Snow Lake Resources Ltd Reports Strong Initial Drill Results on Pine Ridge Uranium Project

Snow Lake Resources Ltd., trading under the ticker LITM on Nasdaq, announced on 17 September 2025 that the initial drilling campaign at its Pine Ridge Uranium Project in Wyoming’s Powder River Basin has produced encouraging results. The company, which operates as a uranium exploration and development entity under the name Snow Lake Energy, confirmed that the first series of wide‑spaced holes delivered high‑grade intercepts that underscore the project’s development potential.

Key Drill Intercepts

  • PR25‑031: 3.5 m at 0.054 % (540 ppm) U₃O₈ from 321.3 m depth, including a 1.1 m zone at 0.078 % (780 ppm) from 321.4 m.
  • PR25‑023: 1.8 m at 0.060 % (600 ppm) U₃O₈ from 350.4 m depth, including a 1.2 m zone at 0.073 % (730 ppm) from 350.5 m.
  • PR25‑027: 4.0 m at 0.035 % (350 ppm) U₃O₈ from 315.3 m depth.
  • PR25‑033: 2.1 m at 0.048 % (480 ppm) U₃O₈ from 276.1 m depth.
  • PR25‑020: 1.4 m at 0.046 % (460 ppm) U₃O₈ from 378.6 m depth.

These results were reported as part of a total of 33 holes drilled to date by the joint venture Powder River Basin LLC, a 50/50 partnership between Global Uranium and Snow Lake Energy.

Project Context

The Pine Ridge Project lies within the Powder River Basin, a region known for its prolific uranium resources. Snow Lake Resources has positioned the project as a flagship asset, with drilling expected to continue through the end of November 2025. The company’s exploration strategy focuses on roll‑front mineralisation, targeting broad‑spacing holes to delineate the extent of high‑grade zones.

Company Background

Snow Lake Resources Ltd. is a mineral company listed on Nasdaq that specializes in acquiring, exploring, and developing lithium projects in Canada and Australia. As of 16 September 2025, the company’s share price stood at $3.76 USD, with a market capitalization of approximately $44.5 million. The firm’s financial metrics include a negative price‑earnings ratio of –1.657, reflecting its status as a development-stage enterprise.

Outlook

The company’s management has indicated that the current drilling outcomes reinforce the commercial viability of the Pine Ridge Project. Continued drilling and subsequent resource definition will be essential to advance the project toward a definitive resource estimate and, ultimately, a feasibility study.

Snow Lake Resources Ltd. will provide further updates on drilling progress and technical analyses as the exploration program advances.