Snow Lake Resources ( (LITM) ) has shared an announcement.
On April 10, 2025, Snow Lake Resources Ltd. announced an update on its joint venture with Global Uranium and Enrichment Limited (GUE) for the Pine Ridge Uranium Project in Wyoming. GUE has expanded the project area to nearly 20,000 acres and is preparing for a drilling program. Snow Lake has committed to invest approximately A$5.8 million for a 19.99% stake in GUE as part of a A$10 million equity raise, pending shareholder approval at a meeting on April 14, 2025. This joint venture aims to enhance Snow Lake’s position in the uranium industry and potentially increase shareholder value.
More about Snow Lake Resources
Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on Nasdaq under the ticker LITM. The company focuses on clean energy mineral projects, including two uranium projects and two hard rock lithium projects. Its uranium projects are located in Namibia and Saskatchewan, while its lithium projects are in Manitoba, Canada.
YTD Price Performance: -51.49%
Average Trading Volume: 14,882,125
Technical Sentiment Signal: Strong Buy
Current Market Cap: $42.47M
Learn more about LITM stock on TipRanks’ Stock Analysis page.