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Snow Lake Resources Ltd.

LITM

Snow Lake Resources Ltd. • NASDAQ
$3.30 ▲ 8.91% (+0.27)
Market Cap $75.31 M
52w High $24.44
52w Low $1.98
Dividend Yield 0%
P/E -1.44
Volume 417.87K
Outstanding Shares 18.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $0 $3.115M ▲ $-610K ▼ 0% $-0.02 ▲ $-3.038M ▼
Q1-2025 $0 $1.835K ▼ $-1.178K ▲ 0% $-0.5 ▼ $-2.244M ▼
Q4-2024 $0 $879.975K $-2.267M 0% $-0.11 $-880K
Q3-2024 $0 $879.975K ▼ $-2.267M ▼ 0% $-0.11 ▼ $-880K ▲
Q2-2024 $0 $2.148M $-1.582M 0% $-0.078 $-2.112M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $28.396M ▲ $62.166M ▲ $11.137M ▲ $51.029M ▲
Q1-2025 $2.527M $0 ▼ $-25.497M ▼ $25.497M ▼
Q4-2024 $2.527M $29.916M $4.419M $25.497M ▲
Q3-2024 $2.527M ▼ $29.916M ▼ $4.419M ▼ $25.497M ▲
Q2-2024 $4.77M $30.356M $6.036M $24.32M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-610 ▲ $-1.277K $-1.877K $16.089K $0 $-3.154K
Q1-2025 $-1.178K ▲ $-1.277K ▼ $-1.877K ▼ $16.089K ▲ $0 $-3.154K ▼
Q4-2024 $-2.266K $-721 $-1.15K $-8.957 $0 $-1.872K
Q3-2024 $-2.266K ▲ $-721 ▲ $-1.15K ▲ $-8.957 ▼ $0 $-1.872K ▲
Q2-2024 $-1.582M $-1.15M $-1.09M $3.464M $0 $-2.239M

Five-Year Company Overview

Income Statement

Income Statement Snow Lake is essentially a pre‑revenue company. Over the last several years it has not generated meaningful sales and has consistently reported small operating losses. That means all reported losses are tied to exploration, corporate overhead, and early development work rather than to an existing, scaled business. Earnings per share have been negative and have trended weaker as the company has spent to advance projects and reposition its strategy. The reverse split also concentrates those per‑share losses into a smaller share count, which can make the history look more volatile. Overall, the income statement reflects an early‑stage resource and technology platform still firmly in the build‑out phase, with financial performance driven by costs, not by revenue.

Balance Sheet

Balance Sheet The balance sheet is very light. Total assets are small, mostly made up of cash and exploration or investment interests rather than heavy physical infrastructure. There is effectively no financial debt, which reduces interest burden but also reflects limited scale so far. Equity is modest and has been eroded gradually by ongoing losses. This combination—small asset base, no revenue, and no debt—describes a company that is still at a proof‑of‑concept stage and will likely depend on fresh capital injections or asset deals to fund its ambitions rather than on internally generated resources.

Cash Flow

Cash Flow Cash flows mirror the company’s early‑stage profile. Operating cash flow has been negative, meaning the core activities consume cash rather than provide it. Free cash flow is also negative, driven by spending on exploration and project development rather than on mature, revenue‑producing assets. Because there is no established cash‑generating business, Snow Lake’s ability to keep funding its strategy depends on access to external capital—through equity raises, partnerships, asset sales, or similar arrangements. Any delays or cost overruns on projects can therefore have an outsized impact on its financial flexibility.

Competitive Edge

Competitive Edge Competitively, Snow Lake is trying to differentiate itself with two main angles: ESG‑heavy lithium and a broader portfolio of critical minerals and clean‑energy assets, mainly in North America. The flagship idea is an all‑electric, low‑carbon lithium mine that could appeal strongly to automakers, battery makers, and investors seeking traceable, environmentally aligned supply. Its focus on uranium, rare earths, and gallium adds potential strategic value because these materials are politically sensitive and important for EVs, clean power, and advanced computing. However, Snow Lake is competing against larger, better‑funded mining and energy companies across all of these markets. The wide spread of initiatives—from lithium and uranium to rare earths and blockchain—also raises the risk of management distraction and execution complexity. The company’s edge will depend on proving that it can actually bring at least one or two core projects into commercial operation and secure strong offtake or strategic partners.

Innovation and R&D

Innovation and R&D Innovation is at the heart of Snow Lake’s story. The all‑electric mine concept, powered by renewable hydroelectricity and using a fully electric fleet, is a clear attempt to redefine how lithium is mined and to turn ESG practices into a genuine competitive advantage. Partnerships with mining technology firms and universities add some technical depth and help with geological targeting and operational design. Beyond mining, the company is experimenting with a broader clean‑energy and technology platform: nuclear (via uranium and SMR ambitions), rare earths, and even blockchain and AI‑related investments, including interest in the Solana ecosystem and materials like gallium used in advanced chips. These moves create potential upside if they align well and generate synergies, but they also introduce speculative elements that go beyond traditional resource development. A key uncertainty is whether these diversified bets can be executed with discipline and translated into tangible, recurring cash flows rather than remaining a collection of high‑level concepts.

Summary

Snow Lake is best understood as an early‑stage, concept‑driven clean‑energy and critical‑minerals platform rather than a traditional operating mining company. Financially, it has no meaningful revenue, runs modest but steady losses, and carries only a thin asset and equity base, with negative cash flow and no debt. Its future depends heavily on its ability to raise capital, form strong partnerships, and move projects from vision to production. Strategically, the company is ambitious: a low‑carbon lithium mine, diversified exposure to uranium and rare earths, and optionality in nuclear, blockchain, and AI‑linked materials. This creates a mix of notable opportunity and high execution risk. The upside case rests on Snow Lake successfully delivering on at least part of its project pipeline and turning its ESG and North American positioning into durable commercial relationships; the downside lies in project delays, cost pressures, funding constraints, or strategic overreach across too many fronts at once.

NEWS

November 10, 2025 · 8:30 AM UTC

Snow Lake Welcomes the Designation of Uranium as a Critical Mineral by the U.S. Government

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October 30, 2025 · 8:00 AM UTC

Surface Metals Inc. Provides Corporate Update: Gold's 2025 Rally Amplifies Cimarron Gold Project Potential and Strengthens Strategic Position

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October 21, 2025 · 7:30 AM UTC

Snow Lake Launches Kadmos Energy Services - Entering the Nuclear Power Sector with a Bold Vision

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October 6, 2025 · 6:30 AM UTC

Snow Lake to Acquire Global Uranium and Enrichment Limited Creating a U.S. Focused Nuclear Fuel Cycle Company

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October 2, 2025 · 7:30 AM UTC

Pine Ridge Uranium Project Continues to Deliver Encouraging Exploration Results

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