Snow Lake Resources Secures Australian Court Go-Ahead for GUE Acquisition Vote

Snow Lake Resources ( (LITM) ) just unveiled an announcement.

On December 19, 2025, Snow Lake Resources announced that the Federal Court of Australia had approved initial procedural steps for its proposed acquisition of Global Uranium and Enrichment Limited (GUE), including directing GUE to convene shareholder and optionholder meetings and authorizing the dispatch of an explanatory Scheme Booklet. The court’s orders clear the way for GUE securityholders to vote in person in Sydney on January 27, 2026, on share and option schemes of arrangement under which Snow Lake aims to acquire all remaining GUE shares and cancel unlisted options in exchange for new Snow Lake warrants. The Independent GUE board has unanimously recommended that shareholders and optionholders vote in favour of the schemes, in the absence of a superior proposal and subject to a positive independent expert’s conclusion, signalling strong board-level support for the deal and marking a key milestone in Snow Lake’s strategy to expand its uranium and enrichment portfolio.

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 group holds a portfolio of U.S.-focused uranium exploration projects, including the Pine Ridge project in Wyoming and the Engo Valley project in Namibia, alongside interests in next-generation uranium enrichment and small modular reactors. It also owns additional early-stage critical minerals assets in Manitoba and stakes in other public companies with rare earth and lithium projects across North America, positioning it as an emerging player in nuclear fuel and energy transition materials.

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Technical Sentiment Signal: Sell

Current Market Cap: $49.4M

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