Snow Lake Secures Strategic Stake in Uranium Development Project in Wyoming's Powder River Basin

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].