Spring Valley Acquisition Merges with Eagle Energy Metals: A Strategic Move to Enhance Market Presence

Spring Valley Acquisition Corp. II has merged with Eagle Energy Metals Corp., with SVII redomiciling to Nevada and converting shares and warrants into common stock. The agreement includes an earnout provision and various covenants and conditions for closing. The merger aims to enhance SVII's market presence and operational capabilities, with potential implications for stakeholders and stock price impacts.

Eagle Energy Metals Corp. and Spring Valley Acquisition Corp. II (SVII) have entered into a definitive agreement and plan of merger, with SVII redomiciling to Nevada and converting shares and warrants into common stock. The merger aims to enhance SVII's market presence and operational capabilities, with potential implications for stakeholders and stock price impacts.

The merger agreement, valued at a pro-forma equity value of $312 million, includes an earnout provision and various covenants and conditions for closing. Eagle Energy Metals Corp. holds the rights to the largest mineable, measured and indicated uranium deposit in the United States, located in southeastern Oregon. The Aurora deposit, with over 50 million pounds of near-surface uranium resource, and the adjacent Cordex deposit, which offers significant potential to expand the project's overall resource inventory, will be key assets for the merged entity.

Upon closing, the combined company is expected to be named "Eagle Nuclear Energy Corp." and will list its common stock and warrants on the Nasdaq. The merger is expected to be completed in late 2025, subject to customary closing conditions, including regulatory and stockholder approvals. There is no minimum cash condition to close the transaction.

Eagle Energy Metals Corp. is led by CEO Mark Mukhija, who has nearly two decades of global mining and mining technology experience with major industry players. SVII's Chairman and CEO Chris Sorrells and CFO Robert Kaplan contribute over 40 years of combined investing and advising experience. Their first SPAC transaction was a successful partnership with NuScale Power, resulting in the first publicly traded company focused on SMR technology, which is currently trading over $50 per share.

The merger brings together veteran leadership with deep expertise in nuclear energy, natural resources, and capital markets. Eagle Energy Metals Corp. is developing a leading domestic nuclear energy platform, anchored by its significant uranium deposit and SMR technology, providing a unique, first-mover advantage to address the structural undersupply of uranium produced in the U.S.

As the gap between power generation's supply and demand widens, the U.S. faces a growing dependence on foreign uranium. In 2023, U.S. utilities purchased more than 50 million pounds of uranium, of which less than 5% was obtained from limited domestic production, and over 95% was sourced from abroad. The Trump administration has recently signed four executive orders aimed at removing regulatory barriers to nuclear growth in the U.S., helping to streamline nuclear reactor approvals and quadruple U.S. nuclear power over the next 25 years. This political support provides tailwinds for Eagle's mission to help re-establish America's nuclear energy independence and leadership in nuclear technology.

References:
[1] https://www.globenewswire.com/news-release/2025/07/31/3125008/0/en/Eagle-Energy-Metals-Rightholder-of-the-Largest-Mineable-Measured-and-Indicated-U-S-Uranium-Deposit-to-go-Public-via-Business-Combination-With-Spring-Valley-Acquisition-Corp-II.html