Snow Lake Energy Ltd. (NASDAQ: LITM) is a Canadian mineral exploration company specializing in developing sustainable lithium and uranium resources. The company manages a diverse portfolio of projects across Canada and Namibia, focusing on materials essential for electric vehicle batteries and clean energy production. With approximately 60,000 acres of land in Manitoba, Canada, Snow Lake Energy is establishing itself as a significant contributor to North America’s clean energy supply chain. The company’s commitment to sustainable mining practices and renewable energy use positions it to meet the increasing demand for critical minerals in the electric vehicle and energy storage sectors.
Battery Technology
Snow Lake Energy’s primary contribution to battery technology centers on its lithium mining and processing capabilities. The company is developing North America’s first all-electric lithium mine, designed to produce 160,000 tonnes of 6% lithium spodumene annually. This operation will run on nearly 100% renewable hydroelectric power, ensuring minimal environmental impact.
The company’s Thompson Brothers and Grass River deposits contain approximately 8.2 million tonnes of combined measured, indicated, and inferred resources, grading about 1% Li2O. Through a strategic partnership with LG Energy Solution, Snow Lake Energy plans to establish a lithium hydroxide processing plant in CentrePort, Manitoba. This facility will transform raw lithium into battery-grade materials suitable for electric vehicle production.
Snow Lake Energy’s technological approach includes advanced exploration methods and sustainable mining practices. The company’s processing methods aim to minimize water usage and environmental impact while maximizing resource extraction efficiency.
Recent Projects
In early 2025, Snow Lake Energy secured $20 million in funding for uranium exploration programs. The company completed Phase 1 drilling at the Engo Valley Uranium Project, with initial assay results expected soon. Additionally, Snow Lake Energy discovered significant gallium deposits at the Mound Lake Property in Ontario, expanding its portfolio of critical minerals for semiconductor manufacturing and AI applications.
Investors
Snow Lake Energy recently raised $6.45 million through a public offering, with additional financing of $16 million secured in January 2025. ThinkEquity acted as the placement agent for these transactions. While specific investor names are not publicly disclosed, the company maintains strong relationships with institutional and retail investors through its NASDAQ listing.
Business Details
Location: Winnipeg, Canada
Website: https://snowlakeenergy.com
LinkedIn: https://www.linkedin.com/company/12668722
