Snow Lake Resources Moves GUE Acquisition Forward as Scheme Booklet Reaches Securityholders

Snow Lake Resources ( (LITM) ) has provided an announcement.

On December 23, 2025, Snow Lake Resources Ltd. announced that Global Uranium and Enrichment Limited (GUE) has dispatched its Scheme Booklet to all GUE securityholders, advancing Snow Lake’s proposed acquisition of all GUE shares it does not already own and the replacement of GUE’s unlisted options with new Snow Lake warrants through separate share and option schemes of arrangement under Australian corporations law. The booklet, which includes an independent expert’s report from BDO Corporate Finance Australia concluding that both the share and option schemes are fair and reasonable in the absence of a superior proposal, and a unanimous recommendation from GUE’s independent directors to vote in favor, sets the stage for upcoming securityholder meetings that, if approving the schemes, would consolidate GUE into Snow Lake and expand Snow Lake’s uranium and enrichment portfolio, potentially strengthening its strategic position in the nuclear fuel and critical minerals markets.

More about Snow Lake Resources

Snow Lake Resources Ltd., doing business as Snow Lake Energy, is a Canadian nuclear fuel cycle and critical minerals company listed on Nasdaq under the ticker LITM. The company holds a portfolio of U.S.-focused uranium exploration projects, including the Pine Ridge project in Wyoming and the Engo Valley uranium project in Namibia, alongside additional early-stage critical minerals projects in Manitoba and strategic investments in public companies with rare earth and lithium assets across North America. Snow Lake also has interests in next-generation uranium enrichment and small modular reactor technologies, positioning it within emerging segments of the nuclear energy value chain.

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Technical Sentiment Signal: Sell

Current Market Cap: $56.83M

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