温尼伯，曼尼托巴州 --（Newsfile Corp. -2025 年 12 月 19 日）- Snow Lake Resources Ltd.，以 Snow Lake Energy（NASDAQ: LITM）为名（&#34; Snow Lake&#34;），一家核燃料循环公司，宣布 Ubaryon 提供了股东更新，传达 Ubaryon 在其 100% 拥有的铀浓缩技术（&#34; Ubaryon Enrichment Technology&#34;）以及其他增值技术方面取得了显著进展。
亮点
<ul>
<li>Ubaryon 是一家私人澳大利亚公司，拥有 100% 独特且创新的铀浓缩技术</li>
<li>全球铀和浓缩有限公司（&#34;GUE&#34;）是 Ubaryon 的最大股东，持有 21%</li>
<li>Snow Lake 是 GUE 的最大股东，持有 19.9%，并且 Snow Lake 正在收购 GUE 目前未持有的股份</li>
<li>Urenco 的近期投资为 Ubaryon 的核心铀同位素技术在未来 3 年内达到技术成熟度等级 5（TRL 5）提供了明确的路径，前提是满足技术里程碑</li>
<li>Urenco 是一家全球铀浓缩公司，在德国、荷兰、英国和美国拥有浓缩设施</li>
<li>Ubaryon 最近显著增强了技术团队，以推进开发</li>
<li>氯同位素分离的测试工作持续表现出良好前景，并为 Ubaryon 的核心技术提供持续支持</li>
<li>Ubaryon 还开发了一种用于从废液中回收铀的吸附剂粉末（专利申请中），并已收到多家公司在 2026 年评估其潜力的兴趣。</li>
</ul>
运营更新
铀技术开发
作为 Urenco 投资尽职调查的一部分，Ubaryon 收到了独立的技术评审，确认该技术目前处于技术成熟度等级（ &#34;TRL&#34;）评估的 TRL-4 级别。
展望未来，Ubaryon 正在继续开发，制定了明确的发展计划，旨在支持在未来三年内朝着 TRL 5 的进展，前提是满足技术里程碑。Ubaryon 在对 Ubaryon 浓缩技术的基本理解和过程控制方面取得了显著进展，并在优化浓缩过程操作参数方面取得了进展。Ubaryon 技术的价值源于其相较于其他过程的简单性，随着技术通过连续的发展里程碑不断进步，预计将实现增值。
在获得 Urenco 的投资后，Ubaryon 如计划所示，现已获得额外人员以支持 Ubaryon 的商业和技术发展。这一人员配置将使其支持实验室能够提供相关和改进的化学和同位素分析，以加速各个领域的技术进展。额外人员扩展了 Ubaryon 的内部分析和实验室能力，支持多个工作流的加速发展。
氯同位素分离
Ubaryon 目前还在开发氯同位素分离技术，以便在下一代熔盐核反应堆中潜在使用。Ubaryon 的同位素分离理解和化学方法为现有氯应用中的同位素分离提供了替代方案，初步测试结果令人鼓舞。这项工作利用了 Ubaryon 的同位素分离方法，但在技术上与其铀浓缩技术是不同的，并且不属于分类。开发部分由第三方资助。
吸附剂粉末技术
Ubaryon 开发了一种用于从废液中回收铀的吸附剂粉末。这是支持我们核心技术通过材料回收和废物管理所必需的，并代表了 Ubaryon 的额外价值。Ubaryon 已为该技术准备并提交了临时专利。Ubaryon 已获得多个组织的宝贵兴趣，以评估 Ubaryon 的吸附剂粉末在环境和过程回收应用中的潜力。该技术不属于分类，也不构成 Ubaryon 的同位素分离技术的一部分，但是一项有价值的支持活动。
监管更新
Urenco FIRB 批准
Urenco 最近获得了澳大利亚外国投资审查委员会的&#34;无异议裁定&#34;，允许其完成对 Ubaryon 的投资。这一进展提前实现，验证了 Urenco 作为投资者的价值。
国防出口控制
作为 Ubaryon 商业化战略的一部分，Ubaryon 向国防出口控制（&#34; DEC&#34;）申请了与 Urenco 就其核心铀技术进行交易的&#34;原则&#34;批准。Ubaryon 现在已获得此批准，确认 DEC 目前对与 Urenco 未来商业化 Ubaryon 技术的交易没有战略或安全异议。这并不代表预先批准，但为 Urenco 的商业战略提供了更大的信心。
监管合规
Ubaryon 继续遵守澳大利亚保障和不扩散办公室（&#34; ASNO&#34;）在其铀研究和开发同位素分离技术的许可证下的要求。ASNO 在 2025 年监督了另外两次国际原子能机构的检查，并进行了自己的例行检查和审计。Ubaryon 继续与 ASNO 勤奋而透明地合作，以确保能够继续开发，并保持监管机构对其技术开发和商业化战略的安全和保障系统的信心。
Ubaryon 背景
Ubaryon 是一家私人澳大利亚公司，正在开发和商业化一种基于自然铀同位素化学分离的独特铀浓缩技术。
Ubaryon 成立于 2015 年，因环境测试发现了一个工艺异常，随后在 2018 年申请了其 Ubaryon 富集技术的专利。ANSO 于 2018 年 9 月对该知识产权进行了分类。ASNO 和 DEC 现在监管 Ubaryon 的所有技术披露。
Ubaryon 富集技术的一个显著特点是，它消除了将铀氧化物或黄饼（UO4 或 U3O8）转化为气态铀（UF6）以及从 UF6 转化为铀氧化物的需要。去除转化和去转化简化了富集过程，并为核燃料电池供应链提供了额外的灵活性。
关于 Snow Lake Resources Ltd.
Snow Lake Resources Ltd.是一家在纳斯达克上市的加拿大核燃料循环和关键矿产公司（NASDAQ: LITM），拥有一系列以美国为重点的铀项目，以及对下一代铀富集和小型模块化反应堆的投资。Pine Ridge 铀项目是位于美国怀俄明州的勘探阶段项目，而 Engo Valley 铀项目则位于纳米比亚的骷髅海岸，也是一个勘探阶段项目。Snow Lake 还持有一系列位于曼尼托巴的其他勘探阶段关键矿产项目，以及对多家拥有关键矿产资产的上市公司的投资，包括北美的稀土和锂。了解更多信息，请访问 www.snowlakeenergy.com。
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LITM

Snow Lake Resources Ltd. 宣布，私人澳大利亚公司 Ubaryon 正在推进其铀浓缩技术。Ubaryon 已获得 Urenco 的投资，目标是在三年内达到技术成熟度等级 5。该公司还在开发氯同位素分离技术和用于铀回收的吸附剂粉末。已获得监管批准，包括澳大利亚外国投资审查委员会的 “无异议” 裁定以及国防出口管制局对与 Urenco 交易的批准

Winnipeg, Manitoba--(Newsfile Corp. - December 19, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) (&#34; Snow Lake&#34;), a nuclear fuel cycle company, announces that Ubaryon has provided a shareholder update which conveys that Ubaryon is making significant progress on its 100% owned Uranium Enrichment Technology (&#34; Ubaryon Enrichment Technology&#34;) as well as other value accretive technologies.
<div class="lb-trans">温尼伯，曼尼托巴州 --（Newsfile Corp. -2025 年 12 月 19 日）- Snow Lake Resources Ltd.，以 Snow Lake Energy（NASDAQ: LITM）为名（&#34; Snow Lake&#34;），一家核燃料循环公司，宣布 Ubaryon 提供了股东更新，传达 Ubaryon 在其 100% 拥有的铀浓缩技术（&#34; Ubaryon Enrichment Technology&#34;）以及其他增值技术方面取得了显著进展。
</div>Highlights
<div class="lb-trans">亮点
</div><ul>
<li>Ubaryon is a private Australian company which owns 100% of a unique and innovative technology for uranium enrichment</li>
<li>Global Uranium and Enrichment Limited (&#34;GUE&#34;) is the largest shareholder of Ubaryon with 21%</li>
<li>Snow Lake is GUE's largest shareholder with 19.9% and Snow Lake is in the process of acquiring the balance of GUE's shares that it currently does not own</li>
<li>Recent investment by Urenco provides a clear pathway for Ubaryon's core uranium isotope technology to reach TRL 5 within the next 3 years subject to technical milestones</li>
<li>Urenco is a global uranium enrichment company with enrichment facilities in Germany, the Netherlands, the UK and the U.S.</li>
<li>Ubaryon has recently significantly bolstered the technical team to advance development</li>
<li>Chlorine Isotope Separation test work continues to be promising and provides ongoing support to Ubaryon's core technology</li>
<li>Ubaryon has also developed a sorbent powder for recovery of uranium from waste solutions (patent pending) and has received interest from several companies to evaluate its potential in 2026</li>
</ul>
<div class="lb-trans"><ul>
<li>Ubaryon 是一家私人澳大利亚公司，拥有 100% 独特且创新的铀浓缩技术</li>
<li>全球铀和浓缩有限公司（&#34;GUE&#34;）是 Ubaryon 的最大股东，持有 21%</li>
<li>Snow Lake 是 GUE 的最大股东，持有 19.9%，并且 Snow Lake 正在收购 GUE 目前未持有的股份</li>
<li>Urenco 的近期投资为 Ubaryon 的核心铀同位素技术在未来 3 年内达到技术成熟度等级 5（TRL 5）提供了明确的路径，前提是满足技术里程碑</li>
<li>Urenco 是一家全球铀浓缩公司，在德国、荷兰、英国和美国拥有浓缩设施</li>
<li>Ubaryon 最近显著增强了技术团队，以推进开发</li>
<li>氯同位素分离的测试工作持续表现出良好前景，并为 Ubaryon 的核心技术提供持续支持</li>
<li>Ubaryon 还开发了一种用于从废液中回收铀的吸附剂粉末（专利申请中），并已收到多家公司在 2026 年评估其潜力的兴趣。</li>
</ul>
</div>Operational Update
<div class="lb-trans">运营更新
</div>Uranium Technology Development
<div class="lb-trans">铀技术开发
</div>As a part of the due diligence for the Urenco investment, Ubaryon received independent technical reviews confirming the technology is currently at Technology Readiness Level ( &#34;TRL&#34;) assessment level of TRL-4.
<div class="lb-trans">作为 Urenco 投资尽职调查的一部分，Ubaryon 收到了独立的技术评审，确认该技术目前处于技术成熟度等级（ &#34;TRL&#34;）评估的 TRL-4 级别。
</div>Moving forward, Ubaryon is continuing development with a defined development program intended to support progression toward TRL 5 over the next three years, subject to technical milestones. Ubaryon has achieved significant progress both in fundamental understanding and process control of the Ubaryon Enrichment Technology, and in the optimisation of the enrichment process operating parameters. The value in Ubaryon's technology is derived from its simplicity compared to other processes and value accretion is expected as the technology continues to advance through successive development milestones.
<div class="lb-trans">展望未来，Ubaryon 正在继续开发，制定了明确的发展计划，旨在支持在未来三年内朝着 TRL 5 的进展，前提是满足技术里程碑。Ubaryon 在对 Ubaryon 浓缩技术的基本理解和过程控制方面取得了显著进展，并在优化浓缩过程操作参数方面取得了进展。Ubaryon 技术的价值源于其相较于其他过程的简单性，随着技术通过连续的发展里程碑不断进步，预计将实现增值。
</div>Following the investment received from Urenco and as planned for - Ubaryon has now secured additional personnel to support Ubaryon's development both commercially and technically. This staffing will enable their support laboratory to provide relevant and improved chemical and isotope analysis to accelerate technical progress in all areas. The additional personnel expand Ubaryon's internal analytical and laboratory capabilities, supporting accelerated development across multiple workstreams.
<div class="lb-trans">在获得 Urenco 的投资后，Ubaryon 如计划所示，现已获得额外人员以支持 Ubaryon 的商业和技术发展。这一人员配置将使其支持实验室能够提供相关和改进的化学和同位素分析，以加速各个领域的技术进展。额外人员扩展了 Ubaryon 的内部分析和实验室能力，支持多个工作流的加速发展。
</div>Chlorine Isotope Separation
<div class="lb-trans">氯同位素分离
</div>Ubaryon is also currently developing a chlorine isotope separation for potential use in next generation molten salt nuclear reactors. Ubaryon's isotope separation understanding and chemical approaches have provided an alternative approach to existing isotope separations in chlorine applications and initial testing is promising. This work leverages Ubaryon's isotope separation approach but is technically distinct from its uranium enrichment technology and is not classified. Development is partially funded by third parties.
<div class="lb-trans">Ubaryon 目前还在开发氯同位素分离技术，以便在下一代熔盐核反应堆中潜在使用。Ubaryon 的同位素分离理解和化学方法为现有氯应用中的同位素分离提供了替代方案，初步测试结果令人鼓舞。这项工作利用了 Ubaryon 的同位素分离方法，但在技术上与其铀浓缩技术是不同的，并且不属于分类。开发部分由第三方资助。
</div>Sorbent Powder technology
<div class="lb-trans">吸附剂粉末技术
</div>Ubaryon has developed a sorbent powder for recovery of uranium from waste solutions. This has been necessary to support our core technology through material recycling and waste management and represents additional value in Ubaryon. Ubaryon prepared and lodged a provisional patent for this technology. Ubaryon has valuable interest from several organisations to evaluate Ubaryon's sorbent powder for both environmental and process recovery applications. This technology is not classified and does not form part of Ubaryon's isotope separation technology but is a supporting activity of value.
<div class="lb-trans">Ubaryon 开发了一种用于从废液中回收铀的吸附剂粉末。这是支持我们核心技术通过材料回收和废物管理所必需的，并代表了 Ubaryon 的额外价值。Ubaryon 已为该技术准备并提交了临时专利。Ubaryon 已获得多个组织的宝贵兴趣，以评估 Ubaryon 的吸附剂粉末在环境和过程回收应用中的潜力。该技术不属于分类，也不构成 Ubaryon 的同位素分离技术的一部分，但是一项有价值的支持活动。
</div>Regulatory Update
<div class="lb-trans">监管更新
</div>Urenco FIRB Approval
<div class="lb-trans">Urenco FIRB 批准
</div>Urenco recently received a &#34;no objection ruling&#34; from the Australian Foreign Investment Review Board to allow them to complete their investment in Ubaryon. This has been achieved ahead of schedule and validates Urenco's value as an investor.
<div class="lb-trans">Urenco 最近获得了澳大利亚外国投资审查委员会的&#34;无异议裁定&#34;，允许其完成对 Ubaryon 的投资。这一进展提前实现，验证了 Urenco 作为投资者的价值。
</div>Defence Export Control
<div class="lb-trans">国防出口控制
</div>As part of Ubaryon's commercialisation strategy, Ubaryon applied to Defence Export Control (&#34; DEC&#34;) for &#34;in principle&#34; approval to deal with Urenco regarding its core uranium technology. Ubaryon has now received this approval which confirms that DEC has no strategic or security objection at this time to a future deal with Urenco for commercialising Ubaryon's technology. This does not represent a pre-approval but offers increased confidence in Urenco's commercial strategy.
<div class="lb-trans">作为 Ubaryon 商业化战略的一部分，Ubaryon 向国防出口控制（&#34; DEC&#34;）申请了与 Urenco 就其核心铀技术进行交易的&#34;原则&#34;批准。Ubaryon 现在已获得此批准，确认 DEC 目前对与 Urenco 未来商业化 Ubaryon 技术的交易没有战略或安全异议。这并不代表预先批准，但为 Urenco 的商业战略提供了更大的信心。
</div>Regulatory Compliance
<div class="lb-trans">监管合规
</div>Ubaryon continues to maintain compliance with Australian Safeguards and Non-Proliferation Office (&#34; ASNO&#34;) requirements under its permit to possess uranium for research and development of its isotope separation technology. ASNO has supervised two additional International Atomic Energy Agency inspections in 2025 as well as undertaken their own routine inspections and audits. Ubaryon continues to work diligently and transparently with ASNO to ensure it is able to continue development and keep the regulator's confidence in its security and safeguards systems with respect to both technology development and commercialisation strategy.
<div class="lb-trans">Ubaryon 继续遵守澳大利亚保障和不扩散办公室（&#34; ASNO&#34;）在其铀研究和开发同位素分离技术的许可证下的要求。ASNO 在 2025 年监督了另外两次国际原子能机构的检查，并进行了自己的例行检查和审计。Ubaryon 继续与 ASNO 勤奋而透明地合作，以确保能够继续开发，并保持监管机构对其技术开发和商业化战略的安全和保障系统的信心。
</div>Ubaryon Background
<div class="lb-trans">Ubaryon 背景
</div>Ubaryon is a private Australian company which is developing and commercialising a unique uranium enrichment technology based on the chemical separation of naturally occurring uranium isotopes.
<div class="lb-trans">Ubaryon 是一家私人澳大利亚公司，正在开发和商业化一种基于自然铀同位素化学分离的独特铀浓缩技术。
</div>Ubaryon was established in 2015 after environmental testing identified a process anomaly, after which Ubaryon lodged a patent application over its Ubaryon Enrichment Technology in 2018. ANSO classified the intellectual property in September 2018. ASNO and DEC now regulate all Ubaryon's technical disclosure.
<div class="lb-trans">Ubaryon 成立于 2015 年，因环境测试发现了一个工艺异常，随后在 2018 年申请了其 Ubaryon 富集技术的专利。ANSO 于 2018 年 9 月对该知识产权进行了分类。ASNO 和 DEC 现在监管 Ubaryon 的所有技术披露。
</div>A significant feature of the Ubaryon Enrichment Technology is that it eliminates the need for conversion from uranium oxide or yellowcake (UO4 or U3O8) to gaseous uranium (UF6) and the need for deconversion from UF6 to uranium oxide. Removing conversion and deconversion simplifies the enrichment process and allows for additional flexibility in the nuclear fuel cell supply chain.
<div class="lb-trans">Ubaryon 富集技术的一个显著特点是，它消除了将铀氧化物或黄饼（UO4 或 U3O8）转化为气态铀（UF6）以及从 UF6 转化为铀氧化物的需要。去除转化和去转化简化了富集过程，并为核燃料电池供应链提供了额外的灵活性。
</div>About Snow Lake Resources Ltd.
<div class="lb-trans">关于 Snow Lake Resources Ltd.
</div>Snow Lake Resources Ltd. is a Canadian nuclear fuel cycle and critical minerals company listed on (NASDAQ: LITM), with a portfolio of U.S. focused uranium 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, United States and the Engo Valley uranium project is an exploration stage project located on the Skeleton Coast of Namibia. Snow Lake also holds a portfolio of additional exploration stage critical minerals projects located in Manitoba, as well as investments in a number of public companies with critical minerals assets, including rare earths and lithium, in North America. Learn more at www.snowlakeenergy.com.
<div class="lb-trans">Snow Lake Resources Ltd.是一家在纳斯达克上市的加拿大核燃料循环和关键矿产公司（NASDAQ: LITM），拥有一系列以美国为重点的铀项目，以及对下一代铀富集和小型模块化反应堆的投资。Pine Ridge 铀项目是位于美国怀俄明州的勘探阶段项目，而 Engo Valley 铀项目则位于纳米比亚的骷髅海岸，也是一个勘探阶段项目。Snow Lake 还持有一系列位于曼尼托巴的其他勘探阶段关键矿产项目，以及对多家拥有关键矿产资产的上市公司的投资，包括北美的稀土和锂。了解更多信息，请访问 www.snowlakeenergy.com。
</div>Forward-Looking Statements: This press release contains &#34;forward-looking statements&#34; within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the &#34;safe harbor&#34; provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as &#34;anticipate,&#34; &#34;believe,&#34; &#34;contemplate,&#34; &#34;could,&#34; &#34;estimate,&#34; &#34;expect,&#34; &#34;intend,&#34; &#34;seek,&#34; &#34;may,&#34; &#34;might,&#34; &#34;plan,&#34; &#34;potential,&#34; &#34;predict,&#34; &#34;project,&#34; &#34;target,&#34; &#34;aim,&#34; &#34;should,&#34; &#34;will,&#34; &#34;would,&#34; or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled &#34;Risk Factors&#34; in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law.
<div class="lb-trans">前瞻性声明： 本新闻稿包含根据 1933 年证券法第 27A 条、1934 年证券交易法第 21E 条以及 1995 年私人证券诉讼改革法案下的 “安全港” 条款的 “前瞻性声明”，这些声明面临重大风险和不确定性。除历史事实声明外，本新闻稿中包含的所有声明均为前瞻性声明，包括但不限于关于 Snow Lake Resources Ltd.的声明。我们基于对未来事件的期望和预测来制定这些前瞻性声明，这些期望和预测源于我们当前可获得的信息。本新闻稿中包含的前瞻性声明可能通过使用 “预期”、“相信”、“考虑”、“可能”、“估计”、“期望”、“打算”、“寻求”、“可能”、“计划”、“潜在”、“预测”、“项目”、“目标”、“旨在”、“应该”、“将”、“会” 或这些词的否定形式或其他类似表达来识别，尽管并非所有前瞻性声明都包含这些词。前瞻性声明基于 Snow Lake Resources Ltd.当前的期望，并面临固有的不确定性、风险和假设，这些因素难以预测。此外，某些前瞻性声明基于对未来事件的假设，这些假设可能并不准确。这些风险和不确定性在我们向证券交易委员会提交的注册声明和年度报告中的 “风险因素” 部分有更详细的描述。本公告中包含的前瞻性声明截至本日期，Snow Lake Resources Ltd.不承担更新该信息的义务，除非法律要求。
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