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Snow Lake Resources ( (LITM) ) has issued an update.
On December 8, 2025, Snow Lake Resources Ltd. announced it received approval from the Australian Foreign Investment Review Board (FIRB) for its acquisition of Global Uranium and Enrichment Limited (GUE) and a 21.9% stake in Ubaryon Pty Ltd. This approval is a key step towards closing the acquisition in early 2026, which aligns with Snow Lake’s strategy to enhance its capabilities in the nuclear fuel cycle. The acquisition supports U.S. policies aimed at strengthening the domestic nuclear industry, contributing to national and energy security. Snow Lake’s CEO, Frank Wheatley, emphasized the strategic importance of these acquisitions in building a robust nuclear fuel supply chain.
More about Snow Lake Resources
Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian company involved in the nuclear fuel cycle and critical minerals sector. It is listed on Nasdaq under the symbol LITM and focuses on uranium projects in the United States, as well as next-generation uranium enrichment and small modular reactors. The company also has exploration stage projects in Wyoming, USA, and Namibia, and holds investments in various critical minerals assets, including rare earths and lithium, in North America.
Average Trading Volume: 2,014,947
Technical Sentiment Signal: Sell
Current Market Cap: $52.96M
See more data about LITM stock on TipRanks’ Stock Analysis page.