Snow Lake Completes Acquisition of Global Uranium and Enrichment Limited

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Finviz2026/02/13 12:33

By:Finviz

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Acquisition advances Snow Lake's strategic objective to establish a nuclear fuel cycle company

Winnipeg, Manitoba--(Newsfile Corp. - February 13, 2026) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("

Snow Lake

"), a nuclear fuel cycle company, announces that it has successfully completed the acquisition (the "

Acquisition

") of Global Uranium and Enrichment Limited ("

GUE

"). The Acquisition significantly expands Snow Lake's uranium assets and investments, and advances its strategy to develop nuclear fuel cycle capabilities in the U.S.

The Acquisition consolidates within Snow Lake:

A portfolio of U.S. uranium exploration and development projects containing substantial existing uranium mineral resources with significant exploration and expansion potential
A cornerstone shareholding in Ubaryon, developing next generation uranium enrichment technology
Strategic exposure to small modular reactor ("

SMR
") development and deployment through Kadmos Energy

Together, these assets and investments position Snow Lake to develop capabilities across the nuclear fuel cycle, including uranium mining and milling, enrichment, and SMRs.

We believe the combination of Snow Lake and GUE materially advances our long-term strategy to develop capabilities across the nuclear fuel cycle," said Frank Wheatley, CEO of Snow Lake. "The combined group's increased scale consolidates the Pine Ridge uranium project in Wyoming, brings in uranium projects in Colorado, and provides broader exposure to uranium enrichment and SMRs.

Given the U.S. Administration's favorable policies on the nuclear fuel cycle, with a focus on rebuilding the nuclear industrial base, we believe Snow Lake is well-positioned to play an important role in supporting U.S. energy security while delivering long-term shareholder value. Finally, we welcome all GUE shareholders as new Snow Lake shareholders as we look forward to developing our capabilities across the nuclear fuel cycle," Mr. Wheatley concluded.

Following the completion of the Acquisition, Snow Lake will focus on the following key strategic initiatives during 2026:

Advancing the path to development across multiple U.S. uranium exploration and development projects
Supporting Ubaryon in progressing development of its uranium enrichment technology
Assisting Kadmos Energy in advancing deployment of its SMRs
Evaluating additional opportunities to expand capabilities across the nuclear fuel cycle

About Snow Lake Resources Ltd.

Snow Lake Resources Ltd. is developing a U.S. focused front-end nuclear fuel cycle company through a portfolio of U.S. uranium exploration and development projects, together with interests in next-generation uranium enrichment and small modular reactors. The Pine Ridge uranium project is an exploration-stage project located in Wyoming, and the Tallahassee uranium project is a development-stage project located in Colorado. In addition, Snow Lake holds a portfolio of various exploration and development stage critical minerals projects located in Canada and Namibia. Learn more at www.snowlakeenergy.com.

Forward-Looking Statements:

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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