Pioneer Lithium Expands into Uranium Sector with Strategic Acquisitions in the USA and Namibia

Pioneer Lithium Ltd (ASX: PLN), a critical minerals exploration company, has announced the acquisition of two key uranium projects: the Skull Creek Uranium Project in Colorado, USA, and the Warmbad Uranium Project in Namibia, Africa. These acquisitions mark a pivotal step in diversifying the company's portfolio into the uranium sector, a key component of the global shift toward clean energy solutions.

Project Highlights

• Skull Creek Uranium Project (Colorado, USA)
• Geology: Located within the uranium-rich Sego Sandstone formation with significant historical exploration.
• Infrastructure: Situated in an energy-producing region with access to transportation and power.
• Exploration Potential: Features a 17 km strike length of identified uranium mineralization, with plans for detailed exploration and data analysis.

Warmbad Uranium Project (Namibia, Africa)

• Coverage: Spans 271 km² in the globally significant Namaqua Metamorphic Complex.
• Drilling History: Over 30,000 meters of previous drilling, revealing five high-potential hard rock uranium targets.
• Geological Parallels: Shares characteristics with Namibia’s renowned Rossing uranium deposit, offering substantial exploration upside.

Strategic Vision

Pioneer Lithium (ASX: PLN) aims to position itself as a global leader in critical energy minerals, leveraging its diversified portfolio to drive the energy transition. These acquisitions align with the company’s strategy of targeting high-quality assets in uranium-friendly jurisdictions with supportive regulatory environments.

Robert Martin, Executive Chairman of Pioneer Lithium (ASX: PLN), remarked, "These acquisitions propel Pioneer into the high-growth uranium sector with two world-class projects. As uranium becomes a cornerstone of the low-carbon energy transition, these assets, alongside our lithium portfolio, position us for substantial value creation in 2025."

Equity Raising to Support Exploration

Pioneer Lithium (ASX: PLN) has successfully raised A$1.675 million through an equity placement at $0.20 per share. Funds will be allocated to:

• Reviewing historical data.
• Advancing exploration activities, including field surveys and sampling at both projects.

The Board has committed A$320,000 to the placement, subject to shareholder approval. The company plans to commence immediate exploration and data analysis at Skull Creek and Warmbad. The company will prioritize:

• Evaluating historical reports to validate and quantify resource potential.
• Launching targeted exploration campaigns to unlock additional mineralization opportunities.

With these additions, Pioneer Lithium (ASX: PLN) is poised to contribute significantly to the global supply of uranium, a critical mineral in achieving a sustainable, low-carbon future.

Investor Insight

Pioneer Lithium’s (ASX: PLN) expansion into uranium diversifies its critical minerals portfolio, providing a robust pathway to capitalize on the growing demand for clean energy resources. Stay tuned for updates as exploration progresses in these high-potential regions.