Snow Lake Resources and Urenco Receive FIRB Approval for Acquisitions in Uranium Sector

Reuters12-08
Snow Lake Resources and Urenco Receive FIRB Approval for Acquisitions in <a href="https://laohu8.com/S/UEC">Uranium</a> Sector

Snow Lake Resources Ltd., operating as Snow Lake Energy, has received approval from the Australian Foreign Investment Review Board (FIRB) for its acquisition of 100% of Global Uranium and Enrichment Limited (GUE) and a 21.9% interest in Ubaryon Pty Ltd. In addition to Snow Lake, Urenco has also received FIRB approval for its investment in Ubaryon, acquiring a 13% stake. These approvals are key steps toward Snow Lake's plan to expand its activities across the nuclear fuel cycle and support domestic nuclear industry development. Completion of the acquisitions is targeted for early 2026.

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