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Snow Lake Resources ( (LITM) ) has issued an announcement.
On May 5, 2025, Snow Lake Resources Ltd. announced that Ubaryon Pty Ltd, in which Snow Lake holds an indirect interest, has signed a Term Sheet with Urenco Limited to form a strategic partnership. This partnership aims to advance Ubaryon’s innovative uranium enrichment technology, with Urenco investing A$5 million over three years for a 13% stake. This collaboration is expected to significantly aid in the commercialization of Ubaryon’s technology, enhancing its position in the nuclear fuel supply chain and providing strategic validation. The partnership underscores the potential for growth and development in the uranium enrichment sector, with implications for stakeholders involved in the midstream nuclear fuel supply chain.
More about Snow Lake Resources
Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on NASDAQ under the ticker LITM. The company focuses on critical mineral and clean energy projects, with exploration stage projects in Wyoming, USA, and Namibia, as well as additional projects in Manitoba, Canada.
YTD Price Performance: -69.07%
Average Trading Volume: 787,217
Technical Sentiment Signal: Buy
Current Market Cap: $30.2M
For an in-depth examination of LITM stock, go to TipRanks’ Stock Analysis page.