Snow Lake Announces Share Buy Back Program
Snow Lake Resources (NASDAQ: LITM) has announced a significant share repurchase program authorized by its Board of Directors. The $10 million buyback program aims to enhance shareholder value and market presence, with the company planning to initially acquire up to 4,926,476 Common Shares.
The purchases will be executed through ThinkEquity via the Nasdaq Capital Market, through open market purchases or privately negotiated transactions. The program is scheduled to commence on March 24, 2025, running for one month until April 24, 2025, unless the maximum share target is reached earlier.
The company maintains flexibility in executing the buyback, with timing and volume determined by factors including liquidity, market conditions, and regulatory limitations. All repurchased shares will be returned to treasury and cancelled. The program may be paused or discontinued at the company's discretion.
Snow Lake Resources (NASDAQ: LITM) ha annunciato un significativo programma di riacquisto di azioni autorizzato dal suo Consiglio di Amministrazione. Il programma di riacquisto da 10 milioni di dollari mira a migliorare il valore per gli azionisti e la presenza sul mercato, con l'azienda che prevede di acquisire inizialmente fino a 4.926.476 azioni ordinarie.
Gli acquisti saranno effettuati tramite ThinkEquity attraverso il Nasdaq Capital Market, attraverso acquisti nel mercato aperto o transazioni negoziate privatamente. Il programma è previsto per iniziare il 24 marzo 2025, e durerà un mese fino al 24 aprile 2025, a meno che il target massimo di azioni non venga raggiunto prima.
L'azienda mantiene flessibilità nell'esecuzione del riacquisto, con tempistiche e volumi determinati da fattori quali liquidità, condizioni di mercato e limitazioni normative. Tutte le azioni riacquistate saranno restituite al tesoro e annullate. Il programma può essere sospeso o interrotto a discrezione dell'azienda.
Snow Lake Resources (NASDAQ: LITM) ha anunciado un importante programa de recompra de acciones autorizado por su Junta Directiva. El programa de recompra de 10 millones de dólares tiene como objetivo aumentar el valor para los accionistas y la presencia en el mercado, con la empresa planeando inicialmente adquirir hasta 4,926,476 acciones ordinarias.
Las compras se realizarán a través de ThinkEquity en el Nasdaq Capital Market, mediante compras en el mercado abierto o transacciones negociadas de forma privada. El programa está programado para comenzar el 24 de marzo de 2025, y se extenderá durante un mes hasta el 24 de abril de 2025, a menos que se alcance el objetivo máximo de acciones antes.
La empresa mantiene flexibilidad en la ejecución de la recompra, con el tiempo y el volumen determinados por factores como la liquidez, las condiciones del mercado y las limitaciones regulatorias. Todas las acciones recompradas serán devueltas al tesoro y canceladas. El programa puede ser pausado o descontinuado a discreción de la empresa.
눈호수 자원(SNOW LAKE RESOURCES) (NASDAQ: LITM)은 이사회의 승인을 받은 주요 자사주 매입 프로그램을 발표했습니다. 1천만 달러 규모의 자사주 매입 프로그램은 주주 가치를 높이고 시장 내 존재감을 강화하는 것을 목표로 하며, 회사는 처음에 4,926,476주 일반주식을 매입할 계획입니다.
매입은 ThinkEquity를 통해 나스닥 자본 시장에서 공개 시장 매입 또는 비공식 협상 거래를 통해 실행됩니다. 프로그램은 2025년 3월 24일에 시작될 예정이며, 2025년 4월 24일까지 한 달 동안 진행되며, 최대 주식 목표에 조기 도달할 경우에는 그 이전에 종료될 수 있습니다.
회사는 자사주 매입을 실행하는 데 있어 유동성, 시장 조건 및 규제 제한과 같은 요소에 따라 시간과 규모를 조정할 수 있는 유연성을 유지합니다. 매입된 모든 주식은 재무부로 반환되어 취소됩니다. 프로그램은 회사의 재량에 따라 일시 중지되거나 중단될 수 있습니다.
Snow Lake Resources (NASDAQ: LITM) a annoncé un programme de rachat d'actions significatif autorisé par son Conseil d'Administration. Le programme de rachat de 10 millions de dollars vise à améliorer la valeur pour les actionnaires et la présence sur le marché, l'entreprise prévoyant d'acquérir initialement jusqu'à 4 926 476 actions ordinaires.
Les achats seront réalisés via ThinkEquity sur le marché des capitaux Nasdaq, par le biais d'achats en marché ouvert ou de transactions négociées en privé. Le programme est prévu pour commencer le 24 mars 2025 et se déroulera pendant un mois jusqu'au 24 avril 2025, sauf si l'objectif maximum d'actions est atteint plus tôt.
L'entreprise conserve une flexibilité dans l'exécution du rachat, le timing et le volume étant déterminés par des facteurs tels que la liquidité, les conditions du marché et les limitations réglementaires. Toutes les actions rachetées seront retournées au trésor et annulées. Le programme peut être suspendu ou interrompu à la discrétion de l'entreprise.
Snow Lake Resources (NASDAQ: LITM) hat ein bedeutendes Aktienrückkaufprogramm angekündigt, das von seinem Vorstand genehmigt wurde. Das Rückkaufprogramm in Höhe von 10 Millionen Dollar zielt darauf ab, den Aktionärswert und die Marktpräsenz zu erhöhen, wobei das Unternehmen plant, zunächst bis zu 4.926.476 Stammaktien zu erwerben.
Die Käufe werden über ThinkEquity über den Nasdaq Capital Market durchgeführt, entweder durch Käufe auf dem offenen Markt oder durch privat ausgehandelte Transaktionen. Das Programm soll am 24. März 2025 beginnen und einen Monat bis zum 24. April 2025 laufen, es sei denn, das maximale Aktienziel wird vorher erreicht.
Das Unternehmen behält sich die Flexibilität bei der Durchführung des Rückkaufs vor, wobei Zeitpunkt und Volumen von Faktoren wie Liquidität, Marktbedingungen und regulatorischen Beschränkungen abhängen. Alle zurückgekauften Aktien werden in die Schatzkammer zurückgegeben und annulliert. Das Programm kann nach Ermessen des Unternehmens pausiert oder eingestellt werden.
- Authorization of $10 million share buyback program
- Potential enhancement of shareholder value and stock liquidity
- Flexibility to increase buyback amount if permitted by regulations
- Program can be terminated or paused at company's discretion
- Short duration of initial buyback period (one month)
- Purchase execution subject to market conditions and regulatory limitations
Insights
Snow Lake's $10 million share buyback program represents a substantial capital allocation decision that signals strong confidence from management. With a current market cap of just
The initial target of 4,926,476 shares creates a meaningful foundation for price support in a stock currently trading at just
Management's statement that current share prices "may not reflect the underlying value of the Company" indicates they view their stock as undervalued at current levels. This represents a vote of confidence from insiders who presumably have the deepest understanding of the company's prospects in the uranium exploration space.
The one-month timeframe (March 24-April 24) creates a concentrated period of potential buying pressure, though the non-binding nature and discretionary execution clauses provide flexibility should market conditions change.
For a small-cap exploration company to allocate capital to buybacks rather than exclusively toward operations suggests either exceptionally strong cash reserves or a strategic prioritization of shareholder value enhancement during this phase of development.
Winnipeg, Manitoba--(Newsfile Corp. - March 18, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) (the "Company"), a uranium exploration and development company, announces that the Company's board of directors (the "Board of Directors") has authorized a share repurchase program (the "Buy Back") for up to US
The Company's Board of Directors believes that the market price of the common shares in the capital of the Company (the "Common Shares") may from time to time not reflect the underlying value of the Company, specifically its growth opportunities, and that the proposed purchasing of its Common Shares is in the best interests of the Company and represents an appropriate use of corporate funds. It is expected that any purchases made by the Company could also enhance value and liquidity for its shareholders.
Under the newly authorized Buy Back program, the Company initially intends to acquire up to 4,926,476 Common Shares, through its broker, ThinkEquity LLC, through the facilities of Nasdaq Capital Market ("Nasdaq"), through open market purchases, privately negotiated transactions, or other methods, all in full compliance with the guidelines set forth by the United States Securities and Exchange Commission and other applicable legal regulations, at prevailing market prices at the time of purchase, subject to limitations imposed by applicable securities laws. The actual number of Common Shares purchased, timing of purchases and share price will depend upon market conditions at the time and securities law requirements. Snow Lake may increase the number of Common Shares that it may purchase under the Buy Back program if permitted by applicable laws and regulations. All Common Shares acquired will be returned to treasury and cancelled.
Purchases under the Buy Back program may commence as of March 24, 2025 for an initial period of one month, ending on the earlier of: (i) April 24, 2025; or (ii) the date on which the Company has purchased the maximum number of Common Shares to be acquired under the Buy Back program, provided that the Company may terminate the Buy Back program earlier if it feels it is appropriate to do so.
The execution of the Buy Back program, including the timing, volume of Common Shares repurchased, and purchase prices, will be determined based on factors such as available liquidity, market conditions, and corporate and regulatory limitations, including potential blackout periods. Importantly, the Buy Back program is not a binding commitment to acquire any specific quantity of Common Shares and may be paused or discontinued at the Company's discretion.
About Snow Lake Resources Ltd.
Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian mineral exploration company listed on (NASDAQ: LITM), with a global portfolio of clean energy mineral projects comprised of three uranium projects and two hard rock lithium projects. The Engo Valley Uranium Project is an exploration stage project located in the Skeleton Coast of Namibia, the Black Lake Uranium Project is an exploration stage project located in the Athabasca Basin, Saskatchewan, and the Buffalo Uranium Project is an exploration stage project in Wyoming, United States. The Shatford Lake Project is an exploration stage project located adjacent to the Tanco lithium, cesium and tantalum mine in Southern Manitoba, and the Snow Lake Lithium™ Project is an exploration stage project located in the Snow Lake region of Northern Manitoba.
Learn more at www.snowlakeenergy.com.
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law.
| Contact and Information Frank Wheatley, CEO | Investor Relations Investors: ir@snowlakelithium.com Website: www.snowlakeenergy.com | Follow us on Social Media Twitter: www.twitter.com/SnowLakeEnergy LinkedIn: www.linkedin.com/company/snow-lake-energy |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244918
FAQ
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