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Snow Lake Resources Ltd (NASDAQ: LITM) delivers critical updates on uranium exploration and hard rock lithium projects powering the clean energy transition. This page aggregates official announcements, strategic developments, and operational milestones for stakeholders tracking the company’s role in securing essential minerals.
Investors and industry observers will find timely updates on resource estimates, exploration progress across global projects, and partnerships advancing sustainable mining practices. Content spans quarterly financial results, technical breakthroughs, and corporate initiatives aligned with evolving energy markets.
All materials adhere to factual reporting standards, providing clarity on exploration methodologies and project timelines without speculative claims. Regular visitors gain insights into how LITM’s Canadian and Namibian operations contribute to nuclear energy infrastructure and battery technology supply chains.
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Snow Lake Resources Ltd. (NASDAQ:LITM) announced the closing of an underwritten block trade of 3,000,000 common shares at a price of $6.00 per share, resulting in total gross proceeds of $18,000,000 to its shareholder, Nova Minerals Ltd.. Following the offering, Nova Minerals owns approximately 37% of the Company’s outstanding shares and has agreed to lock-up its remaining shares until March 21, 2023. Snow Lake did not receive any proceeds from this sale. The offering was conducted under its SEC registration statement.
Snow Lake Lithium Ltd. (NASDAQ:LITM) has received a grant of CAD $157,500 from the Manitoba Mineral Development Fund to support its winter drilling campaign. This funding follows a previous grant of CAD $62,000 that aided in a geophysics drone campaign. Current drilling aims to expand the existing resource of 11.1 million metric tonnes and extend the mine's life. The transition to helicopter drilling is planned for spring and summer. The company emphasizes its commitment to a sustainable and environmentally conscious mining approach in Manitoba.
Snow Lake Resources Ltd. (NASDAQ:LITM) announced a block trade of 3,000,000 common shares at $6.00 per share, generating $18,000,000 in proceeds for its shareholder, Nova Minerals Ltd.. Snow Lake will not receive any proceeds from this sale, which is expected to close on April 12, 2022. Post-offering, Nova Minerals will hold approximately 37% of Snow Lake's total outstanding shares. Nova has agreed to a lock-up on its remaining shares until March 21, 2023, reinforcing its commitment to Snow Lake's vision as a leading lithium supplier.
Snow Lake Resources Ltd. (NASDAQ:LITM) announced positive updates on its winter drilling program, confirming successful drilling initiatives in the Thompson Brothers lithium resource. Initial results show significant spodumene intersections across several drill holes, indicating potential resource expansion. The drilling campaign, now ongoing for spring and summer, aims to validate resource targets and enhance economic mining conditions while supporting a multi-decade lithium supply. With a commitment to sustainability, Snow Lake seeks to set industry standards and achieve Certified B Corporation status.
WINNIPEG, MB / ACCESSWIRE / February 10, 2022 / Snow Lake Resources Ltd., trading as Snow Lake Lithium Ltd (NASDAQ:LITM), celebrated its recent Nasdaq listing by participating in a Closing Bell Ceremony on February 10, 2022. CEO Philip Gross highlighted this milestone as a step towards becoming a fully renewable energy-powered lithium mine, aiming to supply zero carbon battery-grade lithium for electric vehicles. Key developments include advancing the Initial Assessment phase and expanding their property for resource growth.
Snow Lake Resources Ltd. recently reported a meeting between CEO Philip Gross and Manitoba Premier Hon. Heather Stefanson on January 25, 2022. The discussion focused on the company's strategic initiatives and five-year plan for commercial lithium mining in Manitoba. Premier Stefanson emphasized the importance of responsible mining for provincial economic recovery. Snow Lake aims to be the first fully renewable lithium hydroxide producer in North America, leveraging Manitoba's green energy and rich natural resources. The Thompson Brothers project holds an estimated 11.1 million metric tonnes of lithium resources.
Snow Lake Lithium Ltd. (NASDAQ:LITM) announced a significant expansion of its land holdings at the Thompson Brothers Lithium Project in Manitoba, Canada. The company acquired an additional 33,614 acres of mineral rights, increasing its total land to 55,318 acres (approximately 86.43 square miles). This acquisition follows extensive geological analysis and prospecting efforts. The company identified four priority trends for future exploration, including Osborne and Grass River. Snow Lake aims to enhance its resource base and contribute to the electric vehicle market.
Snow Lake Lithium Ltd. (NASDAQ:LITM) has announced an operational update regarding its winter drilling program in Manitoba. Following a successful first hole that extended the strike length of the Thompson Brothers Lithium (TBL) deposit, the company has contracted a third drill from Forage BRL Drilling. This additional equipment aims to enhance resource expansion at both the TBL and Sherritt Gordon (SG) deposits. Historical drilling showed significant spodumene content, with average lithium grades between 7.22% and 31.9%. The company is focused on sustainable lithium production for the electric vehicle market.
