- On **October 8, 2025**, Spring Valley Acquisition Corp. II (SVII) issued an **unsecured promissory note** with a principal amount of **up to $1,500,000** to Spring Valley Acquisition Sponsor II, LLC, a significant shareholder.  **[1843477_0001104659-25-098375_tm2528305d3_ex10-1.htm:0]** **[1843477_0001104659-25-098375_tm2528305d3_ex10-1.htm:1]** **[1843477_0001104659-25-098375_tm2528305d3_8k.htm:2]** 
- The note **does not bear interest** and its principal balance is **payable upon the consummation of the company's initial business combination**.  **[1843477_0001104659-25-098375_tm2528305d3_ex10-1.htm:1]** **[1843477_0001104659-25-098375_tm2528305d3_8k.htm:2]** 
- The Sponsor has the option to **convert all or any portion of the principal outstanding into Working Capital Warrants** at a rate of **$1.00 per warrant** on the Maturity Date.  **[1843477_0001104659-25-098375_tm2528305d3_ex10-1.htm:1]** **[1843477_0001104659-25-098375_tm2528305d3_8k.htm:2]**

Spring Valley Acquisition Corp. II Issues Promissory Note to Sponsor

- Spring Valley Acquisition Corp. II (SVII) filed an 8-K on **October 8, 2025**, to amend and supplement its definitive proxy statement for an extraordinary general meeting scheduled for **October 15, 2025**.  **[1843477_0001104659-25-097943_tm2528305d1_8k.htm:1]** 
- The primary amendment concerns the Extension Amendment Proposal, which seeks to extend the date by which the company must complete a business combination to **45 months from the IPO closing**, setting a new deadline of **July 17, 2026**.  **[1843477_0001104659-25-097943_tm2528305d1_8k.htm:2]** **[1843477_0001104659-25-097943_tm2528305d1_8k.htm:3]** 
- The Sponsor, Spring Valley Acquisition Sponsor II, LLC, will deposit **$0.01 per outstanding Public Share** for each one-month extension, up to six months, starting from the 40th month post-IPO (January 17, 2026), in exchange for a non-interest bearing promissory note.  **[1843477_0001104659-25-097943_tm2528305d1_8k.htm:2]** **[1843477_0001104659-25-097943_tm2528305d1_8k.htm:3]** 
- The document also includes updated U.S. federal income tax considerations for shareholders exercising redemption rights, noting that the company believes it was likely a **PFIC** for prior taxable years and will be for the current taxable year ending **December 31, 2025**.  **[1843477_0001104659-25-097943_tm2528305d1_8k.htm:1]** **[1843477_0001104659-25-097943_tm2528305d1_8k.htm:8]**

Spring Valley Acquisition Corp. II Amends Proxy Statement to Extend Business Combination Deadline

- Spring Valley Acquisition Corp. II (Acquiror) entered into a Merger Agreement with Eagle Nuclear Energy Corp. (PubCo) and Eagle Energy Metals Corp. (the Company) on **September 29, 2025**, which will result in PubCo becoming a publicly traded company.  **[1843477_0001104659-25-094781_tm2527212d1_ex10-6.htm:0]** **[1843477_0001104659-25-094781_tm2527212d1_ex2-1.htm:3]** 
- As part of the merger, PubCo will **assume the existing warrant agreements** of Acquiror.  **[1843477_0001104659-25-094781_tm2527212d1_ex10-6.htm:0]** 
- **New Eagle Investor Warrants** will be issued, exercisable at **$12.00 per share** of New Eagle Common Stock and expiring five years from the Closing Date.  **[1843477_0001104659-25-094781_tm2527212d1_8k.htm:11]** 
- Alyeska Master Fund, L.P. made an investment in Series A Preferred Stock and received Warrant Shares during Q2 2025.  **[1843477_0001104659-25-094781_tm2527212d1_ex10-5.htm:46]**  Details of this investment are provided below:

| Metric | Q2 2025 |
|---|---|
| Subscription Amount ($USD) | **$29,700,000.00**  **[1843477_0001104659-25-094781_tm2527212d1_ex10-5.htm:46]**  |
| Shares of Series A Preferred Stock | **29,700**  **[1843477_0001104659-25-094781_tm2527212d1_ex10-5.htm:46]**  |
| Warrant Shares | **2,500,000**  **[1843477_0001104659-25-094781_tm2527212d1_ex10-5.htm:46]**  |

Spring Valley Acquisition Corp. II Announces Merger Agreement and Investment

- Spring Valley Acquisition Corp. II (SVII) entered into a **Merger Agreement** with Eagle Energy Metals Corp. (Eagle) on **July 30, 2025**, for a proposed business combination.  **[1843477_0001104659-25-085723_tm2523556d4_8k.htm:1]** 
- The transaction implies a pro forma equity value of **$312 million** (assuming 100% redemption on cash remaining in trust), with a fundamental institutional investor committing up to **$30 million** in Series A Convertible Preferred Stock, and no minimum cash condition.  **[1843477_0001104659-25-085723_tm2523556d4_ex99-1.htm:8]** 
- Eagle Energy Metals holds rights to the **largest mineable uranium deposit in the U.S. (Aurora)**, with **32.75 million lbs Indicated and 4.98 million lbs Inferred Resource**, and is developing small modular reactor (SMR) technology.  **[1843477_0001104659-25-085723_tm2523556d4_ex99-1.htm:14]**  
- The merger aims to capitalize on the **structural deficit in the uranium market** and the **growing electricity demand** driven by AI and other technologies.  **[1843477_0001104659-25-085723_tm2523556d4_ex99-1.htm:11]** **[1843477_0001104659-25-085723_tm2523556d4_ex99-1.htm:14]**