagged
Pre-revenue exploration stage
“We have not generated profits or revenues and do not expect to do so in the near term.” · word for word
Dependence on additional financing
“in order to advance any of its projects past the aforementioned objectives, the Company will need to raise additional funds.” · word for word
SMR technology not commercially viable
“Our licensed SMR technology is at an early stage, may never achieve commercial viability” · word for word
Uranium price volatility
“Volatility in uranium prices may adversely affect the economic viability of the Aurora Uranium Project” · word for word
13 Oct 20268-K · 2.02Eagle Nuclear Energy provided a corporate update for Q3 2026, highlighting progress on the Aurora Uranium Project and SMR technology, with a cash balance of $25.5M and no debt.earningsopen
Figures in the filing · each found in the filing text
| cash balance · Q3-2026 | $26M |
Risks flagged
Permit approvals from Oregon state regulators are pending before drilling can commence, causing potential delays.
“We are currently awaiting the necessary permit approvals from Oregon state regulators before commencing drilling activities at Aurora.” · word for word
4 Aug 20268-K · 4.01, 5.02Director Robert Kaplan not standing for re-election; auditor resignation with going concern and material weakness noted.open
Risks flagged
Going concern uncertainty and material weakness in internal controls.
“Audit report included going concern paragraph; material weakness in control environment.”
20 Jul 202610-QEagle Nuclear Energy reported a net loss of $26.5M for H1 FY2026, primarily due to non-cash warrant liability changes and increased operating costs post-de-SPAC.earningsopen
Figures in the filing · each found in the filing text
| Net loss · Q3-2026 | $-27M | +1468% y/y |
| Cash and cash equivalents · Q3-2026 | $28M | |
| Working capital · Q3-2026 | $27M | +4272% y/y |
| Net cash used in operating activities · Q3-2026 | $-5M | |
| Net cash provided by financing activities · Q3-2026 | $32M |
Risks flagged
Pre-revenue stage
“The Company has not yet commenced its principal operations as of May 31, 2026.” · word for word
Warrant liability volatility
“Change in fair value of warrant liability for the six months May 31, 2026, was a loss of $17,750,724” · word for word
Permit and regulatory risk
“subject to requisite permit approvals from the federal Bureau of Land Management (“BLM”) and the Oregon Department of Geology and Mineral Industries (“DOGAMI”)” · word for word
20 Jul 20268-K · 2.02Eagle Nuclear Energy provided a corporate update for Q2 2026, highlighting progress on the Aurora Uranium Project and SMR technology development, with $28.1M cash and no debt.open
Figures in the filing · each found in the filing text
| Cash balance · Q2-2026 | $28M | |
| Indicated uranium resource · Aurora · Q2-2026 | $33M | |
| Inferred uranium resource · Aurora · Q2-2026 | $5M |
Risks flagged
Pre-feasibility study not expected until late 2027; significant execution risk.
“PFS scheduled for completion in late-2027.” · word for word
Regulatory and permitting risks for uranium mining and SMR development.
“Permit applications with BLM and DOGAMI; environmental baseline studies.”
15 Apr 20268-K · 2.02Eagle Nuclear Energy provides Q1 corporate update; no revenue or earnings; cash $31.3M, no debt; drill program at Aurora scheduled July 2026; PFS expected H2 2027; business combination completed in Feb 2026.open
Figures in the filing · each found in the filing text
| Cash · Q1-2026 | $31M | |
| Indicated uranium resource · Aurora · FY2026 | 32,750,000 | |
| Inferred uranium resource · Aurora · FY2026 | 4,980,000 |
Risks flagged
Pre-revenue exploration stage company with no operating history; drill program and PFS are subject to permitting and operational risks.
“The Company is a pre-revenue exploration stage company; drill program scheduled to commence July 2026 subject to permit approvals.”
Forward-looking statements caution about uncertainties in achieving milestones and future performance.
“Extensive forward-looking statement cautionary language included in the press release.”
15 Apr 202610-QFirst quarterly report post-de-SPAC: net loss widened to $1.47M, cash position strengthened to $31.4M after $29.7M PIPE and de-SPAC, no revenue, pre-operational stage.earningsopen
Figures in the filing · each found in the filing text
| Cash and restricted cash · Q1-2026 | $31M | |
| Net loss · Q1-2026 | $-1M | +121% y/y |
| Working capital · Q1-2026 | $31M | |
| Total operating expenses · Q1-2026 | $1M | +119% y/y |
| Mineral rights · Q1-2026 | $13M | |
| Warrant liability · Q1-2026 | $4M | |
| Redeemable preferred stock (mezzanine) · Q1-2026 | $26M | |
| Common shares outstanding · Q1-2026 | 29,579,313 | |
| Loss per share (basic and diluted) · Q1-2026 | $-0.08 | +100% y/y |
Risks flagged
Pre-revenue exploration stage with no operating history
“The Company has not yet commenced its principal operations as of February 28, 2026.” · word for word
Significant warrant overhang and potential dilution
“As of February 28, 2026, the following share purchase warrants were outstanding: 23,422,133 warrants.” · word for word
SMR technology is conceptual and unproven
“Our SMR development remains conceptual and faces significant technical risk.” · word for word
Dependence on single license for SMR technology
“We depend entirely on a single license for our SMR technology platform.” · word for word
Material weakness in internal controls
“our disclosure controls and procedures were not effective because of a material weakness in our internal control over financial reporting.”
Eagle Nuclear Energy Corp. — questions
- What did Eagle Nuclear Energy Corp. file recently?
- 12 SEC filings in the last 12 months. Latest: 10-Q on 2026-10-13 — Pre-revenue company reported increased net loss due to stock-based compensation and warrant liability changes; cash position strengthened post-de-SPAC.
Every figure on this page comes from Eagle Nuclear Energy Corp.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.