Snow Lake Resources Launches Phase 2 Drilling at Engo Valley

An update from Snow Lake Resources ( (LITM) ) is now available.

Snow Lake Resources Ltd. announced the initiation of a Phase 2 drill program at the Engo Valley Uranium Project in Namibia, aiming to conduct up to 7,500 meters of drilling to calculate a maiden mineral resource estimate by the second half of 2025. This initiative aligns with the growing global demand for uranium driven by the shift towards nuclear energy, highlighting the company’s strategic positioning to contribute to the anticipated supply deficit in uranium production.

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 has a global portfolio of clean energy mineral projects, including three uranium projects and two hard rock lithium projects. Their uranium projects are located in Namibia, Saskatchewan, and Wyoming, while their lithium projects are in Manitoba.

YTD Price Performance: -50.0%

Average Trading Volume: 42,299,444

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $43.76M

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