Snow Lake Resources Ltd. (NasdaqCM:LITM) entered into binding letter of intent to acquire Global. Doctors Investment Group Ltd. from Global Uranium Acquisition Corp (Pty) Ltd for CAD 1.27 million on April 25, 2024. The consideration of CAD 0.05 million will be paid in cash.

Snow Lake will issue 1 million shares and another 1 million shares will be issued by Snow Lake if in an SK-1300 compliant technical report determines that there is a uranium mineral resource on the Black Lake Uranium Project of a minimum of 10 million pounds U2O8 with a minimum average grade of 500 ppm U2O8 per tonne.