Inside America's Largest Conventional Measured and Indicated Uranium Deposit: Eagle Nuclear Energy Advances Aurora Toward Pre-Feasibility

Executive Summary

• Eagle Nuclear Energy has commenced environmental baseline studies at its flagship Aurora Uranium Project, located on the Oregon-Nevada border.
• The studies are a precursor to a major 27,000-foot, 47-hole drilling program scheduled to begin in July 2026.
• The company is advancing the project toward a Pre-Feasibility Study (PFS) targeted for the second half of 2027.

Key Details

• Aurora Uranium Project Resources: Contains 32.75 million pounds of indicated uranium and 4.98 million pounds of inferred uranium under the SK-1300 TRS reporting standard.
• Drilling Program Specifications:
  • Total footage: 27,000 feet.
  • Scope: 47 holes.
  • Schedule: Commencing early July 2026.
  • Duration/Equipment: Estimated 3-to-4 month period using two to three drill rigs.
• Contractors and Partners:
  • Drilling Services: Harris Exploration Drilling & Associates Inc. (contracted up to three track-mounted core drill rigs).
  • Resource Consultants: BBA USA Inc. (designed the drill program and conducted gap analysis).
  • Permitting: SLR International Corporation (leading the permitting effort).
• Additional Assets: The company also holds the adjacent Cordex deposit, which offers potential for resource expansion beyond the Aurora project.
• Market Context: Spot uranium pricing was approximately $86.55 per pound as of May 1, 2026.