Feb. 26 at 5:22 PM
Watching
$NUCL / NUCLW since the ticker change. We got the usual post-deSPAC chop / profit-taking, but it’s holding up better than other deSPACs.
A few possible supports, but looking for smarter eyes:
Capital backstop / PIPE: Deal included a
$30M public-private investment intended to fund about ~2 years of ops, which could help confidence vs. “cashless” vibes.
Spring Valley sponsor halo: Curious how much the Spring Valley track record matters here (their earlier Spring Valley vehicle took NuScale (
$SMR ) public). Also SVAC with General Fusion DA.. Could be some “team cred” bid.
Domestic uranium narrative: Reuters mentioned the CEO talking about restoring the U.S. uranium supply chain and potentially accelerating timelines. If policy tailwinds continue that storyline might catch a buzz.
Asset scale: They’re framing Aurora as the largest undeveloped U.S. uranium deposits (Oregon–Nevada border), so the “strategic asset” angle might be what’s keeping buyers engaged.
$CCJ $UUUU $DNN