Company Overview - Snow Lake Resources Ltd, also known as Snow Lake Energy, is a Canadian clean energy exploration company listed on NASDAQ under the ticker LITM [5] - The company has a global portfolio of clean energy mineral projects, including two uranium projects and two hard rock lithium projects [5] - The uranium projects are the Black Lake Uranium Project in Saskatchewan and the Engo Valley Uranium Project in Namibia [5] - The lithium projects are the Shatford Lake Project in Southern Manitoba and the Snow Lake Lithium™ Project in Northern Manitoba [5] Current Business Focus - The company is currently focused on advancing the exploration of its two uranium projects to supply raw materials for the clean energy transition and emissions-free power [6] - Exploration activities on the two lithium projects will remain limited until the lithium market recovers from its current depressed levels [6] Recent Financing Activity - Snow Lake announced a best-efforts offering of 16,000,000 common shares at a price of US16,000,000 [1] - The offering is expected to close on January 27, 2025, subject to customary closing conditions [1] - The net proceeds from the offering will be used primarily for working capital and general corporate purposes [2] - ThinkEquity is acting as the sole placement agent for the offering [2] Regulatory Information - The securities are being offered and sold pursuant to a shelf registration statement on Form F-3 (File No 333-272324) filed with the SEC on June 1, 2023, and declared effective on August 9, 2023 [3] - The offering will be made only by means of a written prospectus, with a prospectus supplement and accompanying prospectus to be filed with the SEC [3]
Snow Lake Energy Announces Pricing of US$16 Million Offering