Find More Details Here: Company Website. Company Presentation.
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As mentioned above, LITM has several potential catalysts to take in this minute. Check them out:
No. 1 LITM Potential Catalyst - Could A Low Float Provide An Environment For Explosive Volatility?
According to info pulled from Yahoo Finance's website, LITM has a low float.
The website reports this profile to have roughly 12.86Mn shares in its float.
Why is that figure important? It's important on one crucial level. Volatility.
Could more positive company news in mid-2024 provide a near term spark?
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No. 2 LITM Potential Catalyst - Initial Phase Of Drilling Nears At Engo Valley (Namibian Uranium Project)
Snow Lake Provides an Exploration Update on the Engo Valley Uranium Project
Winnipeg, Manitoba--(Newsfile Corp. - July 25, 2024) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake" or the "Company") is pleased to provide an exploration update on its Engo Valley Uranium Project, located in Namibia.
CEO Remarks
"We are very pleased with the progress our field exploration crews have made to date on our Engo Valley Uranium Project," commented Frank Wheatley, CEO of Snow Lake. He continued: "With the radon cup survey now complete, and our drillers in the process of mobilizing to site, we are looking forward to starting our initial phase of drilling at this highly prospective uranium project."
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2024 Exploration Program
Snow Lake has designed a multi-phase exploration program for 2024 for the Project, which includes:
- analysis of all airborne survey data previously flown by the Namibian Government over the project area, together with all other historical exploration reports and data on the project area on file with the Namibian Ministry of Mines and Energy (now complete);
- topographical survey of the project site (now complete);
- locating all historic drill collars from Gencor's 1970 drilling campaign (now complete);
- radon cup survey of all historical targets, as well as a number of new targets, in order to verify the historical airborne survey data and to confirm both historic and new drill targets (now complete);
- an initial 1,000 - meter reverse circulation drill program to twin the historical drill holes, and to begin an in-fill grid pattern between the historical drill holes (mobilization); and
- downhole radiometrics on each of the new drill holes (pending).
Exploration field crews initially mobilized to site in May 2024 in order to undertake the topographical and radon cup surveys. After the initial phase of the radon cup survey, a second in-fill radon cup survey was deployed focusing on identified uranium anomalies. With results from both phases of the radon cup survey in hand, drill targets are currently being finalized. The two phases of drilling are designed to both test the validity of the various exploration targets and to produce an initial SK-1300 compliant mineral resource estimate.
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Read the full article here.
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No. 3 LITM Potential Catalyst - Acquisition Completed: LITM Acquires 100% In Key Uranium Project.
Snow Lake Provides an Update on the Black Lake Uranium Project
Winnipeg, Manitoba--(Newsfile Corp. - July 24, 2024) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake" or the "Company") is pleased to provide an update on its Black Lake Uranium Project, located in the Athabasca Basin, Saskatchewan, Canada.
CEO Remarks
"We are pleased to have completed our acquisition of the option to acquire a 100% interest in the Black Lake Uranium Project," commented Frank Wheatley, CEO of Snow Lake. He continued: "With permits expected shortly, we can now begin to schedule in earnest our exploration program, and expect to initiate the program with an airborne survey of the entire project area. In addition, we can now give the green light to our exploration crews to begin preparation to mobilize to the field for initial prospecting and ground geophysics, focusing on areas of known uranium mineralization."
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2024 Exploration Program
Snow Lake has designed a multi-phase exploration program for 2024 for the Project. Phase 1 of the program consists of obtaining, compiling, digitizing and reviewing all historical exploration data on the Project, which includes:
- all historical exploration data, plans, maps, geological reports, survey reports and assessment reports from prior companies' exploration programs in the 1950's and 1970's;
- all previous geologic, radiometric, and scintillometer surveys;
- assay results from prior diamond drilling programs on the Higginson Lake, Charlebois Lake and Spreckly Lake project areas.
Obtaining and compiling all historical data has greatly facilitated designing a detailed exploration program using the latest geophysical technology to both verify known uranium mineralization on the Project, as well as to identify new targets for further exploration.
Phase 1 is now complete and Phase 2, consisting of an airborne survey over the entire Project area, is currently being scheduled. Survey results will assist in identifying targets for field work in Phase 3.
Phase 3 will consist of initial prospecting and mapping, and a suite of ground geophysics, to refine the results of the airborne survey and assist in locating high-value drill targets. This phase of the program will focus on areas of known mineralization on the Project.
Phase 4 will consist of a program of diamond drilling, which is intended to be a program of up to 2,000 meters of diamond drilling, spread over approximately 10 holes of approximately 200 meters each, dependent upon appropriate drill target identification from Phase 3 of the program. Based upon successful drilling, the objective of the 2024 work program would be to produce an initial SK-1300 compliant mineral resource estimate.
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Read the full article here.
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No. 4 LITM Potential Catalyst - Exploration Team Hits The Ground Running With "High Hopes" At Important Lithium Project.
Snow Lake Initiates Exploration Program at Shatford Lake Lithium Project
Winnipeg, Manitoba--(Newsfile Corp. - May 23, 2024) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake" or the "Company") is pleased to announce that field crews have initiated the 2024 exploration program on the Shatford Lake Lithium Project.
CEO Remarks
"After completing all planning and logistics for the 2024 field season, we are delighted that the exploration team is in the field and have begun their work," commented Frank Wheatley, CEO of Snow Lake. He continued: "We have high hopes for this exploration season as they explore the prospective Shatford Lake Lithium Project adjacent to the Tanco lithium mine."
2024 Exploration Program
Snow Lake, together with Critical Discoveries, has designed a four-phase exploration program for 2024. Phase 1 consists of compiling and analyzing all past exploration data generated by ACME Lithium Inc., including all geophysical and geochemical data, as well as past drilling results, in order to identify targets for field work in Phase 2.
Phase 1 is complete and Phase 2 has been initiated with the Critical Discoveries' field team of 4, consisting of 2 geologists and 2 field technicians. Initial prospecting and mapping will focus on the northwest corner of the Shatford Lake Lithium Project and will then expand to cover the balance of the project.
Initial prospecting activities to date have included the discovery of two pegmatites under heavy overburden. See Figures 1 and 2 below. Samples have been taken and submitted to the assay lab for analysis.
Phase 3 is intended to be a program of up to 2,000 meters of diamond drilling, spread over approximately 10 holes of approximately 200 meters each, dependent upon appropriate drill target identification from Phase 2 of the program. Phase 4 will be compilation and evaluation of all field data, assay results, and drill results from the 2024 exploration program.
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Read the full article here.
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(Nasdaq: LITM) Recap - These Explosive Potential Catalysts Are Must-Know Material!
No. 1 - Could A Low Float Provide An Environment For Explosive Volatility?
No. 2 - Initial Phase Of Drilling Nears At Engo Valley (Namibian Uranium Project)
No. 3 - Acquisition Completed: LITM Acquires 100% In Key Uranium Project.
No. 4 - Exploration Team Hits The Ground Running With "High Hopes" At Important Lithium Project.
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Coverage is officially initiated on (Nasdaq: LITM).
Get this breakout idea on your radar this second and be on the lookout for updates as the week moves forward.
Talk soon.
Sincerely,
Kai Parker
StockWireNews
(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)
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