Impact: Positive
Snow Lake announced that it has entered into a memorandum of understanding (MOU) with Exodys Energy, a private, US based, nuclear engineering firm to explore opportunities in the nuclear sector. Exodys is currently focused on developing nuclear fuel recycling solutions, to convert used nuclear fuel into feedstock. We believe this is a positive update for Snow Lake as it begins to expand its footprint in the nuclear energy sector, beyond its current focus on uranium and critical mineral (read note) exploration. We caution that this agreement with Exodys is an MOU and non-binding, and we await details on next steps. In the interim, we look forward to seeing assays from the Phase 1 (~1,500m) RC drill program (read notable) completed at Engo Valley in Namibia.
