Snow Lake Mobilizing Phase 2 Drill Program at Engo Valley

Snow Lake Resources (NASDAQ: LITM) has initiated mobilization for its Phase 2 drill program at the Engo Valley Uranium Project . The program aims to complete up to 7,500 meters of combined reverse circulation and diamond drilling, focusing on the Main Uranium Occurrence and D1 target area.

The company, recently securing ~US$37 million in capital raising, is fully funded to conduct Phase 2 and plans to publish a maiden mineral resource estimate in the second half of 2025. The program includes downhole radiometrics for each drill hole and will explore additional targets identified by the 2024 radon cup survey.

This initiative aligns with the current global uranium market dynamics, characterized by a supply deficit and increased demand for nuclear energy. The project is strategically located in Namibia, the world’s third-largest uranium producer. Snow Lake has also recently formed a 50/50 joint venture with Global Uranium and Enrichment on the Pine Ridge […]

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