Betting on U.S. Uranium: A Conversation with Eagle Energy Metals and Spring Valley II

SPACs have been highly active lately in taking public a new generation of nuclear technology companies, but in order for those companies to meet the power demand being driven by the boom in datacenter deployments, they are going to need a steady supply of uranium. This week, we speak with Mark Mukhidja, CEO of uranium mining firm Eagle Energy Metals, and Chris Sorrells, Chairman and CEO of Spring Valley Acquisition Corp. II (NASDAQ:SVII). The two announced a $312 million dollar combination back in July that would create a unique stock that is a pure play on US-based uranium production. Mark explains how the US went from being a leading uranium producer to one that imports nearly all of its uranium and how Eagle Energy’s Aurora project has the potential to start turning that around. Chris tells us why this upstream nuclear play is a logical follow-up to Spring Valley I’s successful combination with small nuclear reactor developer NuScale (NYSE:SMR) and why he believes this transaction is structured with both Eagle Energy’s short-term and long-term financing needs in mind.