Snow Lake Completes Acquisition of Global Uranium and Enrichment Limited

Acquisition advances Snow Lake's strategic objective to establish a nuclear fuel cycle company

Winnipeg, Manitoba--(Newsfile Corp. - February 13, 2026) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("

The Acquisition consolidates within Snow Lake:

• A portfolio of U.S. uranium exploration and development projects containing substantial existing uranium mineral resources with significant exploration and expansion potential

• A cornerstone shareholding in Ubaryon, developing next generation uranium enrichment technology

• Strategic exposure to small modular reactor ("

  SMR
  ") development and deployment through Kadmos Energy

Together, these assets and investments position Snow Lake to develop capabilities across the nuclear fuel cycle, including uranium mining and milling, enrichment, and SMRs.

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Following the completion of the Acquisition, Snow Lake will focus on the following key strategic initiatives during 2026:

• Advancing the path to development across multiple U.S. uranium exploration and development projects

• Supporting Ubaryon in progressing development of its uranium enrichment technology

• Assisting Kadmos Energy in advancing deployment of its SMRs

• Evaluating additional opportunities to expand capabilities across the nuclear fuel cycle

Snow Lake Resources Ltd. is developing a U.S. focused front-end nuclear fuel cycle company through a portfolio of U.S. uranium exploration and development projects, together with interests in next-generation uranium enrichment and small modular reactors. The Pine Ridge uranium project is an exploration-stage project located in Wyoming, and the Tallahassee uranium project is a development-stage project located in Colorado. In addition, Snow Lake holds a portfolio of various exploration and development stage critical minerals projects located in Canada and Namibia. Learn more at www.snowlakeenergy.com.