Urenco and Ubaryon Complete Binding Agreement
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) ha annunciato che Ubaryon e Urenco hanno firmato un accordo di partnership strategica vincolante dopo l'approvazione degli azionisti di Ubaryon il 16 luglio 2025. Urenco investirà 5,0 milioni di AUD in tre anni per acquisire una quota del 13% in Ubaryon, fornendo al contempo competenze tecniche per sviluppare la tecnologia di arricchimento dell'uranio di nuova generazione di Ubaryon.
Snow Lake, in qualità di maggiore azionista (19,9%) di Global Uranium and Enrichment Limited (GUE), che detiene il 21,9% di Ubaryon, mantiene un'esposizione significativa a questo sviluppo. La tecnologia innovativa di Ubaryon, attualmente a un livello di prontezza tecnologica TRL-4, elimina la necessità di conversione tra ossido di uranio e uranio gassoso nel processo di arricchimento, potenzialmente semplificando la catena di approvvigionamento del combustibile nucleare.
Snow Lake Resources (NASDAQ: LITM) anunció que Ubaryon y Urenco han firmado un acuerdo de asociación estratégica vinculante tras la aprobación de los accionistas de Ubaryon el 16 de julio de 2025. Urenco invertirá 5,0 millones de AUD en tres años para obtener una participación del 13% en Ubaryon, además de aportar experiencia técnica para avanzar en la tecnología de enriquecimiento de uranio de próxima generación de Ubaryon.
Snow Lake, como mayor accionista (19,9%) de Global Uranium and Enrichment Limited (GUE), que posee el 21,9% de Ubaryon, mantiene una exposición significativa a este desarrollo. La tecnología innovadora de Ubaryon, actualmente en un nivel de preparación tecnológica TRL-4, elimina la necesidad de conversión entre óxido de uranio y uranio gaseoso en el proceso de enriquecimiento, lo que podría simplificar la cadena de suministro del combustible nuclear.
Snow Lake Resources (NASDAQ: LITM)는 2025년 7월 16일 Ubaryon 주주 승인 후 Ubaryon과 Urenco가 구속력 있는 전략적 파트너십 계약을 체결했다고 발표했습니다. Urenco는 3년간 5백만 호주 달러를 투자하여 Ubaryon의 13% 지분을 확보하며, Ubaryon의 차세대 우라늄 농축 기술 발전을 위한 기술 전문성을 제공할 예정입니다.
Snow Lake는 Global Uranium and Enrichment Limited(GUE)의 최대 주주(19.9%)로서, GUE가 Ubaryon의 21.9%를 보유하고 있어 이번 개발에 상당한 노출을 유지하고 있습니다. Ubaryon의 혁신적인 기술은 현재 TRL-4 기술 준비 수준에 있으며, 농축 과정에서 우라늄 산화물과 기체 우라늄 간 전환이 필요 없도록 하여 원자력 연료 공급망을 간소화할 가능성이 있습니다.
Snow Lake Resources (NASDAQ: LITM) a annoncé que Ubaryon et Urenco ont signé un accord de partenariat stratégique contraignant suite à l'approbation des actionnaires d'Ubaryon le 16 juillet 2025. Urenco investira 5,0 millions de dollars australiens sur trois ans pour acquérir une participation de 13% dans Ubaryon, tout en apportant une expertise technique pour faire progresser la technologie d'enrichissement de l'uranium de nouvelle génération d'Ubaryon.
Snow Lake, en tant que principal actionnaire (19,9%) de Global Uranium and Enrichment Limited (GUE), qui détient 21,9% d'Ubaryon, conserve une exposition significative à ce développement. La technologie innovante d'Ubaryon, actuellement au niveau de maturité technologique TRL-4, supprime la nécessité de conversion entre l'oxyde d'uranium et l'uranium gazeux dans le processus d'enrichissement, ce qui pourrait simplifier la chaîne d'approvisionnement du combustible nucléaire.
Snow Lake Resources (NASDAQ: LITM) gab bekannt, dass Ubaryon und Urenco nach der Zustimmung der Ubaryon-Aktionäre am 16. Juli 2025 eine verbindliche strategische Partnerschaftsvereinbarung unterzeichnet haben. Urenco wird 5,0 Millionen AUD über drei Jahre investieren, um einen 13%igen Anteil an Ubaryon zu erwerben und gleichzeitig technisches Know-how zur Weiterentwicklung der nächsten Generation der Urananreicherungstechnologie von Ubaryon bereitstellen.
Snow Lake, als größter Aktionär (19,9%) von Global Uranium and Enrichment Limited (GUE), das 21,9% von Ubaryon hält, bleibt erheblich an dieser Entwicklung beteiligt. Die innovative Technologie von Ubaryon, derzeit auf TRL-4 Reifegrad, eliminiert die Notwendigkeit der Umwandlung zwischen Uranoxid und gasförmigem Uran im Anreicherungsprozess und könnte so die Lieferkette für nuklearen Brennstoff vereinfachen.
- Independent validation of Ubaryon's technology through Urenco's investment and due diligence
- Strategic AUD$5.0 million investment from major industry player Urenco
- Technology achieves TRL-4 readiness level, validated by independent technical reviews
- Simplified uranium enrichment process eliminating conversion/deconversion steps
- Potential pathway for technology commercialization through Urenco partnership
- Technology still in early development stages (TRL-4)
- Significant regulatory oversight and restrictions on technical disclosure
- Future development dependent on meeting technical milestones
Insights
Urenco's AUD$5M investment validates Snow Lake's indirect stake in Ubaryon's next-gen uranium enrichment technology, enhancing shareholder value.
This binding agreement between Urenco and Ubaryon represents a significant milestone for Snow Lake Resources. As the largest shareholder (19.9%) in GUE, which in turn holds 21.9% of Ubaryon, Snow Lake stands to benefit substantially from this validation of Ubaryon's technology.
Urenco's commitment of
The independent verification of Ubaryon's technology at TRL-4 (Technology Readiness Level 4) confirms that all critical components have been validated in laboratory environments. This technical validation, combined with Urenco's investment, substantially increases the probability of successful commercialization.
What makes Ubaryon's technology particularly valuable is its elimination of conversion/deconversion steps between uranium oxide and UF6 gas in the enrichment process. This innovation could potentially disrupt traditional enrichment methods by simplifying the nuclear fuel supply chain.
For Snow Lake shareholders, this agreement creates a potential value catalyst through their indirect exposure to uranium enrichment technology. The structured nature of the deal - including Urenco's ability to increase its stake and potentially acquire the technology at fair market value in the future - provides a clear commercialization pathway that could eventually monetize Snow Lake's indirect ownership position.
Winnipeg, Manitoba--(Newsfile Corp. - August 5, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, announces that Ubaryon Pty Ltd ("Ubaryon") has confirmed the execution of a binding agreement (the "Agreement") with Urenco, following Ubaryon shareholder approval on July 16, 2025. Under the Agreement, the two companies will form a strategic partnership to progress the development of Ubaryon's next-generation uranium enrichment technology.
Snow Lake is Global Uranium and Enrichment Limited's ("GUE") largest shareholder (
The investment by Urenco into Ubaryon represents significant third-party validation of Ubaryon's technology and long-term potential in the uranium enrichment sector. Urenco will commit AUD
Highlights
Binding agreement between Urenco and Ubaryon successfully executed
Urenco is a global uranium enrichment company supplying enrichment services and fuel cycle products to more than 50 customers in 20 countries
Ubaryon is a private Australian company that owns
100% of a unique and innovative uranium enrichment technologyGUE is the largest shareholder in Ubaryon (
21.9% ) and will remain the largest shareholderGUE will invest circa AUD
$500,000 in Ubaryon to maintain its21.9% pro rata ownershipUbaryon's technology has been independently assessed at a readiness level of TRL-4, which validates the development done to date and the strong platform for this new partnership
CEO Remarks
"We are delighted that Ubaryon and Urenco have now formed their strategic partnership to advance Ubaryon's uranium enrichment technology. We look forward with keen interest as this partnership develops," said Frank Wheatley, CEO of Snow Lake. "As GUE's cornerstone shareholder, we look forward to the many opportunities the Urenco - Ubaryon partnership unlocks."
Comments on this strategic partnership from Ubaryon and Urenco are set out below1.
Adam Blunn, Managing Director of Ubaryon said: "We are pleased to have established this relationship with Urenco. After a thorough process to develop this deal, we are confident that it offers a logical and practical path for technical development and commercialisation and will enable the best opportunity to create value. Urenco has deep experience in the technical, regulatory and market aspects of uranium enrichment and we are looking forward to growing the relationship and working with Urenco and its expert team."
Sarah Forman, Head of Urenco's Strategy & Corporate Development function said: "Urenco and Ubaryon are pleased to announce the conclusion of formal agreements to form a strategic partnership around Ubaryon's uranium enrichment technology. Ubaryon's chemical isotope separation research and development on uranium will be funded by a AUD
Ubaryon represents an exciting technology with potential for enriching uranium in chemical forms other than UF6, which could be complementary to Urenco's existing core businesses. We look forward to working with the Ubaryon team."
Urenco Strategic Investment in Ubaryon
Urenco is an international supplier of enrichment services with sustainability at the core of its business. Operating in the nuclear fuel supply chain for 50 years, Urenco has its head office near London, UK, and enrichment facilities in Germany, the Netherlands, the UK and the USA. Urenco's commitment, coming after detailed due diligence, validates GUE's historical investment in Ubaryon and significantly de-risks the business, thereby enhancing GUE's exposure to midstream nuclear fuel supply chains. Urenco supplies enrichment services and fuel cycle products to more than 50 customers in 20 countries2.
Under the terms of the Agreement, Urenco will invest a total of AUD
This transaction will provide Urenco the ability to further increase its stake in Ubaryon through acquiring shares from existing shareholders and also provides a potential pathway for Urenco to secure the Ubaryon technology at a fair market value at some point in the future when the technology has been further advanced.
Ubaryon Background
Ubaryon is a private Australian company which is developing and commercializing a unique uranium enrichment technology based on the chemical separation of naturally occurring uranium isotopes.
Ubaryon was established in 2015 after environmental testing identified a process anomaly, after which Ubaryon lodged a patent application over its Ubaryon Enrichment Technology in 2018. Australian Safeguards and Non-Proliferation Office ("ASNO") classified the intellectual property in September 2018. ASNO, and Defense Export Controls, now regulate all Ubaryon's technical disclosure.
A significant feature of the Ubaryon Enrichment Technology is that it eliminates the need for conversion from uranium oxide or yellowcake (UO4 or U3O8) to gaseous uranium (UF6) and the need for deconversion from UF6 to uranium oxide. Removing conversion and deconversion simplifies the enrichment process and allows for additional flexibility in the nuclear fuel cell supply chain.
Ubaryon Technology Rapidly Advancing - TRL 4
As a part of the due diligence process, Ubaryon received two independent technical reviews confirming that its technology is currently at Technology Readiness Level ("TRL") assessment level of TRL-4. TRL-4 shows that all critical components were successfully validated in a laboratory environment and supported by experimental results. Combined with the validation provided as a result of Urenco's due diligence, these independent assessments give confidence that Ubaryon's technology has a sound foundation for further development.
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 |
1 https://wcsecure.weblink.com.au/pdf/GUE/02971929.pdf
2 www.urenco.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261236
FAQ
What is the value of Urenco's investment in Ubaryon and what stake will they receive?
What is unique about Ubaryon's uranium enrichment technology?
What is Snow Lake's (LITM) connection to this partnership?
What is the current development stage of Ubaryon's technology?
How will GUE maintain its ownership position in Ubaryon?
