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Results of First Australian Court Hearing re Snow Lake's Acquisition of Global Uranium and Enrichment Limited
Winnipeg, Manitoba--(Newsfile Corp. - December 19, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration
About this update from Frontier Nuclear And Minerals Inc.
[{"type":"text","content":" Winnipeg, Manitoba--(Newsfile Corp. - December 19, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) (\"Snow Lake\"), a uranium exploration and development company, provides an update on its proposed acquisition of all of the fully paid ordinary shares in Global Uranium and Enrichment Limited (\"GUE\") that it does not currently own, and the cancellation of all the unlisted GUE options, in consideration for Snow Lake issuing new warrants by way of a share scheme of arrangement (the \"Share Scheme\") and option scheme of arrangement (the \"Option Scheme\"), respectively, under Part 5.1 of the Corporations Act 2001 (Cth) (Corporations Act) (together, the Schemes). Federal Court of Australia Orders The Federal Court of Australia (Court) has today made orders: Directing GUE to convene and hold a meeting of: GUE shareholders to consider and vote on the Share Scheme (the \"Share Scheme Meeting\"); and GUE optionholders to consider and vote on the Option Scheme (the \"Option Scheme Meeting\"); (together, the \"Scheme Meetings\"); and Approving the dispatch to GUE Securityholders of an explanatory statement containing information about the Schemes, together with the Notice of Share Scheme Meeting and Notice of Option Scheme Meeting (the \"Scheme Booklet\"). GUE Scheme Meetings The Scheme Meetings will take place in person on Tuesday, January 27, 2026, at Level 7, 111 Elizabeth Street, Sydney NSW 2000 Australia. The Share Scheme Meeting will be held at 10:00 am (AEDT) and the Option Scheme Meeting will be held at the later of 11:00 am (AEDT) and the conclusion of the Share Scheme Meeting. All GUE Scheme Shareholders who are registered on the GUE Share Register at 7:00 pm (AEDT) on Sunday, January 25, 2026 will be entitled to vote at the Share Scheme Meeting. All GUE Scheme Optionholders who are registered on the GUE Option Register at 7:00 pm (AEDT) on Sunday, January 25, 2026 will be entitled to vote at the Option Scheme Meeting. GUE Securityholders who are unable, or do not wish, to attend the Scheme Meeting relevant to them are encouraged to submit a directed proxy as early as possible and, in any event, no later than 48 hours before the relevant Scheme Meeting. Further information on how to participate and vote at the Scheme Meetings will be provided in the Notice of Share Scheme Meeting and Notice of Option Sc...