Business
Snow Lake Energy Advances Towards Completion of the Acquisition of Global Uranium and Enrichment Limited
Winnipeg, Manitoba--(Newsfile Corp. - February 3, 2026) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a nuclear fuel cycle co
About this update from Frontier Nuclear And Minerals Inc.
[{"type":"text","content":" Winnipeg, Manitoba--(Newsfile Corp. - February 3, 2026) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) (\"Snow Lake\"), a nuclear fuel cycle company, announces that its acquisition (the \"Acquisition\") of Global Uranium and Enrichment Limited (\"GUE\") is advancing towards closing after receipt of all required shareholder and court approvals. Acquisition of Global Uranium and Enrichment Limited In October 2025, Snow Lake and GUE entered into an agreement pursuant to which Snow Lake agreed to acquire all of the ordinary shares of GUE that it did not currently own, in consideration of Snow Lake issuing new Snow Lake shares by way of a share scheme of arrangement (the \"Share Scheme\") and an option scheme of arrangement (the \"Option Scheme\"), respectively, under Part 5.1 of the Corporations Act 2001 (Cth) (\"Corporations Act\") (together, the \"Schemes\"). Snow Lake CEO Remarks \"With the GUE Scheme meetings overwhelmingly approving the Schemes for Snow Lake to acquire GUE, and the Federal Court of Australia approving the transaction, we are now focused on completing this acquisition by mid-February 2026\" said Frank Wheatley, CEO of Snow Lake. \"We look forward to welcoming all GUE shareholders as new Snow Lake shareholders, as we continue aggressively implementing our strategy to develop capabilities across the nuclear fuel cycle\" Mr. Wheatley continued. GUE Scheme Meetings At the GUE Scheme Meetings held on January 27, 2026: Share Scheme Meeting: 93.02% of GUE Shareholders present and voting at the Share Scheme Meeting were in favour of the Share Scheme Resolution; and 99.19% of the total number of votes cast by GUE Shareholders at the Share Scheme Meeting were in favour of the Share Scheme Resolution; and Option Scheme Meeting: 100% of the GUE Scheme Optionholders present and voting at the Option Scheme Meeting were in favour of the Option Scheme Resolution; and 100% of the total number of votes cast by GUE Scheme Optionholders at the Option Scheme Meeting were in favour of the Option Scheme Resolution. Details of the valid proxies received and votes cast at the Share Scheme Meeting and Option Scheme Meeting (as applicable) are set out in the attachment to GUE's ASX announcement of January 27, 2026[1]. Each of the Share Scheme Resolution and Option Scheme Resolution were passed by the requisite majoriti...