Snow Lake Resources shares surge 10.11% intraday after U.S. designates uranium as critical mineral and company expands nuclear fuel cycle operations.

Snow Lake Resources surged 10.11% intraday following the U.S. government’s designation of uranium as a critical mineral, a move that boosts demand for domestic uranium production. This announcement aligns with the company’s strategic focus on expanding its uranium projects, including the Pine Ridge and Maybell assets, and underscores the importance of U.S. energy security policies. The stock’s rally reflects investor optimism about the nuclear energy sector’s growth potential amid global supply chain pressures and increased demand for clean energy.