Snow Lake Resources gains on Trump order to boost US critical minerals production
ReutersMar 21, 2025 2:00 PM
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
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