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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.
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Snow Lake Lithium Ltd. (NASDAQ:LITM) has announced a strategic update focused on its growth plans for 2023 and beyond. The board aims to fast-track the Thompson Brothers Lithium Project by initiating a Preliminary Economic Assessment (PEA) for Direct Shipping Ore (DSO) to generate early cash flow. The company significantly expanded its land holdings to 59,587 acres and plans to conduct exploration campaigns for lithium-bearing pegmatite swarms. A high-caliber CEO will be recruited to lead these initiatives. Snow Lake's strategy emphasizes efficient spending and value creation, aiming to become a leading low-cost lithium producer amidst rising demand.
Snow Lake Lithium Ltd. (NASDAQ:LITM) held its annual general and special meeting on January 17, 2023, with 53.08% of votes represented. The board was confirmed with six directors, including Dale Schultz and nominees from Concerned Shareholders, receiving over 90% support. Key votes:
- 9,514,820 shares represented
- 9,388,933 votes for board confirmation
- 9,353,918 votes for auditor reappointment
Philip Gross and Derek Knight are no longer with the company. Nachum Labkowski was appointed Chairman of the Board and a special committee was formed to find a new CEO. The company is moving forward with a new drill program.
Snow Lake Lithium Ltd. (NASDAQ:LITM) announced the immediate resignations of directors Philip Gross, Hadassah Slater, and Allan Engel prior to their annual meeting on January 17, 2023. The company appreciates their contributions during their tenure. Snow Lake Lithium is focused on developing a sustainable lithium mine to serve the North American electric vehicle market. The wholly owned Snow Lake Lithium Project encompasses a 59,587-acre site, with an indicated resource of 11.1 million metric tonnes at 1% Li2O, highlighting significant untapped potential.
Snow Lake Lithium Ltd. (NASDAQ:LITM) announced final drill results from its 2022 Grass River drilling campaign, revealing significant lithium intercepts. Notable findings include 2.0% Li2O over 16 meters in hole CBP-007 and 3.6% Li2O over 1.5 meters in hole GRP-018. The complexity of the pegmatite geology suggests a potential increase in lithium levels at greater depths, with significant high-grade Li2O intercepts confirming the existence of lithium deposits in the newly identified GRP Dykes Swarm. The company plans to focus its 2023 winter drilling program on expanding these resources.
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