Eagle Nuclear Energy kicks off environmental baseline studies at Aurora uranium project  

Eagle Nuclear Energy (NASDAQ: NUCL), announced Tuesday that it has launched a comprehensive environmental baseline studies campaign prior to the commencement of the previously announced 27,000 ft pre-feasibility study (PFS) related drill program at its flagship Aurora uranium project site located along the Oregon–Nevada border. 

Aurora is the largest conventional, measured and indicated uranium deposit in the US, the company has said.  

Uranium is a crucial source of reliable baseload power as nuclear energy, and the US requires an estimated 32 million pounds of uranium annually for its current nuclear reactors.  

In 2024, the US purchased 50 million pounds of uranium, but only produced 677,000 pounds, according to the Energy Information Administration. 

Energy Fuels’ White Mesa Mill in Utah is the only producing mill in the US.  

“Initiating environmental baseline studies marks an important milestone in the responsible advancement of Aurora toward a PFS,” Eagle’s VP of Operations Vishal Gupta, said in a news release.  

“These studies are designed to collect critical environmental data across multiple disciplines, including hydrology, hydrogeology, surface water quality, groundwater quality, flora and fauna, wetlands delineation, geochemistry, meteorology, and cultural heritage,” Gupta said. 

“Once collected, this data will support environmental impact assessments, mine design optimization, and future permitting activities at Aurora. We are committed to developing Aurora in a manner that meets or exceeds regulatory standards and reflects best practices in environmental stewardship.” 

Eagle has started the permitting and procurement process for a 10-meter-high meteorological station that is expected to be installed at the project by early-June, it said.  

 Once installed, the MET station will collect ambient weather-related data, including wind speed, direction, temperature and temperature contrasts, relative humidity, barometric pressure, and solar radiation.  

By market close in New York, Eagle Nuclear Energy’s stock was down 8.6%. The company has a $295.8 million market capitalization.