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Snow Lake Resources ( (LITM) ) has provided an update.
On January 23, 2025, Snow Lake Resources Ltd. announced the pricing of a US$16 million offering consisting of 16 million common shares at US$1.00 per share. The proceeds, expected to close on January 27, 2025, will be used primarily for working capital and general corporate purposes. This strategic move aims to bolster the company’s financial position and support its focus on uranium exploration projects, crucial for the clean energy transition.
More about Snow Lake Resources
Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian clean energy exploration company listed on NASDAQ. It focuses on a global portfolio of clean energy mineral projects, including two uranium and two hard rock lithium projects. The company prioritizes advancing its uranium projects in the Athabasca Basin, Saskatchewan, and Skeleton Coast of Namibia to support the clean energy transition.
YTD Price Performance: 47.87%
Average Trading Volume: 37,900,810
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $106.2M
See more insights into LITM stock on TipRanks’ Stock Analysis page.
