Snow Lake Resources Ltd. Common Shares - $LITM STOCK NEWS

Snow Lake Resources , d/b/a Snow Lake Energy, (NASDAQ: LITM) announced the adjournment of its 2024 Annual Meeting of Shareholders to May 8, 2024, due to a lack of quorum. The meeting will be held virtually, and shareholders can vote on proposals. The Company has engaged a proxy solicitor to help achieve the required quorum. Shareholders are urged to vote before the new meeting date to avoid additional adjournment costs.

Snow Lake Resources , d/b/a Snow Lake Energy, believes that the Prohibiting Russian Uranium Imports Act passed by the United States will support its uranium projects in Canada and Namibia. The Act bans the import of enriched uranium from Russia into the U.S., aiming to enhance energy security and reduce dependence on Russia for nuclear fuels. Snow Lake has two uranium exploration projects, the Black Lake Uranium Project in Canada and the Engo Valley Uranium Project in Namibia, which will benefit from the Import Ban.

CEO Frank Wheatley stated that the global uranium market will be further challenged by geopolitical events, and the Import Ban will aid in exploring and developing Snow Lake's uranium projects in Saskatchewan and Namibia. The U.S. Senate has unanimously passed the Import Ban, which is considered a national security priority by the White House and aims to increase domestic uranium production.

Snow Lake Resources , d/b/a Snow Lake Energy, expands its clean energy portfolio with the acquisition of the Black Lake Uranium Project in the Athabasca Basin, Saskatchewan. The project consists of four separate projects with historical uranium mineralization, covering 18,908 hectares. The area is known for its high-grade uranium deposits and historical exploration in the 1950s and 1970s. Snow Lake plans a comprehensive exploration program for 2024, including airborne surveys and diamond drilling to estimate a SK-1300 compliant mineral resource by the end of the year.

Snow Lake Resources , d/b/a Snow Lake Energy (NASDAQ: LITM) announces completion of planning for the 2024 exploration program on the Engo Valley Uranium Project. CEO Frank Wheatley expresses excitement for the project's potential and upcoming exploration work. The company aims to delineate an SK-1300 compliant mineral resource estimate through the exploration program, including various surveys and drill programs. Snow Lake has entered into a binding letter of intent to acquire up to 85% of Namibia Minerals and Investment Holding (Pty) , the owner of Exclusive Prospecting License 5887 covering the Project area.

Snow Lake Resources announces the initiation of the 2024 exploration program on the Engo Valley Uranium Project. CEO Frank Wheatley expresses excitement about the program's potential to verify uranium mineralization and identify new targets. The program includes compiling historical data, planning ground geophysics, and targeting drill programs. The Project, located in Namibia, is a top-tier exploration site with exclusive prospecting licenses. Snow Lake is set to acquire up to 85% of NMIH, the license holder, pending customary closing conditions. Namibia's strong mining investment ranking and uranium production highlight the region's significance.

Snow Lake Resources Ltd. (NASDAQ: LITM) announces the renewal of Exclusive Prospecting License EPL-5887 for the Engo Valley Uranium Project in Namibia until February 2026. The company plans to conduct an exploration and development program to uncover economic uranium deposits. Snow Lake also acquires an 85% interest in NMIH, the holder of EPL-5887, solidifying its position in the promising Namibian mining sector.

Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM), provides an overview of uranium mining in Namibia, highlighting the country's history, current mining projects, and Snow Lake's acquisition of an interest in the under-explored Engo Valley for uranium exploration.

Snow Lake Resources Ltd. begins transition to a diverse clean energy company with the acquisition of up to 85% interest in the Engo Valley Uranium Project in Namibia. The uranium spot price has doubled, reaching over US$100 per pound. Namibia is a key uranium producer, with Snow Lake aiming to establish an initial mineral resource estimate soon.

Snow Lake Resources Ltd., d/b/a Snow Lake Lithium (NASDAQ: LITM) has entered an option agreement to acquire a 90% interest in a group of mineral claims in the Muskrat Dam Lake area of Western Ontario. The project includes 302 single cell, unpatented mineral claims totaling over 6,000 hectares and has the potential to host lithium mineralization. Snow Lake will pay CAD$50,000 in cash, issue 500,000 common shares, and issue 2,000,000 warrants to purchase common shares at a deemed price of US$1.50 per share. Manco will receive a 2% NSR upon exercise of the option by Snow Lake.