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Snow Lake Resources Ltd. (NASDAQ: LITM), doing business as Snow Lake Energy, is a Canadian clean energy development company primarily focused on the exploration and development of lithium and uranium projects. Based in Winnipeg, Manitoba, Snow Lake's core operations involve the exploration of lithium in Manitoba, Canada, and uranium on a global scale.
The company's flagship projects include the Thompson Brothers Lithium Project, located in the Snow Lake region of Northern Manitoba, and the Shatford Lake Lithium Project adjacent to the Tanco lithium mine in Southern Manitoba. Snow Lake Lithium™ Project is an advanced-stage exploration project aimed at supplying high-demand minerals for the clean energy transition and electric vehicle (EV) markets.
Recently, Snow Lake has expanded its portfolio through the acquisition of significant uranium projects. The Engo Valley Uranium Project, situated in the Skeleton Coast of Namibia, and the Black Lake Uranium Project in the Athabasca Basin of Saskatchewan, Canada, are at the forefront of the company’s uranium exploration efforts. These projects are structured to benefit from modern exploration techniques and are poised to meet the global demand for nuclear fuel minerals.
Snow Lake has initiated its 2024 exploration programs across its various projects. The Engo Valley Uranium Project's first phase includes ground geophysics and radon cup surveys to confirm historical data and identify new exploration targets. Concurrently, the Shatford Lake Lithium Project has begun its four-phase exploration, which includes diamond drilling and extensive fieldwork to uncover prospective lithium deposits.
Financially, Snow Lake maintains a robust exploration budget, underpinning its strategic initiatives aimed at resource optimization. The company's recent advancements include finalizing partnerships with consultants and service providers to accelerate its exploration and development activities.
Strategically positioned in leading mining jurisdictions, Snow Lake leverages its expertise and modern technologies to advance its projects from exploration to production. The company continues to engage in significant industry partnerships to enhance its operational capabilities and resource estimates, aiming to establish itself as a key supplier of essential minerals for the clean energy industry.
For more detailed information and the latest updates, visit www.snowlakelithium.com.
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.
Snow Lake Lithium Ltd. (NASDAQ:LITM) has engaged SLR Consulting Canada to conduct an Initial Assessment (IA) and Technical Report Summary (TRS) of its Lithium Properties, following the S-K 1300 disclosure standard. This IA will serve as a pivotal step towards a Pre-Feasibility Study (PFS). The company's Thompson Brothers Lithium Project spans 21,703 acres and currently has a resource estimate of 11.1 million metric tonnes of lithium. SLR will also assist with an environmental baseline study, crucial for future permitting processes.
Snow Lake Lithium Ltd. (LITM), based in Manitoba, Canada, announced significant progress in its winter 2022 drilling campaign, with the first drill mobilized on January 28, 2022. Initial results from hole TBL-025 revealed a 19.8-meter core length of lithium-bearing pegmatite, with spodumene content ranging from 20% to 25%, indicating a 10% extension of the strike from previous drilling in 2018. The spodumene is located approximately 30 meters from the surface, suggesting future open-pit mining potential. The company aims for a sustainable lithium operation and has identified 11.1 million metric tonnes of resource at the Thompson Brothers project.
Snow Lake Lithium Ltd. (NASDAQ:LITM) recently participated in an online event titled "Introducing the Province of Manitoba's Critical Minerals Initiatives." Hosted by the US Consulate General of Manitoba, the event highlighted Manitoba's role in the North American EV industry. CEO Philip Gross emphasized the importance of locally sourced lithium and the need for self-sufficiency in the supply chain to avoid dependence on China. Snow Lake Lithium aims to be the first lithium producer globally to achieve Certified B Corporation status while operating a sustainable lithium mine.
Snow Lake Lithium Ltd. (Nasdaq:LITM) will present virtually at the Sequire Metals & Mining Conference on January 27, 2022, from 3:30PM to 3:55PM ET. CEO Philip Gross will discuss the urgent need for action in North America's battery supply chains amid rising demand for lithium in electric vehicles. Snow Lake aims to establish the world's first all-electric lithium mine, utilizing renewable energy. The company holds a significant resource base with 11.1 million metric tonnes of indicated and inferred lithium resources.
Snow Lake Lithium Ltd. (NASDAQ:LITM) announced that CEO Phillip Gross will be featured on The RedChip Money Report airing on Bloomberg TV on January 8 at 7 p.m. ET. The company focuses on producing a sustainable lithium product aimed at the electric vehicle market, highlighting its commitment to a carbon-neutral operation. Their Thompson Brothers Lithium Project spans 21,703 acres with significant lithium resources.
This interview aims to enhance shareholder engagement and inform potential investors about the company's advancements.
Snow Lake Lithium Ltd. (NASDAQ:LITM) reflects on a successful year marked by a $27.6M IPO at $7.50 per share. The company aims to lead North America in lithium hydroxide production for the EV industry, currently dominated by China. Manitoba's resources and infrastructure serve as key advantages. Upcoming initiatives include a 15,000-meter drilling campaign, metallurgical testing, and environmental permitting. Snow Lake's goal is to achieve commercial production while emphasizing sustainability and community relations.
Snow Lake Resources Ltd. (NASDAQ:LITM) announced a new partnership with SGS Natural Resources for metallurgical testing, pivotal for their preliminary economic assessment and pre-feasibility study. This collaboration aims to optimize processing methods for extracting lithium from Snow Lake's ore, focusing on producing a spodumene concentrate with 6% Li2O and lithium hydroxide. CEO Philip Gross emphasized the importance of this data to achieve full-scale production and to establish Snow Lake as a leading carbon-neutral lithium supplier for the North American EV market.
Snow Lake Lithium Ltd (NASDAQ:LITM) has engaged SLR Consulting Canada to conduct environmental baseline studies, marking a critical step towards full-scale commercial lithium production at its mine. This partnership aligns with the company's commitment to high standards of Environmental, Social, and Governance (ESG) practices. The initiative aims to ensure compliance with environmental aspirations while establishing a benchmark for responsible mining, as Snow Lake aspires to be the first carbon-neutral lithium producer in North America, backed by a substantial lithium resource estimate of 11.1 million metric tonnes.
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