Nova majority owned Snow Lake Resources Ltd, listed on the NASDAQ (LITM), is engaged in lithium exploration at the Thompson Brothers Lithium Project located in the province of Manitoba, Canada. Snow Lake is committed to being the first fully renewable energy powered electric mine in the world capable of delivering a completely traceable, conflict free, net zero carbon, battery grade lithium to the growing electric vehicle, battery storage and consumer markets.
Snow Lake aspires to not only set the standard for responsible lithium battery manufacturing but intends to be the first lithium producer in the world to achieve Certified B Corporation status in the process. Snow Lake intends to discover and develop economically viable deposits of lithium bearing ore on their properties in Manitoba and to derive substantial revenues in the longer term from the sale of lithium hydroxide that it expects to mine and process.
Snow Lake has a dominant 56km2 land position, and the Thompson Brothers Lithium Project currently has a mineral resource estimate of 9.08 Mt @ 1.00% Li2O indicated and 1.97 Mt @ 0.98% Li2O inferred and is currently undertaking resource expansion drilling to significantly increase the resource size and confidence.
In 2022 Snow Lake will initiate its feasibility studies with an aim to be mining by 2024/25.
For more information, see www.snowlakelithium.com