Update on Snow Lake Share Buy Back
Snow Lake Resources (NASDAQ: LITM) has provided an update on its share repurchase program initiated in April 2025. The company has successfully acquired and cancelled multiple common shares through open market purchases via its broker ThinkEquity at prevailing market prices, following Rule 10b-18 of the Securities Exchange Act of 1934.
The company's Board of Directors believes the current market price may not fully reflect Snow Lake's underlying value and growth potential. The buyback program aims to enhance shareholder value and liquidity while representing an appropriate use of corporate funds.
Snow Lake Resources (NASDAQ: LITM) ha fornito un aggiornamento sul suo programma di riacquisto di azioni avviato nell'aprile 2025. La società ha acquisito e cancellato con successo diverse azioni ordinarie tramite acquisti sul mercato aperto attraverso il suo broker ThinkEquity, a prezzi di mercato correnti, in conformità con la Regola 10b-18 del Securities Exchange Act del 1934.
Il Consiglio di Amministrazione ritiene che il prezzo di mercato attuale potrebbe non riflettere appieno il valore intrinseco e il potenziale di crescita di Snow Lake. Il programma di riacquisto mira a incrementare il valore per gli azionisti e la liquidità, rappresentando al contempo un uso appropriato delle risorse aziendali.
Snow Lake Resources (NASDAQ: LITM) ha proporcionado una actualización sobre su programa de recompra de acciones iniciado en abril de 2025. La compañía ha adquirido y cancelado con éxito varias acciones comunes mediante compras en el mercado abierto a través de su corredor ThinkEquity, a precios de mercado vigentes, siguiendo la Regla 10b-18 de la Ley de Bolsa de Valores de 1934.
El Consejo de Administración considera que el precio actual del mercado puede no reflejar completamente el valor subyacente y el potencial de crecimiento de Snow Lake. El programa de recompra tiene como objetivo aumentar el valor para los accionistas y la liquidez, representando un uso adecuado de los fondos corporativos.
Snow Lake Resources (NASDAQ: LITM)는 2025년 4월에 시작한 자사주 매입 프로그램에 대한 최신 정보를 제공했습니다. 회사는 중개인 ThinkEquity를 통해 시장 가격에 따라 공개 시장에서 여러 보통주를 성공적으로 매입하고 소각했으며, 이는 1934년 증권거래법의 규칙 10b-18을 준수한 것입니다.
이사회는 현재 시장 가격이 Snow Lake의 내재 가치와 성장 잠재력을 완전히 반영하지 못할 수 있다고 판단합니다. 자사주 매입 프로그램은 주주 가치와 유동성을 높이는 동시에 기업 자금의 적절한 사용을 목표로 합니다.
Snow Lake Resources (NASDAQ : LITM) a fourni une mise à jour sur son programme de rachat d'actions lancé en avril 2025. La société a acquis et annulé avec succès plusieurs actions ordinaires par des achats sur le marché ouvert via son courtier ThinkEquity, aux prix du marché en vigueur, conformément à la règle 10b-18 du Securities Exchange Act de 1934.
Le conseil d'administration estime que le cours actuel du marché ne reflète peut-être pas pleinement la valeur intrinsèque et le potentiel de croissance de Snow Lake. Le programme de rachat vise à accroître la valeur pour les actionnaires et la liquidité, tout en représentant une utilisation appropriée des fonds de l'entreprise.
Snow Lake Resources (NASDAQ: LITM) hat ein Update zu seinem im April 2025 gestarteten Aktienrückkaufprogramm veröffentlicht. Das Unternehmen hat erfolgreich mehrere Stammaktien über offene Markttransaktionen über seinen Broker ThinkEquity zu aktuellen Marktpreisen erworben und storniert, gemäß Regel 10b-18 des Securities Exchange Act von 1934.
Der Vorstand ist der Ansicht, dass der aktuelle Marktpreis den zugrunde liegenden Wert und das Wachstumspotenzial von Snow Lake möglicherweise nicht vollständig widerspiegelt. Das Rückkaufprogramm zielt darauf ab, den Aktionärswert und die Liquidität zu steigern und stellt eine angemessene Verwendung der Unternehmensmittel dar.
- Implementation of share buyback program indicates strong financial position
- Share cancellation reduces outstanding shares, potentially increasing value per share
- Program demonstrates management's confidence in company's underlying value
- Exact number of shares repurchased not disclosed
- Use of corporate funds for buyback reduces cash available for operations or growth
Winnipeg, Manitoba--(Newsfile Corp. - April 17, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration and development company, provides an update on its previously announced share repurchase program (the "Buy Back").
During the first two weeks of April 2025, Snow Lake did acquire a number of its common shares in open market purchases, through its broker, ThinkEquity LLC, at prevailing market prices at the time of purchase pursuant to the share repurchase program adopted by Snow Lake under Rule 10b-18 of the Securities Exchange Act of 1934, as amended. All common shares acquired were returned to treasury and cancelled.
Snow Lake's Board of Directors believes that the market price of the common shares may from time to time not reflect the underlying value of Snow Lake, specifically its growth opportunities, and that the purchase of its common shares is in the best interests of Snow Lake and its shareholders and represents an appropriate use of corporate funds. It is expected that all purchases of its common shares made by Snow Lake could also enhance value and liquidity for its shareholders.
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 two 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, and the Black Lake Uranium Project is an exploration stage project located in the Athabasca Basin, Saskatchewan. 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.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248864
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