Drill Rigs Set to Commence Major Exploration Program at Pine Ridge Uranium Project
Snow Lake Resources (NASDAQ: LITM) has announced a major exploration program at its Pine Ridge Uranium Project in Wyoming through a 50/50 joint venture with Global Uranium and Enrichment Limited. The company has selected Single Water Services LLC to execute a significant 38,000m (125,000ft) drill campaign starting July 21, 2025.
The Pine Ridge project, located in Wyoming's Powder River Basin, is positioned near Cameco's Smith Ranch Mill with a 5.5Mlbs U3O8 p.a. licensed capacity. The Joint Venture has expanded its landholding to 15,130 ha (37,387 acres) through the addition of 937 claims. The project builds on historical data from 1,214 previous drill holes by Conoco and prior owners, which identified 335 km of redox boundaries in stacked horizons within Tertiary sandstones.
Snow Lake Resources (NASDAQ: LITM) ha annunciato un importante programma di esplorazione presso il suo progetto Pine Ridge Uranium nel Wyoming, in una joint venture al 50/50 con Global Uranium and Enrichment Limited. L'azienda ha scelto Single Water Services LLC per realizzare una significativa campagna di perforazione di 38.000 m (125.000 piedi) a partire dal 21 luglio 2025.
Il progetto Pine Ridge, situato nella Powder River Basin del Wyoming, si trova vicino al Smith Ranch Mill di Cameco, con una capacit脿 autorizzata di 5,5 milioni di libbre di U3O8 all'anno. La joint venture ha ampliato la propria estensione territoriale a 15.130 ettari (37.387 acri) aggiungendo 937 concessioni. Il progetto si basa su dati storici provenienti da 1.214 perforazioni precedenti effettuate da Conoco e dai proprietari precedenti, che hanno identificato 335 km di confini redox in orizzonti sovrapposti all'interno di arenarie terziarie.
Snow Lake Resources (NASDAQ: LITM) ha anunciado un importante programa de exploraci贸n en su proyecto Pine Ridge Uranium en Wyoming, mediante una empresa conjunta al 50/50 con Global Uranium and Enrichment Limited. La compa帽铆a ha seleccionado a Single Water Services LLC para llevar a cabo una significativa campa帽a de perforaci贸n de 38,000 m (125,000 pies) que comenzar谩 el 21 de julio de 2025.
El proyecto Pine Ridge, ubicado en la cuenca Powder River de Wyoming, est谩 situado cerca del Smith Ranch Mill de Cameco, con una capacidad autorizada de 5,5 millones de libras de U3O8 por a帽o. La empresa conjunta ha ampliado su terreno a 15,130 hect谩reas (37,387 acres) mediante la adici贸n de 937 concesiones. El proyecto se basa en datos hist贸ricos de 1,214 perforaciones anteriores realizadas por Conoco y propietarios anteriores, que identificaron 335 km de l铆mites redox en horizontes apilados dentro de areniscas terciarias.
Snow Lake Resources (NASDAQ: LITM)電� Global Uranium and Enrichment Limited鞕� 50雽� 50 頃╈瀾 韴瀽搿� 鞕�鞚挫槫氚嶌潣 韺岇澑 毽 鞖半澕電� 頂勲鞝濏姼鞐愳劀 雽�攴滊 韮愳偓 頂勲攴鸽灗鞚� 氚滍憸頄堨姷雼堧嫟. 須岇偓電� Single Water Services LLC毳� 靹犾爼頃橃棳 38,000m(125,000頂柬姼) 攴滊鞚� 鞁滌稊 旌犿帢鞚�鞚� 2025雲� 7鞗� 21鞚�攵�韯� 鞁滌瀾頃� 鞓堨爼鞛呺媹雼�.
鞕�鞚挫槫氚� 韺岇毎雿� 毽矂 攵勳鞐� 鞙勳箻頃� 韺岇澑 毽 頂勲鞝濏姼電� Cameco鞚� Smith Ranch Mill 鞚戈芳鞐� 鞛堨溂氅�, 鞐瓣皠 550毵� 韺岇毚霌� U3O8鞚� 項堦皜 鞖╇焿鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟. 頃╈瀾 韴瀽電� 937臧滌潣 鞁犼窚 觳惮甓岇潉 於旉皜頃橃棳 韱犾 氤挫湢 氅挫爜鞚� 15,130项ロ俭毳�(37,387鞐愳澊旎�)搿� 頇曥灔頄堨姷雼堧嫟. 鞚� 頂勲鞝濏姼電� Conoco 氚� 鞚挫爠 靻岇湢鞛愱皜 靾橅枆頃� 1,214臧滌潣 鞚挫爠 鞁滌稊瓿� 雿办澊韯半ゼ 旮半皹鞙茧 頃橂┌, 鞝�3旮� 靷晹 雮� 鞝侅傅 歆�旄奠棎靹� 335km鞚� 靷绊檾頇橃洂 瓴疥硠毳� 頇曥澑頄堨姷雼堧嫟.
Snow Lake Resources (NASDAQ : LITM) a annonc茅 un important programme d'exploration sur son projet Pine Ridge Uranium dans le Wyoming, via une coentreprise 脿 50/50 avec Global Uranium and Enrichment Limited. La soci茅t茅 a choisi Single Water Services LLC pour r茅aliser une importante campagne de forage de 38 000 m (125 000 pieds) d茅butant le 21 juillet 2025.
Le projet Pine Ridge, situ茅 dans le bassin de Powder River dans le Wyoming, se trouve 脿 proximit茅 de l'usine Smith Ranch de Cameco, qui dispose d'une capacit茅 autoris茅e de 5,5 millions de livres U3O8 par an. La coentreprise a 茅tendu sa surface fonci猫re 脿 15 130 ha (37 387 acres) gr芒ce 脿 l'ajout de 937 concessions. Le projet s'appuie sur des donn茅es historiques issues de 1 214 forages pr茅c茅dents r茅alis茅s par Conoco et des propri茅taires ant茅rieurs, qui ont identifi茅 335 km de fronti猫res redox dans des horizons empil茅s au sein de gr猫s tertiaires.
Snow Lake Resources (NASDAQ: LITM) hat ein umfangreiches Explorationsprogramm f眉r sein Pine Ridge Uranprojekt in Wyoming angek眉ndigt, das in einem 50/50 Joint Venture mit Global Uranium and Enrichment Limited durchgef眉hrt wird. Das Unternehmen hat Single Water Services LLC ausgew盲hlt, um eine bedeutende Bohrkampagne von 38.000 m (125.000 Fu脽) zu starten, beginnend am 21. Juli 2025.
Das Pine Ridge Projekt, gelegen im Powder River Basin von Wyoming, befindet sich in der N盲he der Smith Ranch Mill von Cameco mit einer zugelassenen Kapazit盲t von 5,5 Millionen Pfund U3O8 pro Jahr. Das Joint Venture hat seine Landfl盲che durch die Hinzuf眉gung von 937 Claims auf 15.130 ha (37.387 Acres) erweitert. Das Projekt baut auf historischen Daten von 1.214 vorherigen Bohrl枚chern von Conoco und fr眉heren Eigent眉mern auf, die 335 km Redox-Grenzen in gestapelten Horizonten innerhalb terti盲rer Sandsteine identifizierten.
- None.
- Project still in early exploration phase with no defined resource estimate
- Drilling permits not yet received
- Significant capital expenditure required for 38,000m drill program
Insights
Snow Lake's major 38,000m uranium drilling program signals strategic positioning in Wyoming's prolific basin amid growing nuclear energy demand.
Snow Lake's announcement of a substantial 38,000-meter (125,000 ft) drilling program represents a significant operational milestone for their Pine Ridge Uranium Project. The selection of Single Drilling as the contractor is strategically sound, as they bring prior experience with the project, which should translate to operational efficiencies and potentially reduced costs.
The July 21, 2025 start date establishes a clear timeline for investors to monitor progress, while the location in Wyoming's Powder River Basin places this project in one of North America's premier uranium regions. This basin hosts several productive uranium operations, indicating favorable geology for potential economic extraction.
The project's In-Situ Recovery (ISR) focus is particularly noteworthy. ISR is generally more cost-effective and environmentally friendly than conventional mining, with lower capital expenditures and operating costs. This approach could accelerate the path to production if resources are confirmed.
From a technical perspective, the exploration program builds upon significant historical data 鈥� with 765 holes previously drilled by Conoco and 449 holes by prior owners. This established database provides a solid foundation for targeted exploration, potentially reducing overall exploration risk. The identification of 335 km of redox boundaries in stacked horizons is technically significant, as these boundaries often control uranium mineralization in roll-front deposits typical of Wyoming basins.
The proximity to existing infrastructure, particularly Cameco's Smith Ranch Mill (~15km away with 5.5Mlbs U3O8 annual capacity), represents a potential strategic advantage that could reduce future capital requirements should the project advance to production. This proximity could potentially allow for toll processing arrangements rather than constructing new processing facilities.
The project's 50/50 joint venture structure with Global Uranium and Enrichment Limited effectively shares both risk and capital requirements, a prudent approach for resource development projects of this scale. The expansion of landholdings to 15,130 hectares indicates confidence in the broader potential of the area beyond currently known targets.
Winnipeg, Manitoba--(Newsfile Corp. - July 2, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, announces that its 50/50 joint venture (the "Joint Venture") with Global Uranium and Enrichment Limited ("GUE"), has selected Single Water Services LLC ("Single Drilling") to execute its initial drilling program at the Pine Ridge Uranium Project in Wyoming ("Pine Ridge").
Highlights
Drill rigs set to commence as the Joint Venture launches a major ~38,000m (125,000ft) drill campaign at its flagship Pine Ridge uranium project
Drill contractors officially engaged with operations commencing on July 21, 2025
Drill program will systematically test numerous high priority targets to fast-track delineation of ISR-amenable uranium resources
Pine Ridge is a near development In-Situ Recovery ("ISR") uranium project located in the heart of Wyoming's prolific Powder River Basin primed for rapid advancement
CEO Remarks
"We continue to advance the Pine Ridge Uranium Project with the selection of Single Drilling to undertake an expansive drill program at Pine Ridge," said Frank Wheatley, CEO of Snow Lake. "Single Drilling is very familiar with Pine Ridge as they conducted a significant portion of the historical drilling at Pine Ridge."
Mr. Wheatley continued: "With global demand for electricity continuing to rapidly expand, driven in part by the AI arms race between the U.S. and China, nuclear energy continues to emerge as a clean, reliable and cost-effective solution to satisfy this demand. Bolstered by the U.S. Administration's support for nuclear energy, we feel Pine Ridge has all the characteristics of a leading uranium development project."
Drill Program at Pine Ridge
The Joint Venture has selected Single Drilling to execute its initial drilling program at Pine Ridge. Single Drilling brings extensive operational experience, having successfully completed numerous previous drilling campaigns at the Pine Ridge site. Their familiarity with Pine Ridge is expected to support an efficient and well-executed program, with the potential addition of a second rig to accelerate progress. In addition, the Joint Venture has engaged Hawkins CBM Logging, Inc. as the geophysical contractor to provide specialized support for the drill program.
Pine Ridge is an advanced ISR opportunity of significant scale within the Powder River Basin of Wyoming, the premier US uranium basin. It is also located in one of the most mining friendly states. Pine Ridge has been significantly de-risked through historical drilling and has an ideal geological foundation to be developed into a production asset.
The 2025 exploration program will focus on testing high-priority target areas, with approximately 38,000 m (125,000 ft) of drilling to be completed to rapidly advance the project. The determination of targets has been guided by extensive data compilation from prior historical drilling and geological review. The expected start date for drilling is July 21, 2025 with drilling permits expected to be received imminently.
Overview - Pine Ridge
Pine Ridge is an advanced ISR uranium project located in the southwestern Powder River Basin of Wyoming, the premier U.S. uranium basin.
Figure 1: Pine Ridge Uranium Project and Adjacent Properties
To view an enhanced version of this graphic, please visit:
Pine Ridge is surrounded by existing uranium projects held by UEC and Cameco and is also located only ~15km from Cameco's Smith Ranch Mill which has licensed capacity of 5.5Mlbs U3O8 p.a. The Smith Ranch mill is one of the largest uranium production facilities in the U.S.
Pine Ridge is a uranium project of potential significant scale with a large JORC 2012 exploration target. For more information on this exploration target, please refer to GUE's website1.
Exploration Program
The Joint Venture has consolidated the existing historical data on the project area and integrated it with available public information from nearby projects to develop a 3D model of the known mineralization and potential mineralization. The results of this data compilation and evaluation led to the staking of an additional 937 claims at Pine Ridge and increasing the Joint Venture's landholding to a total of approximately 15,130 ha (37,387 acres).
In addition, the understanding and results from the data compilation and geological review has guided the development of high-priority drill targets in the area (shown in red below), with approximately 38,000 m (125,000 ft) of drilling to be completed inside these areas during the initial exploration program.
Figure 2: Priority Areas for 2025 Exploration Program at Pine Ridge
To view an enhanced version of this graphic, please visit:
Conoco drilled 765 holes into the project area and the prior owners of Pine Ridge drilled an additional 449 holes. Their drill campaigns were primarily designed to continue building on the geologic understanding of the project while testing key areas for uranium potential. The results from these drill campaigns allowed the prior owners to develop a model that included 335 km of redox boundaries hosted in stacked horizons within the Tertiary sandstones. This interpretation is further supported by adjacent ISR properties with published resources.
About Snow Lake Resources Ltd.
Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian mineral exploration company listed on Nasdaq:LITM, with a global portfolio of critical mineral and clean energy projects. The Pine Ridge Uranium project is an exploration stage project located in Wyoming, United States, and the Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia. Snow Lake also holds a portfolio of additional exploration stage critical minerals projects located in Manitoba, as well as investments in a number of public companies with critical minerals assets. Learn more at .
Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law.
| Contact and Information Frank Wheatley, CEO | Investor Relations Investors: [email protected] Website: | Follow us on Social Media Twitter: LinkedIn: |
1
To view the source version of this press release, please visit
FAQ
When will Snow Lake Resources (LITM) begin drilling at Pine Ridge Uranium Project?
How large is the Pine Ridge Uranium Project drilling program?
Where is the LITM Pine Ridge Uranium Project located?
How many acres does Snow Lake's Pine Ridge Uranium Project cover?
What is the historical drilling data at Pine Ridge Uranium Project?
