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Snow Lake Resources ( (LITM) ) has provided an update.
On April 17, 2025, Snow Lake Resources Ltd. announced an ATM Sales Agreement with ThinkEquity LLC, allowing the company to offer and sell up to $50 million in common shares. This agreement provides Snow Lake Resources with the flexibility to raise capital through market offerings, potentially enhancing its financial position and supporting its strategic initiatives in the mining sector. The agreement includes provisions for sales to be made on the Nasdaq Capital Market, with ThinkEquity LLC acting as the sales agent and receiving a 3% commission on gross proceeds. The announcement reflects Snow Lake Resources’ efforts to leverage capital markets for growth, though there is no obligation to sell shares, and the agreement can be terminated by either party.
More about Snow Lake Resources
Snow Lake Resources Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources, particularly lithium. The company is based in Winnipeg, Manitoba, Canada, and is involved in activities that support the growing demand for electric vehicle batteries and renewable energy storage solutions.
YTD Price Performance: -52.02%
Average Trading Volume: 12,589,202
Technical Sentiment Signal: Strong Buy
Current Market Cap: $43.6M
See more data about LITM stock on TipRanks’ Stock Analysis page.