Welcome to our dedicated page for Snow Lake Resources news (Ticker: LITM), a resource for investors and traders seeking the latest updates and insights on Snow Lake Resources stock.
Snow Lake Resources Ltd (NASDAQ: LITM) delivers critical updates on uranium exploration and hard rock lithium projects powering the clean energy transition. This page aggregates official announcements, strategic developments, and operational milestones for stakeholders tracking the company’s role in securing essential minerals.
Investors and industry observers will find timely updates on resource estimates, exploration progress across global projects, and partnerships advancing sustainable mining practices. Content spans quarterly financial results, technical breakthroughs, and corporate initiatives aligned with evolving energy markets.
All materials adhere to factual reporting standards, providing clarity on exploration methodologies and project timelines without speculative claims. Regular visitors gain insights into how LITM’s Canadian and Namibian operations contribute to nuclear energy infrastructure and battery technology supply chains.
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Snow Lake Lithium has signed a non-binding Memorandum of Understanding (MOU) with LG Energy Solution to develop a domestic lithium supply chain for North America's electric vehicle market. The collaboration aims to establish one of Canada's first lithium hydroxide processing plants in Manitoba and supply LG with lithium for 10 years starting in 2025. With an operational goal to power 5 million electric vehicles, this partnership supports local sourcing of critical minerals, addressing energy demands and sustainability in the EV sector.
Snow Lake Lithium has successfully completed over 20,000 meters of drilling in its 2022 campaign, achieving a success ratio of 83% by intercepting spodumene in 89 of 107 drill holes. Notably, drill hole GRP-027 revealed spodumene-bearing pegmatite with an estimated 20% spodumene content. The company is on track to triple its resource estimation this fall, positioning itself to begin site development in 2024. Additionally, further lab assay results are anticipated shortly, enhancing their resource validation process.
Snow Lake Lithium (Nasdaq:LITM) responded to Concerned Shareholders who announced a special meeting for August 10, 2022. The Company states that this meeting is invalid as another meeting is already scheduled for December 15, 2022. The Board believes this timeline allows shareholders to properly consider contested board election issues without disrupting ongoing initiatives. Furthermore, Snow Lake has filed a court application declaring the Concerned Shareholders’ notice as null and void.
Snow Lake Lithium Ltd. has announced the resignation of CFO Mario Miranda, effective June 30, 2022, after serving since February 2021. He will be succeeded by Keith Li, appointed on June 3, 2022. Miranda played a key role in the company's IPO in November 2021 and is leaving to pursue other opportunities. Li brings over 15 years of financial management experience, previously serving as CFO for Branson Corporate Services Ltd. and roles at Sears Canada Inc. and McGovern, Hurley, LLP. The company aims to lead in renewable lithium mining for the North American EV market.
Snow Lake Resources Ltd. (NASDAQ:LITM) announced receiving a shareholder meeting requisition from the Kimelman Group, representing approximately 5.4% of outstanding shares. The requisition seeks to remove all current directors, set the board size at six, and elect new directors nominated by the Kimelman Group. The Board confirmed a special meeting alongside the annual shareholder meeting, scheduled for around December 15, 2022, to address these matters. Shareholders will be notified in advance, with no immediate action required.
Snow Lake Lithium Ltd. (NASDAQ:LITM) announced a Memorandum of Understanding (MOU) with Epiroc Canada Inc. to support the development of the world's first fully electric lithium mine at its Snow Lake Lithium project in Manitoba. The partnership aims to enhance site planning and technical design, advancing Snow Lake's goal of commercial lithium production. Recent drilling results from the Thompson Brothers dyke revealed high-grade lithium intercepts, including 1.53% Li2O over 24.94 meters. The mine is positioned as a key contributor to North America's EV ecosystem.
Snow Lake Lithium Ltd. (NASDAQ:LITM) announced its participation at two important upcoming events. The PDAC 2022 Convention will include a panel presentation on June 13, featuring CEO Philip Gross discussing investment opportunities in Canada’s EV supply chain. The Benchmark Mineral's Battery Gigafactories USA 2022 conference will take place from June 23-24, where Gross will engage in one-on-one meetings. Snow Lake is focused on operating a fully sustainable lithium mine, covering a 55,318-acre area with an estimated resource of 11.1 million metric tonnes of lithium.
Snow Lake Lithium (NASDAQ:LITM) announced a collaboration with the University of Manitoba to explore critical mineral inventory at its Snow Lake Lithium site. This two-year research project aims to enhance understanding of lithium deposits and will inform Canada's minerals strategy to meet rising lithium demand. Snow Lake is developing the world's first all-electric lithium mine, expecting to produce 160,000 tonnes of lithium spodumene annually. The company plans to transition to commercial production by late 2024, utilizing almost 100% renewable hydroelectric power.
Snow Lake Lithium Ltd. (Nasdaq: LITM) announced the resignation of Chairman Louie Simens, effective May 29, 2022, with CEO Philip Gross appointed as his successor. Simens had been with the company since November 2018 and was a key figure during its IPO. Gross expressed gratitude towards Simens for his service and highlighted Snow Lake's goal to establish itself as a leading player in the North American EV ecosystem. The company aims to become the first fully electric lithium mine, recently validating resource expansion with high-grade drilling results across various targets.
Snow Lake Lithium Ltd. (NASDAQ:LITM) reported significant drilling results from its Northern Manitoba project, identifying four high-grade lithium pegmatite dykes with intercepts above 1% Li2O. Key results include:
- 1.84% Li2O over 6.32 meters (SGP)
- 1.36% Li2O over 17.97 meters (TBL)
- 1.50% Li2O over 7.00 meters (BYP)
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