Core Viewpoint - Snow Lake Resources Ltd. has initiated a major exploration program at the Pine Ridge Uranium Project in Wyoming, selecting Single Water Services LLC for the drilling operations, which is expected to enhance the project's development potential [2][4][5]. Company Overview - Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on NASDAQ under the ticker LITM, focusing on critical minerals and clean energy projects [16]. Project Details - The Pine Ridge Uranium Project is located in the Powder River Basin of Wyoming, recognized as the premier U.S. uranium basin, and is characterized as an advanced In-Situ Recovery (ISR) opportunity [6][9]. - The project has been significantly de-risked through historical drilling, with an ideal geological foundation for development into a production asset [6][12]. Exploration Program - The 2025 exploration program aims to complete approximately 38,000 meters (125,000 feet) of drilling, focusing on high-priority target areas to expedite the delineation of ISR-amenable uranium resources [7][14]. - The drilling is set to commence on July 21, 2025, with permits expected to be received shortly [8][7]. Operational Strategy - Single Drilling, selected for its extensive operational experience and familiarity with the Pine Ridge site, is expected to execute an efficient drilling program, with the potential addition of a second rig to accelerate progress [5][4]. - Hawkins CBM Logging, Inc. has been engaged as the geophysical contractor to provide specialized support for the drilling program [5]. Historical Context - Previous drilling campaigns at Pine Ridge included 765 holes drilled by Conoco and an additional 449 holes by prior owners, which have contributed to a comprehensive geological understanding of the project [15].

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].

Core Viewpoint - The U.S. Administration's recent Nuclear Executive Orders aim to accelerate nuclear energy deployment, which will significantly impact the uranium market and expedite the development timelines for Snow Lake's Pine Ridge uranium project [1][3][6]. Industry Summary - The Nuclear Executive Orders are designed to: - Accelerate the deployment of nuclear energy in the U.S. - Deploy advanced nuclear reactor technologies, including Small Modular Reactors (SMRs) - Quadruple nuclear energy production in the U.S. by 2050 - Reinvigorate the nuclear industrial base, including uranium mining and enrichment [6][8]. - The orders are expected to dramatically increase global demand for uranium and accelerate domestic uranium mining in the U.S. [6][9]. Company Summary - Snow Lake Resources Ltd. is positioned to benefit from the Nuclear Executive Orders, which could fast-track the Pine Ridge uranium project into production sooner than previously anticipated [4][7]. - The Pine Ridge uranium project is located in the Powder River Basin, Wyoming, and is considered a potential Tier-1 uranium asset [5][12]. - An aggressive drilling program of 125,000 feet is set to begin, aiming to generate a maiden mineral resource estimate by the end of 2025 [5][16]. - The project is a joint venture with Global Uranium and Enrichment Limited, and it has a significant exploration target based on historical drilling data [13][14]. Strategic Context - The ongoing AI arms race between the U.S. and China is driving increased demand for nuclear energy, which in turn raises the need for uranium to power nuclear reactors [10][11]. - The U.S. Administration's focus on energy independence and security prioritizes nuclear energy and the domestic supply chain, particularly for critical minerals like uranium [8][9].

Core Viewpoint - Snow Lake Resources Ltd. has announced an exploration program for the Pine Ridge Uranium Project in Wyoming, with a focus on identifying priority targets and initiating a drill program of approximately 38,000 meters starting in July 2025 [1][3]. Group 1: Project Overview - The Pine Ridge Uranium Project is a joint venture between Snow Lake and Global Uranium and Enrichment Limited, with both companies holding a 50/50 stake [1]. - The project area has been expanded to approximately 15,130 hectares (37,387 acres) through the staking of an additional 937 claims [4]. - The exploration program will utilize existing historical data and public information to develop a comprehensive 3D geological model of the mineralization [4][6]. Group 2: Exploration Program Details - The initial drill program will focus on priority target areas, with approximately 38,000 meters (125,000 feet) of drilling planned [5][6]. - The drill program is expected to commence shortly after permit approvals, anticipated in late June 2025 [9]. - The project is located in the Powder River Basin, a leading uranium-producing region in the U.S., known for its favorable regulatory environment [6][10]. Group 3: Historical Context and Support - Historical drilling campaigns in the project area have included 765 holes by Conoco and 449 holes by Stakeholder Energy, contributing to the geological understanding of the site [7]. - The project is supported by significant geological studies, including the measurement of 350 sandstone outcrops to understand the geological characteristics of the area [8]. - SOLA Project Services will provide technical and project support, leveraging over 25 years of experience in the Powder River Basin [9].

Core Points - Snow Lake Resources Ltd. held its 2025 Annual General & Special Meeting on May 8, 2025, where several key resolutions were passed [1] - The number of directors was fixed at six, and all nominated directors were duly elected [1] - The re-appointment of De Visser Gray LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2025, was approved [1] - A special resolution was passed to authorize the Board to consolidate the Company's common shares [1] - The Company's shareholder rights plan was ratified through a non-binding ordinary resolution [1] Company Overview - Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on NASDAQ under the ticker LITM [2] - The company has a global portfolio of critical mineral and clean energy projects, including the Pine Ridge Uranium project in Wyoming and the Engo Valley Uranium Project in Namibia [2] - Additionally, Snow Lake holds a portfolio of exploration stage critical minerals projects located in Manitoba [2]

Winnipeg, Manitoba--(Newsfile Corp. - May 5, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, advises that Ubaryon Pty Ltd ("Ubaryon") has provided a shareholder update to announce that it has signed a Term Sheet with Urenco Limited ("Urenco") to form a strategic partnership. This is a significant milestone which will materially assist the future commercialization of Ubaryon's uranium enrichment technology. Highlights Urenc ...

Core Points - Snow Lake Resources Ltd. will implement a 1-for-13 reverse stock split effective on May 2, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 [1][2] - The reverse stock split will reduce the number of issued and outstanding common shares from approximately 101,704,516 to about 7,823,360 [4] - The reverse stock split will not change the par value of the common shares or the authorized number of shares, and it will affect all shareholders uniformly [3][4] Company Information - Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on Nasdaq under the symbol LITM, focusing on critical mineral and clean energy projects [8] - The company has exploration stage projects including the Pine Ridge Uranium project in Wyoming, USA, and the Engo Valley Uranium Project in Namibia, along with additional projects in Manitoba [8]

Core Viewpoint - Snow Lake Resources Ltd. has significantly expanded its landholding at the Pine Ridge Uranium Project through a joint venture with Global Uranium and Enrichment Limited, enhancing its strategic position in the Powder River Basin, a key area for uranium production in the U.S. [1][2] Company Overview - Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on NASDAQ under the ticker LITM, focusing on critical minerals and clean energy projects [7]. Pine Ridge Uranium Project - The Pine Ridge Uranium Project is an advanced In-Situ Recovery (ISR) uranium project located in the southwestern Powder River Basin of Wyoming, which is recognized as the premier U.S. uranium basin [2]. - The project is strategically located near existing uranium projects held by UEC and Cameco, and approximately 15 km from Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5 million pounds of U3O8 per annum [2]. Landholding Expansion - The Pine Ridge landholding has been expanded by approximately 85%, adding 937 new claims that cover around 7,045 hectares (17,408 acres) of previously unclaimed Federal mineral parcels [5]. - The total landholding for Pine Ridge now amounts to approximately 15,130 hectares (37,387 acres) [5]. Geological Potential - Historical drilling and recent geological modeling indicate strong potential for further uranium mineralization in the area, with updated modeling suggesting an increase in prospective strike length from approximately 225 km to nearly 435 km [3].