Winnipeg, Manitoba–(Newsfile Corp. – January 23, 2025)– Snow Lake Resources (NASDAQ:) Ltd., d/b/a Snow Lake Energy (NASDAQ: LI™) (“Snow lake“or”a company“), a uranium exploration company, today announced the pricing of a best efforts offering for 16,000,000 common shares at a price of $1.00 per share. All shares in the offering are being tendered by the Company. the total (EPA:) The gross proceeds of the offering, before deducting placement agent fees and other offering expenses, are expected to be $16,000,000. The offering is expected to close on January 27, 2025, subject to the satisfaction of customary closing conditions.
The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.
ThinkEquity is acting as the sole placement agent for the offering.
The securities will be offered and sold pursuant to a shelf registration statement on Form F-3 (File No. 333-272324), including a base prospectus, filed with the U.S. Securities and Exchange Commission (“SEC”) on June 1, 2023 and declared effective. On August 9, 2023. The offering will only be made through a written prospectus. A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the Securities and Exchange Commission at its website at www.sec.gov. Copies of the prospectus supplement and accompanying prospectus relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street (NYSE:), 41street Floor, New York, NY 10004.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification. Under the securities laws of any such state or jurisdiction.
About Snow Lake Resources Limited.
Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a publicly listed Canadian clean energy exploration company (NASDAQ: LI™), with a global portfolio of clean mineral energy projects consisting of two uranium projects and two hard rock lithium projects. Projects. The Black Lake Project is an exploration phase project located in the Athabasca Basin, Saskatchewan and the Ingo Valley Uranium Project is an exploration phase project located in the Skeleton Coast of Namibia. The Shatford Lake Project is an exploration phase project located adjacent to the Tanco tantalum, cesium and lithium mine in southern Manitoba, and the Snow Lake Lithium™ Project is an exploration phase project located in the Snow Lake region in northern Manitoba.
Snow Lake's current focus is on developing exploration for its two uranium projects to provide the raw materials needed for the transition to clean and zero-emission energy, while exploration activities at its two lithium projects will remain limited until such time as the lithium market recovers. From its current lows Learn more at www.snowlakeenergy.com.
Forward-looking statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Exchange Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Great. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation, statements regarding Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events. Which we derive from the information currently available to us. Forward-looking statements in this press release can be identified by the use of words such as “expect,” “believe,” “believe,” “could,” “estimate,” “anticipate,” “intend,” and “ “seek”, “may”, “might”, “plan”, “potential”, “predict”, “project”, “goal”, “aim”, “should”, “will”, “will”, or the negative of these Words or other similar expressions, though Not all forward-looking statements contain these words. Forward-looking statements are based on Snow Lake Resources Ltd's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Furthermore, certain forward-looking statements are based on assumptions about future events that may not prove to be accurate Some of these risks and uncertainties are described in more detail in the section entitled “Risk Factors” in the registration statements and annual reports filed with the Securities and Exchange Commission The forward-looking statements contained in this announcement are made as of the date hereof and do not Snow Lake Resources Ltd. assumes no duty to update this information except as required by applicable law.
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