Global Uranium Secures Strategic U.S. Asset to Accelerate Growth in Nuclear Energy Sector

Global Uranium and Enrichment Ltd (ASX: GUE) is a publicly listed Australian company focused on uranium exploration, development, and enrichment. In March 2025, GUE secured a transformational acquisition of the Pine Ridge Uranium Project in Wyoming’s Powder River Basin via a joint venture with Snow Lake Energy (NASDAQ: LITM). Pine Ridge is an advanced In-Situ Recovery (ISR) project with over 1,200 historic drill holes identifying 140 miles of redox fronts. The project presents a significant exploration target ranging from 24.1 to 51.3 million pounds of U₃O₈. Snow Lake also invested AU$5.6 million in GUE, gaining a 19.99% stake. Pine Ridge is strategically located near Cameco’s Smith Ranch Mill, supporting potential fast-tracked development. GUE's broader portfolio includes projects in Colorado, Utah, and Canada’s Athabasca Basin, and a stake in Australian uranium enrichment firm Ubaryon, positioning the company as a key player in the global nuclear energy transition.

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