Core Viewpoint - Snow Lake Resources Ltd. has reported positive drilling results from the Pine Ridge Uranium Project, indicating strong mineralization and positioning the company to benefit from a strengthening uranium market [1][5][4]. Company Overview - Snow Lake Resources Ltd. operates as a uranium exploration and development company, focusing on projects in the U.S. and holding interests in next-generation uranium enrichment and advanced reactor technology [16]. - The Pine Ridge Uranium Project is located in the Powder River Basin of Wyoming, a significant area for uranium production, and is in a joint venture with Global Uranium and Enrichment Limited [1][10]. Drilling Progress - A total of 49 drill holes have been completed at Pine Ridge, amounting to 18,239 meters of drilling, with a total program of 125 holes expected to be completed by November 2025 [2]. - Recent drill results include significant intercepts such as 1.8 meters at 550 ppm U3O8 and 1.7 meters at 520 ppm U3O8, confirming the presence of mineralized roll fronts [5][19]. Market Context - Uranium prices have recently surpassed US$80 per pound, supported by U.S. Administration policies favoring nuclear energy as a key component of national energy security [5]. - The ongoing drilling program aims to define roll front mineralization and has confirmed the existence of at least two major sandstone units suitable for future in-situ recovery (ISR) development [7][8]. Future Development - The drilling area has been expanded with the approval of a BLM Exploration Permit, enhancing the potential for resource estimation and development [5]. - The current drill program is expected to provide more detailed geometry of the identified roll fronts, which will support the development of an initial inferred mineral resource estimate [8].

Winnipeg, Manitoba--(Newsfile Corp. - September 17, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, announces excellent initial drill results on its Pine Ridge Uranium Project ("Pine Ridge"), located in the prolific Powder River Basin in Wyoming, a 50/50 joint venture (the "Joint Venture") with Global Uranium and Enrichment Limited ("GUE").The Joint Venture has completed a total of 33 holes on Pine Ridge, for a total of 1 ...

Core Viewpoint - enCore Energy Corp. has achieved record uranium extraction rates at the Alta Mesa In-Situ Recovery (ISR) Uranium Central Processing Plant since operations began in June 2024, driven by management changes and operational efficiencies [1][2][3] Group 1: Operational Highlights - The Alta Mesa Project's Wellfield 7 has expanded with the addition of 28 wells, including 13 extraction wells and 15 injection wells, as part of a strategy to ramp up wellfield expansion every 4 to 5 weeks [2] - The company operates 24 drill rigs across its South Texas operations, indicating a consistent acceleration in wellfield development [2][5] - Recent uranium capture rates exceeded 3,000 pounds per day, peaking at 3,705 pounds on June 20, 2025, with an average of 2,410 pounds per day for the first 22 days of June 2025 [5] Group 2: Legislative Support - The company commended the Texas Legislature for passing legislation that streamlines the uranium recovery permitting process, which is expected to promote nuclear energy in Texas [1][3] Group 3: Project Capacity and Technology - The Alta Mesa CPP has a total operating capacity of 1.5 million pounds of uranium per year, with an additional drying capacity of 0.5 million pounds [4] - The project utilizes ISR technology, which is a non-invasive method for uranium extraction using natural groundwater and oxygen [6] Group 4: Future Projects - enCore Energy is planning future projects, including the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming, as part of its project pipeline [11]

Core Insights - enCore Energy Corp. reported its financial and operational results for Q1 2025, highlighting significant activities in uranium extraction and sales [1][8] Financial Performance - Total costs of U3O8 sold in Q1 2025 amounted to $18,262,000 for 290,000 pounds, resulting in a cost per pound of $62.97 [4] - The company extracted and processed 130,015 pounds of U3O8 at a cost of $36.11 per pound [7] - The average price for U3O8 sold was $62.89 per pound, with a total of 290,000 pounds delivered under sales contracts [7] - The company reported a net loss per share of $0.13, an increase from $0.04 per share in Q1 2024, attributed to higher exploration and extraction activities and a mark-to-market loss of over $9 million on marketable securities [7] Inventory and Costs - At the end of Q1 2025, the company had an inventory of 153,058 pounds of U3O8, with a total cost of $6,182,000, resulting in a cost per pound of $40.39 [6] - The cash cost of extracted pounds was $2,304,000, translating to $31.26 per pound, while non-cash costs amounted to $1,058,000, or $14.36 per pound [4] Operational Highlights - The company made a cash repayment of $12.2 million on a uranium loan, leading to a negative operating cash flow of $7.7 million [7] - Cash and equivalents stood at $29.7 million, with working capital of $35.7 million at the end of the quarter [7] Company Overview - enCore Energy Corp. is focused on providing clean, reliable, and affordable fuel for nuclear energy, utilizing In-Situ Recovery (ISR) for uranium extraction [10][11] - The company operates the Rosita Central Processing Plant in South Texas and has a joint venture with Boss Energy Ltd. for the Alta Mesa Project [11]