Snow Lake Resources Ltd Stock Price, News & Analysis

Snow Lake Energy (NASDAQ: LITM) announced that Global Uranium and Enrichment Limited's (GUE) Scheme Booklet has been registered by the Australian Securities and Investments Commission and will be dispatched to GUE securityholders on or around 23 December 2025.

The Booklet includes the Independent Expert's Report by BDO, which concluded the Share Scheme and Option Scheme are fair and reasonable in the absence of a superior proposal, and the unanimous recommendation of GUE independent directors to vote in favour, subject to the same qualifications.

Key dates: Share and Option Scheme meetings on 27 January 2026, Court approval hearing on 3 February 2026, Effective Date 4 February 2026, implementation and issue of New Snow Lake Shares and warrants on 13 February 2026, and New Snow Lake Shares to commence trading on Nasdaq and GUE delisting from ASX on 16 February 2026.

Snow Lake Energy (NASDAQ: LITM) provided an update on its proposed acquisition of the remaining shares and cancellation of options in Global Uranium and Enrichment (GUE) via two court‑ordered schemes of arrangement.

The Federal Court of Australia ordered GUE to convene Share Scheme and Option Scheme meetings on 27 January 2026 in Sydney and approved dispatch of a Scheme Booklet following registration with ASIC. Registered GUE securityholders as of 7:00 pm (AEDT) on 25 January 2026 may vote.

The Independent GUE Board unanimously recommended the Schemes, subject to no Superior Proposal and the independent expert concluding the Schemes are in shareholders’ best interests; board members intend to vote 5,270,594 shares and 750,000 options in favour.

Snow Lake Energy (NASDAQ: LITM) announced a shareholder update from private Australian developer Ubaryon detailing progress on its 100% owned uranium enrichment technology and related projects.

Key points: Urenco funded investment creates a pathway to TRL 5 within three years subject to technical milestones; Ubaryon is currently assessed at TRL 4; GUE holds 21% of Ubaryon and Snow Lake holds 19.9% of GUE with Snow Lake acquiring remaining GUE shares; Ubaryon expanded technical staff, continues chlorine isotope work, lodged a provisional patent for a sorbent powder, and maintains compliance with ASNO and DEC oversight.

Snow Lake Energy (NASDAQ: LITM) reported additional assay results from 45 drill holes at the Pine Ridge uranium project in the Powder River Basin, Wyoming, a 50/50 joint venture with Global Uranium and Enrichment Limited.

Key highlights include 2.6m at 0.101% U3O8 (1,010 ppm) in PR25-093 including 2.0m at 0.124% U3O8, multiple other intercepts (e.g., 2.6m at 0.048%, 0.8m at 0.117%), and confirmation of stacked roll-front mineralization hosted in two major sandstone units at depths of ~200–300m and ~335–400m.

The 2025 drill program has been completed with 114 holes totaling 38,000m; final assay results for the remaining holes will be announced shortly. Technical data reviewed by Qualified Person Ron Scott PhD, PGeo.

Snow Lake Energy (NASDAQ: LITM) received Australian Foreign Investment Review Board (FIRB) approval to acquire 100% of Global Uranium and Enrichment (GUE) and an indirect 21.9% interest in Ubaryon. FIRB also approved Urenco's A$5 million investment for a 13% interest in Ubaryon. Snow Lake is targeting completion of the GUE and Ubaryon transactions in early 2026. Snow Lake previously became a 19.9% cornerstone investor in GUE and is a 50/50 JV partner on the Pine Ridge Uranium Project in Wyoming. Ubaryon is developing a chemical uranium enrichment technology that removes the need for conversion to and from gaseous UF6, and its technical disclosures are regulated by Australian safeguards and defense export controls.

Snow Lake Energy (NASDAQ: LITM) welcomed the U.S. Geological Survey's designation of uranium as a critical mineral on the Final 2025 List released November 7, 2025. The designation recognizes uranium's role in U.S. national, economic and energy security and may enable federal funding, permitting, and procurement advantages for U.S. industry participants. Snow Lake said the listing aligns the domestic uranium industry with top U.S. strategic priorities and expects the designation to accelerate government action to rebuild nuclear independence. The company highlighted its vertically integrated U.S. focus across uranium mining, enrichment, and small modular reactors.

Snow Lake (NASDAQ:LITM) launched Kadmos Energy Services LLC on October 21, 2025, a U.S. nuclear energy company focused on designing and deploying small modular light water reactors.

Snow Lake will hold a 49% interest and agreed to invest up to US$10M in Kadmos, with an initial US$2M investment completed to start engineering and reactor development. Exodys Energy took a 14.5% stake contributing technical expertise; remaining ownership sits with Kadmos management.

Kadmos is led by founding CEO Dr. Youssef Ballout, a veteran of the U.S. Naval Reactor Program and Idaho National Laboratory; further details, staffing, partnerships, and project milestones will be disclosed in coming weeks.

Snow Lake Energy (NASDAQ: LITM) entered a binding Scheme Implementation Deed to acquire 100% of Global Uranium and Enrichment (GUE) that it does not already own, creating a U.S.-focused nuclear fuel cycle company, the PR states.

The Consideration is A$0.0968 in Snow Lake shares per GUE share (max 0.083878 new Snow Lake shares each), implying an equity value of A$44.5m and enterprise value of A$41.5m, with premiums of 40.3% to GUE's Oct 3 close and 54.8% to its 30‑day VWAP. Pro forma market cap is ~US$76.7m with ~US$18.5m cash. Completion is targeted for Q1 2026, subject to shareholder, court and regulatory approvals.

Snow Lake Resources (NASDAQ: LITM) has reported encouraging results from its Pine Ridge Uranium Project in Wyoming's Powder River Basin. The company, in a 50/50 joint venture with Global Uranium and Enrichment Limited, has completed 49 drill holes totaling 18,239m, with significant uranium intercepts including 1.8m at 550ppm U3O8 and 1.7m at 520ppm U3O8.

The drilling program has confirmed 24 continuous mineralized roll fronts across two major sandstone units, positioned at depths of 700-1,000 feet and 1,100-1,300 feet. These units are geologically and hydrologically isolated, making them suitable for future In-Situ Recovery (ISR) development. The project is strategically located near Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5Mlbs U3O8 annually.

The total program of 125 holes (38,000m) is expected to be completed by November 2025, with results supporting the development of an initial inferred mineral resource estimate.