Snow Lake Advances Uranium Projects in Wyoming and Namibia in Support of U.S. Policies on National & Energy Security

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].