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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 receiving a shareholder meeting requisition from the Kimelman Group, representing approximately 5.4% of outstanding shares. The requisition seeks to remove all current directors, set the board size at six, and elect new directors nominated by the Kimelman Group. The Board confirmed a special meeting alongside the annual shareholder meeting, scheduled for around December 15, 2022, to address these matters. Shareholders will be notified in advance, with no immediate action required.
Snow Lake Lithium Ltd. (NASDAQ:LITM) announced a Memorandum of Understanding (MOU) with Epiroc Canada Inc. to support the development of the world's first fully electric lithium mine at its Snow Lake Lithium project in Manitoba. The partnership aims to enhance site planning and technical design, advancing Snow Lake's goal of commercial lithium production. Recent drilling results from the Thompson Brothers dyke revealed high-grade lithium intercepts, including 1.53% Li2O over 24.94 meters. The mine is positioned as a key contributor to North America's EV ecosystem.
Snow Lake Lithium Ltd. (NASDAQ:LITM) announced its participation at two important upcoming events. The PDAC 2022 Convention will include a panel presentation on June 13, featuring CEO Philip Gross discussing investment opportunities in Canada’s EV supply chain. The Benchmark Mineral's Battery Gigafactories USA 2022 conference will take place from June 23-24, where Gross will engage in one-on-one meetings. Snow Lake is focused on operating a fully sustainable lithium mine, covering a 55,318-acre area with an estimated resource of 11.1 million metric tonnes of lithium.
Snow Lake Lithium (NASDAQ:LITM) announced a collaboration with the University of Manitoba to explore critical mineral inventory at its Snow Lake Lithium site. This two-year research project aims to enhance understanding of lithium deposits and will inform Canada's minerals strategy to meet rising lithium demand. Snow Lake is developing the world's first all-electric lithium mine, expecting to produce 160,000 tonnes of lithium spodumene annually. The company plans to transition to commercial production by late 2024, utilizing almost 100% renewable hydroelectric power.
Snow Lake Lithium Ltd. (Nasdaq: LITM) announced the resignation of Chairman Louie Simens, effective May 29, 2022, with CEO Philip Gross appointed as his successor. Simens had been with the company since November 2018 and was a key figure during its IPO. Gross expressed gratitude towards Simens for his service and highlighted Snow Lake's goal to establish itself as a leading player in the North American EV ecosystem. The company aims to become the first fully electric lithium mine, recently validating resource expansion with high-grade drilling results across various targets.
Snow Lake Lithium Ltd. (NASDAQ:LITM) reported significant drilling results from its Northern Manitoba project, identifying four high-grade lithium pegmatite dykes with intercepts above 1% Li2O. Key results include:
- 1.84% Li2O over 6.32 meters (SGP)
- 1.36% Li2O over 17.97 meters (TBL)
- 1.50% Li2O over 7.00 meters (BYP)
Snow Lake Lithium Ltd. (NASDAQ:LITM) reported promising results from initial drill tests at the Grass River Pegmatite in Snow Lake, Manitoba. The drilling revealed a potential new starter pit with a high-grade intercept of 3.35% Li2O over three meters, at widths of five to six meters. The company has also secured a three-year extension on its exploration permits. CEO Philip Gross expressed enthusiasm over the strong results, which support the prospect of a high-grade open-cut lithium mine.
Snow Lake Lithium Ltd. (Nasdaq:LITM) announced an investor webinar scheduled for May 11, 2022, at 8:30 a.m. ET, hosted by CEO Philip Gross. The session aims to discuss recent corporate developments and will include a live Q&A. Interested parties can register here. A replay will be available on their website. Snow Lake Lithium is focused on creating a carbon-neutral lithium mine and has identified an estimated 11.1 million metric tonnes of lithium resources across 55,318 acres in the Thompson Brothers Project.
Snow Lake Resources Ltd. (LITM) has released initial results from its winter drilling campaign in the Thompson Brothers Lithium Project, reporting significant lithium intercepts. Hole TBL-027 yielded 1.49% LiO2 over 34.5 meters, while TBL-025 showed 1.52% LiO2 over 18 meters near the surface. The company continues its spring drilling program, which is supported by a helicopter, and aims to define the deposit further while expediting laboratory results. The resource estimate currently stands at 11.1 million metric tonnes of indicated and inferred resources.
Snow Lake Resources Ltd. (NASDAQ:LITM) has provided an operational update on its Snow Lake Project in Manitoba, marking progress towards its goal of a fully electric lithium mine. A 2-tonne metallurgical bulk sample is being collected, with one tonne from the Thompson Brothers resource and another from Grass River. SGS Canada will process these samples to create battery-grade lithium hydroxide. The winter drilling program has shown promising results, with 46 meters of coarse grain spodumene intercepted. The company aims to accelerate its lithium production as it prepares for commercial operations.
