Snow Lake Resources Ltd. (LITM) IPO : Share Price, News, Quote, History
Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral resources in Canada. The company explores for lithium mineral resources. Its primary asset is the Thompson Brothers Lithium property, which consists of 38 contiguous mining claims located in Manitoba. The company was incorporated in 2018 and is based in Winnipeg, Canada
| Company Name | Snow Lake Resources Ltd. |
|---|---|
| Exchange | NASDAQ Capital |
| Share Price | $6.50-7.50 |
| Employees | 0 (as of 11/04/2021) |
| Status | Filed |
| Shares Offered | 2857143 |
| Offer amount | $24,642,855.00 |
| Shares Over Alloted | 428,571 |
Toronto, Ontario-based Thompson Brothers Lithium Project was the inspiration for Snow Lake, which was developed in order to mine lithium and make lithium hydroxide for use in electric vehicle lithium batteries.
Philip Gross, the company’s CEO since January 2021 and a former CEO of a ‘OTC listed mid-tier gold producer,’ leads the company’s management team.
| Financial Information | |
| Market Cap | $111.09mil |
| Revenues | $0 mil (last 12 months) |
| Net Income | $-0.45 mil (last 12 months) |
Some $4.7 million has been invested in Snow Lake by investors such as Nova Minerals Limited and 2789501 Ontario Inc.
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