Eagle Nuclear Energy is an early-stage company with two business lines: domestic uranium exploration and SMR technology development. Eagle's primary asset is the Aurora Uranium Project in Malheur County, Oregon, which it describes as the largest mineable, measured and indicated uranium deposit in the U.S., with an indicated resource of 32.75M lbs of U₃O₈ and an inferred resource of 4.98M lbs. Eagle acquired 100% of the project in February 2026 through its acquisition of Oregon Energy LLC. The project is at the exploration stage — no mining permits have been obtained, no processing method selected, and no commercially exploitable reserves established. Eagle plans to sell uranium to nuclear utilities, fuel fabricators, and advanced reactor developers. On the SMR side, Eagle holds an exclusive worldwide patent license from UNM Rainforest Innovations covering sodium-cooled, fast-spectrum SMR designs. Eagle is developing two reactor concepts: the VSLLIM, a micro-reactor producing 1–10 MWth targeting off-grid, military, and data center applications; and the SLIMM, a larger unit producing 10–100 MWth for industrial and grid-support use. Both designs use passive liquid sodium cooling and are designed for factory fabrication. Neither concept has a working prototype. Eagle generates no revenue and went public in February 2026 via a de-SPAC transaction, raising $29.7M in PIPE financing. As of February 2026, Eagle held roughly $31.3M in cash, which management believes covers about 24 months of operations.