Snow Lake Resources ( (LITM) ) has issued an announcement.
On March 18, 2025, Snow Lake Resources Ltd. announced a share buyback program authorized by its board of directors, aiming to repurchase up to $10 million worth of common shares. This initiative is intended to enhance shareholder value and market presence, reflecting the board’s belief that the market price may not fully represent the company’s growth opportunities. The buyback program, set to commence on March 24, 2025, will be conducted through Nasdaq and may include open market purchases and privately negotiated transactions. The program is flexible, allowing the company to adjust the number of shares repurchased based on market conditions and regulatory requirements.
More about Snow Lake Resources
Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on NASDAQ under the ticker LITM. The company focuses on clean energy mineral projects, including three uranium projects located in Namibia, Saskatchewan, and Wyoming, and two hard rock lithium projects in Manitoba.
YTD Price Performance: -55.74%
Average Trading Volume: 22,453,682
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $36.77M
For detailed information about LITM stock, go to TipRanks’ Stock Analysis page.