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Snow Lake Resources ( (LITM) ) has issued an announcement.
On April 16, 2025, Snow Lake Resources Ltd. announced the commencement of its Phase 2 drill program at the Engo Valley Uranium Project in Namibia. This program aims to complete up to 7,500 meters of drilling to establish a maiden uranium mineral resource estimate by the second half of 2025. The initiative is part of Snow Lake’s strategy to address the global uranium supply deficit by proving new economic sources of uranium, with the potential to impact the company’s market positioning and stakeholders positively.
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 clean energy mineral projects, including two uranium projects and two hard rock lithium projects. The Engo Valley Uranium Project is located in Namibia, while the Black Lake Uranium Project is situated in Saskatchewan, Canada. Additionally, the company has the Shatford Lake Project and the Snow Lake Lithium Project in Manitoba, Canada.
YTD Price Performance: -50.21%
Average Trading Volume: 12,660,151
Technical Sentiment Signal: Buy
Current Market Cap: $45.34M
Find detailed analytics on LITM stock on TipRanks’ Stock Analysis page.