Snow Lake Comments on Maiden High Grade Mineral Resource Estimate for the Maybell Uranium Project in ColoradoAugust 06, 2025 7:30 AM EDT | Source: Snow Lake Resources LtdWinnipeg, Manitoba--(Newsfile Corp. - August 6, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, comments that Global Uranium and Enrichment Limited ("GUE"), in which Snow Lake holds a strategic 19.9% interest, has announced the completion of ...

Core Viewpoint - Snow Lake Resources Ltd. announces a strategic partnership between Ubaryon Pty Ltd and Urenco to advance uranium enrichment technology, following shareholder approval on July 16, 2025 [1][2]. Company Overview - Snow Lake Resources Ltd. operates as Snow Lake Energy and is a Canadian mineral exploration company listed on NASDAQ under the ticker LITM, focusing on critical minerals and clean energy projects [14]. - The company holds a significant stake in Global Uranium and Enrichment Limited (GUE), which is the largest shareholder of Ubaryon [2]. Strategic Partnership Details - Urenco will invest AUD$5.0 million over the next three years in Ubaryon, acquiring a 13% interest in the company [9]. - The investment is seen as a validation of Ubaryon's technology and potential in the uranium enrichment sector, with Urenco also providing technical expertise to support development milestones [2][8]. - GUE will maintain its 21.9% ownership in Ubaryon by investing approximately AUD$500,000 [7]. Technology and Development - Ubaryon's uranium enrichment technology is at Technology Readiness Level (TRL) 4, indicating successful validation of critical components in a laboratory environment [13]. - The technology eliminates the need for conversion from uranium oxide to gaseous uranium, simplifying the enrichment process and enhancing flexibility in the nuclear fuel supply chain [12]. Management Insights - The CEO of Snow Lake expressed optimism about the partnership, highlighting the potential opportunities it unlocks for both Ubaryon and Urenco [4]. - Ubaryon's Managing Director emphasized the logical path for technical development and commercialization through this partnership, leveraging Urenco's expertise [5].

Core Viewpoint - Snow Lake Resources Ltd. has commenced its initial exploration drilling program at the Pine Ridge Uranium Project in Wyoming, a joint venture with Global Uranium and Enrichment Limited, aiming to establish a maiden mineral resource estimate by the end of 2025 [1][4][5]. Company Overview - Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on NASDAQ: LITM, with a focus on critical minerals and clean energy projects [13]. Project Details - The Pine Ridge Uranium Project is located in the Powder River Basin, the most significant area for uranium production in the U.S., primarily utilizing In-Situ Recovery (ISR) methods [2][5]. - The maiden drill program will involve approximately 38,000 meters (125,000 feet) of drilling, targeting high-priority areas identified from historical data [2][4][11]. Strategic Importance - The project is positioned near existing uranium operations, including Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5 million pounds of U3O8 per annum, highlighting its strategic location for potential uranium production [5][7]. Operational Execution - The drilling program has received the necessary permits from the Wyoming Department of Environmental Quality, and Single Water Services LLC will conduct the drilling, leveraging their previous experience in the area [9][10]. - The Joint Venture has contracted Bryan Soliz for geological modeling, who brings over 25 years of experience in the Powder River Basin, enhancing the project's exploration efforts [10].

Core Viewpoint - The White House AI Plan emphasizes the need for reliable power sources, particularly nuclear energy, to support the U.S. ambitions in artificial intelligence, which will drive demand for uranium mining [1][4][5]. Company Insights - Snow Lake Resources Ltd. highlights the urgent need for new uranium mines in the U.S. to meet the increasing demand for electricity driven by AI and its associated data centers [3]. - The CEO of Snow Lake, Frank Wheatley, believes that the combination of the AI Plan and ongoing government support for nuclear energy will create an opportunity to expedite the development of the Pine Ridge uranium project in Wyoming [3][8]. Industry Context - The AI Plan outlines three pillars, with a significant focus on building infrastructure to support AI, which includes the rapid deployment of advanced nuclear reactor technology [5][7]. - The U.S. Administration's Nuclear Executive Orders aim to accelerate nuclear energy deployment, which, along with the AI Plan, is expected to fast-track uranium production initiatives [5][8]. - The second pillar of the AI Plan specifically addresses the need for energy sources to power vast AI infrastructure, reinforcing the demand for uranium [7].

Core Viewpoint - Snow Lake Resources Ltd. is focusing on strategic investments in U.S.-based critical minerals projects to leverage new U.S. Administration policies aimed at accelerating domestic production of these minerals [1][4]. Investment Strategy - The company is actively seeking opportunities to acquire interests in U.S. critical minerals projects that can be fast-tracked into production, potentially creating substantial value for shareholders [3][5]. - CEO Frank Wheatley emphasized the alignment of Snow Lake's investments with U.S. strategic interests, particularly in uranium, antimony, and rare earths [4][5]. Specific Investments - **Uranium**: Snow Lake has committed AUD$1.4 million to GTi Energy's AUD$4.5 million equity financing to advance the Lo Herma uranium project in Wyoming, which has a resource estimate of 8.7 million pounds U3O8 and a projected annual production of 800,000 pounds U3O8 [6][7]. - **Antimony**: The company has acquired a strategic stake exceeding 5% in Resolution Minerals Ltd., which holds the Horse Heaven Project in Idaho, anticipated to meet approximately 35% of U.S. antimony requirements [8][11]. - **Rare Earths**: Snow Lake holds a cornerstone investment in Commerce Resources Corp., which is advancing the Ashram rare earth elements project in Quebec, one of the largest undeveloped rare earths projects in North America with a resource of 204.3 million tonnes averaging ~1.94% Total Rare Earth Oxides [13][15]. Government and Industry Support - There is unprecedented support from the U.S. government, industry, and public for domestic critical mineral production, highlighted by significant investments in MP Materials Corp, including USD$400 million from the U.S. Department of Defense and USD$500 million from Apple [18][19].

Core Viewpoint - Snow Lake Resources Ltd. is advancing its uranium projects in Wyoming and Namibia, aligning with U.S. national and energy security policies, particularly in response to increasing demand for nuclear energy and uranium mining [2][4][7]. Group 1: Project Updates - The Pine Ridge uranium project in Wyoming is a 50/50 joint venture with Global Uranium and Enrichment Limited, with a planned drilling campaign of approximately 38,000 meters (125,000 feet) [6][9]. - The objective of the current drill program at Pine Ridge is to produce a maiden resource estimate by the end of 2025 [6][10]. - The Engo Valley uranium project in Namibia is also undergoing a Phase 2 drill program, targeting approximately 7,500 meters of drilling to establish a maiden uranium resource estimate by the end of 2025 [6][50]. Group 2: U.S. Administration Support - The U.S. Administration has issued executive orders to accelerate nuclear energy deployment and domestic uranium production, which are expected to benefit the development timelines of Snow Lake's projects [7][8]. - These executive orders aim to quadruple nuclear energy in the U.S. by 2050 and reinvigorate the nuclear industrial base, including uranium mining [12]. Group 3: Market Context - The demand for uranium is anticipated to increase significantly due to the growing need for nuclear energy, particularly in the context of the AI arms race between the U.S. and China [12]. - The Pine Ridge project is strategically located near existing uranium operations, including Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5 million pounds of U3O8 per annum [18]. Group 4: Historical Exploration and Data - Historical drilling at Pine Ridge has provided a solid geological foundation, with previous campaigns yielding significant data that supports the current exploration efforts [23][20]. - The Engo Valley project has a history of exploration dating back to 1973, with previous work conducted by Gencor, which included various drilling and radiometric surveys [24][39]. Group 5: Technical Aspects - The Phase 1 drill program at Engo Valley confirmed historical uranium mineralization, with notable intersections of eU3O8 recorded, including 997 ppm over a 7-meter interval [44][51]. - Downhole radiometrics are being utilized to assess mineralization, with ongoing sampling and analysis to confirm the reliability of radiometric grades [48][49].

Drill Rigs Set to Commence Major Exploration Program at Pine Ridge Uranium ProjectJuly 02, 2025 7:30 AM EDT | Source: Snow Lake Resources LtdWinnipeg, Manitoba--(Newsfile Corp. - July 2, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, announces that its 50/50 joint venture (the "Joint Venture") with Global Uranium and Enrichment Limited ("GUE"), has selected Single Water Services LLC ("Single Drilling") to ex ...

Core Viewpoint - Snow Lake Resources Ltd. has made a strategic investment in GTi Energy Ltd. to advance the Lo Herma uranium project in Wyoming's Powder River Basin, aiming to expand and upgrade its mineral resource base [1][5][6]. Company Summary - Snow Lake will invest AUD$1.4 million in GTi Energy's total AUD$4.5 million equity financing to support the development of the Lo Herma uranium project [5][6]. - GTi Energy owns 100% of the Lo Herma project, which has a JORC (2012) resource estimate of 8.7 million pounds of U3O8, a 7-year mine life, and an annual production target of 800,000 pounds of U3O8, with an NPV of AUD$100 million and a pre-tax IRR of 56% [5][6]. - The financing will enable GTi Energy to conduct further drilling and fieldwork, as well as hydrogeological and metallurgical analysis, to enhance the project's mineral resources [6][7]. Industry Context - The investment aligns with the U.S. administration's policies promoting the expansion of nuclear energy, making it a timely move as GTi Energy embarks on a development program for Lo Herma [6][3]. - Lo Herma is positioned as one of the more advanced uranium development projects in the Powder River Basin, which is the leading uranium-producing region in the U.S. [5][6].

Core Viewpoint - Snow Lake Resources Ltd. has announced positive preliminary results from its Phase 2 drill program at the Engo Valley Uranium Project, indicating good intercepts of uranium mineralization and progress towards a maiden resource estimate by the end of 2025 [1][3]. Company Updates - The Phase 2 drill program has completed a total of 31 reverse circulation (RC) drill holes, totaling 2,719 meters, with 8 holes returning mineralized intersections greater than 100 ppm eU3O8 [6][8]. - The diamond drilling segment of the Phase 2 program is set to begin during the week of June 15, 2025, with plans for 19 diamond drill holes in the MUO area and 8 in the D1 area [8]. - A maiden mineral resource estimate for Engo Valley is targeted for completion before the end of 2025, contingent on timely assay results [9]. Industry Context - The global supply deficit of uranium is expanding, necessitating the development of new uranium mines to meet increasing demand [3]. - Namibia is highlighted as the world's third-largest uranium producer, making the exploration and development of projects like Engo Valley crucial for identifying new economic sources of uranium [3].

Core Viewpoint - Snow Lake Resources Ltd. and Exodys Energy are collaborating to establish a new nuclear reactor development and deployment company, aiming to provide clean energy solutions for AI-powered infrastructure and hyperscale data centers [1][2][4]. Group 1: Company Strategy - This collaboration signifies a crucial advancement in Snow Lake's diversification into the nuclear sector, following its acquisitions of uranium projects in Wyoming and investment in Global Uranium and Enrichment Limited [2][3]. - The new Reactor Company will focus on a small modular reactor (SMR) design based on existing pressurized water reactor (PWR) technology, leveraging established expertise and infrastructure [7][8]. - Snow Lake's vertical integration strategy aims to generate revenue throughout the entire value chain of nuclear energy, from uranium supply to reactor operations [8][11]. Group 2: Industry Context - The announcement aligns with a resurgence in U.S. nuclear energy, supported by recent Executive Orders from President Trump that streamline regulatory processes and enhance domestic nuclear fuel security [4][5]. - The collaboration is positioned to address the urgent need for scaling and deploying nuclear power reactors domestically, creating a resilient nuclear ecosystem [5][6]. Group 3: Leadership and Execution - Key leadership roles in the new Reactor Company will be filled by experienced technology leaders with extensive backgrounds in both current and advanced reactor technologies [11]. - Exodys Energy will provide technical guidance on fuel cycle considerations and reactor engineering, while Snow Lake will focus on commercial execution and integration of its uranium assets [11].