NUCLW — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-20

• The common stock and public warrants of the Company began trading on Nasdaq under the ticker symbols of “NUCL” and “NUCLW”, respectively, on February 25, 2026.

• Engagement of consultant to support reactor simulation and optimization for SMR program

• On June 9, 2026, the Company announced it has engaged Tensor Medium Corporation, an advanced algorithm and artificial intelligence company, to support reactor modeling, simulation and optimization efforts connected to the Company’s SMR program, including reactor engineering support, materials optimi…

• On April 1, 2026, the Company announced its intention to conduct a 27,000 ft drill program at the AUP during the summer of 2026, pursuant to a comprehensive “Gap Analysis” study completed by the Company’s resource consultants, designed to address data gaps at the AUP in order to advance the AUP towa…

• In connection with these studies, the Company announced on April 9, 2026 that it has entered into a Drilling Services Agreement with Harris Exploration Drilling & Associates Inc. of Fallon, NV to complete the drill program, with program commencement expected to be in July 2026, subject to requisite …

Text removed vs the prior filing · source: 10-Q · 2026-04-15

• Business development expenses for the three months ended February 28, 2026, was $80,450, an increase of $80,450 compared to $Nil for the three months ended February 28, 2025. This increase is primarily driven by the Company’s engagement of external business development firms as part of its efforts t…

• Office and administrative expenses for the three months ended February 28, 2026, were $404,676, an increase of $373,946 compared to $30,730 for the three months ended February 28, 2025. This increase is primarily driven by expanded operations. This includes a $231,116 increase in marketing expenses …

• Professional fees for the three months ended February 28, 2026, were $458,920, a decrease of $43,993 compared to $502,913 for the three months ended February 28, 2025. This decrease is primarily driven by a number of expenditures in legal and accounting fees being classified as transaction costs for…

• Rent expense for the three months ended February 28, 2026, was $72,742, an increase of $46,282 compared to $26,460 for the three months ended February 28, 2025. This increase is primarily driven by two new leases for new offices in Vancouver commencing November 2025 and New York commencing January 2…

• Investor relations for the three months February 28, 2026, was $89,821, an increase of $89,821 compared to $Nil for the three months ended February 28, 2025. This increase is primarily driven by the Company’s engagement of an external investor relations firm as part of its efforts to go public, whic…

Text added vs the prior filing · source: 10-Q · 2026-07-20

• We have taken, and continue to take, steps to remediate the material weakness and strengthen our internal control over financial reporting through the continued hiring of additional appropriately skilled finance and accounting personnel, in order to have sufficient personnel and expertise to impleme…

• We will not be able to fully remediate these control deficiencies until these steps have been completed and have been operating effectively for a sufficient period of time. We expect to make continued progress on these remediation efforts throughout fiscal 2026, with the pace of the segregation-of-d…

• Except as described above under “Remediation Efforts to Address the Identified Material Weaknesses”, there was no change in our internal control over financial reporting during the fiscal quarter ended May 31, 2026 covered by this Quarterly Report that has materially affected, or is reasonably likel…

Text removed vs the prior filing · source: 10-Q · 2026-04-15

• We are working to remediate the material weakness and are taking steps to strengthen our internal control over financial reporting through the continued hiring of additional appropriately skilled finance and accounting personnel with the requisite technical knowledge and skills. With the additional …

• Except as described above under “Remediation Efforts to Address the Identified Material Weaknesses”, there was no change in our internal control over financial reporting during the fiscal quarter ended February 28, 2026 covered by this Quarterly Report that has materially affected, or is reasonably …

Text added vs the prior filing · source: 10-Q · 2026-07-20

• (c)During our fiscal quarter ended May 31, 2026, none of our directors or executive officers adopted, modified or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “…

Text removed vs the prior filing · source: 10-Q · 2026-04-15

• (b)In connection with the closing of the de-SPAC transaction, we adopted our amended and restated bylaws, which, among other things, set forth certain procedures by which our stockholders may recommend nominees to our board of directors.

• (c)During our fiscal quarter ended February 28, 2026, none of our directors or executive officers adopted, modified or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or …