Core Viewpoint - Snow Lake Resources Ltd. announces that Ubaryon Pty Ltd has signed a Term Sheet with Urenco Limited to form a strategic partnership, which is expected to significantly aid the commercialization of Ubaryon's uranium enrichment technology [1][3]. Group 1: Strategic Partnership - Ubaryon has entered a non-binding Term Sheet with Urenco, which will invest A$5.0 million over the next three years for a 13% stake in Ubaryon [3][4]. - The agreement follows a thorough due diligence process and is subject to conditions such as shareholder approval and regulatory approvals [3][9]. - Urenco's investment is seen as a validation of Ubaryon's technology and will provide essential resources and expertise to mitigate risks associated with commercialization [4][7]. Group 2: Technology Development - Ubaryon's technology is currently assessed at Technology Readiness Level (TRL) 4, indicating that critical components have been validated in a laboratory environment [10]. - The partnership with Urenco is expected to enhance the development of Ubaryon's technology, which simplifies the uranium enrichment process by eliminating the need for conversion and deconversion steps [14][10]. - Independent technical reviews have confirmed the readiness of Ubaryon's technology, providing a strong foundation for further development [10]. Group 3: Company Background - Ubaryon is a private Australian company established in 2015, focusing on developing a unique uranium enrichment technology based on chemical separation of uranium isotopes [12][13]. - The company holds a patent for its technology and is regulated by the Australian Safeguards and Non-Proliferation Office [13]. - Snow Lake Resources holds a 19.9% interest in Global Uranium and Enrichment Limited, which is the largest shareholder in Ubaryon with a 21.9% stake [8].