Frontier Nuclear And Minerals Inc. · NASDAQ:FNUC
Frontier Nuclear And Minerals — Snow Lake Energy — Merger or Acquisition (October 2025)
31 slides from Frontier Nuclear And Minerals's merger presentation, Oct 6, 2025
Slide 1: Snow Lake Energy To Acquire Global Uranium and Enrichment Limited
Snow Lake Energy To Acquire Global Uranium and Enrichment Limited NASDAQ: LITM October 6, 2025
Slide 2: Disclaimer & Forward-Looking Statements
Disclaimer & Forward-Looking Statements No securities commission or securities regulatory authority or other regulatory authority has reviewed, passed upon or endorsed the accuracy or adequacy of this document. Any representation to the contrary is unlawful and is expressly disclaimed by Snow Lake R
Slide 3: Disclaimers
Disclaimers US Securities Law None of the Snow Lake shares and warrants to be issued pursuant to the Schemes have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and the Snow Lake shares and warrants iss
Slide 4: Transaction Highlights
TRANSACTION HIGHLIGHTS ENERGY
Slide 5: SNOW LAKE and GUE - Deal Highlights
SNOW LAKE and GUE - Deal Highlights All scrip acquisition of Global Uranium and Enrichment Limited (“GUE”) by Snow Lake Energy via an Australian scheme of arrangement Transaction consideration of Post closing Snow Lake A$0.0968 per GUE share held Snow Lake will issue Nasdaq listed shareholders will
Slide 6: SNOW LAKE and GUE - Creating Value for all Shareholders
SNOW LAKE and GUE - Creating Value for all Shareholders Benefits for BOTH shareholders Beneficiary of Increased exposure Consolidation of the attractive long-term Multi-asset U.S. to U.S. focused Pine Ridge JV will uranium focused uranium nuclear fuel cycle accelerate fundamentals and project portfo
Slide 7: Creating a U.S. focused Nuclear Fuel Cycle Company
SNOW LAKE and GUE – Creating a U.S. focused Nuclear Fuel Cycle Company The combination of Snow Lake and GUE will create a U.S. focused nuclear fuel cycle company • Consolidates the Pine Ridge uranium project, a potential Tier-1 asset, allowing accelerated Uranium mining development towards an expedi
Slide 8: Becoming a Scale, U.S. Focused Uranium Company
BECOMING A SCALE, U.S. FOCUSED URANIUM COMPANY Pine Ridge | Wyoming Tallahassee | Colorado Maybell | Colorado Potential Tier -1 Project of significant scale One of the largest undeveloped uranium Growing uranium resource in a historically in the prolific Powder River Basin projects in the US signifi
Slide 9: Global Portfolio of Critical Minerals & Nuclear Technology Investments
GLOBAL PORTFOLIO OF CRITICAL MINERALS & NUCLEAR TECHNOLOGY INVESTMENTS Nuclear Technology Other Projects Strategic Investments Ubaryon Pty Ltd Engo Valley Uranium Project Lo Herma Uranium Project • 21.9% ownership and largest shareholder • 85% owned project • 10% shareholding in American Uranium • D
Slide 10: Positive US Nuclear Policy Driven by Resurgence in Global Fuel Demand
POSITIVE US NUCLEAR POLICY DRIVEN BY RESURGENCE IN GLOBAL FUEL DEMAND Growing demand, policy tailwinds, and rising fuel needs highlight the upside for U.S. producers US State of Play Government Actions and Policy Tailwinds • US sources ~50% of its uranium for nuclear power from Russia, Kazakhstan, a
Slide 11: Transaction Details
TRANSACTION DETAILS ENERGY 11
Slide 12: Transaction Overview
TRANSACTION OVERVIEW Snow Lake to acquire 100% of GUE for consideration in Snow Lake shares, by way of an Australian scheme of arrangement, targeting completion in Q1 2026 (subject to satisfaction of conditions precedent) • Recommended all-share acquisition of Global Uranium and Enrichment Limited (
Slide 13: Combined Group Overview
COMBINED GROUP OVERVIEW Pro-forma Snow Lake market capitalization of ~US$77m, with a robust balance sheet of ~US$18m cash to advance value enhancing activities across the enlarged asset portfolio Indicative Ownership Combined Group (as at announcement date) 1 Share Price2 $m US$4.94 A$0.0968 (US$0.0
Slide 14: Transaction Timetable
TRANSACTION TIMETABLE Targeting completion of Transaction in Q1 2026, subject to timing of satisfaction of Scheme conditions precedent Event Estimated Date Scheme Booklet Despatched to GUE securityholders December 2025 First Court Date December 2025 Measurement of Scheme consideration Two Business D
Slide 15: Board of Directors
BOARD OF DIRECTORS Nachum Labkowski Kathleen Skerret Shlomo Kievman • A director since November 2018, Nachum Labkowski is • Chair of the Securities Group at Gardiner Roberts • Extensive experience as a leader in the procurement currently the Chief Executive Officer and principal investor LLP, specia
Slide 16: Management
MANAGEMENT Frank Wheatley (BCom, LLB) Kyle Nazareth (CPA,CA) Brian Youngs (C.Tech.) Tim Brown (BSc, MSc, MBA) Jim Viellenave Chief Executive Officer Interim CFO VP Exploration U.S. Country Manager Technical Advisor • Over 35 years of mining and • Senior finance executive with • Leading mining consul
Slide 17: Uranium Projects
URANIUM PROJECTS ENERGY 17
Slide 18: Pine Ridge Uranium Project (Wyoming)
PINE RIDGE URANIUM PROJECT (Wyoming) Pine Ridge Uranium Project District Scale Uranium Project in Wyoming (Wyoming) • Currently a 50 / 50 Joint Venture between Snow Lake & GUE • Located in the Powder River Basin, Wyoming, the leading uranium producing region in the U.S. • A potential Tier – 1 ISR ur
Slide 19: Pine Ridge: Heart of American Domestic Uranium Production
PINE RIDGE URANIUM PROJECT (Wyoming) Situated in the Heart of American Domestic Uranium Production Powder River Basin hosts 13 licensed ISR uranium operations 2025 exploration focus on southeast portion of project 19
Slide 20: Pine Ridge Strategy and Timetable
PINE RIDGE URANIUM PROJECT (Wyoming) Strategy • Fast-track development of Pine Ridge to become the next new American uranium mine to: • Accelerate American domestic production of uranium • Establish the front end of a domestic American nuclear fuel cycle Timetable Pine Ridge Development Timeline 1 T
Slide 21: Tallahassee Uranium Project (Colorado)
TALLAHASSEE URANIUM PROJECT (Colorado) Tallahassee Uranium Project District Scale Uranium Project in Colorado (Colorado) • The Tallahassee Project is composed of five major deposits: Hansen, Taylor, Boyer, Noah, and Picnic Tree • The Hansen Deposit: • Is the largest and highest-grade deposit within
Slide 22: Maybell Uranium Project (Colorado)
MAYBELL URANIUM PROJECT (Colorado) Historically significant uranium province • Recognised uranium district, with historical production of 5.3 Mlbs at an average grade 1,300ppm. • Significant volume of high-grade material beneath and between the open pits. • Maiden 25-hole, 3,200m drill program compl
Slide 23: Engo Valley Uranium Project (Namibia)
ENGO VALLEY URANIUM PROJECT (Namibia) District Scale Uranium Project in Namibia Project Description • 85% Snow Lake Ownership – 15% Ownership by Namibian Nationals • Located on the Skeleton Coast, Northwest Namibia • Previous exploration conducted by Gencor in the 1970’s • Hosts historic uranium res
Slide 24: Engo Valley - Exploration Programs (2024 & 2025)
ENGO VALLEY – EXPLORATION PROGRAMS (2024 & 2025) Radon Cup Survey (2024) • RadonX cup survey over entire EPL • Survey covered approximately 139 square kilometers • Follow up infill survey on 100 by 200 meter spaced survey lines • Confirmation of uriniferous areas Phase 1 Drill Program (2024) • A tot
Slide 25: Athabasca Projects (Saskatchewan)
ATHABASCA PROJECTS (Saskatchewan) Substantial land package of six drill ready exploration projects • Proven,Tier-one jurisdiction. • Cameco’s McArthur River and Cigar Lake uranium mines are two of the world's two largest uranium producers. • Known as a global provider of high-grade uranium, contribu
Slide 26: Uranium Downstream Technology
4 URANIUM DOWNSTREAM TECHNOLOGY 26
Slide 27: Enrichment: Investment in Next Generation Uranium Enrichment Technology
ENRICHMENT Investment in Next Generation Uranium Enrichment Technology • Ubaryon Pty Ltd, a private Australian company developing next- generation uranium enrichment technology • GUE owns 21.9% of Ubaryon • Enrichment technology is based on the chemical separation of isotopes • Eliminates the conver
Slide 28: Investments in Small Modular Reactor Technology
SMALL MODULAR REACTOR SMR Start-Up (Idaho) Investments in Small Modular Reactor Technology SMR Start-Up • Snow Lake and Exodys Energy are forming a small modular reactor technology start-up • Launch of start-up expected during Q4 2025 • Start-up will focus on reactor design, development and deployme
Slide 29: Critical Minerals Projects
5 CRITICAL MINERALS PROJECTS 29
Slide 30: Canadian Critical Mineral Projects
CANADIAN CRITICAL MINERAL PROJECTS Snow Lake Lithium Project 100% owned exploration stage lithium project located in the Snow Lake region of Northern Manitoba • 35,000 meters of diamond drilling • SK-1300 mineral resource estimate • Positive preliminary economic assessment • Two years of environment
Slide 31: Contact Us
CONTACT US Frank Wheatley Chief Executive Officer fw@snowlakelithium.com info@snowlakelithium.com linkedin.com/company/snowlakeenergy www.snowlakeenery.com 31
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