Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Snow Lake Resources ( (LITM) ) has provided an update.
Snow Lake Resources Ltd. has successfully closed its public offering, raising approximately $6.45 million through the sale of 15,750,000 common shares at $0.41 per share. The proceeds from this offering will be used for working capital and general corporate purposes, which may aid the company in advancing its uranium projects and maintaining its position within the clean energy sector. The offering was conducted with ThinkEquity as the sole placement agent, and was made under a shelf registration statement filed with the SEC.
More about Snow Lake Resources
Snow Lake Resources Ltd., doing business as Snow Lake Energy, is a Canadian clean energy exploration company listed on NASDAQ under the symbol LITM. The company focuses on a global portfolio of clean energy mineral projects, including two uranium and two hard rock lithium projects. Current efforts are centered on advancing uranium projects to support the clean energy transition and emissions-free power, while the exploration of lithium projects is limited due to current market conditions.
YTD Price Performance: -74.19%
Average Trading Volume: 21,258,884
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.64M
Learn more about LITM stock on TipRanks’ Stock Analysis page.
