• All GUE shares transferred to Snow Lake under Share Scheme
• All GUE options cancelled under Option Scheme
• GUE to be delisted from ASX on 16 February 2026

Global Uranium and Enrichment Limited (ASX: GUE; OTCQB: GUELF) has announced the implementation of the proposed acquisition by Snow Lake Resources Ltd (NASDAQ: LITM) of all of the fully paid ordinary shares in GUE that Snow Lake did not already own, and the cancellation of all the unlisted GUE options. This was done through a share scheme of arrangement (Share Scheme) and an option scheme of arrangement (Option Scheme), respectively, under Part 5.1 of the Corporations Act 2001. All GUE shares (excluding those already owned by Snow Lake, Ineligible Foreign Shareholders, and Electing Selling Scheme Shareholders) have now been transferred to Snow Lake under the Share Scheme, and all Scheme Options have been cancelled under the Option Scheme. Ineligible Foreign Shareholders and Electing Selling Scheme Shareholders will receive a proportion of the Sale Proceeds from the sale of their New Snow Lake Shares on Nasdaq. An application has been made to remove GUE from the official list of the ASX, which is expected to take effect on and from Monday, 16 February 2026.