Eagle Energy Metals will be the first domestic uranium resource exploration firm with SMR Technology.On December 14, 2021, NuScale announced its business combination with Spring Valley Acquisition Corp. at a pro forma enterprise value of ~$1.9B
The merged company announced the closing of the transaction on May 2, 2022, and is now publicly traded on Nasdaq under the ticker symbol “SMR”. As of market close on August 22, 2025, NuScale’s fully diluted market cap was 2 Target Summary
KEY HIGHLIGHTS:
• Designs & markets small modular reactors (SMR), first-to-market advanced nuclear technology with NRC approval and $1.3B+ invested
• First-of-its-kind projects backed by a ~$1.4B DOE cost share with 20 additional global MOUs and 90+ customer opportunities in the pipeline
• Capex-light model offering recurring services, underpinned by strategic partners $10.3B and share price was $35.04
KEY HIGHLIGHTS:
• The company secured $381M in gross proceeds, including a $235M PIPE backed by global strategic investors
• Proceeds to accelerate commercialization of NuScale’s SMR technology
• 37.4% redemption rate, representing the 5th fewest redemptions of the year
• 12M+ shares were traded within the first 30 trading days
Structure
• Eagle Energy Metals & Spring Valley Acquisition Corp. II have entered into a definitive agreement and plan of merger
• A fundamental institutional investor will commit up to $30M investment in form of Series A Convertible Preferred Stock, funded at the closing of the business combination
• Use of proceeds includes (1) corporate and public company cost (2) mining advancement (3) SMR phase 1 development & (4) transaction expenses Evaluation(2)
• Preliminary pre-money rollover to Eagle Shareholders of $206M, before any funding
• Implied pro forma equity value of $312M(3)
• Eagle Energy Metals shareholders will roll 100% of their equity • Compelling De-SPAC valuation compared to peers in the uranium & SMR sector
Conditions & Expenses
• No minimum cash condition
• Total expenses associated with the Transaction are currently anticipated to be $7M
• Some of Spring Valley’s estimated $5.0M transaction expenses are expected to be paid in stock
See Eagle Energy website for details.
Managed & Built by I2M Consulting, LLC | © 2010-
