Congratulations to Snow Lake Energy (NASDAQ: LITM) on entering into a binding Scheme Implementation Deed with Global Uranium and Enrichment (GUE) to acquire 100% of the shares and options of GUE.

GUE shareholders will receive A$0.0968 in Snow Lake shares for each GUE share held implying an equity value of A$44.5m and a 40.3% premium to the closing price of the GUE shares on the ASX on October 3, 2025.

The combination of Snow Lake and GUE will create a U.S. focused nuclear fuel cycle company with one of the largest portfolios of uranium exploration and development projects in the U.S.

Sternship is pleased to have acted as financial adviser to Snow Lake alongside Hamilton Locke, Garfinkle Biderman LLP, and Nauth LPC as its legal advisers.