Eagle Nuclear Energy Swings to $1.5M Loss as Cash Soars to $31.4M

Eagle Nuclear Energy Corp., a Nevada-based nuclear energy company, swung to a net loss of $1.47 million for the three months ending February 28, 2026, compared with a loss of $667,000 in the same period a year earlier. The company reported no revenue for the quarter. Read more earnings reports.

Operating expenses jumped 119% to $1.46 million from $666,565 a year ago. Labor and related expenses totaled $57,941 for the quarter. The loss per share widened to $0.08 from $0.04 in the prior-year quarter, based on weighted average shares outstanding of 19.4 million.

Cash and restricted cash surged to $31.43 million as of February 28, 2026, up from $1.30 million three months earlier and $1.34 million a year ago. The sharp increase followed $31.64 million in cash from financing activities during the quarter, offset by $1.57 million used in operations. The company generated $69,348 from investing activities.

Total assets climbed to $45.57 million from $2.89 million at November 30, 2025, driven by the cash influx. Current assets rose to $31.50 million from $1.46 million over the same span. Property, plant and equipment stood at $283,594 at quarter-end.

Stockholders' equity reached $14.43 million as of February 28, 2026, up from $1.69 million three months prior and $1.15 million a year earlier. The company had 29.6 million shares outstanding at quarter-end, compared with 18.9 million at the end of November 2025. Additional paid-in capital rose to $22.21 million from $7.97 million over the three-month period.

Total liabilities stood at $5.60 million at quarter-end, up from $898,605 three months earlier. Current liabilities declined to $798,774 from $843,519 over the same period. The accumulated deficit widened to $7.79 million from $6.28 million at the start of the quarter.