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), doing business as Snow Lake Energy, regularly publishes news and updates that describe its activities across the nuclear fuel cycle and critical minerals sectors. Company announcements highlight its U.S.-focused uranium exploration projects, interests in uranium enrichment technology, and initiatives in small modular reactors, together with exploration-stage critical minerals projects and related investments.
News releases frequently cover technical and operational updates from the Pine Ridge Uranium Project in the Powder River Basin of Wyoming, where Snow Lake reports extensive drilling programs under a joint venture with Global Uranium and Enrichment Limited. These updates include descriptions of drill results, mineralized roll fronts, and geological interpretations for this In-Situ Recovery uranium exploration project. Additional releases address the Engo Valley uranium project in Namibia and other uranium assets referenced in the company’s strategy.
Snow Lake’s news flow also includes corporate and strategic developments, such as its proposed acquisition of all remaining shares of Global Uranium and Enrichment Limited, its indirect exposure to Ubaryon’s uranium enrichment technology, and the launch of Kadmos Energy Services LLC, a U.S.-based company focused on small modular light water reactors. Further announcements discuss option agreements and exploration plans for critical minerals projects like the Mound Lake Gallium Project in Ontario, as well as commentary on policy developments such as the designation of uranium as a critical mineral by U.S. authorities.
Investors and observers following LITM news can therefore expect a mix of exploration results, project-level updates, transaction-related disclosures, and commentary on nuclear and critical mineral policy, reflecting Snow Lake’s stated goal of advancing a U.S.-focused nuclear fuel cycle and critical minerals business.
WINNIPEG, MB / ACCESSWIRE / February 10, 2022 / Snow Lake Resources Ltd., trading as Snow Lake Lithium Ltd (NASDAQ:LITM), celebrated its recent Nasdaq listing by participating in a Closing Bell Ceremony on February 10, 2022. CEO Philip Gross highlighted this milestone as a step towards becoming a fully renewable energy-powered lithium mine, aiming to supply zero carbon battery-grade lithium for electric vehicles. Key developments include advancing the Initial Assessment phase and expanding their property for resource growth.
Snow Lake Resources Ltd. recently reported a meeting between CEO Philip Gross and Manitoba Premier Hon. Heather Stefanson on January 25, 2022. The discussion focused on the company's strategic initiatives and five-year plan for commercial lithium mining in Manitoba. Premier Stefanson emphasized the importance of responsible mining for provincial economic recovery. Snow Lake aims to be the first fully renewable lithium hydroxide producer in North America, leveraging Manitoba's green energy and rich natural resources. The Thompson Brothers project holds an estimated 11.1 million metric tonnes of lithium resources.
Snow Lake Lithium Ltd. (NASDAQ:LITM) announced a significant expansion of its land holdings at the Thompson Brothers Lithium Project in Manitoba, Canada. The company acquired an additional 33,614 acres of mineral rights, increasing its total land to 55,318 acres (approximately 86.43 square miles). This acquisition follows extensive geological analysis and prospecting efforts. The company identified four priority trends for future exploration, including Osborne and Grass River. Snow Lake aims to enhance its resource base and contribute to the electric vehicle market.
Snow Lake Lithium Ltd. (NASDAQ:LITM) has announced an operational update regarding its winter drilling program in Manitoba. Following a successful first hole that extended the strike length of the Thompson Brothers Lithium (TBL) deposit, the company has contracted a third drill from Forage BRL Drilling. This additional equipment aims to enhance resource expansion at both the TBL and Sherritt Gordon (SG) deposits. Historical drilling showed significant spodumene content, with average lithium grades between 7.22% and 31.9%. The company is focused on sustainable lithium production for the electric vehicle market.
Snow Lake Lithium Ltd. (NASDAQ:LITM) has engaged SLR Consulting Canada to conduct an Initial Assessment (IA) and Technical Report Summary (TRS) of its Lithium Properties, following the S-K 1300 disclosure standard. This IA will serve as a pivotal step towards a Pre-Feasibility Study (PFS). The company's Thompson Brothers Lithium Project spans 21,703 acres and currently has a resource estimate of 11.1 million metric tonnes of lithium. SLR will also assist with an environmental baseline study, crucial for future permitting processes.
Snow Lake Lithium Ltd. (LITM), based in Manitoba, Canada, announced significant progress in its winter 2022 drilling campaign, with the first drill mobilized on January 28, 2022. Initial results from hole TBL-025 revealed a 19.8-meter core length of lithium-bearing pegmatite, with spodumene content ranging from 20% to 25%, indicating a 10% extension of the strike from previous drilling in 2018. The spodumene is located approximately 30 meters from the surface, suggesting future open-pit mining potential. The company aims for a sustainable lithium operation and has identified 11.1 million metric tonnes of resource at the Thompson Brothers project.
Snow Lake Lithium Ltd. (NASDAQ:LITM) recently participated in an online event titled "Introducing the Province of Manitoba's Critical Minerals Initiatives." Hosted by the US Consulate General of Manitoba, the event highlighted Manitoba's role in the North American EV industry. CEO Philip Gross emphasized the importance of locally sourced lithium and the need for self-sufficiency in the supply chain to avoid dependence on China. Snow Lake Lithium aims to be the first lithium producer globally to achieve Certified B Corporation status while operating a sustainable lithium mine.
Snow Lake Lithium Ltd. (Nasdaq:LITM) will present virtually at the Sequire Metals & Mining Conference on January 27, 2022, from 3:30PM to 3:55PM ET. CEO Philip Gross will discuss the urgent need for action in North America's battery supply chains amid rising demand for lithium in electric vehicles. Snow Lake aims to establish the world's first all-electric lithium mine, utilizing renewable energy. The company holds a significant resource base with 11.1 million metric tonnes of indicated and inferred lithium resources.
Snow Lake Lithium Ltd. (NASDAQ:LITM) announced that CEO Phillip Gross will be featured on The RedChip Money Report airing on Bloomberg TV on January 8 at 7 p.m. ET. The company focuses on producing a sustainable lithium product aimed at the electric vehicle market, highlighting its commitment to a carbon-neutral operation. Their Thompson Brothers Lithium Project spans 21,703 acres with significant lithium resources.
This interview aims to enhance shareholder engagement and inform potential investors about the company's advancements.
Snow Lake Lithium Ltd. (NASDAQ:LITM) reflects on a successful year marked by a $27.6M IPO at $7.50 per share. The company aims to lead North America in lithium hydroxide production for the EV industry, currently dominated by China. Manitoba's resources and infrastructure serve as key advantages. Upcoming initiatives include a 15,000-meter drilling campaign, metallurgical testing, and environmental permitting. Snow Lake's goal is to achieve commercial production while emphasizing sustainability and community relations.
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