Australia's Global Uranium jumps after getting regulatory nod for buyout

Shares of Global Uranium and Enrichment GUE.AX rise as much as 3.1% to A$0.066, their highest level since October 21

Uranium explorer says mineral explorer Snow Lake Resources LITM.O receives written confirmation from the Foreign Investment Review Board (FIRB)

Says confirmation means that the Australian government has 'no objection' to Snow Lake Resources' proposed acquisition of Global Uranium

Snow Lake Resources had proposed to acquire GUE shares that it does not already own for an equity value of A$44.5 million ($29.52 million) in October

GUE has risen 10% this year, including session's moves

($1 = 1.5076 Australian dollars)