Snow Lake Resources gains on Trump order to boost US critical minerals production

Frontier Nuclear and Minerals

21/03/2025 14:00

** Uranium miner Snow Lake Resources' LITM.O shares up 18.5% to $0.71

** U.S. President Donald Trump on Thursday invoked emergency powers to boost domestic production of critical minerals used widely across the economy as part of a broad effort to offset China's near-total control of the sector

** Company says it welcomes the Trump administration's executive order aimed at accelerating American mineral production, including uranium

** Company says its recently announced 50/50 JV with Global Uranium and Enrichment Ltd on the Pine Ridge uranium project in Wyoming now positioned to directly benefit from measures announced in the executive order

** As of last close, Snow Lake's shares down 37.4% YTD

 (Reporting by Tanay Dhumal in Bengaluru)

 ((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))