Snow Lake Resources Ltd. welcomed the Trump Administration's March 20, 2025 Executive Order aimed at accelerating American mineral production, including uranium. This Executive Order establishes uranium as a critical mineral for national and energy security.
The Executive Order mandates immediate action across federal agencies to expedite permitting and approvals for domestic mineral projects. It also directs funding and investment support through the Department of Defense, the U.S. International Development Finance Corporation, and the U.S. Export-Import Bank.
Snow Lake's 50/50 joint venture with Global Uranium and Enrichment Limited (GUE) on the Pine Ridge Uranium Project in Wyoming is now positioned to directly benefit from these measures. The Pine Ridge Project is an advanced-stage uranium asset in Wyoming's Powder River Basin, a uranium-rich region in the U.S.
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