Winnipeg, Manitoba–(Newsfile Corp. – January 23, 2025) – Snow Lake Sources (NASDAQ:) Ltd., d/b/a Snow Lake Vitality (NASDAQ: LI™) (“Snow Lake” or the “Company“), a uranium exploration firm, at this time introduced the pricing of a best-efforts providing of 16,000,000 widespread shares at a worth of US$1.00 per share. All the shares within the providing are being provided by the Firm. Whole (EPA:) gross proceeds from the providing, earlier than deducting the location agent’s charges and different providing bills, are anticipated to be US$16,000,000. The providing is anticipated to shut on January 27, 2025, topic to satisfaction of customary closing situations.
The Firm intends to make use of the web proceeds from the providing primarily for working capital and basic company functions.
ThinkEquity is appearing as sole placement agent for the providing.
The securities might be provided and offered pursuant to a shelf registration assertion on Kind F-3 (File No. 333-272324), together with a base prospectus, filed with the U.S. Securities and Change Fee (the “SEC”) on June 1, 2023 and declared efficient on August 9, 2023. The providing might be made solely by way of a written prospectus. A prospectus complement and accompanying prospectus describing the phrases of the providing might be filed with the SEC on its web site at www.sec.gov. Copies of the prospectus complement and the accompanying prospectus regarding the providing can also be obtained, when accessible, from the workplaces of ThinkEquity, 17 State Road (NYSE:), 41st Ground, New York, New York 10004.
This press launch shall not represent a proposal to promote or a solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction during which such a proposal, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.
About Snow Lake Sources Ltd.
Snow Lake Sources Ltd., d/b/a Snow Lake Vitality, is a Canadian clear power exploration firm listed on (NASDAQ: LI™), with a worldwide portfolio of unpolluted power mineral tasks comprised of two uranium tasks and two onerous rock lithium tasks. The Black Lake Challenge is an exploration stage mission positioned within the Athabasca Basin, Saskatchewan and the Engo Valley Uranium Challenge is an exploration stage mission positioned within the Skeleton Coast of Namibia. The Shatford Lake Challenge is an exploration stage mission positioned adjoining to the Tanco tantalum, cesium, and lithium mine in Southern Manitoba, and the Snow Lake Lithium™ Challenge is an exploration stage mission positioned within the Snow Lake area of Northern Manitoba.
The present focus of Snow Lake is advancing the exploration of its two uranium tasks to provide the uncooked supplies wanted for the clear power transition and emissions free energy, whereas exploration actions on its two lithium tasks will stay restricted till such time because the lithium market recovers from its present depressed ranges. Study extra at www.snowlakeenergy.com.
Ahead Trying Statements
This press launch comprises “forward-looking statements” inside the that means of Part 27A of the Securities Act of 1933, Part 21E of the Securities Change Act of 1934 and the “safe harbor” provisions below the Non-public Securities Litigation Reform Act of 1995 which can be topic to substantial dangers and uncertainties. All statements, aside from statements of historic reality, contained on this press launch are forward-looking statements, together with with out limitation statements with regard to Snow Lake Sources Ltd.. We base these forward-looking statements on our expectations and projections about future occasions, which we derive from the data at the moment accessible to us. Ahead-looking statements contained on this press launch could also be recognized by way of phrases resembling “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the damaging of those phrases or different related expressions, though not all forward-looking statements comprise these phrases. Ahead-looking statements are primarily based on Snow Lake Sources Ltd.’s present expectations and are topic to inherent uncertainties, dangers and assumptions which can be troublesome to foretell. Additional, sure forward-looking statements are primarily based on assumptions as to future occasions that won’t show to be correct. A few of these dangers and uncertainties are described extra totally within the part titled “Risk Factors” in our registration statements and annual stories filed with the Securities and Change Fee. Ahead-looking statements contained on this announcement are made as of this date, and Snow Lake Sources Ltd. undertakes no responsibility to replace such info besides as required below relevant legislation.
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