GTR.ASX: Snow Lake Completes Due Diligence and Confirms Placement

Snow Lake Completes Due Diligence and Confirms Placement

Stock	Gti Energy Ltd (GTR.ASX)
Release Time	11 Aug 2025, 9:20 a.m.
Price Sensitive	Yes

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Snow Lake Confirms Placement in GTI Energy

Key Points

Cornerstone strategic investor Snow Lake Energy completes due diligence and confirms participation in Tranche 2 of GTI's $4.5 million placement
Snow Lake is a 50/50 JV partner in the Pine Ridge Project adjoining GTI's Lo Herma ISR uranium project
Snow Lake will hold 9.9% of GTI subject to shareholder approval

Full Summary

GTI Energy Ltd (ASX:GTR) has announced that Snow Lake Resources Ltd, trading as Snow Lake Energy (NASDAQ:LITM), has completed due diligence and confirmed its intention to proceed with an investment in Tranche 2 of GTI's recently announced $4.5 million placement, subject to shareholder approval at GTI's upcoming general meeting on 13 August 2025. Snow Lake is a 50/50 joint venture partner with Global Uranium & Enrichment (ASX:GUE) in the Pine Ridge Uranium Project, which adjoins GTI's Lo Herma ISR uranium project along trend. Snow Lake's participation in the placement will result in the company holding a 9.9% stake in GTI's pro-forma fully paid ordinary shares on issue, post-placement. Snow Lake will also have the right to appoint one director to the GTI Energy Board, subject to completion of the placement. GTI Executive Director Bruce Lane commented that the company is delighted to welcome Snow Lake as a strategic investor, given the proximity of their joint venture project to GTI's Lo Herma asset.