Snow Lake Secures Strategic Stake in Uranium Development Project in Wyoming's Powder River Basin
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) ha annunciato un investimento strategico di 1,4 milioni di dollari australiani nella raccolta fondi azionaria da 4,5 milioni di dollari australiani di GTi Energy Ltd per sviluppare il progetto di uranio Lo Herma nella Powder River Basin, Wyoming. L'investimento rappresenta una quota significativa in un progetto con un potenziale di sviluppo promettente.
Il progetto Lo Herma di GTi Energy ha recentemente completato uno studio di fattibilità preliminare positivo con dati rilevanti: stima della risorsa JORC di 8,7 milioni di libbre di U3O8, vita utile della miniera di 7 anni, produzione annua prevista di 800.000 libbre di U3O8, con un valore attuale netto (NPV) di 100 milioni di dollari australiani e un tasso interno di rendimento (IRR) ante imposte del 56%. Il progetto si trova in posizione strategica adiacente alla joint venture Pine Ridge Uranium Project di Snow Lake.
Il finanziamento sarà realizzato in due tranche, con la chiusura iniziale prevista per il 9 luglio 2025. Nell’ambito dell’accordo, Snow Lake acquisirà il diritto di nominare un membro nel Consiglio di Amministrazione di GTi Energy, subordinatamente al completamento del finanziamento e alla due diligence finale.
Snow Lake Resources (NASDAQ: LITM) ha anunciado una inversión estratégica de 1,4 millones de dólares australianos en la financiación accionaria de 4,5 millones de dólares australianos de GTi Energy Ltd para avanzar en el proyecto de uranio Lo Herma en la Cuenca del Río Powder, Wyoming. La inversión representa una participación significativa en un proyecto con potencial de desarrollo prometedor.
El proyecto Lo Herma de GTi Energy completó recientemente un estudio de alcance positivo con métricas destacadas: estimación de recursos JORC de 8,7 millones de libras de U3O8, vida útil de la mina de 7 años, producción anual objetivo de 800,000 libras de U3O8, con un VAN de 100 millones de dólares australianos y una TIR antes de impuestos del 56%. El proyecto está estratégicamente ubicado junto a la empresa conjunta Pine Ridge Uranium Project de Snow Lake.
La financiación se ejecutará en dos tramos, con el cierre inicial previsto para el 9 de julio de 2025. Como parte del acuerdo, Snow Lake obtendrá el derecho a designar un miembro en el Consejo de Administración de GTi Energy, sujeto a la finalización de la financiación y la debida diligencia final.
Snow Lake Resources (NASDAQ: LITM)는 와이오밍의 파우더 리버 분지에 위치한 Lo Herma 우라늄 프로젝트를 진전시키기 위해 GTi Energy Ltd의 450만 호주달러 주식 자금 조달에 전략적 투자금 140만 호주달러를 투자한다고 발표했습니다. 이 투자는 유망한 개발 가능성을 가진 프로젝트에 대한 중요한 지분을 의미합니다.
GTi Energy의 Lo Herma 프로젝트는 최근 긍정적인 스코핑 스터디를 완료했으며, 주요 지표는 다음과 같습니다: 8.7백만 파운드 U3O8 JORC 자원 추정치, 7년의 광산 수명, 목표 연간 생산량 800,000 파운드 U3O8, 1억 호주달러의 순현재가치(NPV) 및 세전 내부수익률(IRR) 56%. 이 프로젝트는 Snow Lake의 Pine Ridge 우라늄 프로젝트 합작 투자 인접지에 전략적으로 위치해 있습니다.
자금 조달은 두 차례에 걸쳐 진행되며, 첫 번째 마감은 2025년 7월 9일에 예정되어 있습니다. 계약의 일환으로 Snow Lake는 자금 조달 완료 및 최종 실사 조건에 따라 GTi Energy 이사회에 한 명을 임명할 권리를 갖게 됩니다.
Snow Lake Resources (NASDAQ : LITM) a annoncé un investissement stratégique de 1,4 million de dollars australiens dans le financement en actions de 4,5 millions de dollars australiens de GTi Energy Ltd pour faire avancer le projet d’uranium Lo Herma dans le bassin de la Powder River, Wyoming. Cet investissement représente une participation significative dans un projet au potentiel de développement prometteur.
Le projet Lo Herma de GTi Energy a récemment achevé une étude de faisabilité préliminaire positive présentant des indicateurs notables : estimation des ressources JORC de 8,7 millions de livres d’U3O8, durée de vie de la mine de 7 ans, production annuelle ciblée de 800 000 livres d’U3O8, avec une valeur actuelle nette (VAN) de 100 millions de dollars australiens et un taux de rendement interne (TRI) avant impôts de 56%. Le projet est stratégiquement situé à côté de la coentreprise Pine Ridge Uranium Project de Snow Lake.
Le financement sera réalisé en deux tranches, la première clôture étant prévue pour le 9 juillet 2025. Dans le cadre de l’accord, Snow Lake obtiendra le droit de nommer un membre au conseil d’administration de GTi Energy, sous réserve de la finalisation du financement et de la due diligence finale.
Snow Lake Resources (NASDAQ: LITM) hat eine strategische Investition von 1,4 Millionen AUD in die Eigenkapitalfinanzierung von GTi Energy Ltd in Höhe von 4,5 Millionen AUD angekündigt, um das Lo Herma Uranprojekt im Powder River Basin, Wyoming, voranzutreiben. Die Investition stellt eine bedeutende Beteiligung an einem Projekt mit vielversprechendem Entwicklungspotenzial dar.
Das Lo Herma Projekt von GTi Energy hat kürzlich eine positive Scoping-Studie abgeschlossen, die bemerkenswerte Kennzahlen aufweist: 8,7 Mio. lbs U3O8 JORC-Ressourcenschätzung, eine Minenlaufzeit von 7 Jahren, eine geplante Jahresproduktion von 800.000 lbs U3O8, mit einem Barwert (NPV) von 100 Mio. AUD und einem vorsteuerlichen IRR von 56%. Das Projekt liegt strategisch günstig direkt neben dem Joint Venture Pine Ridge Uranium Project von Snow Lake.
Die Finanzierung wird in zwei Tranchen ausgeführt, wobei der erste Abschluss für den 9. Juli 2025 erwartet wird. Im Rahmen der Vereinbarung erhält Snow Lake das Recht, ein Mitglied in den Vorstand von GTi Energy zu berufen, vorbehaltlich des Abschlusses der Finanzierung und der finalen Due Diligence.
- Strategic investment provides exposure to an advanced uranium project in the leading U.S. uranium producing state
- Project shows strong economics with A$100 million NPV and 56% pre-tax IRR
- Significant resource base of 8.7Mlbs U3O8 with potential for expansion
- Snow Lake gains board representation rights in GTi Energy
- Project location is contiguous to Snow Lake's existing Pine Ridge Uranium Project
- Investment remains subject to completion of final due diligence
- Second tranche of financing requires shareholder approval
- Limited mine life of 7 years based on current resource estimate
Insights
Snow Lake's strategic $1.4M investment in GTi Energy strengthens its uranium portfolio, positioning it to benefit from Wyoming's established production infrastructure.
Snow Lake Resources'
The Lo Herma project shows promising economics based on the recently completed scoping study, with a projected
What makes this investment particularly strategic is the geographic proximity to Snow Lake's existing 50/50 joint venture at the Pine Ridge Uranium Project, which borders Lo Herma. This creates potential operational synergies and consolidates the company's position in this uranium-rich region.
The investment aligns with broader U.S. policy trends supporting nuclear energy expansion, which will require secure domestic uranium supplies. For Snow Lake, this represents continued execution of their stated strategy to invest across critical minerals projects with commercial development potential, beyond their original lithium focus as suggested by their ticker symbol.
The in-situ recovery (ISR) mining method planned for Lo Herma is significant, as it's generally more cost-effective and environmentally favorable than conventional mining. The technique is well-established in Wyoming, which should streamline regulatory approvals and reduce development risks.
Winnipeg, Manitoba--(Newsfile Corp. - July 1, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, announces a cornerstone investment in GTi Energy Ltd. ("GTi Energy"), to advance its Lo Herma uranium project ("Lo Herma") through the next phase of drilling and fieldwork, aimed at expanding and upgrading Lo Herma's mineral resource base.
Highlights
Snow Lake will invest AUD
$1.4million in GTi Energy's AUD$4.5 million equity financing (the "Financing") to support advancement of its Lo Herma ISR amenable uranium projectGTi Energy owns
100% of the Lo Herma uranium project, located in the Powder River Basin in Wyoming, the leading uranium producing state in the U.S.GTi Energy recently completed a positive scoping study (the "Scoping Study") on Lo Herma in accordance with JORC (2012)1, which is a preliminary technical and economic assessment of the potential viability of Lo Herma. For more information on the scoping study, see GTi Energy's ASX Announcement dated June 5, 20252
The Scoping Study contemplated an ISR operation with a central processing plant, a JORC (2012) resource estimate of 8.7Mlbs U3O8, a 7-year mine life, an annual production target of 800,000 lbs U3O8 ,with an NPV of A
$100 million and a pre-tax IRR of56% Lo Herma is one of the more advanced development stage uranium projects in the Powder River Basin, and further development holds the potential to increase the uranium production profile of the Powder River Basin in Wyoming
The Financing provides GTi Energy with the financial runway to advance Lo Herma through the next phase of drilling and fieldwork, aimed at expanding and upgrading the project's mineral resource base
Lo Herma is contiguous to the southern border of the Pine Ridge Uranium Project, a 50/50 joint venture between Snow Lake and Global Uranium and Enrichment Limited
Snow Lake's investment in GTi Energy continues a business strategy to make investments in public companies with projects across the spectrum of critical minerals that demonstrate potential to be developed into commercial operations
CEO Remarks
"Our investment in GTi Energy's equity financing is the most recent example of our strategy to invest in companies with critical minerals projects across the spectrum of critical minerals, including uranium, lithium, rare earths, cesium, and antimony," said Frank Wheatley, CEO of Snow Lake.
Mr. Wheatley continued: "With GTi Energy's Lo Herma uranium project located in the prolific Powder River Basin in Wyoming, with a positive scoping study recently released, and against the backdrop of the U.S. Administration's policies underpinning the expansion of nuclear energy in the U.S., we view our investment in GTi Energy as timely, as GTi Energy embarks on a development program to expand it mineral resources at Lo Herma."
Financing
GTi Energy intends to raise a total of AUD
Snow Lake will be granted the right to appoint one member to the GTi Energy Board of Directors, subject to completion of the Financing. Snow Lake's participation in the Financing remains subject to completing its final due diligence on GTi Energy and its assets, before the date of the shareholder meeting.
About Snow Lake Resources Ltd.
Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian mineral exploration company listed on Nasdaq:LITM, with a global portfolio of critical mineral and clean energy projects. The Pine Ridge Uranium project is an exploration stage project located in Wyoming, United States, and the Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia. Snow Lake also holds a portfolio of additional exploration stage critical minerals projects located in Manitoba, as well as investments in a number of public companies with critical minerals assets. Learn more at www.snowlakeenergy.com.
Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law.
| Contact and Information Frank Wheatley, CEO | Investor Relations Investors: ir@snowlakelithium.com Website: www.snowlakeenergy.com | Follow us on Social Media Twitter: www.twitter.com/SnowLakeEnergy LinkedIn: www.linkedin.com/company/snow-lake-energy |
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1 The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ("the JORC Code") 2012 edition.
2 https://wcsecure.weblink.com.au/pdf/GTR/02953873.pdf
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257415
FAQ
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