Snow Lake Resources Ltd. (NASDAQ:LITM) Equity Research Report

Snow Lake Resources Ltd. (NASDAQ:LITM). is an exploration-stage mining company engaged in lithium exploration in Manitoba, Canada. Its primary focus is exploration for lithium at the 100% owned Thompson Brothers Lithium Project (TBL).

The objective is to develop a world-class lithium mine in the jurisdictionally friendly Canadian province of Manitoba and to become the first fully electric and fully renewable lithium hydroxide producer in North America. The TB Project is strategically located to supply the U.S. "Auto Alley" and the European battery market via the Hudson Bay Railway and the Port of Churchill.

The company expects to derive substantial revenues from the sale of lithium hydroxide to the EV and stationary storage markets globally. The company expects to become the first supplier in North America of lithium mined exclusively with the benefit of power produced from wholly sustainable, local sources. The company is situated in the province of Manitoba, which generates 96% of its energy from hydroelectric and 3% from wind.

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