Snow Lake Resources Announces Positive Scoping Study for Hansen Deposit

Snow Lake Resources ( (LITM) ) has shared an announcement.

On May 6, 2025, Snow Lake Resources Ltd. announced the completion of a positive scoping study for the Hansen Deposit at the Tallahassee Uranium Project in Colorado, USA, conducted by Global Uranium and Enrichment Limited (GUE), in which Snow Lake holds a 19.9% interest. The study aims to de-risk the Hansen Deposit and identify the most cost-effective and environmentally sustainable mining methods. This development aligns with U.S. policies to accelerate critical mineral production, providing favorable conditions for advancing the project and potentially benefiting stakeholders.

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 has a global portfolio of critical mineral and clean energy projects, including the Pine Ridge Uranium project in Wyoming, USA, and the Engo Valley Uranium Project in Namibia. Additionally, Snow Lake holds exploration stage projects in Manitoba, Canada.

YTD Price Performance: -70.35%

Average Trading Volume: 785,164

Technical Sentiment Signal: Buy

Current Market Cap: $30.2M

See more insights into LITM stock on TipRanks’ Stock Analysis page.