Snow Lake Resources Ltd Stock Price, News & Analysis

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.

Snow Lake Resources (NASDAQ: LITM) highlights the impact of four new U.S. Nuclear Executive Orders signed on May 22, 2025. These orders aim to accelerate nuclear energy deployment and quadruple nuclear energy in the U.S. by 2050. The company's Pine Ridge uranium project in Wyoming's Powder River Basin stands to benefit from these initiatives. Snow Lake plans an aggressive 125,000 ft. drill program to establish a maiden mineral resource estimate by end-2025. The project is a 50/50 joint venture with Global Uranium and Enrichment Limited (GUE). Additionally, Snow Lake holds a 19.9% stake in GUE, which is connected to Ubaryon, a company developing uranium enrichment technology that recently secured a A$5.0 million investment from Urenco for a 13% stake.

Snow Lake Resources (NASDAQ: LITM) has announced an exploration program for its Pine Ridge Uranium Project in Wyoming's Powder River Basin, held in a 50/50 joint venture with Global Uranium and Enrichment Limited. The program includes a 38,000m drill program set to begin in July 2025. The project leverages 1,214 existing drill holes and encompasses approximately 15,130 hectares after adding 937 claims. Pine Ridge is strategically located near existing uranium projects and just 15km from Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5Mlbs U3O8 annually. The project benefits from historical drilling by Conoco (765 holes) and Stakeholder Energy (449 holes), which helped develop a model including 335 km of redox boundaries in stacked horizons within Tertiary sandstones. SOLA Project Services will provide technical support, with experienced principal Bryan Soliz leading the project.

Snow Lake Resources (NASDAQ: LITM) has announced a C$1.1 million strategic investment in Commerce Resources Corp's Ashram Rare Earths Project through a secured convertible note financing. The Ashram Project, located in Quebec, is North America's largest undeveloped rare earths deposit, containing 204.3 million tonnes averaging ~1.94% Total Rare Earth Oxides. This investment supports Commerce's strategic merger with Mont Royal Resources Limited, creating a dual-listed critical metals company. The deal is particularly significant as it addresses growing concerns over China's dominance in rare earth processing, which currently accounts for ~90% of global output. The convertible notes will bear 20% annual interest and automatically convert upon merger completion, with Commerce and Mont Royal shareholders owning 85.3% and 14.7% respectively of the merged entity.

Snow Lake Resources (NASDAQ: LITM) held its 2025 Annual General & Special Meeting on May 8, 2025, where shareholders approved several key resolutions. The meeting resulted in the election of six directors: Nochum Labkowski, Peretz Schapiro, Kathleen Skerrett, Brian Imrie, Shlomo Kievman, and Jack Wortzman. Shareholders also approved De Visser Gray LLP as the company's independent auditor for FY2025. Notable approvals included changes to the quorum requirements, authorization for a potential share consolidation, and ratification of a shareholder rights plan.

Snow Lake Resources Ltd. (NASDAQ: LITM), which holds a 19.9% strategic interest in Global Uranium and Enrichment Limited (GUE), announces the completion of a positive scoping study for the Hansen Deposit at the Tallahassee Uranium Project in Colorado. The Hansen Deposit, in which GUE holds a 51% interest, is the largest and highest-grade deposit within the Tallahassee Creek Uranium District.

The study aims to technically de-risk Hansen and establish the most cost-effective, technically efficient, and environmentally sustainable mining method. CEO Frank Wheatley highlighted the study's timing as particularly advantageous given the U.S. Administration's policies focused on accelerating domestic critical mineral production, especially uranium.

Snow Lake Resources (NASDAQ: LITM) announces that Ubaryon Pty Ltd has signed a Term Sheet with Urenco Limited to form a strategic partnership for uranium enrichment technology development. Under the agreement, Urenco will invest A$5.0 million over 3 years for a 13% stake in Ubaryon. Snow Lake holds a 19.9% interest in Global Uranium and Enrichment Limited (GUE), which owns 21.9% of Ubaryon. The partnership marks a significant milestone as Ubaryon's technology has reached Technology Readiness Level (TRL-4), validated by independent technical reviews. Ubaryon's unique uranium enrichment technology eliminates the need for conversion between uranium oxide and gaseous uranium, simplifying the enrichment process and offering greater flexibility in the nuclear fuel supply chain.