Acquisition of Pine Ridge Uranium Project in Wyoming Supports U.S. National & Energy Security Objectives

Core Viewpoint - The acquisition of the Pine Ridge Uranium Project by Snow Lake Resources and Global Uranium and Enrichment Limited supports U.S. national and energy security objectives by advancing domestic uranium production capabilities [1][4]. U.S. National & Energy Security Objectives - The U.S. currently produces only 0.02% of global uranium production, making it heavily reliant on foreign suppliers [4][11]. - The U.S. has only one commercially operating uranium enrichment plant, which has limited capacity, further increasing dependence on foreign sources [4][10]. - The acquisition of Pine Ridge is positioned to enhance U.S. domestic uranium production, particularly in the Powder River Basin, a leading uranium-producing region [4][6]. Pine Ridge Uranium Project - Pine Ridge is an advanced In-Situ Recovery (ISR) uranium project located in Wyoming's Powder River Basin, ready for rapid development [4][6]. - The project has a large JORC 2012 exploration target and is surrounded by significant uranium projects, including Cameco's Smith Ranch Uranium Mill, which is only 15 km away [4][6]. Ubaryon Next-Generation Enrichment Technology - Global Uranium and Enrichment Limited holds a cornerstone position in Ubaryon Pty Ltd, which is developing innovative uranium enrichment technology [4][12]. - This technology focuses on the chemical separation of naturally occurring uranium isotopes and aims to address the lack of uranium enrichment capacity in the U.S. [4][14]. - The strategic investment in Ubaryon is intended to secure funding for ongoing development and commercialization of the technology [4][13]. Industry Context - The uranium supply chain is complex and vulnerable, with the U.S. importing 90% of its mined uranium ore and 95% of its yellow cake (U3O8) requirements from foreign suppliers [8][9]. - Four non-U.S. companies control 62.7% of the global commercial uranium enrichment capacity, highlighting the need for increased domestic capabilities [10][12]. - The U.S. must ramp up domestic uranium production to meet energy security and defense needs, as emphasized by the Trump Administration's Executive Order aimed at increasing American mineral production [11][12].