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An announcement from Snow Lake Resources ( (LITM) ) is now available.
On January 15, 2025, Snow Lake Resources Ltd. announced it had reached an agreement with Canadian Uranium Corp. to extend by one year its option over the early-stage Mound Lake Gallium Project in Ontario, allowing the company to earn up to an 80% interest through exploration spending and cash payments over two years. The extension, which follows U.S. government moves in January 2025 to curb national security risks from dependence on imported processed critical minerals such as gallium, gives Snow Lake more time to advance exploration on a project where historic work has shown elevated gallium and other critical metals, reinforcing its strategy of building a North American critical minerals portfolio aligned with efforts to secure domestic supply chains for defense and high-tech industries.
More about Snow Lake Resources
Snow Lake Resources Ltd., doing business as Snow Lake Energy, is a Canadian nuclear fuel cycle and critical minerals company listed on Nasdaq under the ticker LITM. Its portfolio is centered on U.S.-focused uranium projects and related nuclear technologies, including next-generation uranium enrichment and small modular reactors, alongside early-stage critical minerals exploration projects in Canada and equity stakes in other North American critical minerals companies.
Average Trading Volume: 791,340
Technical Sentiment Signal: Sell
Current Market Cap: $56.68M
See more data about LITM stock on TipRanks’ Stock Analysis page.