BUZZ-Snow Lake Resources gains on Trump order to boost US critical minerals production

Reuters
21 Mar
BUZZ-Snow Lake Resources gains on Trump order to boost US critical minerals production

** Uranium miner Snow Lake Resources' LITM.O shares up 18.5% to $0.71

** U.S. President Donald Trump on Thursday invoked emergency powers to boost domestic production of critical minerals used widely across the economy as part of a broad effort to offset China's near-total control of the sector

** Company says it welcomes the Trump administration's executive order aimed at accelerating American mineral production, including uranium

** Company says its recently announced 50/50 JV with Global Uranium and Enrichment Ltd on the Pine Ridge uranium project in Wyoming now positioned to directly benefit from measures announced in the executive order

** As of last close, Snow Lake's shares down 37.4% YTD

(Reporting by Tanay Dhumal in Bengaluru)

((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10