Snow Lake Resources Ltd Stock Price, News & Analysis

Snow Lake Resources (NASDAQ: LITM) announces its participation in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York. CEO Frank Wheatley will deliver a presentation at 2:30 PM ET and conduct one-on-one investor meetings throughout the day. The conference brings together institutional investors, corporate clients, and industry professionals to showcase innovations and financial strategies. Interested investors can schedule meetings through their ThinkEquity Representative.

Snow Lake Energy (NASDAQ: LITM) has announced the start of drilling on the Engo Valley Uranium Project in Namibia. The company has initiated a two-phase drill program designed to confirm and delineate historically documented uranium mineralization. The first phase, currently underway, involves approximately 1,500 meters of reverse circulation drilling to twin and create an in-fill grid pattern between historical drill holes. Downhole radiometrics will be conducted on each new drill hole, with initial results expected shortly after completion.

A second phase, consisting of about 2,100 meters of reverse circulation drilling, will follow to expand the infill grid, aiming to produce an initial SK-1300 compliant mineral resource estimate. CEO Frank Wheatley expressed optimism about confirming and delineating uranium mineralization at Engo Valley, noting that ground geophysics have been completed and drillers are now on site.

Snow Lake Resources (NASDAQ: LITM) has successfully completed its 2024 field exploration season on the Shatford Lake Project. The program resulted in several significant discoveries, including:

1. Numerous pegmatites under heavy overburden
2. A large ~25-30 meter-wide tantalite-bearing pegmatite on the Cat-Euclid Lake claim block

The discovery of the tantalite-bearing pegmatite indicates potential for lithium, cesium, and tantalum (LCT) mineralization similar to the Tanco Mine. CEO Frank Wheatley expressed satisfaction with the exploration results, stating that it confirms the company's confidence in the Shatford Lake Project's potential to host LCT mineralization. Snow Lake plans to conduct further exploration in 2025 to test these discoveries.

Snow Lake Resources (NASDAQ: LITM) has provided an update on its Shatford Lake Lithium Project exploration program in Manitoba, Canada. The company has completed the first field rotation of Phase 2 and has begun the second reconnaissance/prospecting rotation. Initial assay results show potential for lithium, and the project's proximity to the Tanco Mine is encouraging.

The 2024 exploration program consists of four phases, with Phase 3 potentially including up to 2,000 meters of diamond drilling. Snow Lake has an option agreement with ACME Lithium Inc. to earn up to a 90% interest in the project, which comprises 37 mineral claims totaling approximately 17,000 acres.

The Shatford Lake Lithium Project is located in the Bird River Greenstone Belt and is contiguous to the Tanco Mine, a long-standing lithium producer. Manitoba's ranking as a mining jurisdiction has improved from 14th to 6th overall in the Fraser Institute's 2023 annual survey.

Snow Lake Resources (NASDAQ: LITM) has provided an update on its Engo Valley Uranium Project in Namibia. The company has completed a radon cup survey and is preparing to start drilling. Key points include:

1. The project is located on the Skeleton Coast, about 600 km north of Swakopmund.

2. Historical exploration by Gencor in the 1970s identified four uranium anomalies.

3. Snow Lake's 2024 exploration program includes analysis of historical data, topographical surveys, and a planned 1,000-meter drill program.

4. The company is acquiring up to 85% interest in the project through Namibia Minerals and Investment Holdings.

5. Snow Lake views the current uranium market conditions as favorable for exploration, citing increasing demand and supply constraints.

Snow Lake Resources (NASDAQ: LITM) has provided an update on its Black Lake Uranium Project in the Athabasca Basin, Saskatchewan. The company has completed the acquisition of an option to acquire a 100% interest in the project and is preparing to initiate its exploration program. The program will begin with an airborne survey of the entire project area, followed by initial prospecting and ground geophysics focusing on areas of known uranium mineralization.

The Black Lake Uranium Project consists of 20 mining claims covering 18,908 hectares and is divided into four project areas: Higginson Lake, Charlebois Lake, Fisher Hayes, and Spreckley Lake. The project has a history of exploration dating back to the 1950s, with 28 historic uranium showings confirmed.

Snow Lake has designed a multi-phase exploration program for 2024, including data compilation, airborne surveys, ground geophysics, and potentially up to 2,000 meters of diamond drilling. The company aims to produce an initial SK-1300 compliant mineral resource estimate based on successful drilling results.

Snow Lake Resources (NASDAQ: LITM) has provided a corporate update on its clean energy mineral projects. The company has a diversified portfolio including the Black Lake Uranium Project in Saskatchewan, the Engo Valley Uranium Project in Namibia, the Shatford Lake Lithium Project, and the Snow Lake Lithium Project in Manitoba. Focusing on uranium due to favorable market conditions, Snow Lake aims to advance these projects significantly in 2024. The Engo Valley project, with 85% interest acquired, will undergo multi-phase exploration, while the Black Lake project will benefit from modern exploration methods. Conversely, due to a weak lithium market and suboptimal project economics, Snow Lake has scaled back its lithium exploration efforts.

Snow Lake Resources (NASDAQ: LITM) has provided an update on the exploration of its Engo Valley Uranium Project in Namibia. The initial RadonX™ survey identified potentially uraniferous areas, correlating well with historical targets by Gencor. This has led to an ongoing infill RadonX™ survey for more precise drill target identification. The U.S. Senate's recent passing of the ADVANCE Act supports nuclear energy, positively impacting Snow Lake's exploration efforts. Additionally, Snow Lake aims to acquire up to an 85% interest in Namibia Minerals and Investment Holdings, which owns the Exclusive Prospecting License 5887 covering the Engo Valley Uranium Project. Namibia ranks highly for mining investment, and global events are bolstering uranium demand, making this project strategically significant. The company is also exploring other clean energy opportunities to enhance its portfolio.

Snow Lake Resources, trading as Snow Lake Energy (NASDAQ: LITM), has initiated its 2024 exploration program at the Engo Valley Uranium Project in Namibia. This marks the first exploration at the site since the 1970s. Current activities include topographical and radon cup surveys, locating historic drill collars, and preparing for a 1,000-meter reverse circulation drill program. The project spans 69,530 hectares under Exclusive Prospecting License 5887, valid until February 2026. Snow Lake aims to acquire up to 85% of Namibia Minerals and Investment Holding, which owns the project. Namibia, a prominent uranium producer, ranks 5th in Africa for mining investment.