- Snow Lake Resources (LITM, Financial) to begin drilling at Pine Ridge uranium project on July 21, 2025, with plans for a 38,000-meter program.
- Engo Valley project in Namibia continues with Phase 2, targeting approximately 7,500 meters of drilling.
- Development aligns with U.S. policies to expand nuclear energy and boost domestic uranium production.
Snow Lake Resources Ltd. (LITM) has announced significant advancements in its uranium projects in Wyoming and Namibia, supporting U.S. national and energy security strategies. The company will commence drilling operations at its Pine Ridge uranium project in Wyoming starting July 21, 2025. The project, a 50/50 joint venture with Global Uranium and Enrichment Limited, will undertake an extensive 38,000-meter drilling campaign aimed at providing a maiden resource estimate by the end of 2025.
Simultaneously, Snow Lake continues its Phase 2 drill program at the Engo Valley project in Namibia, targeting approximately 7,500 meters. This program is designed to develop sufficient drill data to calculate a maiden uranium resource estimate in line with U.S. Securities and Exchange Commission's SK-1300 standards by the end of 2025.
These developments are strategically aligned with recent U.S. Administration executive orders promoting the expansion of nuclear energy and supporting domestic production of critical minerals such as uranium. These policies are expected to provide a substantial boost to projects like Pine Ridge and Engo Valley, given the increased demand for nuclear energy to power AI-driven data centers and support national security.
Located in Wyoming's Powder River Basin, the Pine Ridge project benefits from being in a mining-friendly jurisdiction with extensive historical data. The project's development strategy focuses on In-Situ Recovery (ISR), which typically requires lower capital investment and allows for faster project timelines compared to conventional mining methods.
Snow Lake's CEO, Frank Wheatley, emphasized the potential of the Pine Ridge project to contribute significantly to U.S. energy security goals, highlighting the commencement of drilling as a major step towards achieving these objectives. The dual-geography strategy pursued by Snow Lake, with active projects in both the U.S. and Namibia, aims to mitigate risk and accelerate the company's path to resource definition.
