Snow Lake Resources Ltd Stock Price, News & Analysis

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.

Snow Lake Resources (NASDAQ: LITM) and Global Uranium and Enrichment (GUE) have successfully completed their joint acquisition of the Pine Ridge Uranium Project in Wyoming's Powder River Basin. The deal establishes a 50/50 joint venture partnership between the two companies.

Key aspects of the transaction include Snow Lake becoming a 19.9% cornerstone shareholder in GUE, and Snow Lake's CEO Frank Wheatley joining GUE's Board of Directors. The Pine Ridge project is described as a uranium project of potentially significant scale with a large JORC 2012 exploration target, situated in the premier U.S. uranium mining region.

The companies are actively preparing for a significant 2025 drilling program at Pine Ridge, with further updates on exploration plans and timelines expected in the coming weeks.

Snow Lake Resources (NASDAQ: LITM) has announced a new Strategic Growth Plan aimed at expanding its investment portfolio beyond critical resources. The plan focuses on deploying capital across three key sectors: Solana (SOL) blockchain infrastructure, clean energy technologies, and critical minerals.

The initiative is designed to utilize existing and future cash reserves to grow the company's treasury while maintaining its core focus on resource exploration and development. Snow Lake aims to create a balanced business model that combines traditional mining operations with investments in high-growth, tech-driven sectors.

The strategy emphasizes investments in the Solana ecosystem, known for its energy efficiency, along with clean energy platforms aligned with global electrification and AI-driven energy demand. The company believes this diversification will enhance balance sheet strength and create long-term shareholder value while maintaining flexibility in evolving markets.

Snow Lake Resources (NASDAQ: LITM) has provided an update on its share repurchase program initiated in April 2025. The company has successfully acquired and cancelled multiple common shares through open market purchases via its broker ThinkEquity at prevailing market prices, following Rule 10b-18 of the Securities Exchange Act of 1934.

The company's Board of Directors believes the current market price may not fully reflect Snow Lake's underlying value and growth potential. The buyback program aims to enhance shareholder value and liquidity while representing an appropriate use of corporate funds.

Snow Lake Resources (NASDAQ: LITM) has initiated its Phase 2 drill program at the Engo Valley Uranium Project in Namibia. The program encompasses up to 7,500 meters of combined reverse circulation and diamond drilling, with initial drill holes already completed.

The drilling campaign focuses on the Main Uranium Occurrence (MUO) and D1 target area, following an in-fill grid pattern. The company aims to establish a maiden uranium mineral resource estimate scheduled for completion in the second half of 2025. Additional targets identified by the 2024 radon cup survey will also be tested in the north and south parts of the project.

Downhole radiometrics will be conducted on each drill hole. The program's timing aligns with increasing global uranium demand, with Namibia being the third-largest global uranium producer.

Snow Lake Resources (NASDAQ: LITM) has provided an update on its 50/50 joint venture with Global Uranium and Enrichment (GUE) for the Pine Ridge Uranium Project in Wyoming's Powder River Basin. GUE has expanded the project's footprint to nearly 20,000 acres through additional mineral claims staking.

GUE has scheduled an extraordinary general meeting for April 14, 2025, seeking shareholder approval for a A$10 million equity raise. As part of this raise, Snow Lake has committed to invest approximately A$5.8 million for a 19.99% stake in GUE.

The joint venture partner GUE holds a 21.9% stake in Ubaryon, a private Australian company developing proprietary uranium enrichment technology. Ubaryon is currently in discussions with potential strategic partners for funding, with announcements expected in the first half of 2025. GUE has also begun preparing a drilling program for Pine Ridge, including permitting and contractor tendering.

Snow Lake Resources (NASDAQ: LITM) announces plans to invest US$30 million in U.S. uranium exploration and development over the next three years. The company's primary focus will be the Pine Ridge Uranium Project in Wyoming's Powder River Basin, a 50/50 joint venture with Global Uranium and Enrichment (GUE).

Snow Lake will acquire a 19.99% strategic stake in GUE through participation in a A$10M capital raise. The investment provides access to GUE's uranium projects in Colorado and Utah. Additionally, Snow Lake owns the Buffalo Uranium Project in Wyoming, a historic producer with confirmed uranium mineralization over 3,000 feet of strike.

The Pine Ridge project is positioned near global-scale uranium projects and Cameco's Smith Ranch Uranium Mill. The investment aligns with U.S. policy priorities focusing on energy independence and critical mineral security, particularly in supporting domestic uranium supply for nuclear energy expansion and advanced nuclear technologies.

Snow Lake Resources (NASDAQ: LITM) has announced a 50/50 joint venture with Global Uranium and Enrichment (GUE) to acquire the Pine Ridge Uranium Project in Wyoming's Powder River Basin. The acquisition aims to support U.S. national and energy security objectives by developing domestic uranium production.

Key highlights of the Pine Ridge project include:

• Location in Wyoming, the leading U.S. uranium-producing region
• Advanced In-Situ Recovery (ISR) uranium project ready for rapid development
• Proximity to Cameco's Smith Ranch Uranium Mill (15km away) with 5.5M lbs U3O8 licensed capacity

Additionally, Snow Lake will hold a 19.99% interest in GUE, which maintains a cornerstone position in Ubaryon Pty , an Australian company developing innovative uranium enrichment technology. This strategic investment aims to address the U.S.'s uranium enrichment capacity, particularly for next-generation advanced nuclear reactors.