InvestSMART

Global Uranium and Enrichment Ltd (ASX:GUE)

ALERT: Price-sensitive ASX Announcement for GUE
Current share price for GUE : $0.071 0 (0%)+
Announcement
Release
3 Feb 2026 4:07PM
Price at Release
$0.071
Full Release
download
Summary
Global Uranium and Enrichment Limited (GUE) announced that the Federal Court of Australia has approved the Schemes related to the acquisition by Snow Lake Resources Ltd of all fully paid ordinary shares in GUE that Snow Lake does not already own. The Court's approval is subject to certain amendments, including the requirement for Snow Lake to notify Nasdaq of the Schemes instead of obtaining formal approval before the Effective Date. This acquisition involves a share scheme and an option scheme under the Corporations Act. The Schemes will become effective upon lodging the Court's orders with the ASIC, and trading of GUE shares will be suspended on the ASX following this. The amended Schemes entail that Nasdaq's notification needs to be fulfilled within 15 business days post the Effective Date; otherwise, the Schemes will not proceed. GUE is optimistic about meeting this condition.
Key Points
  • Court approves the Schemes involving Snow Lake and GUE.
  • Schemes include a Share Scheme and an Option Scheme under the Corporations Act.
  • Nasdaq notification required instead of formal approval before the Effective Date.
  • GUE shares to be suspended from ASX trading post-Effective Date.
  • Schemes contingent on Nasdaq notification within 15 business days post-Effective Date.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.