Snow Lake Resources Ltd. reported a net loss of C$6.9 million for fiscal year 2024, down from C$15.5 million in 2023. The company ended the year with C$2.5 million in cash. Total operating expenses decreased to C$5.8 million from C$16.2 million in 2023, reflecting cost reduction efforts.Snow Lake has shifted its primary focus to advancing exploration of its uranium projects, while taking a slower approach to its lithium projects due to current market conditions. The company acquired interests in the Engo Valley Uranium Project in Namibia and the Black Lake Uranium Project in Canada during the year.The company raised C$7.7 million through a flow-through financing in September 2023. Snow Lake stated that given the current state of the lithium market, it does not consider its Snow Lake Lithium Project to be material at this time, but will continue limited exploration activities. The company will need to raise additional capital to fund future operations and exploration programs.

Snow Lake Resources Ltd. reported a net loss of C$6.9 million for fiscal year 2024, down from C$15.5 million in 2023. The company ended the year with C$2.5 million in cash. Total operating expenses decreased to C$5.8 million from C$16.2 million in 2023, reflecting cost reduction efforts.Snow Lake has shifted its primary focus to advancing exploration of its uranium projects, while taking a slower approach to its lithium projects due to current market conditions. The company acquired interests in the Engo Valley Uranium Project in Namibia and the Black Lake Uranium Project in Canada during the year.The company raised C$7.7 million through a flow-through financing in September 2023. Snow Lake stated that given the current state of the lithium market, it does not consider its Snow Lake Lithium Project to be material at this time, but will continue limited exploration activities. The company will need to raise additional capital to fund future operations and exploration programs.