Snow Lake Resources Ltd. (NASDAQ: LITM) announced on 21 October 2025 the creation of Kadmos Energy Services LLC, a U.S. based nuclear power company focused on the design and deployment of small modular light‑water reactors. The announcement confirms that Snow Lake holds a 49 % ownership interest in Kadmos and has committed to invest up to US$10 million in the venture, with an initial US$2 million already paid at the time of the company’s formation.
The investment structure includes a phased contribution: Snow Lake will provide the remaining US$8 million over time in cash or shares at its discretion, while Exodys Energy will hold a 14.5 % stake in exchange for technical expertise. Dr. Youssef Ballout, a former U.S. Naval Reactor Program and Idaho National Laboratory leader, will serve as Kadmos’s CEO, bringing decades of reactor design experience to the new entity.
Strategically, the move positions Snow Lake as a vertically integrated player in the nuclear sector, linking its uranium exploration assets to downstream reactor deployment. The launch aligns with U.S. administration policies promoting domestic nuclear expansion and offers Snow Lake shareholders direct exposure to the growing market for clean, low‑carbon power generation.
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