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LITM

Snow Lake Resources Ltd.

Industry

Industrial Materials

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. Snow Lake Resources Ltd. operates as a subsidiary of Nova Minerals Limited.

Open

0.31

Mkt cap

8.6M

Volume

195K

High

0.33

P/E Ratio

-1.24

52-wk high

1.50

Low

0.31

Div yield

N/A

52-wk low

0.25

Citi forecasts a 20-25% increase in lithium prices over the next 2-3 months due to supply curtailment and short covering. This could impact companies involved in lithium production and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:18 pm

Lithium company shares are declining due to a drop in lithium prices, influenced by oversupply, economic contraction signals from August's ISM Manufacturing PMI, and upcoming non-farm payrolls data that could impact future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:30 pm

Metal company shares are declining due to falling prices and weak demand in China.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 5:23 pm

Fortinet shares surged 17% in pre-market trading after reporting better-than-expected Q2 results and issuing strong guidance. Other notable pre-market movers include Richtech Robotics, Lumen Technologies, and Upstart Holdings, among others.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 10:04 am

General Dynamics Corporation (NYSE:GD) shares fell 5.2% after reporting worse-than-expected Q2 EPS results despite revenue growth. Other notable stock movements include significant gains for NuZee, Inc. (NASDAQ:NUZE) and Dermata Therapeutics, Inc. (NASDAQ:DRMA), and declines for Azitra, Inc. (NYSE:AZTR) and Tesla, Inc. (NASDAQ:TSLA).

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 5:26 pm

Snow Lake Resources has completed the 100% acquisition option for the Black Lake Uranium Project. The CEO announced plans for a 2024 exploration program, which includes an airborne survey and ground geophysics.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 1:11 pm

Shares of lithium stocks are trading higher amid possible sympathy with Albemarle after the company announced it plans more lithium auctions to boost market transparency.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 2:41 pm

Snow Lake Resources has signed a binding Letter of Intent (LoI) with shareholders of a private Australian company to acquire a 100% interest in the Black Lake Uranium Project, which includes 20 mining claims over 18,908 hectares. The acquisition terms involve an initial cash payment, issuance of Snow Lake shares, and a milestone payment in Snow Lake shares.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:18 am

Oracle Corporation (NYSE:ORCL) shares surged 13.4% in pre-market trading after reporting fiscal third-quarter earnings that exceeded expectations, with a 7% year-over-year revenue increase to $13.3 billion. Other stocks also showed significant movement in pre-market trading, with notable gainers including Singularity Future Technology Ltd. (NASDAQ:SGLY) and Nukkleus Inc. (NASDAQ:NUKK), and losers such as Renalytix Plc (NASDAQ:RNLX) and CytomX Therapeutics, Inc. (NASDAQ:CTMX).

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 12:11 pm

Snow Lake Resources Ltd announced that its license has been renewed by the Namibian Ministry of Mines and Energy, remaining valid until February 12, 2026, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 4:36 pm

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