Snow Lake's Pine Ridge Uranium Project to Benefit from the Trump Administrations Executive Order Increasing Domestic Mineral Production
Snow Lake Resources (NASDAQ: LITM) welcomes Trump Administration's March 20, 2025 Executive Order aimed at accelerating American uranium production. The company's Pine Ridge Uranium Project in Wyoming, a 50/50 joint venture with Global Uranium and Enrichment (GUE), is positioned to benefit from this policy shift.
The Executive Order establishes uranium as a critical mineral, mandating expedited permitting and approvals for domestic projects, while directing funding support through various federal agencies. The Pine Ridge Project, located in Wyoming's Powder River Basin, is an advanced-stage uranium asset with JORC 2012 exploration potential, situated 15 km from Cameco's Smith Ranch facility.
Currently, the United States produces only 0.02% of global uranium supply, with Kazakhstan (43%), Canada (15%), Namibia (11%), Australia (9%), Uzbekistan (7%), and Russia (5%) being the primary producers. The Executive Order includes fast-tracking priority projects, delegated funding authority to the Department of Defense, establishment of a domestic mineral production fund, and enhanced support for small business participation.
Snow Lake Resources (NASDAQ: LITM) accoglie con favore l'Ordine Esecutivo del 20 marzo 2025 dell'Amministrazione Trump, volto ad accelerare la produzione di uranio americana. Il progetto Pine Ridge Uranium in Wyoming, una joint venture 50/50 con Global Uranium and Enrichment (GUE), è posizionato per beneficiare di questo cambiamento politico.
L'Ordine Esecutivo stabilisce l'uranio come minerale critico, imponendo l'accelerazione delle autorizzazioni e delle approvazioni per i progetti nazionali, mentre indirizza il supporto finanziario attraverso varie agenzie federali. Il progetto Pine Ridge, situato nel bacino di Powder River in Wyoming, è un asset di uranio in fase avanzata con potenziale di esplorazione JORC 2012, situato a 15 km dall'impianto Smith Ranch di Cameco.
Attualmente, gli Stati Uniti producono solo lo 0,02% dell'offerta globale di uranio, con il Kazakistan (43%), il Canada (15%), la Namibia (11%), l'Australia (9%), l'Uzbekistan (7%) e la Russia (5%) come principali produttori. L'Ordine Esecutivo include l'accelerazione dei progetti prioritari, l'assegnazione dell'autorità di finanziamento al Dipartimento della Difesa, l'istituzione di un fondo per la produzione mineraria domestica e un supporto potenziato per la partecipazione delle piccole imprese.
Snow Lake Resources (NASDAQ: LITM) da la bienvenida al Decreto Ejecutivo de la Administración Trump del 20 de marzo de 2025, que tiene como objetivo acelerar la producción de uranio en Estados Unidos. El Proyecto de Uranio Pine Ridge en Wyoming, una empresa conjunta 50/50 con Global Uranium and Enrichment (GUE), está posicionado para beneficiarse de este cambio de política.
El Decreto Ejecutivo establece el uranio como un mineral crítico, exigiendo la agilización de permisos y aprobaciones para proyectos nacionales, mientras dirige el apoyo financiero a través de varias agencias federales. El Proyecto Pine Ridge, ubicado en la Cuenca de Powder River en Wyoming, es un activo de uranio en etapa avanzada con potencial de exploración JORC 2012, situado a 15 km de la instalación Smith Ranch de Cameco.
Actualmente, Estados Unidos produce solo el 0.02% del suministro global de uranio, siendo Kazajistán (43%), Canadá (15%), Namibia (11%), Australia (9%), Uzbekistán (7%) y Rusia (5%) los principales productores. El Decreto Ejecutivo incluye la aceleración de proyectos prioritarios, la delegación de autoridad de financiamiento al Departamento de Defensa, el establecimiento de un fondo de producción mineral nacional y un apoyo mejorado para la participación de pequeñas empresas.
Snow Lake Resources (NASDAQ: LITM)는 미국 우라늄 생산을 가속화하기 위한 트럼프 행정부의 2025년 3월 20일 행정명령을 환영합니다. 와이오밍에 위치한 Pine Ridge 우라늄 프로젝트는 Global Uranium and Enrichment(GUE)와의 50/50 합작 투자로, 이 정책 변화로부터 혜택을 받을 수 있는 위치에 있습니다.
행정명령은 우라늄을 중요한 광물로 지정하고, 국내 프로젝트에 대한 허가와 승인을 신속하게 진행하도록 요구하며, 여러 연방 기관을 통해 재정 지원을 지시합니다. 와이오밍의 파우더 리버 분지에 위치한 Pine Ridge 프로젝트는 JORC 2012 탐사 잠재력을 가진 고급 단계의 우라늄 자산으로, Cameco의 Smith Ranch 시설에서 15km 떨어져 있습니다.
현재 미국은 전 세계 우라늄 공급의 0.02%만을 생산하고 있으며, 카자흐스탄(43%), 캐나다(15%), 나미비아(11%), 호주(9%), 우즈베키스탄(7%), 러시아(5%)가 주요 생산국입니다. 행정명령은 우선 프로젝트의 신속한 진행, 국방부에 대한 자금 지원 권한 위임, 국내 광물 생산 기금의 설립, 중소기업 참여를 위한 지원 강화를 포함합니다.
Snow Lake Resources (NASDAQ: LITM) accueille favorablement le décret exécutif de l'administration Trump du 20 mars 2025, visant à accélérer la production d'uranium aux États-Unis. Le projet de minerai d'uranium de Pine Ridge dans le Wyoming, une coentreprise à 50/50 avec Global Uranium and Enrichment (GUE), est bien positionné pour bénéficier de ce changement de politique.
Le décret exécutif établit l'uranium comme un minéral critique, imposant des autorisations et des approbations accélérées pour les projets nationaux, tout en dirigeant le soutien financier par le biais de diverses agences fédérales. Le projet Pine Ridge, situé dans le bassin de Powder River dans le Wyoming, est un actif d'uranium en phase avancée avec un potentiel d'exploration JORC 2012, situé à 15 km de l'installation Smith Ranch de Cameco.
Actuellement, les États-Unis ne produisent que 0,02 % de l'offre mondiale d'uranium, le Kazakhstan (43 %), le Canada (15 %), la Namibie (11 %), l'Australie (9 %), l'Ouzbékistan (7 %) et la Russie (5 %) étant les principaux producteurs. Le décret exécutif comprend l'accélération des projets prioritaires, la délégation de l'autorité de financement au ministère de la Défense, l'établissement d'un fonds de production minérale nationale et un soutien renforcé à la participation des petites entreprises.
Snow Lake Resources (NASDAQ: LITM) begrüßt den Executive Order der Trump-Administration vom 20. März 2025, der darauf abzielt, die amerikanische Uranproduktion zu beschleunigen. Das Pine Ridge Uranium-Projekt in Wyoming, ein 50/50-Joint Venture mit Global Uranium and Enrichment (GUE), ist so positioniert, dass es von diesem politischen Wandel profitiert.
Der Executive Order erklärt Uran zu einem kritischen Mineral, das eine beschleunigte Genehmigung und Zulassung für inländische Projekte vorschreibt und gleichzeitig finanzielle Unterstützung durch verschiedene Bundesbehörden anordnet. Das Pine Ridge-Projekt, das sich im Powder River Basin in Wyoming befindet, ist ein fortgeschrittenes Uran-Asset mit JORC 2012-Erkundungspotenzial und liegt 15 km von der Smith Ranch-Anlage von Cameco entfernt.
Derzeit produziert die Vereinigten Staaten nur 0,02% des globalen Uranangebots, wobei Kasachstan (43%), Kanada (15%), Namibia (11%), Australien (9%), Usbekistan (7%) und Russland (5%) die Hauptproduzenten sind. Der Executive Order umfasst die Beschleunigung von Prioritätsprojekten, die Übertragung der Finanzierungsbefugnis an das Verteidigungsministerium, die Einrichtung eines Fonds für die heimische Mineralproduktion und eine verbesserte Unterstützung für die Teilnahme von Kleinunternehmen.
- Strategic positioning to benefit from new federal funding and expedited permitting
- Location in established uranium-rich region with existing infrastructure
- 50/50 joint venture partnership with GUE reducing development costs
- Proximity to major uranium operation (Cameco's Smith Ranch facility)
- Project still in exploration stage without defined resources
- Dependent on government policy implementation timeline
- Complex and lengthy uranium-to-nuclear fuel supply chain
Insights
The Executive Order establishing uranium as a critical mineral represents a significant positive development for Snow Lake Resources' domestic uranium ambitions. This regulatory shift fundamentally changes the operating landscape for U.S. uranium projects through accelerated permitting and priority access to federal funding mechanisms.
The timing is particularly advantageous for Snow Lake's Pine Ridge project in Wyoming's Powder River Basin. This 50/50 joint venture with GUE positions the company to potentially capitalize on what amounts to a government-backed revitalization of domestic uranium production. The Powder River Basin location is strategically significant - it's already America's premier uranium region with established regulatory frameworks and infrastructure.
What makes this particularly compelling is the stark reality of America's current uranium production standing at just
The funding mechanisms outlined in the Executive Order significantly de-risk the capital requirements typically faced by junior mining companies. Access to Department of Defense funding, DFC support, and Export-Import Bank financing creates multiple paths to development capital that weren't previously available.
This Executive Order represents a fundamental shift in U.S. critical minerals policy with substantial implications for Snow Lake's development strategy. By designating uranium as a critical mineral and creating a multi-agency approach to accelerate domestic production, the administration has created a favorable regulatory environment that directly aligns with Snow Lake's Pine Ridge project objectives.
The order's permitting streamlining provisions are particularly consequential. Uranium projects historically face lengthy approval timelines measured in years, not months. This regulatory acceleration could significantly compress Snow Lake's path to production, potentially reducing both capital carrying costs and time-to-market.
The directive to establish a dedicated domestic mineral production fund, coupled with delegated funding authority to the Defense Department and DFC, creates unprecedented financing options for companies like Snow Lake. These aren't speculative benefits - the Executive Order explicitly mandates these agencies to prioritize investments in projects meeting national security criteria, which uranium clearly satisfies.
What's notable is how perfectly positioned Snow Lake appears to be to capitalize on this policy shift. With a joint venture uranium project in Wyoming - America's leading uranium state with established regulatory frameworks - the company has the right asset in the right location at precisely the right time as this policy aims to address America's
Winnipeg, Manitoba--(Newsfile Corp. - March 21, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a North American uranium exploration and development company, today welcomed the Trump Administration's March 20, 2025 Executive Order (the "Executive Order") aimed at aggressively accelerating American mineral production, including uranium. Snow Lake's recently announced 50/50 joint venture with Global Uranium and Enrichment Limited ("GUE") on the Pine Ridge Uranium Project ("Pine Ridge") in Wyoming is now positioned to directly benefit from the measures announced in the Executive Order.
Executive Order Unlocks Fast-Tracked Permitting and Government Funding
The Executive Order establishes uranium as a critical mineral for national and energy security. It mandates immediate action across federal agencies to expedite permitting and approvals for domestic mineral projects, while directing funding and investment support through the Department of Defense, the U.S. International Development Finance Corporation (DFC), and the U.S. Export-Import Bank.
CEO Remarks
"With the United States producing just
Pine Ridge Uranium Project - Fully Aligned with U.S. Strategic Objectives
The Pine Ridge Project, located in Wyoming's Powder River Basin, is a fully domestic, advanced-stage uranium asset with a large JORC 2012 exploration target, significant potential scale, and rapid development potential through In-Situ Recovery (ISR) methods.1 Wyoming is the U.S.'s leading uranium-producing state and benefits from a well-established, mining-friendly, regulatory framework.
Surrounded by large-scale uranium operations, including Cameco's Smith Ranch facility just 15 km away, Pine Ridge is uniquely positioned to potentially contribute to rebuilding America's uranium supply chain.
U.S. Government Commitment to Domestic Mineral Security
The Executive Order includes:
- Immediate identification and fast-tracking of priority mineral projects by federal permitting agencies
- Delegated authority to the Department of Defense and DFC to fund strategic mineral production projects through loans, grants, and equity investments
- Establishment of a dedicated domestic mineral production fund
- Use of public land for commercial mineral development and enhanced support for small business participation in the mineral sector
This landmark policy shift offers a unique opportunity for Snow Lake and GUE to develop Pine Ridge under a regulatory and financial environment explicitly designed to support projects of national significance.
Uranium Supply Chain2
The uranium-to-nuclear fuel supply chain in lengthy, complex and full of vulnerabilities from mine to nuclear reactor. Uranium is mined primarily in Kazakhstan (
United States - Uranium Production
The United States currently produces
Supporting International Supply Chain Security
In addition to Pine Ridge, Snow Lake's Engo Valley Uranium Project in Namibia aligns with the Executive Order's goal of securing international mineral supply chains. As uranium demand surges under the global nuclear energy renaissance, diversified mineral supply chains are critical for energy security.
About Global Uranium and Enrichment Limited
Global Uranium and Enrichment Limited (GUE) is an Australian public listed company providing unique exposure to not only uranium exploration and development, but to the uranium enrichment space. Amid a nuclear energy renaissance, GUE is developing a portfolio of advanced, high grade uranium assets in prolific uranium districts in the United States and Canada, and has established a cornerstone position in Ubaryon Pty Ltd, an Australian uranium enrichment technology company.
For more information on GUE, please refer to their website4.
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 clean energy mineral projects comprised of three uranium projects and two hard rock lithium projects. The Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia, the Black Lake Uranium Project is an exploration stage project located in the Athabasca Basin, Saskatchewan, and the Buffalo Uranium Project is an exploration stage project in Wyoming, United States. The Shatford Lake Project is an exploration stage project located adjacent to the Tanco lithium, cesium and tantalum mine in Southern Manitoba, and the Snow Lake Lithium™ Project is an exploration stage project located in the Snow Lake region of Northern 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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1 For more information on this exploration target see GUE's ASX Announcement dated March 12, 2025
2 Centre for Strategic & International Studies - February 5, 2025
3 Centre for Strategic & International Studies - February 5, 2025.
4 https://globaluranium.com.au
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245513
FAQ
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