Global Uranium and Enrichment Limited's Scheme Booklet Dispatched for Securityholders Meetings to Approve the Snow Lake Acquisition
Snow Lake Resources .Snow Lake Resources .(US:LITM) TMX Newsfile·2025-12-23 12:30

Core Viewpoint - Snow Lake Resources Ltd. has announced the dispatch of the Scheme Booklet by Global Uranium and Enrichment Limited to its securityholders, which is a significant step in the proposed acquisition process [1][11]. Group 1: Scheme Booklet Dispatch - GUE has completed the dispatch of the Scheme Booklet to all GUE Securityholders, in compliance with court orders [2][11]. - An Opt-in Notice is available for Selling Scheme Shareholders, allowing them to choose between receiving New Snow Lake Shares or participating in the Sale Facility [2][11]. Group 2: Importance of the Scheme Booklet - GUE Securityholders are advised to read the Scheme Booklet thoroughly, as it contains crucial information regarding voting and the implications of the Scheme Resolutions [4][7]. - The Scheme Booklet includes an Independent Expert's Report, which concludes that the proposed schemes are fair and reasonable for GUE Securityholders in the absence of a Superior Proposal [5][12]. Group 3: Recommendations and Voting - GUE Independent Directors unanimously recommend that securityholders vote in favor of the Scheme, provided there is no Superior Proposal and the Independent Expert maintains that the Scheme is in their best interests [6][12]. - Each GUE Independent Director intends to vote in favor of the Share Scheme or Option Scheme for the shares and options they control [6][12]. Group 4: Company Overview - Snow Lake Resources Ltd. is a Canadian company focused on uranium exploration and development, listed on NASDAQ under the ticker LITM, with projects in the U.S. and interests in next-generation uranium enrichment [9].