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WINNIPEG - Snow Lake Resources Ltd. (NASDAQ:LITM), a $37.44 million market cap mining company with a solid balance sheet showing more cash than debt, announced Thursday that the White House’s new artificial intelligence strategy specifically prioritizes nuclear energy deployment to support America’s AI ambitions. According to InvestingPro analysis, the company appears slightly undervalued based on its Fair Value assessment.
The White House released "Winning the Race - America’s AI Action Plan," which emphasizes building American AI infrastructure rapidly, with particular focus on new energy sources including advanced nuclear reactors.
The plan reinforces four executive orders issued on May 22, 2025, designed to accelerate nuclear energy deployment in the United States amid intensifying AI competition with China.
"As we have commented previously, the world, and in particular the U.S., needs new uranium mines," said Frank Wheatley, CEO of Snow Lake, in the press release statement.
The AI plan is structured around three pillars: innovation, infrastructure, and international diplomacy and security. The infrastructure component specifically states: "We need to build and maintain vast AI infrastructure and the energy to power it."
Snow Lake believes these policy developments could accelerate the timeline for its Pine Ridge uranium project in Wyoming. The company also cited the March 20, 2025 Executive Order titled "Immediate Measures to Increase American Mineral Production" as providing favorable conditions for domestic uranium development. InvestingPro data shows the company maintains a healthy current ratio of 2.69, indicating strong ability to meet short-term obligations, though it’s currently experiencing rapid cash burn - one of 10+ key insights available to Pro subscribers.
Snow Lake Resources, which trades on NASDAQ under the ticker LITM, holds uranium projects in Wyoming and Namibia, along with other critical mineral assets in Manitoba.
The company’s announcement comes as the U.S. government increasingly focuses on securing domestic supply chains for materials deemed critical to energy and technology sectors.
In other recent news, Snow Lake Energy has announced several strategic developments. The company reported positive initial results from its Phase 2 drill program at the Engo Valley Uranium Project in Namibia, with eight drill holes showing mineralized intersections of over 100 ppm eU3O8. Snow Lake Energy has also made a significant investment of AUD$1.4 million in GTi Energy Limited to advance the Lo Herma uranium project in Wyoming’s Powder River Basin. This investment is part of a larger AUD$4.5 million financing effort by GTi Energy aimed at expanding the project’s mineral resource base.
Additionally, Snow Lake Energy plans to commence drilling at its Pine Ridge uranium project in Wyoming, a joint venture with Global Uranium and Enrichment Limited. This project will involve approximately 38,000 meters of drilling to support U.S. energy security objectives. In a move to diversify its portfolio, Snow Lake Energy has partnered with Exodys Energy to form a new company focused on developing and deploying nuclear reactors, specifically small modular reactor technology.
These developments highlight Snow Lake Energy’s strategic focus on expanding its uranium resources and entering the nuclear energy sector. The company’s actions align with recent policy changes in the nuclear industry, including four nuclear Executive Orders signed by President Trump. Snow Lake Energy’s investments and partnerships underscore its commitment to growth in the energy sector.
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