Winnipeg, Manitoba–(Newsfile Corp. – December 18, 2024) – Snow Lake Resources (NASDAQ:) Ltd., d/b/a Snow Lake Energy (NASDAQ: LI™) (“Snow Lake”), a uranium exploration company, announced today that it intends to offer for sale its common stock ( or pre-financed actions). warrants (“pre-funded warrants”) in lieu thereof) in a best efforts public offering. The Company will sell all common shares (or pre-funded warrants instead).
ThinkEquity acts as sole placement agent for the offering.
The offering is subject to market conditions and there can be no assurance as to whether or when it will be completed, nor as to the actual size or terms of the offering.
The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.
The securities will be offered and sold pursuant to a registration statement on Form F-3 (File No. 333-272324), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the ” SEC”) on June 1. 2023 and declared effective on August 9, 2023. The offering will be made only by means of a written prospectus. A preliminary prospectus supplement and an accompanying prospectus describing the terms of the offering have been or will be filed with the SEC on its website www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from the offices of ThinkEquity, 17 state street (NYSE:), 41street Floor, New York, New York 10004. Before investing in this offering, interested parties should read in their entirety the preliminary prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC which are incorporated by reference in said preliminary offer. prospectus supplement and the accompanying prospectus, which provide further information about the Company and such offering.
This press release shall 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 laws of securities of such state or jurisdiction.
About Snow Lake Resources Ltd.
Snow Lake Resources Ltd., d/b/a Snow Lake Energy, is a (NASDAQ: LI™) listed Canadian clean energy exploration company, with a global portfolio of clean energy mineral projects comprised of two uranium and two hard rock lithium. projects. The Black Lake Project is an exploration stage project located in the Athabasca Basin, Saskatchewan and the Engo Valley Uranium Project is an exploration stage project located on the Skeleton Coast of Namibia. The Shatford Lake Project is an exploration-stage project located adjacent to the Tanco tantalum-cesium-lithium mine in southern Manitoba, and the Snow Lake Lithium™ Project is an exploration-stage project located in the Snow Lake region in northern Manitoba.
Snow Lake’s current focus is to advance exploration of its two uranium projects to supply the raw materials needed for the transition to clean energy and emissions-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 under the Securities Reform Act. 1995 Private Securities Litigation which is subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including, without limitation, statements with respect to Snow Lake Resources Ltd. We base these forward-looking statements on our expectations and projections about future events. that we derive from the information currently available to us. Forward-looking statements contained in this press release can be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” ” “may”, “could”, “plan”, “potential”, “predict”, “project”, “target”, “objective”, “should”, “will”, “would” or the negative of these words or other similar expressions, although 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. In addition, certain forward-looking statements are based on assumptions about future events that. certain of these risks and uncertainties are described in more detail in the section entitled “Risk Factors” of 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 this date, and Snow Lake Resources Ltd. undertakes no obligation to update such information, except as required by applicable law.
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