Snow Lake Resources Ltd Stock Price, News & Analysis

Snow Lake Resources Ltd. (NASDAQ: LITM), which holds a 19.9% strategic interest in Global Uranium and Enrichment Limited (GUE), announces the completion of a positive scoping study for the Hansen Deposit at the Tallahassee Uranium Project in Colorado. The Hansen Deposit, in which GUE holds a 51% interest, is the largest and highest-grade deposit within the Tallahassee Creek Uranium District.

The study aims to technically de-risk Hansen and establish the most cost-effective, technically efficient, and environmentally sustainable mining method. CEO Frank Wheatley highlighted the study's timing as particularly advantageous given the U.S. Administration's policies focused on accelerating domestic critical mineral production, especially uranium.

Snow Lake Resources Ltd. (NASDAQ: LITM), a uranium exploration and development company, has announced its participation in an upcoming virtual conference focused on critical minerals. The event, titled "Critical Minerals Summit: Accelerating the Mining of U.S. Critical Minerals," is being presented by Maxim Group LLC on Tuesday, May 6th, 2025 at 8:30 a.m. EST. The conference will feature companies developing critical minerals projects in the United States and will be hosted live on the M-Vest platform, where interested participants can register to attend.

Snow Lake Energy (NASDAQ: LITM) has announced a 1-for-13 reverse stock split effective May 2, 2025. The split aims to maintain Nasdaq listing compliance by meeting the $1.00 minimum bid price requirement.

The reverse split will reduce outstanding shares from approximately 101.7 million to 7.8 million. Trading will continue under the symbol "LITM" with a new CUSIP number 83336J307. The split will automatically convert 13 current shares into 1 new share, affecting all shareholders uniformly.

Key points:

• All stock options, warrants, and RSUs will be adjusted accordingly
• No fractional shares will be issued; cash paid in lieu
• Par value and authorized shares remain unchanged
• Endeavor Trust Corporation will serve as exchange agent

Snow Lake Energy operates as a Canadian mineral exploration company with uranium projects in Wyoming and Namibia, plus critical minerals projects in Manitoba.

Snow Lake Energy (NASDAQ: LITM) has significantly expanded its Pine Ridge Uranium Project in Wyoming's Powder River Basin through a joint venture with Global Uranium and Enrichment Limited. The expansion includes:

• 937 new claims covering 7,045 hectares of federal mineral parcels
• 85% increase in total landholding, now reaching 15,130 hectares
• Nearly doubled prospective strike length from 225 km to 435 km

The Pine Ridge Project is an advanced In-Situ Recovery (ISR) uranium project strategically located near major industry players. It sits approximately 15km from Cameco's Smith Ranch Mill, which has a licensed capacity of 5.5Mlbs U3O8 annually. The project is surrounded by existing uranium operations held by UEC and Cameco in the premier U.S. uranium basin.

CEO Frank Wheatley emphasized this expansion as a strategic move to enhance their position in the Powder River Basin, with exploration planned to begin in the 2025 season.