2025-03-21 09:31:16 ET
DENVER, Colo., Mar 21, 2025 ( 247marketnews.com )- Snow Lake (NASDAQ: LITM ) may have received a turbo boost from the Trump Administration. With the stroke of an Executive Order aimed at supercharging American mineral production, this North American uranium explorer is poised to ride a wave of fast-tracked permits and federal cash straight into the heart of the U.S. energy security playbook.
Yesterday’s Executive Order dubs uranium a critical mineral for national and energy security, unleashing a blitz of federal action—expedited permitting, Department of Defense funding, and investment muscle from the U.S. International Development Finance Corporation and Export-Import Bank.
Frank Wheatley, Snow Lake’s CEO, stated, “With the United States producing just 0.02% of global uranium supply, the Executive Order represents a seismic shift in national energy policy. Snow Lake and GUE’s Pine Ridge project is not only in one of the most uranium-rich regions in the U.S., but it now stands to benefit from accelerated permitting timelines and unprecedented access to federal financing and support. We strongly believe that Pine Ridge holds the potential to directly contribute to the objectives of the Executive Order.”
Snow Lake’s freshly minted 50/50 joint venture with Australia’s Global Uranium and Enrichment Limited (GUE) on the Pine Ridge Uranium Project in Wyoming’s Powder River Basin—a uranium-rich hotspot—now stands to reap the rewards of this policy shift.
Wyoming, America’s uranium kingpin, hosts Pine Ridge just 15 kilometers from Cameco’s Smith Ranch juggernaut. With a hefty JORC 2012 exploration target and In-Situ Recovery (ISR) potential, Pine Ridge is primed for rapid scale-up.
This isn’t just about domestic grit. The Order’s perks—fast-tracked approvals, a dedicated mineral fund, and public land access—could slash years off Pine Ridge’s path to production. Add in loans, grants, and equity from the Pentagon and DFC, LITM may be on the launchpad of a Trump-fueled rally.
Snow Lake’s Engo Valley Project in Namibia, another uranium gem, syncs with the Order’s push to secure international supply chains, doubling down on its strategic edge.
The U.S. nuclear fuel chain is a creaky beast, vulnerable from mine to reactor. Trump’s Order aims to rebuild it, and Pine Ridge could be a linchpin.
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Snow Lake’s Uranium Ambitions Soar with Trump’s Mineral Push
