- Snow Lake Energy (NASDAQ: LITM) expands its Pine Ridge Uranium Project by 85%, adding 937 new claims in Wyoming's Powder River Basin.
- The total project now spans 15,130 hectares, with nearly doubled strike length from 225 km to 435 km.
- Exploration is scheduled to start in the 2025 season, leveraging proximity to Cameco's Smith Ranch Mill.
Snow Lake Energy, trading under the ticker LITM on NASDAQ, has announced a significant expansion of its Pine Ridge Uranium Project in the Powder River Basin of Wyoming. The company, in a joint venture with Global Uranium and Enrichment Limited, has increased its landholding by 85%, staking 937 new claims over federal mineral parcels covering approximately 7,045 hectares. This expansion brings the total project area to approximately 15,130 hectares.
The expansion strategically places Snow Lake's project amid leading industry players, being just 15 kilometers from Cameco's Smith Ranch Mill, a major uranium production facility with a licensed capacity of 5.5 million pounds of U3O8 annually. This proximity is expected to offer significant infrastructure advantages and operational synergies.
Geological modeling has indicated a substantial increase in the project's prospective strike length, extending from approximately 225 kilometers to nearly 435 kilometers. This enhancement in exploration potential is a critical development for the project, which employs In-Situ Recovery (ISR) methods, a technique well-suited for the Powder River Basin's uranium-rich landscape.
Frank Wheatley, CEO of Snow Lake, emphasized that this expansion is a strategic move to enhance the company’s position in a premier U.S. uranium basin. With exploration slated to begin in 2025, Snow Lake aims to unlock the full potential of Pine Ridge's uranium resources.
