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Benzinga
Benzinga
Business
Lekha Gupta

Snow Lake Stock Soars On Uranium Deal To Power US Nuclear Push

United States uranium Nasdaq
Analyst

Snow Lake Resources Ltd. (NASDAQ:LITM) shares are surging on Monday after the company penned a deal to acquire all remaining shares and options it does not already hold in Global Uranium and Enrichment Limited (GUE) for around AUD44.5 million ($29 million).

In particular, GUE shareholders will receive AUD0.0968 in Snow Lake shares for every GUE share held as of the record date.

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