Core Insights - Snow Lake Resources Ltd. announces significant progress by Ubaryon on its Uranium Enrichment Technology and other value-adding technologies [1][4] Operational Update - Ubaryon's Uranium Enrichment Technology is currently at Technology Readiness Level (TRL) 4, with plans to progress to TRL 5 over the next three years, contingent on meeting technical milestones [3][4] - The company has enhanced its technical team and laboratory capabilities to accelerate development across multiple workstreams [5] - Ubaryon is also developing chlorine isotope separation technology for next-generation molten salt nuclear reactors, with promising initial testing results [6] Technology Development - Ubaryon has created a sorbent powder for uranium recovery from waste solutions, which is currently under provisional patent and has attracted interest from various organizations [7] - The technology simplifies the uranium enrichment process by eliminating the need for conversion and deconversion steps, enhancing flexibility in the nuclear fuel supply chain [13] Regulatory Update - Urenco has received a "no objection ruling" from the Australian Foreign Investment Review Board, allowing for the completion of its investment in Ubaryon ahead of schedule [8] - Ubaryon has obtained "in principle" approval from Defence Export Control for future dealings with Urenco regarding its uranium technology, indicating no current strategic or security objections [9] - The company maintains compliance with Australian Safeguards and Non-Proliferation Office requirements, having undergone multiple inspections in 2025 [10] Company Background - Ubaryon is a private Australian company focused on developing a unique uranium enrichment technology based on chemical separation of naturally occurring uranium isotopes [11] - Established in 2015, Ubaryon has been actively pursuing patent applications and regulatory classifications for its technology since 2018 [12] - Snow Lake Resources Ltd. holds a significant stake in Ubaryon, with plans to acquire additional shares from Global Uranium and Enrichment Limited [14]