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The Uranium Data Trade: Powering the Digital Grid
Uranium explorer Eagle Nuclear Energy debuts on Nasdaq after SPAC merger as data-center power demand boosts the nuclear trade
What happened
Eagle Nuclear Energy started trading on Nasdaq after completing a merger with blank-check firm Spring Valley Acquisition Corp II, and the stock was up about 14.6% intraday after the debut.
The company’s flagship “Aurora” project is described as one of the largest undeveloped uranium deposits in the U.S., located along the Oregon–Nevada border.
Management says there are no offtake agreements yet, but they’re getting early interest, with supply expected to…
The skinny
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