Core Viewpoint - Snow Lake Resources Ltd. announces a strategic partnership between Ubaryon Pty Ltd and Urenco to advance uranium enrichment technology, following shareholder approval on July 16, 2025 [1][2]. Company Overview - Snow Lake Resources Ltd. operates as Snow Lake Energy and is a Canadian mineral exploration company listed on NASDAQ under the ticker LITM, focusing on critical minerals and clean energy projects [14]. - The company holds a significant stake in Global Uranium and Enrichment Limited (GUE), which is the largest shareholder of Ubaryon [2]. Strategic Partnership Details - Urenco will invest AUD$5.0 million over the next three years in Ubaryon, acquiring a 13% interest in the company [9]. - The investment is seen as a validation of Ubaryon's technology and potential in the uranium enrichment sector, with Urenco also providing technical expertise to support development milestones [2][8]. - GUE will maintain its 21.9% ownership in Ubaryon by investing approximately AUD$500,000 [7]. Technology and Development - Ubaryon's uranium enrichment technology is at Technology Readiness Level (TRL) 4, indicating successful validation of critical components in a laboratory environment [13]. - The technology eliminates the need for conversion from uranium oxide to gaseous uranium, simplifying the enrichment process and enhancing flexibility in the nuclear fuel supply chain [12]. Management Insights - The CEO of Snow Lake expressed optimism about the partnership, highlighting the potential opportunities it unlocks for both Ubaryon and Urenco [4]. - Ubaryon's Managing Director emphasized the logical path for technical development and commercialization through this partnership, leveraging Urenco's expertise [5].

Core Insights - Centrus Energy Corp. has achieved a significant milestone by producing and delivering 900 kilograms of High-Assay, Low-Enriched Uranium (HALEU) to the U.S. Department of Energy, marking the completion of Phase II production targets under its contract [1][8] Group 1: HALEU Production and Contract Details - The contract with the Department of Energy was initiated in 2019 and re-awarded in 2022, with significant progress made, including the successful delivery of initial HALEU products in Phase I [2] - To date, Centrus Energy has delivered over 920 kilograms of HALEU, which is owned by the Department of Energy and can support national priorities such as advanced reactor development [3] - With Phase II completed, Centrus Energy is advancing to Phase III of its HALEU production contract, having secured a one-year extension through June 2026, with options for up to eight additional years [4][8] Group 2: Financial Performance - Centrus Energy reported quarterly earnings of 91 cents per share in Q1, surpassing the Zacks Consensus Estimate of a loss of 10 cents per share, compared to a loss of 38 cents per share a year ago [6] - The company posted revenues of $73 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate of $65 million, and up from $44 million in the year-ago quarter [6] Group 3: Stock Performance - Over the past year, Centrus Energy's shares have increased by 311.8%, contrasting with a 15.9% decline in the industry [7]

Winnipeg, Manitoba--(Newsfile Corp. - May 5, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, advises that Ubaryon Pty Ltd ("Ubaryon") has provided a shareholder update to announce that it has signed a Term Sheet with Urenco Limited ("Urenco") to form a strategic partnership. This is a significant milestone which will materially assist the future commercialization of Ubaryon's uranium enrichment technology. Highlights Urenc ...

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].