Pine Ridge Project Significantly Expanded
Snow Lake Energy (NASDAQ: LITM) has significantly expanded its Pine Ridge Uranium Project in Wyoming's Powder River Basin through a joint venture with Global Uranium and Enrichment Limited. The expansion includes:
- 937 new claims covering 7,045 hectares of federal mineral parcels
- 85% increase in total landholding, now reaching 15,130 hectares
- Nearly doubled prospective strike length from 225 km to 435 km
The Pine Ridge Project is an advanced In-Situ Recovery (ISR) uranium project strategically located near major industry players. It sits approximately 15km from Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5Mlbs U3O8 annually. The project is surrounded by existing uranium operations held by UEC and Cameco in the premier U.S. uranium basin.
CEO Frank Wheatley emphasized this expansion as a strategic move to enhance their position in the Powder River Basin, with exploration planned to begin in the 2025 season.
Snow Lake Energy (NASDAQ: LITM) ha ampliato significativamente il suo Progetto Uranio Pine Ridge nella Powder River Basin del Wyoming tramite una joint venture con Global Uranium and Enrichment Limited. L'espansione comprende:
- 937 nuove concessioni che coprono 7.045 ettari di terreni minerari federali
- un aumento dell'85% della superficie totale, ora pari a 15.130 ettari
- quasi il raddoppio della lunghezza della zona prospettica da 225 km a 435 km
Il progetto Pine Ridge è un avanzato progetto di recupero in situ (ISR) di uranio situato strategicamente vicino ai principali operatori del settore. Si trova a circa 15 km dal Smith Ranch Mill di Cameco, che ha una capacità autorizzata di 5,5 milioni di libbre di U3O8 all'anno. Il progetto è circondato da operazioni uranifere esistenti di UEC e Cameco nella principale area di estrazione di uranio degli Stati Uniti.
Il CEO Frank Wheatley ha sottolineato che questa espansione rappresenta una mossa strategica per rafforzare la loro posizione nella Powder River Basin, con l'esplorazione prevista per la stagione 2025.
Snow Lake Energy (NASDAQ: LITM) ha ampliado significativamente su Proyecto de Uranio Pine Ridge en la Cuenca del Río Powder en Wyoming mediante una empresa conjunta con Global Uranium and Enrichment Limited. La expansión incluye:
- 937 nuevas concesiones que abarcan 7,045 hectáreas de parcelas minerales federales
- un aumento del 85% en la superficie total, alcanzando ahora 15,130 hectáreas
- casi el doble de la longitud prospectiva, de 225 km a 435 km
El Proyecto Pine Ridge es un avanzado proyecto de Recuperación In Situ (ISR) de uranio estratégicamente ubicado cerca de importantes actores de la industria. Está a aproximadamente 15 km del Smith Ranch Mill de Cameco, que tiene una capacidad autorizada de 5.5 millones de libras de U3O8 anuales. El proyecto está rodeado por operaciones de uranio existentes de UEC y Cameco en la principal cuenca de uranio de EE.UU.
El CEO Frank Wheatley destacó que esta expansión es un movimiento estratégico para fortalecer su posición en la Cuenca del Río Powder, con exploraciones planeadas para la temporada 2025.
Snow Lake Energy (NASDAQ: LITM)는 Global Uranium and Enrichment Limited와의 합작 투자로 와이오밍 파우더 리버 분지에 위치한 Pine Ridge 우라늄 프로젝트를 크게 확장했습니다. 확장 내용은 다음과 같습니다:
- 연방 광물 구역 7,045헥타르에 걸친 937개의 신규 권리 확보
- 총 토지 보유 면적 85% 증가, 현재 15,130헥타르에 달함
- 탐사 가능 구간 길이 거의 두 배 증가, 225km에서 435km로 확대
Pine Ridge 프로젝트는 주요 산업체 근처에 전략적으로 위치한 고급 현장 회수법(ISR) 우라늄 프로젝트입니다. 이 프로젝트는 연간 550만 파운드 U3O8의 허가 용량을 가진 Cameco의 Smith Ranch Mill에서 약 15km 떨어져 있습니다. 프로젝트는 미국 최고의 우라늄 분지 내 UEC와 Cameco가 보유한 기존 우라늄 운영 지역으로 둘러싸여 있습니다.
CEO Frank Wheatley는 이번 확장이 파우더 리버 분지에서의 입지를 강화하기 위한 전략적 조치이며, 2025년 탐사가 시작될 예정이라고 강조했습니다.
Snow Lake Energy (NASDAQ : LITM) a considérablement étendu son Projet d'uranium Pine Ridge dans le bassin de la rivière Powder, Wyoming, grâce à une coentreprise avec Global Uranium and Enrichment Limited. L'expansion comprend :
- 937 nouvelles concessions couvrant 7 045 hectares de parcelles minérales fédérales
- une augmentation de 85 % de la superficie totale, atteignant désormais 15 130 hectares
- une quasi-doublement de la longueur prospective, passant de 225 km à 435 km
Le projet Pine Ridge est un projet avancé d'extraction d'uranium par récupération in situ (ISR), stratégiquement situé à proximité des principaux acteurs de l'industrie. Il se trouve à environ 15 km de l'usine Smith Ranch de Cameco, qui dispose d'une capacité autorisée de 5,5 millions de livres d'U3O8 par an. Le projet est entouré par des opérations d'uranium existantes détenues par UEC et Cameco dans le bassin d'uranium principal des États-Unis.
Le PDG Frank Wheatley a souligné que cette expansion représente une démarche stratégique pour renforcer leur position dans le bassin de la rivière Powder, avec des explorations prévues pour la saison 2025.
Snow Lake Energy (NASDAQ: LITM) hat sein Pine Ridge Uraniumprojekt im Powder River Becken von Wyoming durch ein Joint Venture mit Global Uranium and Enrichment Limited erheblich erweitert. Die Erweiterung umfasst:
- 937 neue Claims, die 7.045 Hektar Bundesminenflächen abdecken
- eine Steigerung der Gesamtfläche um 85 % auf nun 15.130 Hektar
- fast eine Verdopplung der prospektiven Streichlänge von 225 km auf 435 km
Das Pine Ridge Projekt ist ein fortgeschrittenes In-Situ-Recovery (ISR) Uranprojekt, das strategisch nahe wichtiger Branchenakteure liegt. Es befindet sich etwa 15 km vom Smith Ranch Mill von Cameco entfernt, das eine lizenzierte Kapazität von 5,5 Mio. Pfund U3O8 pro Jahr hat. Das Projekt ist von bestehenden Uranbetrieben von UEC und Cameco im führenden US-Uranbecken umgeben.
CEO Frank Wheatley betonte, dass diese Erweiterung ein strategischer Schritt sei, um ihre Position im Powder River Becken zu stärken, mit Erkundungen, die in der Saison 2025 beginnen sollen.
- 85% expansion of Pine Ridge landholding with 937 new claims (7,045 hectares)
- Total project size increased to 15,130 hectares (37,387 acres)
- Strategic location near Cameco's Smith Ranch Mill (5.5Mlbs U3O8 p.a. capacity)
- Prospective strike length nearly doubled from 225 km to 435 km
- Project located in premier U.S. uranium basin with proven ISR production history
- No immediate revenue generation potential mentioned
- Exploration phase project with no defined timeline for production
- Dependent on joint venture partnership for development
Insights
Snow Lake's 85% expansion of uranium project footprint in Wyoming's premier basin significantly enhances exploration potential with doubled strike length.
Snow Lake's
The project's location between existing uranium operations owned by UEC and Cameco provides geological continuity confidence. Particularly valuable is the proximity to Cameco's Smith Ranch Mill (just 15km away), which has 5.5Mlbs U3O8 annual processing capacity – creating potential infrastructure advantages should exploration prove successful.
Most significantly, modeling of redox boundaries suggests nearly doubling of prospective strike length from approximately 225km to nearly 435km. These boundaries are crucial features for roll-front type uranium deposits typical of Wyoming basins, indicating substantially increased exploration potential across the expanded property.
With the company indicating exploration activities beginning shortly for the 2025 season, this expanded footprint provides significantly more targets for assessment. While still early-stage, this land acquisition materially enhances Snow Lake's position in a proven uranium district with established infrastructure nearby.
Strategic uranium project expansion positions Snow Lake advantageously in America's premier uranium basin amid strengthening nuclear energy fundamentals.
Snow Lake's
The strategic value of this expansion becomes clear when considering the property's position between existing operations owned by sector leaders UEC and Cameco, providing geological validation. The proximity to established infrastructure, specifically Cameco's Smith Ranch Mill just 15km away with its 5.5Mlbs annual uranium processing capacity, could substantially reduce development barriers should exploration prove successful.
From a geological perspective, the modeling showing an increase in redox boundaries from 225km to 435km of prospective strike length represents dramatically enhanced exploration potential. These redox features are critical for Wyoming-type uranium deposits, essentially providing Snow Lake with nearly double the exploration targets for their upcoming 2025 program.
While considerable exploration work remains before resource definition, this expansion materially strengthens Snow Lake's uranium exploration portfolio exactly where it matters most – in a proven uranium district with nearby processing infrastructure, creating optimal positioning for future exploration efforts.
Winnipeg, Manitoba--(Newsfile Corp. - April 29, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, announces that Snow Lake's joint venture with Global Uranium and Enrichment Limited ("GUE") has significantly expanded the Pine Ridge Uranium Project ("Pine Ridge") landholding in the Powder River Basin in Wyoming.
Highlights
- Pine Ridge landholding expanded by circa
85% , including 937 new claims staked covering approximately 7,045 hectares (17,408 acres) of previously unclaimed Federal mineral parcels
- Additional staked claims expand and enhance the Pine Ridge landholding, which now totals approximately 15,130 hectares (37,387 acres)
CEO Remarks
"The expansion of the landholding at Pine Ridge is a strategic step with our joint venture partner Global Uranium and Enrichment Limited to enhance our position in the Powder River Basin" said Frank Wheatley, CEO of Snow Lake. "We look forward to shortly starting the 2025 exploration season at Pine Ridge across this expanded footprint in order to start unlocking the full value of Pine Ridge."
Pine Ridge Uranium Project
The Pine Ridge Uranium Project is an advanced In-Situ Recovery (ISR) uranium project located in the southwestern Powder River Basin of Wyoming, the premier U.S. uranium basin. Historically, the Powder River Basin is the most significant area for uranium production in the U.S. primarily via ISR production methods. The Project is surrounded by existing uranium projects held by UEC and Cameco and is also located only ~15km from Cameco's Smith Ranch Mill which has licensed capacity of 5.5Mlbs U3O8 p.a. The Smith Ranch mill is one of the largest uranium production facilities in the U.S.
Historical drilling conducted by the vendors and prior operators of Pine Ridge, combined with recent geological modelling, highlights the strong potential for further uranium mineralisation in these areas. In particular, updated modelling of redox boundaries suggests a substantial increase in prospective strike length, from approximately 225 km to nearly 435 km as shown in Figure 2.
Figure 1: Pine Ridge New Mineral Claims and Adjacent Projects
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9547/250058_1485201ad4924be4_001full.jpg
Figure 2: Pine Ridge Redox Boundaries
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9547/250058_1485201ad4924be4_002full.jpg
About Snow Lake Resources Ltd.
Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian mineral exploration company listed on Nasdaq:LITM, with a global portfolio of critical mineral and clean energy projects. The Pine Ridge Uranium project is an exploration stage project located in Wyoming, United States, and the Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia. Snow Lake also holds a portfolio of additional exploration stage critical minerals projects located in Manitoba. Learn more at www.snowlakeenergy.com.
Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd.. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law.
| Contact and Information Frank Wheatley, CEO | Investor Relations Investors: ir@snowlakelithium.com Website: www.snowlakeenergy.com | Follow us on Social Media Twitter: www.twitter.com/SnowLakeEnergy LinkedIn: www.linkedin.com/company/snow-lake-energy |
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FAQ
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