Snow Lake Resources Ltd. (NASDAQ: LITM) has announced the renewal of its Exclusive Prospecting License EPL-5887 for the Engo Valley Uranium Project by the Namibian Ministry of Mines and Energy, valid through February 12, 2026.

CEO Remarks on Uranium Project Renewal

Frank Wheatley, CEO of Snow Lake, expressed satisfaction over the license extension, highlighting it as a sign of the Ministry’s confidence. The renewal allows for a comprehensive exploration and development program to uncover economically viable uranium deposits.

Details on Exclusive Prospecting License 5887

EPL-5887, under Namibia Minerals and Investment Holding, spans 69,530 hectares, targeting multiple mineral types including uranium, valid until 2026.

Acquisition and Project Interest Expansion

In a recent move, Snow Lake is set to acquire an 85% interest in NMIH, directly linking it to the full ownership of EPL-5887. This strategic acquisition marks a significant step in solidifying Snow Lake’s investment in uranium exploration.

Namibia’s Mining Sector

Namibia ranks as a top African mining jurisdiction and is a key player in the global uranium market, housing both operational and developing uranium mines.

About Snow Lake Resources Ltd., a forward-moving company in clean energy mineral projects, focuses on contributing to the clean energy transition through its diversified mineral project portfolio.

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