Uranium Mining in Namibia [Yahoo! Finance]
Snow Lake Resources Ltd. (LITM)
Company Research
Source: Yahoo! Finance
Uranium Mining in Namibia Uranium was first discovered in the Namib Desert in 1928, however it was not until Rio Tinto acquired exploration rights in the 1960's that a number of low-grade ore bodies were discovered along the north side of the Khan valley. The Rossing Mine was opened in 1976 and following a global increase in the demand for uranium for nuclear energy production during the 1960's and 1970's, additional uranium deposit were identified in the Namib Desert. As uranium prices slowly declined during the subsequent decades, no new uranium mines were opened. In the new millennium, uranium prices began to increase and as they reached all-time highs, the Langer Heinrich Mine started production in 2006. The Geological Survey of Namibia conducted a high-resolution airborne survey, and exploration expanded in the Erongo Region, resulting in the discovery of the Husab ore body in 2008, a world-class uranium deposit. The Husab Mine began commercial production in 2016. Namibia
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News
- Snow Lake Expands its Clean Energy Portfolio of Mineral Projects with Acquisition of the Black Lake Uranium Project in the Athabasca Basin, Saskatchewan [Yahoo! Finance]Yahoo! Finance
- DNMR, RDUS and TMC are among materials movers [Seeking Alpha]Seeking Alpha
- Snow Lake Initiates 2024 Exploration Program at Engo Valley Uranium Project [Yahoo! Finance]Yahoo! Finance
- Snow Lake's Engo Valley Uranium Project Receives Renewed Exclusive Prospecting License [Yahoo! Finance]Yahoo! Finance
- Transformational Acquisition of the Highly Prospective Engo Valley Uranium Project, Namibia, Expanding Snow Lake's Clean Energy Portfolio [Yahoo! Finance]Yahoo! Finance
LITM
Sec Filings
- 4/25/24 - Form 6-K
- 4/11/24 - Form 6-K
- 4/8/24 - Form 6-K
- LITM's page on the SEC website