IPO - Snow Lake Resources Ltd.

Form Type: 424B5

Filing Date: 2025-01-24

Corporate Action: Ipo

Type: New

Accession Number: 000175392625000139

Filing Summary: Snow Lake Resources Ltd. is offering 16,000,000 of its common shares at a public offering price of US$1.00 each, totaling US$16,000,000. The offering will be made on a best efforts basis, with no minimum share sale required for closing. The placement agent, ThinkEquity LLC, will not receive investor funds directly, and there's no escrow arrangement. The offering is subject to customary closing conditions expected around January 27, 2025. The company engages in clean energy exploration focusing on uranium and lithium projects, with a primary strategic focus on enhancing its uranium assets in response to market dynamics and geopolitical factors affecting uranium supply and demand. This move is highlighted by their exploration projects in Saskatchewan and Namibia. The document outlines substantial potential risks and investor considerations linked to the offering, emphasizing elements like energy security and legislative changes impacting uranium markets. Investors are advised to review risk factors associated with this offering.

Document Link: View Document

Form Type: 424B5

Filing Date: 2024-12-27

Corporate Action: Ipo

Type: New

Accession Number: 000175392624002175

Filing Summary: Snow Lake Resources Ltd. is conducting a public offering of common shares and pre-funded warrants on a best-efforts basis as outlined in this preliminary prospectus supplement dated December 27, 2024. The offering comes under an effective registration statement with the SEC. Each common share is priced at US$. The company is also offering pre-funded warrants with an exercise price of US$0.001 each to investors who would own more than 4.99% of shares post-offering. No minimum number of shares or proceeds are required for the offering to close. The placement agent for this offering is ThinkEquity LLC, which will not be purchasing or selling any securities but will be facilitating the sale, for which it will receive specified commissions. Investors will not be offered refunds if fewer than all securities available for sale are subscribed. The anticipated date of securities delivery is December 31, 2024. The company is an emerging growth entity under U.S. securities law, opting for reduced reporting requirements, and operates in the uranium and lithium mineral market, focusing mainly on its uranium assets in light of market conditions. The common shares will trade under the symbol “LITM” on the Nasdaq Capital Market, with the last reported share price being US$1.60 as of December 27, 2024.

Document Link: View Document