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WINNIPEG - Snow Lake Resources Ltd., operating as Snow Lake Energy (NASDAQ: LITM), a small-cap company with a market capitalization of $26 million and current trading price of $3.63, in partnership with Exodys Energy, has announced the formation of a new nuclear reactor development and deployment company, marking a significant expansion into the nuclear energy sector. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt, though its stock has experienced significant volatility, down nearly 71% year-to-date. This strategic move aligns with the recent momentum in the nuclear industry, fueled by policy changes including four nuclear Executive Orders signed by President Trump on May 23, 2025.
The collaboration is a key component of Snow Lake’s diversification strategy, following its uranium exploration project acquisitions in Wyoming and investment in Global Uranium and Enrichment Limited (GUE). The company maintains a healthy liquidity position with a current ratio of 2.69, indicating strong ability to meet short-term obligations. InvestingPro analysis reveals 10+ additional insights about the company’s financial position, available to subscribers. The new Reactor Company, yet to be named, will focus on small modular reactor (SMR) technology, leveraging pressurized water reactor (PWR) expertise to ensure regulatory readiness and a mature supply chain.
"Our recent uranium acquisitions and equity stake in GUE demonstrate Snow Lake’s commitment to becoming a full-spectrum player in the nuclear energy sector," said Frank Wheatley, CEO of Snow Lake Energy. The leadership of the Reactor Company will be announced in the coming weeks, with key roles filled by experienced technology leaders.
The partnership between Snow Lake and Exodys Energy will combine Snow Lake’s commercial execution with Exodys Energy’s technical guidance on fuel cycle considerations and reactor engineering support. This collaboration is designed to address the anticipated challenges in spent nuclear fuel storage and management, underscoring a comprehensive approach to the nuclear energy market.
The Reactor Company’s development is in response to the U.S. nuclear resurgence and aims to support the growing demand for clean energy, particularly for AI-powered infrastructure and hyperscale data centers. The company’s strategy includes leveraging Snow Lake’s uranium assets and market presence to advance its goals.
Snow Lake Resources Ltd. is a Canadian mineral exploration company with a portfolio of critical mineral and clean energy projects, including the Pine Ridge Uranium project in Wyoming and the Engo Valley Uranium Project in Namibia. Exodys Energy is a U.S. nuclear engineering services company specializing in fuel reprocessing and waste minimization solutions.
The information in this article is based on a press release statement. According to InvestingPro’s Fair Value analysis, Snow Lake Resources is currently undervalued, presenting a potential opportunity for investors interested in the nuclear energy sector. Discover more detailed analysis and investment opportunities in undervalued stocks at Investing.com’s Most Undervalued Stocks.
In other recent news, Snow Lake Resources Ltd., also known as Snow Lake Energy, has announced several strategic developments. The company reported a strategic investment in Commerce Resources Corp to support the Ashram Rare Earths Project in Quebec, which is recognized as the largest undeveloped Rare Earths Project in North America. This investment is part of a C$2.2 million convertible note financing, with Snow Lake contributing C$1.1 million. Additionally, Snow Lake declared a 1-for-13 reverse stock split of its common shares, aimed at meeting Nasdaq’s minimum bid price requirement. The reverse split will consolidate 13 existing shares into one new share, reducing the number of outstanding shares from approximately 101.7 million to about 7.8 million.
Snow Lake has also commenced Phase 2 drilling at its Engo Valley Uranium Project in Namibia, aiming to establish a maiden uranium mineral resource estimate by the second half of 2025. The company’s strategic growth plan includes diversifying investments into blockchain infrastructure and clean energy technologies, focusing on the Solana blockchain and technologies supporting global energy transitions. Furthermore, Snow Lake has committed to investing approximately A$5.8 million in Global Uranium and Enrichment Limited, acquiring a 19.99% interest to fund the acquisition of the Pine Ridge Uranium Project in Wyoming. These developments reflect Snow Lake’s ongoing efforts to strengthen its position in critical mineral exploration and development.
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