Eagle Nuclear Energy Corp. · NASDAQ:NUCL
Eagle Nuclear Energy — Eagle Energy Metals — SPAC Merger (July 2025)
28 slides from Eagle Nuclear Energy's SPAC merger presentation, July 2025
Slide 1: Powering America: From the Ground to the Grid
Powering America: From the Ground to the Grid INVESTOR PRESENTATION 2025 STRICTLY PRIVATE & CONFIDENTIAL
Slide 2: Legal Disclaimers
Legal Disclaimers The information contained in this presentation is provided solely to assist interested parties in making their own evaluation with respect to a potential business combination between Eagle Energy Metals Corp. (“Eagle Energy Metals” or the “Company”) and Spring Valley Acquisition Co
Slide 3: Legal Disclaimers (Cont’d)
Legal Disclaimers (Cont’d) strategies; projected and estimated financial performance; anticipated industry trends; the future price of minerals; future capital expenditures; success of exploration activities; mining or processing issues; government regulation of mining operations; and environmental
Slide 4: Today’s Speakers
Today’s Speakers Mark Mukhija, P. Eng Kuljit (Jeet) Basi Yana Popova, CPA Chris Sorrells Robert Kaplan Justus Parmar Chief Executive Officer VP of Project Chief Financial Chairman & Chief Financial Founder & Chief & Director Development & Director Officer Chief Executive Officer Officer Executive Of
Slide 5: Our Sponsor | Spring Valley Acquisition Corp. II
Our Sponsor | Spring Valley Acquisition Corp. II Leadership Team with Deep Expertise(1) History of Value Creation ~$3.2B Chris Sorrells Robert Kaplan >10x Chairman & CEO CFO $289M 2012 IPO 2022 Acquired by Chevron Market Cap 44+ years of combined investing track record in the natural resources indus
Slide 6: Case Study
Case Study NuScale and Spring Valley partner to form a first of its kind, publicly traded bellwether focused on SMR technology 1 2 3 Transaction Overview Target Summary Financing Summary(1) KEY HIGHLIGHTS KEY HIGHLIGHTS KEY HIGHLIGHTS • On December 14, 2021, NuScale announced • Designs & markets sma
Slide 7: Transaction Overview
Transaction Overview Structure Conditions & Expenses • Eagle Energy Metals & Spring Valley Acquisition Corp. II have • No minimum cash condition entered into a definitive agreement and plan of merger • Total expenses associated with the Transaction are currently anticipated to be $7M • A fundamental
Slide 8: Visionary Leadership & Advisors
Visionary Leadership & Advisors Robert L. Greene Lauritz Barnes Energy Executive | MAIG Resource Geologist, Navy Rear Admiral (Ret) Aurora Energy Mark Mukhija, P. Eng Kuljit (Jeet) Basi Yana Popova, CPA Chief Executive Officer VP of Project Development & Director Chief Financial Officer • 16 years+
Slide 9: Paradigm Change
Paradigm Change THE WHITE HOUSE EXECUTIVE ORDERS WASHINGTON Highlights of the Orders ✓ Streamline nuclear reactor approvals by restructuring the Nuclear Regulatory Commission (NRC) May 23, 2025 ✓ Quadruple U.S. nuclear power over the next 2.5 decades President Trump delivers 4 executive orders to re
Slide 10: Upswing in Uranium / SMR Stock Prices
Upswing in Uranium / SMR Stock Prices Uranium & SMR stocks have seen a valuation reset following President Trump's recent executive orders aimed at revitalizing the U.S. nuclear industry Stock Performance Since May 22, 2025 Close 49.9% 123.1% 74.2% 31.3% 90.6% 48.0% 97.8% Select Uraniu
Slide 11: Investment Highlights
Investment Highlights The rapid growth of AI, quantum computing & cryptocurrency is creating unprecedented electricity demand, 01 straining global grids & increasing reliance on always-on, high-density power sources like nuclear energy The historical underinvestment in uranium supply due to lower ur
Slide 12: Growing Electricity Demand…
Growing Electricity Demand… Historical U.S. power demand has remained mostly flat since the Electricity Demand Estimated to Almost TRIPLE by 2050 Context mid-2000s, reflecting years of modest growth, until now 76,838 World Electricity Demand (Terawatt-hour – TWh) Surging Utilities have nearly double
Slide 13: …that can be Addressed by Nuclear Energy
…that can be Addressed by Nuclear Energy The Right foundation… …backed by federal support U.S. is the world's largest nuclear power producer, U.S. Energy Secretary Chris Wright unveiled the "Golden Era operating 94 reactors across 54 plants in 28 states and of American Energy Dominance“, highlightin
Slide 14: Tech Giants Tap Nuclear Energy to Power AI
Tech Giants Tap Nuclear Energy to Power AI “We estimate that one query to ChatGPT could use as much electricity as one lightbulb for about 20 minutes.” - Allen Institute for AI Constellation Energy to restart Three Mile Trump announces a $500 billion AI Island nuclear plant, sell the power to infras
Slide 15: Structural Deficit in the Uranium Market
Structural Deficit in the Uranium Market Global Uranium Demand / Supply Model 450 Rise of AI: Data centers could drive significant uranium demand, Demand - 30+ countries potentially adding ~100Mlbs to demand by 2040 call to triple global 400 nuclear capacity by 2050 Demand Growing Reactor Fleet: Asi
Slide 16: Limited Domestic Uranium Production
Limited Domestic Uranium Production Uranium Sources in 2023 • The U.S. is the world’s largest 5% consumer of Uranium (2023 U.S, Uranium concentrate production in the U.S. (2000 – 2024) Utilities purchased >50Mlbs)(1) 6,000,000 10% 5,500,000 27% 5,000,000 • Domestic production is limited, 4,500,000 a
Slide 17: Our Mineable Uranium Deposit: Eagle Aurora
Our Mineable Uranium Deposit: Eagle Aurora (2) EAGLE ENERGY METALS PROJECT: Sound fundamentals underpin the Project OR The Largest ID Mineable, Measured WY & Indicated Uranium Resource Quality Great Infrastructure Deposit in the U.S.(1) • Substantial size • Former mining district • 50.6Mlbs(1) throu
Slide 18: The Largest Mineable, Measured & Indicated Deposit in the U.S.
The Largest Mineable, (1) Measured & Indicated Deposit in the U.S. Eagle Energy Metals Project Aurora Deposit Snapshot • Size: 50.6Mlbs(1) • Shallow & Near-surface • 500 Holes Drilled • Low-cost Open Pit • Low Geological Risk • Flat Tabular Deposit • Open to the Northwest Source: ASX 23 November 202
Slide 19: Potential Uranium Resource Upside: Cordex
Potential Uranium Resource Upside: Cordex Cordex claims on NE boundary over Graben fault Deposit Snapshot Landscape Snapshot • Size: >25Mlbs(1) • Adjacent to Aurora • 100 Holes Drilled Bird’s Eye Area Map • Digitizing Existing Holes (1) Based on preliminary geologist estimates. STRICTLY PRIVATE & CO
Slide 20: Strong Pathway to Development
Strong Pathway to Development Leveraging a well-defined uranium resource, extensive drilling data, existing infrastructure, and access to low-cost hydropower to efficiently advance a strategically located project through a supportive permitting environment Eagle Energy Metals Project Plan Extensive
Slide 21: Permitting Path Forward
Path Forward 2025 2026 2027 2028+ Met Testing & Exploration Pre-feasibility Preparation Pre-feasibility Completion Commissioning & Production • U₃O₈ metallurgical test work • Sample collection for Pre- • Pre-Feasibility Study (PFS) • Complete DFS in late 2028 Uranium Program • Exploration drilling t
Slide 22: The MMR Reactor: Eagle VSLLIM
The MMR Reactor: Eagle VSLLIM (1) A Longitudinal Cross-section View of the VSLIMM Reactor Description A very-small, long-life, modular (VSLLIM) reactor that is walk away safe, smaller than a shipping container, and can be factory mass produced off site Features • Reactor Type: Liquid Metal Cooled Fa
Slide 23: The SMR Reactor: Eagle SLLIM
The SMR Reactor: Eagle SLLIM (1) A Longitudinal Cross-section View of the SLIMM Reactor Description A larger, modular reactor designed to meet higher local energy demands with flexibility, efficiency, and scalability. Ideal for larger communities and data centers Features • Reactor Type: Liquid Meta
Slide 24: Our SMR Industry Partners
Our SMR Industry Partners Note: Eagle Energy has initiated discussions and signed LOIs with some of the industry partners show above. STRICTLY PRIVATE & CONFIDENTIAL © 2025 EAGLE ENERGY METALS CORP. 24
Slide 25: Valuation Benchmarking
Valuation Benchmarking Implied Equity Value vs. Peers ($M) Average: $7,438 $34,783 $15,216 Median: $4,014 $13,644 $4,471 $11,839 $4,014 $5,144 $2,212 $2,005 $1,944 Implied Pro Forma Equity Value $579 $529 $312 Source: FactSet data as of 7/28/2025. Equity value for peers calculated on a fully diluted
Slide 26: Peer Performance Since IPO
Peer Performance Since IPO Implied Equity Value at IPO / de-SPAC vs. Current for Select Peers ($M) Market Cap at IPO Market Cap Today Growth Rate $34,783 Implied Pro Forma 936% Equity $15,216 ? $13,644 $11,839 Value 568% 484% 1,138% 1,214% $1,944 $3,357 $2,276 $2,337 $312 $957 $148 Key Institutional
Slide 27: A Massive Value Creation Opportunity
A Massive Value Creation Opportunity The Right Uranium Clear Pathway to SMR Prominent Uranium Asset Market Tailwinds Production Upside Stakeholders • Exclusive option to acquire • Chronic underinvestment • Well-defined uranium • SMRs are emerging as the • Visionary leadership with the largest(1) min
Slide 28: Thank You
Thank You Eagle Energy Metals Corp. 5470 Kietzke Lane, Suite 3000, Reno, NV 89511 Phone: +1-775-335-2029 www.eagleenergymetals.com Powering America: From the Ground to the Grid INVESTOR PRESENTATION 2025 STRICTLY PRIVATE & CONFIDENTIAL