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]

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].