Tallahassee Uranium Project Scoping Study (NASDAQ: LITM)

May 6, 2025 admin Mining & Metals, Newsmakers Comments Off on Tallahassee Uranium Project Scoping Study (NASDAQ: LITM)

Winnipeg, Manitoba–May 6, 2025 – Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) (“Snow Lake“), a uranium exploration and development company, announces that Global Uranium and Enrichment Limited (“GUE“), in which Snow Lake holds a strategic 19.9% interest, has announced the completion of a positive scoping study (the “Study“) for the development of the Hansen Deposit (“Hansen“) at GUE’s Tallahassee Uranium Project (“Tallahassee“) in Colorado, U.S.

Highlights

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  • Tallahassee consists of five major targets, and the Study specifically targets Hansen

  • Hansen is the largest and highest-grade deposit within the Tallahassee Creek Uranium District of Central Colorado

  • Hansen contains a significant JORC 2021 mineral resource1

  • The purpose of the Study is to technically de-risk Hansen and to demonstrate a pathway to developing the most cost effective, technically efficient, and most permittable and environmentally sustainable mining method

  • GUE holds a 51% interest in the mineral holdings at Hansen

  • Full details of the Study can be found in GUE’s ASX Announcement of May 6, 20252

CEO Remarks

“As the cornerstone shareholder of Global Uranium and Enrichment Limited (GUE), we are extremely pleased that GUE has completed what is, in our view, a highly encouraging scoping study on the Hansen Deposit at Tallahassee” said Frank Wheatley, CEO of Snow Lake. “We believe the completion of this study is particularly timely given the U.S. Administration’s policies regarding accelerating U.S. critical mineral production, and in particular uranium.

These policy developments provide strong tailwinds for GUE to continue advancing the Hansen Deposit, as well as the broader Tallahassee uranium project, through the next phases of development.”

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.