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Snow Lake Energy Updates on the Joint Venture with Global Uranium and Enrichment Limited on the Pine Ridge Uranium Project
Winnipeg, Manitoba--(Newsfile Corp. - April 10, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and
About this update from Frontier Nuclear And Minerals Inc.
[{"type":"text","content":" Winnipeg, Manitoba--(Newsfile Corp. - April 10, 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 the 50 / 50 joint venture with Global Uranium and Enrichment Limited (\"GUE\") on the Pine Ridge Uranium Project (\"Pine Ridge\") in Wyoming's Powder River Basin. Highlights GUE has staked additional mineral claims around Pine Ridge, bringing the total project footprint to nearly 20,000 acres of surface access and mineral rights GUE has called an extraordinary general meeting for April 14, 2025 to obtain approval from its shareholders for it's A$10 million equity raise as part of the acquisition of Pine Ridge Snow Lake has committed to invest circa A$5.8 million, for a 19.99% interest in GUE, as part of the equity raise Ubaryon continues to progress with a number of interested strategic parties towards securing funding for the ongoing development of its business CEO Remarks \"We are extremely pleased with Global Uranium and Enrichment Limited's (\"GUE\") ASX Announcement of April 3, 20251, announcing that GUE continues to stake additional mining claims around Pine Ridge in order to increase the project footprint,\" said Frank Wheatley, CEO of Snow Lake. \"This proactive approach of GUE to enhance the footprint of Pine Ridge, as well as commencing the preparation of a drill program for Pine Ridge in 2025, reinforces our belief that our joint venture with GUE on Pine Ridge holds the potential to create substantial value for our shareholders.\" Ubaryon Ubaryon is a private Australian company which is developing and commercialising a unique uranium enrichment technology (the \"Ubaryon Enrichment Technology\") based on the chemical separation of naturally occurring uranium isotopes. GUE is the largest shareholder of Ubaryon with a 21.9% shareholding. Ubaryon owns 100% of the Ubaryon Enrichment Technology. As GUE announced on February 12, 20252, Ubaryon updated its shareholders regarding commercial interest from potential major strategic partners towards securing funding for ongoing development for the business. GUE advises that this process continues to progress well with a number of interested parties and is expected to be announced within the first half of 2025. Pine Ridge Uranium Project As announced by each of Snow Lake and GU...