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An announcement from Snow Lake Resources ( (LITM) ) is now available.
Snow Lake Resources Ltd. has successfully completed a public offering raising approximately US$6.45 million, which fully funds their 2025 exploration programs for their uranium projects. The company has completed the Phase 1 drill program at the Engo Valley Uranium Project and is preparing for Phase 2, while also concluding the initial field season at the Black Lake Uranium Project. The completion of these exploration programs strengthens Snow Lake’s position in the uranium market, aimed at addressing the growing global demand for clean energy sources.
More about Snow Lake Resources
Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian clean energy exploration company listed on Nasdaq under the symbol LITM. The company manages a global portfolio of clean energy mineral projects, which include two exploration stage uranium projects located in Namibia and Saskatchewan, as well as two lithium projects in Manitoba. Snow Lake’s current focus is on advancing its uranium projects to support the clean energy transition while maintaining limited exploration on its lithium projects due to a downturn in the lithium market.
YTD Price Performance: -74.19%
Average Trading Volume: 21,258,884
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.64M
Find detailed analytics on LITM stock on TipRanks’ Stock Analysis page.
