Winnipeg, Manitoba–(Newsfile Corp. – December 29, 2024) – Snow Lake Resources (NASDAQ:) Ltd., d/b/a Snow Lake Energy (NASDAQ: LI™) (“Snow lake” or “Company“), a uranium exploration company, today announced the pricing of a public offering of 18,750,000 shares of common stock at a public offering price of $0.80 per share. All shares in the offering are being offered by the company. In total (EPA:) Gross proceeds from the offering, before deducting placement agent fees and other offering expenses, are expected to be approximately $15,000,000. The offering is expected to close on December 31, 2024, 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 in force on the 9 August 2023. The offer will be made only through a written prospectus. The prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC at its website at www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street (NYSE:), 41St Floor, New York, New York 10004.
This press release will not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws. papers of any such state or jurisdiction.
About Snow Lake Resources Ltd.
Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a Canadian listed (NASDAQ: LI™) clean energy exploration company with a global portfolio of clean energy mineral projects consisting of two uranium projects and two lithium in hard stone projects. The Black Lake Project is an exploration phase project located in the Athabasca Basin, Saskatchewan, and the Engo Valley Uranium Project is an exploration phase project located in the Skeleton Coast of Namibia. The Shatford Lake Project is an exploration stage project located near the Tanco tantalum, cesium and lithium mine in southern Manitoba, and the Snow Lake Lithium™ Project is an exploration stage project located in the Snow Lake region of northern Manitoba.
Snow Lake’s current focus is on advancing exploration at its two uranium projects to supply feedstocks needed for the transition to clean and emission-free energy, while exploration activities at its two lithium projects will remain limited until the lithium market recovers. from their current depressed levels. 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 Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the “safe harbor” provisions of the Private Securities Litigation Reform Act papers from 1995 subject to considerable risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements relating to 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 contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “think,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “anticipate,” “project,” “aim,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although they do not contain all statements related to the future of that word. 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 correct. Some of these risks and uncertainties are described in more detail in the section entitled “Risk Factors” in our 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 Snow Lake Resources Ltd. undertakes no obligation to update such information unless required by applicable law.
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