Snow Lake Resources Commences Phase 2 Drilling at Engo Valley

Snow Lake Resources ( (LITM) ) has issued an announcement.

On March 19, 2025, Snow Lake Resources Ltd. announced the mobilization of its Phase 2 drill program at the Engo Valley Uranium Project in Namibia. The program aims to drill up to 7,500 meters to establish a maiden uranium mineral resource estimate by the second half of 2025. This initiative is timely, given the global uranium supply deficit and increasing demand for clean energy. Following recent capital raisings, Snow Lake is fully funded to complete this phase, which is expected to enhance its position in the uranium market. The company also highlights its strategic joint venture in Wyoming, aiming to build a robust portfolio of uranium assets to create significant shareholder value.

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. It has a global portfolio of clean energy mineral projects, including two uranium projects and two hard rock lithium projects. The Engo Valley Uranium Project is located in Namibia, while the Black Lake Uranium Project is situated in Saskatchewan, Canada. Additionally, the company explores lithium at the Shatford Lake Project in Southern Manitoba and the Snow Lake Lithium Project in Northern Manitoba.

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