NASDAQ:LITM - Nasdaq - CA83336J2083 - Common Stock - Currency: USD
Snow Lake Resources' shares jumped after partnering with Exodys Energy to launch a new nuclear reactor firm.
Uranium and nuclear-themed ETFs surged on news of Trump's policy backing for the nuclear industry. The top performer was Global X Uranium ETF (URA), up 10%, while other ETFs like North Shore Global Uranium Mining ETF (URNM) and VanEck Uranium+Nuclear Energy ETF (NLR) also saw strong gains. This rally is driven by the potential for increased demand for nuclear power as an alternative to solar and wind energy. ETFs provide diversified exposure and lessen single-stock risk.
The Pine Ridge project is located in the Powder River basin in Wyoming. It is an advanced in-situ recovery project that is primed for development.
Metals and mining stocks beat the broader markets to surge last week, as rising gold prices turned retail investors optimistic about the industry’s prospects.