Past year: ▼ 44%(2.16 – 4.38 USD)
Each one in plain English, with the numbers worked through for a shareholder.
6 May 2025regulatory community update● Neutral
Filing is a cover page and exhibit index only, attaching a May 6, 2025 press release titled 'Tallahassee Uranium Project Scoping Study'. No results, figures or terms are in the text provided. The title names a uranium project not previously mentioned in the company's filings; how it was acquired is not stated.
9 Apr 2025asset acquisition disposition● NeutralMajor
Snow Lake filed the paperwork behind its Wyoming uranium deals. The Buffalo Uranium Project letter of intent (Feb 18, 2025) has Snow Lake buying 100% of Bazooka Resources Pty Ltd, which holds an option on 16 claims in Carbon County, Wyoming. Payments are US$50,000 cash on signing, US$200,000 cash plus US$400,000 of Snow Lake shares at closing, and two US$450,000 milestone payments (cash, or shares at Snow Lake's election) tied to published uranium resource thresholds. The claim holders keep a 1.5% net smelter royalty, which can be bought back for US$1.5M. The filing also lists a Powder River Basin LLC joint venture agreement and a March 11, 2025 purchase agreement with Stakeholder Energy, LLC for the Pine Ridge project, and a shareholder rights plan. The text provided is truncated before the terms of those three documents, so their terms are unknown. The LOI gave 98,529,516 common shares outstanding as of Feb 18, 2025.
31 Mar 2025regulatory community update● Neutral
Filing is a cover page and exhibit index only, attaching a Mar 31, 2025 news release titled 'Acquisition of Pine Ridge Uranium Project in Wyoming Supports U.S. National & Energy Security Objectives'. Price and terms are not in the text provided. This is a second Wyoming uranium project after Buffalo (Feb 2025).
25 Mar 2025regulatory community update● Neutral
Filing is a cover page and exhibit index only, attaching a Mar 25, 2025 press release titled 'Snow Lake to Secure Stake in Game-Changing Uranium Enrichment Technology, Unlocking Access to $6 Billion Market'. The counterparty, stake size and cost are not in the text provided.
18 Feb 2025regulatory community update● Neutral
Filing is a cover page and exhibit index only, attaching a Feb 18, 2025 news release titled 'Snow Lake Expands its Uranium Portfolio with Acquisition of the Buffalo Uranium Project in Wyoming, United States'. Price and terms are not in the text provided. This continues the uranium push begun in Dec 2024.
31 Dec 2024regulatory community update● Neutral
Filing is a cover page and exhibit index only, attaching a Dec 31, 2024 news release titled 'Snow Lake Secures Funding to Drive Exploration, Strategic Acquisitions, and Investments in Clean Energy and Next Gen Minerals'. No amounts or details are in the text provided; the title indicates intended uses of funds.
31 Dec 2024regulatory community update● NeutralMajor
Filing is a cover page and exhibit index only, attaching a Dec 31, 2024 news release titled 'Snow Lake Announces Closing of Public Offering for Gross Proceeds of US$15 Million'. The US$15 million figure comes from the title; no other terms are in the text provided.
23 Dec 2024regulatory community update● Neutral
Filing is a cover page and exhibit index only, attaching a Dec 23, 2024 press release whose title says Snow Lake secured funding to advance uranium exploration, tied to nuclear power for AI data centers. The title suggests a move into uranium beyond lithium; no figures or details are in the text provided.
20 Dec 2024regulatory community update● Neutral
Filing is a cover page and exhibit index only, attaching a Dec 20, 2024 press release titled 'Snow Lake Energy Announces Closing of Public Offering'. This follows the Dec 18 proposed offering announcement, but amounts and terms are not in the text provided (a later filing's title cites US$15 million).
20 Dec 2024regulatory community update● Neutral
Filing is a cover page and exhibit index only, attaching a Dec 20, 2024 press release titled 'Snow Lake Provides Corporate Update'. The content of the update is not in the text provided. The address on the cover changed to 360 Main St, 30th Floor, Winnipeg.
19 Dec 2024regulatory community update● Neutral
Filing is a cover page and exhibit index only, attaching a Dec 18, 2024 press release titled 'Snow Lake Energy Announces Proposed Public Offering'. No size, price or terms are in the text provided. The signing CFO is now Kyle Nazareth (previously Keith Li).
9 May 2024regulatory community update● Neutral
Filing is a cover page and exhibit index only, attaching a May 8, 2024 press release on the results of the 2024 Annual General & Special Meeting of shareholders. The vote results are not in the text provided.
30 Jan 2024regulatory community update● Neutral
The filing is a cover page and exhibit index only; the substance is in an attached press release, whose title says Snow Lake signed an option agreement with ACME Lithium for the Shatford Lake Lithium Project next to the Tanco Mine. The release text is not included, so no terms, price or timeline are known.
21 Sept 2023capital raising announcement● NeutralMajor
Snow Lake closed a flow-through share offering of 2,133,979 common shares at CDN$3.6117 (US$2.67) each, raising CDN$7,707,291.95 (US$5,697,709.73), for Manitoba exploration and development. Roth Capital Partners was resale agent and received 86,000 five-year warrants at US$2.67 plus US$109,479.37 in fees. This is the first financing disclosed since the 2021 IPO; the CEO is now Frank Wheatley (replacing Philip Gross as signatory/CEO in earlier filings) and the release describes the project as 8.2 Mt of resource.
What it means for a shareholder
2.1m new shares at C$3.61 to raise about C$7.7m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held C$1,000 of shares (277 at the issue price), your slice goes from 0.00152% to 0.00136% of the company. To keep it you'd need 32 more shares - about C$116 at the issue price.
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11 Aug 2023resource reserve update▲ GoodMajor
Snow Lake released its S-K 1300 Initial Assessment (prepared by ABH Engineering, with SLR as co-qualified person), showing a projected after-tax value of US$1.19 billion at a 7% discount rate, a 170% internal rate of return and a 14-month payback over a 9-year mine life. The updated resource is 748,632 t measured (1.13% Li2O), 6,560,006 t indicated (1.10%) and 1,007,119 t inferred (0.99%), well below the earlier 11.1 Mt figure; total capital is US$146 million including US$10 million closure. The company notes these are preliminary and rely on inferred resources; the board approved starting a pre-feasibility study and a winter drill program. This delivers the long-pending IA, and the 9-year mine life contrasts with the earlier 25-year target.
11 Jan 2023drilling progress report▲ GoodMajor
Snow Lake reported final results from its 2022 Grass River drilling, including 2.0% Li2O over 16 metres in hole CBP-007 and 3.6% over 1.5 metres in GRP-018, with all SGS Lakefield assays now received. SGS Lakefield's 3D modelling found at least three spodumene dykes (company staff think up to five), so the area is now called the 'GRP Dykes Swarm'; the north-west extension is the focus of the 2023 winter drilling. This resolves the earlier lab-backlog thread and continues the GRP starter-pit work, but no updated resource figure is given. A second release in the same filing (Jan 6, 2023) says the company staked nine claims (1,728 hectares) near Dion Creek, Lost Frog Lake and Grass River East, bringing total land to 24,114 hectares (59,587 acres), about 8% more than before.
22 June 2022drilling result▲ Good
Snow Lake signed a Memorandum of Understanding (a non-binding agreement, in general) with Epiroc Canada Inc. to advise on the technical and commercial design of its planned fully electric mine; no financial terms are given. It also reported TBL-038 at 1.53% Li2O over 24.94 m (the table shows 24.92 m), an infill hole to confirm continuity of the existing resource, plus narrow Sherritt Gordon intercepts of 1.14% over 1.35 m and 0.92% over 2.95 m.
31 May 2022drilling result▲ Good
Snow Lake reported more drill results showing intercepts above 1% Li2O in four dykes: 1.84% over 6.32 m at the Sherritt Gordon dyke (labelled GRP-003 in the release), 1.36% over 17.97 m at 429.5 m depth in TBL-035, and 1.50% over 7.00 m at BYP-001. Several holes had no significant values. The company says the deep TBL result may mean the system continues deeper than expected and targets a 25-year mine life, but no updated resource figure is given.
23 May 2022drilling result▲ GoodMajor
Snow Lake reported first drill results from the Grass River Pegmatite (GRP) dyke, including 3.35% Li2O over 3 metres in hole GRP-003 (within 2.38% over 5.96 metres), and says this could be a new starter pit. It also says the Province of Manitoba extended its exploration permits for another three years. Further analysis is needed to establish the dyke's orientation, and the GRP data will go into the next resource update.
2 May 2022drilling result▲ Good
Snow Lake released the first assay results from its winter drilling, covering 3 of the 40 holes submitted. Hole TBL-027 returned 1.49% Li2O over 34.5 metres and TBL-025 returned 1.52% Li2O over 18.0 metres near surface. The company says the Thompson Brothers strike now extends 1.2 km and the dyke appears to go beyond 500 metres depth, and it says the resource will be updated once all results are in. Assay lab backlog is cited as the reason results are slow. Note: the release text gives the TBL-027 width as 34.5 m in the headline but the table lists the width as '300' (apparently a data error), so the 34.5 m figure rests on the From/To of 233.00-267.50.
13 Apr 2022resource reserve update▲ GoodMajor
Snow Lake commissioned a scoping study, with Primero as contractor and working with the Manitoba government and CentrePort, for a lithium hydroxide plant at CentrePort Canada in southern Manitoba. The study starts in April 2022 and is expected to finish by spring 2023; the company expects the mine to reach commercial production in late 2024 (a company expectation, not a commitment). A second release reports a CAD $157,500 Manitoba Mineral Development Fund grant toward the winter drilling campaign, following the earlier $62,000 grant, with three drills running across Thompson Brothers and outside targets (Grass Rivers, BYP, Sherritt Gordon). The text is truncated, so any further details in the second release are not captured.
1 Feb 2022resource reserve update● Neutral
Snow Lake engaged SLR to prepare an Initial Assessment and a Technical Report Summary under the US S-K 1300 disclosure standard, a step toward a Pre-Feasibility Study and later a Definitive Feasibility Study. The existing June 2021 NI 43-101 technical report was converted to the S-K 1300 format, and the environmental baseline study with SLR is described as running over about two years. The resource figure stays at 11.1 million tonnes at 1% Li2O (indicated and inferred); no new resource number is given.
16 Dec 2021regulatory community update● Neutral
Snow Lake hired SLR Consulting Canada to run environmental baseline studies, which the company calls the first step in the environmental permitting needed for full-scale mining. No cost or timeline is given in this release. It is an early permitting step, not a permit.
13 Dec 2021drilling progress report▲ GoodMajor
Snow Lake said it has all permits for its winter drilling campaign and hired Big Ice Services to build about 12 km of ice trails for access, sharing some trail costs with Kinross Gold, and QB Drilling to drill 5,000-15,000 metres of core depending on weather. This is the first use of IPO money on the ground; drilling aims to extend the Thompson Brothers deposit and test other pegmatite targets.
30 Nov 2021regulatory community update▲ Good
Snow Lake received a CAD $62,000 grant from the Manitoba Mineral Development Fund (via the Manitoba Chambers of Commerce) to support a drone magnetic survey scheduled for mid-December, to be done by EarthEx Geophysical Solutions. The survey is meant to help find more lithium-bearing rock on the property; the amount is small relative to the IPO proceeds.
26 Nov 2021capital raising announcement▲ GoodMajor
Snow Lake Resources (the company later known as Frontier Nuclear & Minerals) closed its Nasdaq initial public offering of 3,680,000 common shares at $7.50 each, including 480,000 shares from the underwriters' full over-allotment option, for gross proceeds of $27.6 million before fees and expenses. The company says the money is for resource development (more exploratory drilling, technical studies, possible project acquisitions) and general corporate purposes. Shareholders in the IPO now hold shares in a company with a single wholly owned lithium project in Manitoba, the Thompson Brothers Lithium Project.
What it means for a shareholder
3.7m new shares at $7.50 to raise about $27.6m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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