Snow Lake Resources Ltd Stock Price, News & Analysis

Snow Lake Resources (NASDAQ: LITM) announced that Ubaryon and Urenco have executed a binding strategic partnership agreement following Ubaryon shareholder approval on July 16, 2025. Urenco will invest AUD$5.0 million over three years for a 13% stake in Ubaryon, while providing technical expertise to advance Ubaryon's next-generation uranium enrichment technology.

Snow Lake, as the largest shareholder (19.9%) in Global Uranium and Enrichment Limited (GUE), which holds 21.9% of Ubaryon, maintains significant exposure to this development. Ubaryon's innovative technology, currently at TRL-4 readiness level, eliminates the need for conversion between uranium oxide and gaseous uranium in the enrichment process, potentially streamlining the nuclear fuel supply chain.

Snow Lake Resources (NASDAQ: LITM) has commenced its initial exploration drilling program at the Pine Ridge Uranium Project in Wyoming's Powder River Basin. The project, a 50/50 joint venture with Global Uranium and Enrichment Limited, will involve approximately 38,000 meters of drilling focused on high-priority targets.

The Pine Ridge project, strategically located just 15km from Cameco's Smith Ranch Mill (capacity: 5.5Mlbs U3O8 p.a.), is positioned for rapid advancement as a near-development In-Situ Recovery uranium project. The company has secured drilling permits from Wyoming's Department of Environmental Quality and aims to establish a maiden mineral resource estimate by the end of 2025.

Snow Lake Resources (NASDAQ: LITM) has commented on the White House's newly released AI Plan, which emphasizes the critical role of nuclear energy in powering America's AI infrastructure. The plan, titled "Winning the Race - America's AI Action Plan," aligns with four Nuclear Executive Orders issued on May 22, 2025, aimed at accelerating U.S. nuclear energy deployment.

The company's CEO, Frank Wheatley, highlighted how this initiative, combined with executive orders supporting domestic uranium production, could expedite the development of Snow Lake's Pine Ridge uranium project in Wyoming. The AI Plan's infrastructure pillar specifically emphasizes the need for rapid deployment of power sources, including advanced nuclear reactor technology, to support growing AI infrastructure demands.

Snow Lake Resources (NASDAQ: LITM) has announced strategic investments in multiple U.S. critical minerals projects. The company has made three key investments: AUD$1.4 million in GTi Energy's Lo Herma uranium project in Wyoming, a 5% stake in Resolution Minerals for its Horse Heaven antimony project in Idaho, and C$1.1 million in Commerce Resources for its Ashram rare earth project in Quebec.

The Lo Herma uranium project features a JORC resource of 8.7Mlbs U3O8 with a 7-year mine life and NPV of A$100 million. The Horse Heaven Project borders Perpetua's USD$2.2 billion Stibnite Project, which could supply 35% of U.S. antimony demand. The Ashram Project represents one of North America's largest undeveloped rare earth deposits, with 204.3 million tonnes averaging ~1.94% Total Rare Earth Oxides.

Snow Lake Resources (NASDAQ: LITM) has announced significant progress in its uranium projects in Wyoming and Namibia. The company is set to commence drilling at its flagship Pine Ridge uranium project in Wyoming on July 21, 2025, planning approximately 38,000 meters of drilling through a 50/50 joint venture with Global Uranium and Enrichment Limited.

Simultaneously, the company continues its Phase 2 drill program at the Engo Valley project in Namibia, targeting approximately 7,500 meters of drilling. Both projects aim to produce maiden resource estimates by the end of 2025. The company's development strategy aligns with recent U.S. Administration executive orders supporting nuclear energy expansion and domestic uranium production, particularly in response to increasing AI-driven energy demands and national security concerns.

Snow Lake Resources (NASDAQ: LITM) has announced a major exploration program at its Pine Ridge Uranium Project in Wyoming through a 50/50 joint venture with Global Uranium and Enrichment Limited. The company has selected Single Water Services LLC to execute a significant 38,000m (125,000ft) drill campaign starting July 21, 2025.

The Pine Ridge project, located in Wyoming's Powder River Basin, is positioned near Cameco's Smith Ranch Mill with a 5.5Mlbs U3O8 p.a. licensed capacity. The Joint Venture has expanded its landholding to 15,130 ha (37,387 acres) through the addition of 937 claims. The project builds on historical data from 1,214 previous drill holes by Conoco and prior owners, which identified 335 km of redox boundaries in stacked horizons within Tertiary sandstones.

Snow Lake Resources (NASDAQ: LITM) has announced a strategic AUD$1.4 million investment in GTi Energy Ltd's AUD$4.5 million equity financing to advance the Lo Herma uranium project in Wyoming's Powder River Basin. The investment represents a significant stake in a project with promising development potential.

GTi Energy's Lo Herma project recently completed a positive scoping study showing notable metrics: 8.7Mlbs U3O8 JORC resource estimate, 7-year mine life, targeted annual production of 800,000 lbs U3O8, with an NPV of A$100 million and a pre-tax IRR of 56%. The project is strategically located adjacent to Snow Lake's Pine Ridge Uranium Project joint venture.

The financing will be executed in two tranches, with the initial closing expected on July 9, 2025. As part of the agreement, Snow Lake will gain the right to appoint one member to GTi Energy's Board of Directors, subject to financing completion and final due diligence.

Snow Lake Resources (NASDAQ: LITM) has reported positive preliminary results from its Phase 2 drill program at the Engo Valley Uranium Project. The company completed 31 reverse circulation drill holes totaling 2,719 meters, with 8 holes showing mineralized intersections exceeding 100 ppm eU3O8. Notable findings include a 997 ppm eU3O8 intersection over 7 meters and a 296 ppm eU3O8 intersection over 1.2 meters. The Phase 2 program aims to complete up to 7,500 meters of combined reverse circulation and diamond drilling, with diamond drilling scheduled to begin June 15, 2025. The company remains on track to deliver its maiden uranium mineral resource estimate by the end of 2025, targeting Namibia's growing uranium sector.

Snow Lake Resources (NASDAQ: LITM) and Exodys Energy have announced their collaboration to form a new nuclear reactor development company. This strategic move follows Snow Lake's recent uranium acquisitions in Wyoming and investment in Global Uranium and Enrichment Limited (GUE). The new Reactor Company will focus on developing small modular reactors (SMRs) based on proven pressurized water reactor (PWR) technology, targeting AI-powered infrastructure and data centers. The initiative is supported by President Trump's recent nuclear Executive Orders that streamline regulatory processes and enhance domestic nuclear fuel security. Snow Lake aims to become vertically integrated in the nuclear sector, spanning uranium supply, enrichment, and reactor development. Exodys Energy will provide technical guidance on fuel cycle and reactor engineering, while Snow Lake drives commercial execution.