Oct 13, 2026, 5:08 PM ETBasic Materials

Eagle Nuclear Energy Corp. — Third Quarter 2026 Earnings Summary

NUCLEAGLE NUCLEAR ENERGY CORP

Financial Performance

Cash balance as of August 31, 2026, was $25.5 million.
The Company reported no outstanding interest-bearing debt.
Liabilities consisted primarily of operating obligations.
Specific revenue, earnings, profit margins, or cash flow figures are not disclosed in this press release; detailed quarterly financial results are available in the 10-Q filed with the SEC on October 13, 2026.

The Pre-Feasibility Study (PFS) for the Aurora Project is expected to be completed in the second half of 2027.
Drilling activities at Aurora are pending necessary permit approvals from Oregon state regulators.
Management aims to advance an integrated nuclear energy platform combining domestic uranium resources with advanced SMR technology.

Aurora Project: Hosts the largest conventional, measured, and indicated uranium deposit in the United States, located in southeastern Oregon. The resource inventory includes 32.75 million pounds of Indicated and 4.98 million pounds of Inferred uranium (SK-1300 TRS). The adjacent Cordex deposit is viewed as having potential to expand the project's resource inventory.
SMR Technology: Progress continues on the proprietary Small Modular Reactor (SMR) platform. In June 2026, the Company engaged Tensor Medium Corporation to provide AI-enabled reactor modeling and simulation capabilities to optimize next-generation SMR design.
Strategic Partnerships: In July 2026, the Company announced partnerships with Yukuskon Professional Services, LLC, BBA USA Inc., and SLR International Corporation to support the Aurora drill program and PFS execution. In September 2026, LSN Partners was appointed to lead government affairs, with former Azarga Uranium CEO Blake Steele advising on uranium strategy.

In June 2026, Eagle was added to the Sprott Junior Uranium Miners ETF (NASDAQ: URNJ).
In August 2026, Eagle was named to the Solactive Global Uranium & Nuclear Components Total Return Index.
Inclusion in the Solactive Index qualifies Eagle for the Global X Uranium ETF (NYSE Arca: URA), which holds approximately $5 billion in net assets.
The Company selected CBIZ CPAs P.C. as its independent registered public accounting firm in August 2026.

The press release outlines numerous forward-looking risks, including the ability to obtain or renew necessary licenses and permits, fluctuations in uranium and commodity prices, environmental regulations, and the speculative nature of mineral exploration.
Specific risks include potential delays in drilling due to regulatory approvals, risks associated with nuclear technology development, supply chain disruptions, and the volatility of the metals markets.
Risks also encompass relations with indigenous populations and local communities, as well as the potential for inadequate infrastructure.

CEO Mark Mukhija stated the Company maintained a disciplined approach to advancing core assets and building momentum since its public debut in February 2026.
Management expressed confidence in the strategic positioning to become a key contributor to the long-term security of America's domestic nuclear fuel supply chain.
The tone emphasized progress in gathering critical data, evaluating sustainable development practices, and establishing partnerships to support Aurora's long-term growth.

The Company is building an integrated nuclear platform by combining its sizeable uranium asset with access to advanced SMR technology.
The press release serves as a corporate update for the third quarter ending August 31, 2026, rather than a full financial earnings report.
The Company's public debut occurred in February 2026.