Annonce • Feb 13
Snow Lake Resources Ltd. (NasdaqCM:LITM) completed the acquisition of remaining 80.30% stake in Global Uranium and Enrichment Limited (ASX:GUE). Snow Lake Resources Ltd. (NasdaqCM:LITM) entered into a binding Scheme Implementation Deed to acquire remaining 80.30% stake in Global Uranium and Enrichment Limited (ASX:GUE) for approximately AUD 35.5 million on October 6, 2025. Global Uranium shareholders will receive AUD 0.0968 in Snow Lake shares for each GUE Share held. The number of new Snow Lake shares will be based on a formula and adjusted for the USD/AUD exchange rate, subject to a maximum of 0.083878 new Snow Lake shares for each GUE Share held. Upon completion, Snow Lake Resources Ltd. will own 100% stake in Global Uranium and Enrichment Limited. GUE shareholders (excluding Snow Lake, which has an existing 19.7% shareholding in Global Uranium) to own ~33% of pro-forma shares outstanding of the enlarged Snow Lake (Combined Group) if the Scheme is implemented. Upon implementation of the Schemes, the Snow Lake Board remains unchanged, while Tim Brown and Jim Viellenave from Global Uranium's executive team join as U.S. Country Manager and Technical Adviser, respectively. In case of termination of transaction, Snow Lake Resources Ltd. and Global Uranium and Enrichment Limited will pay a termination fee of AUD 0.68 million.
The transaction is contingent upon several conditions: (a) FIRB approval must be obtained on the Business Day immediately prior to the Second Court Date, with the Treasurer of the Commonwealth of Australia providing a written notice of no objection, which must be unconditional or reasonably acceptable to Snow Lake. (b) The Court must approve the Scheme in accordance with section 411(4)(b) of the Corporations Act, satisfying Section 3(a)(10) of the U.S. Securities Act for all New Snow Lake Shares. (c) GUE Shareholders, excluding Excluded Shareholders, must approve the Scheme at the Scheme Meeting by the requisite majorities under section 411(4)(a)(ii) of the Corporations Act. (d) An Independent Expert must issue a report concluding that the Scheme is in the best interests of GUE Shareholders, and this conclusion must remain unchanged before the Scheme Booklet is registered by ASIC. (e) All necessary regulatory conditions, including those from ASIC, ASX, and Canadian securities laws, must be fulfilled on the Second Court Date. (f) The New Snow Lake Shares must be approved for listing on Nasdaq. (g) The Convertible Notes Completion must occur by the tenth Business Day after the date of this deed. (h) No Government Agency should take action to prevent or prohibit the Scheme, and no material adverse changes or prescribed events should occur for either GUE or Snow Lake. (i) All warranties and undertakings must remain unbreached, and (j) GUE must ensure all performance rights are addressed as per the Scheme Implementation Deed. The transaction is also subject to the cancellation of Private Treaty Options as outlined in the deed. The Independent GUE Board has unanimously recommended that GUE securityholders vote in favour of the Schemes. The expected completion of the transaction is in the first quarter of 2026. As of December 8, 2025 Snow Lake Resources Ltd has received its Australian Foreign Investment Review Board ("FIRB") approval for the acquisition. As of 19 December 2025, the Scheme Meetings will take place 27 January 2026. The transaction is expected to be effective on 4 February 2026. As per the announcement dated January 27, 2026 the transaction has been approved by the shareholders of Global Uranium and Enrichment Limited. As of February 3, 2026 the deal has been approved by the Federal Court of Australia.
Canaccord Genuity Group Inc. acted as financial advisor for Global Uranium and Enrichment Limited. Sternship Advisers Pty Ltd. acted as financial advisor for Snow Lake Resources Ltd. Scott Gibson and Michael Ng, Cameron Bill of Thomson Geer acted as legal advisor for Global Uranium and Enrichment Limited. James Nicholls, Emily Eardley, Alexis Brensell and Emily Wang of Hamilton Locke Pty Ltd acted as legal advisor for Snow Lake Resources Ltd. Garfinkle, Biderman LLP acted as legal advisor for Snow Lake Resources Ltd. Nauth LPC acted as legal advisor for Snow Lake Resources Ltd. Automic Pty Ltd. acted as registrar for Global Uranium and Enrichment Limited.
Snow Lake Resources Ltd. (NasdaqCM:LITM) completed the acquisition of remaining 80.30% stake in Global Uranium and Enrichment Limited (ASX:GUE) on February 13, 2026.. Annonce • Jan 14
Snow Lake Completes Highly Successful Drill Program At the Pine Ridge Uranium Project in Wyoming Snow Lake Resources Ltd. announced that it has received the final set of drill results from an additional 21 drill holes (out of a total of 114 holes) that have been completed on the Pine Ridge Uranium Project ("Pine Ridge"), located in the prolific Powder River Basin in Wyoming, a 50/50 joint venture (the "Joint Venture") with Global Uranium and Enrichment Limited ("GUE"). This successful drill program confirmed the presence of widespread uranium mineralization at Pine Ridge, while testing only a very small percentage of the large land package, and established the continuity of mineralization in multiple areas and identified at least 25 mineralized roll fronts contained within three major sandstone packages. Final 2025 program drill results continue to highlight multiple zones of mineralization at Pine Ridge; Highly successful drill program was completed with 114 holes and 38,000m (125,000 ft); Drilling results have continued to define roll front mineralization and have increased the number of mineralized horizons. New results include: 1.2m at 0.040% (400 ppm) U O from 173.7m in PR25-103 and: 0.8m at 0.045% (450 ppm) U O from 176.0m; 0.9m at 0.041% (410 ppm) U O from 194.2m in PR25-102 and: 1.1m at 0.1m at 0.029% (290 ppm) U O from 196.3m; 1.2m at 0.,2m at 0.032% (320 ppm) U O from 254.7m in PR25 -106; Best results from the drill program include: 2.6m at 0.101% (1,010 ppm) U O from 257.6m in PR25-093 including; 2.0m at 0.124% (1,240ppm) U O at 257.9m; 2.0m at0.092% (920 ppm) U O from 314.8m in PR25-017, including 1.2m at 0".2m at 0.132% (1,320 ppm) U O from 315.0m. 3.5m at 0.054% (540 ppm) U O from 321.3m in PR25-031, including 1.1m at 0.,1m at 0.078% (780 ppm) U O from 321". Drilling reported in the most recent area drilled has further supported this geologic interpretation while returning the most significant assay results to date with the previously reported 2.6m at 0.,101% (1,010ppm U O from 257.6 m including 2.0m at 0.,124% (1,010 ppm") U O from 257.6M including 2.0m at0". Annonce • Oct 06
Snow Lake Resources Ltd. (NasdaqCM:LITM) entered into a binding Scheme Implementation Deed to acquire remaining 80.30% stake in Global Uranium and Enrichment Limited (ASX:GUE) for approximately AUD 35.5 million. Snow Lake Resources Ltd. (NasdaqCM:LITM) entered into a binding Scheme Implementation Deed to acquire remaining 80.30% stake in Global Uranium and Enrichment Limited (ASX:GUE) for approximately AUD 35.5 million on October 6, 2025. Global Uranium shareholders will receive AUD 0.0968 in Snow Lake shares for each GUE Share held. The number of new Snow Lake shares will be based on a formula and adjusted for the USD/AUD exchange rate, subject to a maximum of 0.083878 new Snow Lake shares for each GUE Share held. Upon completion, Snow Lake Resources Ltd. will own 100% stake in Global Uranium and Enrichment Limited. GUE shareholders (excluding Snow Lake, which has an existing 19.7% shareholding in Global Uranium) to own ~33% of pro-forma shares outstanding of the enlarged Snow Lake (Combined Group) if the Scheme is implemented. Upon implementation of the Schemes, the Snow Lake Board remains unchanged, while Tim Brown and Jim Viellenave from Global Uranium's executive team join as U.S. Country Manager and Technical Adviser, respectively. In case of termination of transaction, Snow Lake Resources Ltd. and Global Uranium and Enrichment Limited will pay a termination fee of AUD 0.68 million.
The transaction is contingent upon several conditions: (a) FIRB approval must be obtained on the Business Day immediately prior to the Second Court Date, with the Treasurer of the Commonwealth of Australia providing a written notice of no objection, which must be unconditional or reasonably acceptable to Snow Lake. (b) The Court must approve the Scheme in accordance with section 411(4)(b) of the Corporations Act, satisfying Section 3(a)(10) of the U.S. Securities Act for all New Snow Lake Shares. (c) GUE Shareholders, excluding Excluded Shareholders, must approve the Scheme at the Scheme Meeting by the requisite majorities under section 411(4)(a)(ii) of the Corporations Act. (d) An Independent Expert must issue a report concluding that the Scheme is in the best interests of GUE Shareholders, and this conclusion must remain unchanged before the Scheme Booklet is registered by ASIC. (e) All necessary regulatory conditions, including those from ASIC, ASX, and Canadian securities laws, must be fulfilled on the Second Court Date. (f) The New Snow Lake Shares must be approved for listing on Nasdaq. (g) The Convertible Notes Completion must occur by the tenth Business Day after the date of this deed. (h) No Government Agency should take action to prevent or prohibit the Scheme, and no material adverse changes or prescribed events should occur for either GUE or Snow Lake. (i) All warranties and undertakings must remain unbreached, and (j) GUE must ensure all performance rights are addressed as per the Scheme Implementation Deed. The transaction is also subject to the cancellation of Private Treaty Options as outlined in the deed. The Independent GUE Board has unanimously recommended that GUE securityholders vote in favour of the Schemes. The expected completion of the transaction is in the first quarter of 2026.
Canaccord Genuity Group Inc. acted as financial advisor for Global Uranium and Enrichment Limited. Sternship Advisers Pty Ltd. acted as financial advisor for Snow Lake Resources Ltd. Thomson Geer acted as legal advisor for Global Uranium and Enrichment Limited. Hamilton Locke Pty Ltd acted as legal advisor for Snow Lake Resources Ltd. Garfinkle, Biderman LLP acted as legal advisor for Snow Lake Resources Ltd. Nauth LPC acted as legal advisor for Snow Lake Resources Ltd. Automic Pty Ltd. acted as registrar for Global Uranium and Enrichment Limited. Annonce • Sep 17
Snow Lake Resources Ltd. Announces Excellent Initial Drill Results on Its Pine Ridge Uranium Project, Located in the Prolific Powder River Basin in Wyoming Snow Lake Resources Ltd. announced excellent initial drill results on its Pine Ridge Uranium Project ("Pine Ridge"), located in the prolific Powder River Basin in Wyoming, a 50/50 joint venture (the "Joint Venture") with Global Uranium and Enrichment Limited ("GUE"). The Joint Venture has completed a total of 33 holes on Pine Ridge, for a total of 12,540m (41,140 ft) of drilling. The drilling has delivered encouraging intercepts including 1.1m at 780 ppm U O within a broader interval of 3.5m at 540 ppm U O and including 1.2m at 1,320 ppm UO within a broader interval of 2.0m at 920 ppm U O. Highlights: Drill results from the first 33 drill holes confirm the strong potential of Pine Ridge; Wide-spaced drilling focused on aggressively exploring near-surface roll front mineralisation, returned encouraging results, including: 2.0m at 0.092% (920 ppm) U O from 314.8m in PR25-017, including 1.2m at 0.132% (1,320 ppm) U O from 315.6m in PR25-008 including 1.7m at 0.085% (850 ppm) U O from 411.9m; 1.4m at 0.035% (350 ppm) U O from 237.3m in PR25-004; 1.1m at 0.031% (310 ppm) U O from 334.0m in PR25-005; 2.1m at 0.034% (340 ppm) U O from 348.1m in PR25-007; 1.8m at 0.042% (420 ppm) U O from 388.0 in PR25-009; 3.5m at 0.054% (540 ppm) U O from 321.3m in PR25 -031, including 1.1m at 0.,078% (780 ppm) U O from 321.,4m, 1.8m at 0.,060% (600 ppm) U O from 350.4m in PR25-023 including 1.2m at0.073% (730 ppm) U O from 350.,5m, 4.0m at 0.035% ("350 ppm) U O from 315.,3m in PR25-027; 2.1m at0.048% (480 ppm) U O from 276.1m at 0.046% (460 ppm) U O from 378.6m in PR25 -020. Drilling is ongoing and is expected to continue through to the end of November 2025. Annonce • Aug 06
Snow Lake Resources Ltd. (NasdaqCM:LITM) entered into an unsolicited, indicative and nonbinding offer to acquire Horse Heaven Antimony-Gold-Tungsten Project from Resolution Minerals Ltd (ASX:RML) for approximately AUD 230 million. Snow Lake Resources Ltd. (NasdaqCM:LITM) entered into an unsolicited, indicative and nonbinding offer to acquire Horse Heaven Antimony-Gold-Tungsten Project from Resolution Minerals Ltd (ASX:RML) for approximately AUD 230 million on August 2, 2025. The consideration was paid via a combination of cash and LITM shares. Snow Lake has also requested a period of exclusivity to conduct due diligence and finalize negotiations with RML on the terms of the Offer. Annonce • Jul 25
Snow Lake Resources Ltd. Announces Exploration Drilling Underway At the Pine Ridge Uranium Project in Wyoming Snow Lake Resources Ltd. announced that its initial exploration drill program is now underway at the Pine Ridge Uranium Project in Wyoming ("Pine Ridge"), a 50/50 joint venture (the "Joint Venture") with Global Uranium and Enrichment Limited ("GUE"). Pine Ridge is located in the Powder River Basin in Wyoming, the most significant area for uranium production in the U.S., primarily via ISR production methods. The Joint Venture's maiden drill program at Pine Ridge, consisting of 38,000m (125,000ft) of drilling, will focus on testing high priority targets. Highlights: Drill permit approval received from Wyoming Department of Environmental Quality (DEQ) for the maiden drill program at the Pine Ridge. Pine Ridge is a near-development In-Situ Recovery (ISR) uranium project located in the heart of Wyoming's prolific Powder River Basin and primed for rapid advancement. A large and aggressive drill program of 38,000m (125,000ft) began this week with high priority drill targets identified. Pine Ridge is located 15km from Cameco's Smith Ranch Mill and is surrounded by established uranium projects held by UEC and Cameco. Exploration Program Overview: The Drilling Permit has been received from Wyoming DEQ and the drill program has begun. Single Water Services LLC will conduct the drilling program and has successfully completed numerous previous drilling campaigns at Pine Ridge. Their familiarity is expected to support an efficient and well executed program, with the potential addition of a second rig to accelerate progress. A contract has also been signed with Hawkins CBM Logging Inc. from Cody, Wyoming. Mr. Soliz has significant experience and expertise in the region, highlighted by more than 25 years of exploration and production experience in the Powder River Basin, including at the adjacent Smith Ranch project operated by Cameco. The geologic modeling has guided the identification of high-priority drill targets in the area with approximately 38,000m (125.,000 ft) of drilling to be completed inside these areas during the initial exploration program. Annonce • Jul 18
Snow Lake Resources Ltd. Announces Drilling Program At Pine Ridge Snow Lake Resources Ltd., d/b/a Snow Lake Energy provided an update on progress at its uranium projects in Wyoming and Namibia, together with how the exploration and development of such projects hold the potential to directly support U.S. national and energy security objectives. Highlights: Drill rigs set to start turning the week of July 21, 2025 at the Pine Ridge uranium project ("Pine Ridge") in Wyoming; Pine Ridge is a 50/50 joint venture (the "Joint Venture") between Snow Lake and Global Uranium and Enrichment Limited ("GUE") The drill campaign at Pine Ridge is planned to undertake a total of 38,000m (125,000ft) of drilling; Pine Ridge is a near development In-Situ Recovery ("ISR") uranium project located in the heart of Wyoming's prolific Powder River Basin primed for rapid advancement; The objective of the current drill program at Pine Ridge is to produce a maiden resource estimate prior to the end of 2025; The Engo Valley uranium project ("Engo Valley") Phase 2 drill program continues, and is planned to consist of up to approximately 7,500 meters of a combination of reverse circulation and diamond drilling; Phase 2 is designed to provide a drill database sufficient to calculate a maiden uranium resource estimate in accordance with SK-1300 prior to the end of 2025. U.S. Administration executive orders on nuclear energy and domestic production of critical minerals, including uranium, provide significant tailwinds to support the development of Pine Ridge and Engo Valley projects. The Nuclear Executive Orders are designed to Accelerate the deployment of nuclear energy in the U.S. Deploy advanced nuclear reactor technologies, including SMRs; Quadruple nuclear energy in the U. S. by 2050; Reinvigorate the nuclear industrial base, including uranium mining and enrichment; Combined with all previous Executive Orders on critical minerals, these orders will: Dramatically increase global demand for uranium; Accelerate U.S. domestic uranium mining; The AI arms race between the U.S. and China continues to heat up, and is driving massive: Investments in data centres to drive the AI revolution; Demand for nuclear energy to power data centres; Demand for uranium, including new uranium mines, to power nuclear reactors; Acceleration of Pine Ridge Development Timelines; The Executive Orders have the potential to fast-track Pine Ridge through development, permitting, and into production. The Joint Venture has selected Single Drilling to execute its initial drilling program at Pine Ridge. Single Drilling brings extensive operational experience, having successfully completed numerous previous drilling campaigns at the Pine Ridge site. Drill Program at Engo Valley: The Phase 2 drill program ("Phase 2") at Engo Valley has been designed to follow up on the Phase 1 drill program completed in 2024, and will focus on the MUO and D1 target areas. The objective of Phase 2 is to develop a drill data base sufficient to calculate a maiden mineral resource estimate for Engo Valley by the end of 2025. A total of 5,784 meters of drilling were completed, including 1,061 meters of diamond drilling. A historic, non-compliant S-K 1300 mineral resource estimate was completed by Gencor in the 1970's on the MUO and D 1 Extension. The Phase 1 drill program ("Phase 1"), completed in 2024, consisted of 1,570 meters of reverse circulation drilling in 20 holes. The Phase 2 drill program is planned to consist of up To approximately 7,500 meters of reverse circulation and diamond drilling, and is designed to provide a drill databases sufficient to calculate a maiden resource estimate in accordance withSK-1300. A total of 21 infill RC holes have been completed in the MUO, 6 infill RC holes within the D1 North area, and will be completed in the D1 North area. Annonce • Jun 20
Snow Lake Resources Ltd. Receives Positive Preliminary Results from Engo Valley Phase 2 Drill Program Snow Lake Resources Ltd. announced that it has received some positive initial results from the Phase 2 drill program at the Engo Valley Uranium Project ("Engo Valley"). First segment of the Phase 2 drill program is now complete; A total of 31 reverse circulation (RC) drill holes completed for a total of 2,719 meters; 8 out of the 31 RC drill holes in the first segment returned mineralized intersections greater than 100 ppm eUO, ranging from 1 meter to 20 meters in width; Samples from each drill hole have been sent for chemical assays and results are pending; Phase 2 drill program is planned to consist of up to 7,500 meters of a combination of reverse circulation and diamond drilling, and is designed to provide a drill database sufficient to calculate a maiden uranium mineral resource estimate in accordance with SK-1300; Maiden mineral resource estimate is currently scheduled for completion before the end of 2025. Update - Phase 2 Drill Program: A total of 21 infill RC holes have been completed in the MUO, 6 infill RC holes within the D1 North area, and 4 RC holes were completed in the MUO-D1 area. Downhole radiometrics were completed on each drill hole with a gamma spectrometer probe. The reader is caused that Snow Lake uses eUO calculations as a preliminary indication for chemical grades that have yet to be confirmed by chemical assays. Notable results from the downhole radiometrics on the first segment of drilling include: Mineralized intersection of 997 ppm eUO over a 7 m interval, associated with shale, observed from drill hole ERCH025; Mineralized intersection of 296 ppm eUO over a 1.2m interval, associated with shale, associated with shale, observed by drill hole ERCH026.lection and preparation of samples for wet chemical analysis is in progress. Samples will be submitted to ALS laboratories. Analysis of data from the Phase 1 drill program samples did confirm that radiometric grades are reliable and can be used as equivalent radiometric grades. Sampling is undertaken on each meter interval. Selective sampling of drill holes using downhole radiometric grades has been carried out based on this outcome. The diamond drilling segment of the Phase 2 drill programs is scheduled to start during the week of June 15, 2025. A total of 19 diamond drill holes are planned for the MUO and 8 diamond drill holes are planned to be drilled in the D1 area. The objective of the Phase 2 drill program are to develop a drill data base sufficient to calculate a maiden mineral resource estimate for Engo Valley by the end of 2025. Phase 2 is focused on the MUO, and the D1 target area. Assuming the Phase 2 drill program continues to go according to plan and assay results are received in a timely fashion, the preparation of a maiden mineral resource estimate forEngo Valley is targeted for completion before the end of 2020. Annonce • May 09
Snow Lake Resources Ltd. Approves Election of Jack Wortzman as Director Snow Lake Resources Ltd. approved election of Jack Wortzman as the Company's director. Annonce • Apr 19
Snow Lake Resources Ltd., Annual General Meeting, May 08, 2025 Snow Lake Resources Ltd., Annual General Meeting, May 08, 2025. Location: (meeting id: 865 6843 2793), Canada Annonce • Apr 17
Snow Lake Resources Ltd. Announces Phase 2 Drill Program At Its Engo Valley Uranium Project Snow Lake Resources Ltd. announced that the Phase 2 drill program at its Engo Valley Uranium Project ("Engo Valley") is now underway. Phase 2 drill program is now underway. Drill crews are on site, have established their exploration camp, and the initial drill holes comprising the Phase 2 drill program have now been completed. Phase 2 is planned to consist of up to 7,500 meters of a combination of reverse circulation and diamond drill holes, and is designed to provide a drill database sufficient to calculate a maiden uranium mineral resource estimate in accordance with SK-1300. Maiden mineral resource estimate is currently scheduled for completion during the second half of 2025. Phase 2 also includes plans to test a number of additional targets in the north and south parts of the project, outside of the two targets which are the main focus of Phase 2. The Phase 2 drill program has been planned to consist of an aggregate of up to 7, 500 meters of a combination of reverse distribution and diamond drill holes in an in-fill grid pattern sufficient to allow the calculation of a maiden mineral resource estimate. Phase 2 will be focused on the Main Uranium Occurrence ("MUO"), and the D1 target area ("D1"). A number of drill holes will be undertaken on some of the targets identified by the radon cup survey undertaken in 2024, outside of the MOU and D1. Downhole radiometrics will be conducted on each drill hole. Assuming the Phase 2 drill program goes according to plan and assay results are received in a timely fashion, the preparation of a maiden mineral resource estimate for Engo Valley is targeted for completion during the Second half of 2025.