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Snow Lake Resources | 20-F: FY2024 Annual Report

Snow Lake Resources | 20-F: FY2024 Annual Report

Snow Lake Resources | 20-F:2024财年年报
美股SEC公告 ·  2024/10/30 11:07

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Snow Lake Resources Ltd. reported a net loss of C$6.9 million for fiscal year 2024, compared to C$15.5 million in 2023, as operating expenses decreased to C$5.8 million from C$16.2 million. The company ended the year with cash of C$2.5 million and working capital of C$1.3 million.The company has shifted its strategic focus from lithium to uranium exploration, acquiring interests in the Engo Valley Uranium Project in Namibia and the Black Lake Uranium Project in Saskatchewan's Athabasca Basin. This pivot comes as lithium prices declined 80% in 2023, while uranium market fundamentals strengthened. The company completed a C$7.7 million flow-through financing in September 2023.Management has limited further exploration of its Snow Lake Lithium Project due to weak lithium market conditions, though environmental baseline work continues. The company is advancing exploration programs at both uranium projects, with drilling commenced at Engo Valley in October 2024 and plans for up to 2,000 meters of drilling at Black Lake. The company aims to produce initial SK-1300 compliant resource estimates for both uranium projects.
Snow Lake Resources Ltd. reported a net loss of C$6.9 million for fiscal year 2024, compared to C$15.5 million in 2023, as operating expenses decreased to C$5.8 million from C$16.2 million. The company ended the year with cash of C$2.5 million and working capital of C$1.3 million.The company has shifted its strategic focus from lithium to uranium exploration, acquiring interests in the Engo Valley Uranium Project in Namibia and the Black Lake Uranium Project in Saskatchewan's Athabasca Basin. This pivot comes as lithium prices declined 80% in 2023, while uranium market fundamentals strengthened. The company completed a C$7.7 million flow-through financing in September 2023.Management has limited further exploration of its Snow Lake Lithium Project due to weak lithium market conditions, though environmental baseline work continues. The company is advancing exploration programs at both uranium projects, with drilling commenced at Engo Valley in October 2024 and plans for up to 2,000 meters of drilling at Black Lake. The company aims to produce initial SK-1300 compliant resource estimates for both uranium projects.
雪湖资源有限公司报告2024财年净亏损为690万加元,较2023年的1550万加元有所下降,营业费用从1620万加元减少至580万加元。该公司年末现金为250万加元,营运资本为130万加元。该公司已将战略重点从锂矿转向铀的勘探,收购了纳米比亚Engo Valley铀项目和萨斯喀彻温省阿萨巴斯卡盆地的Black Lake铀项目。这一转变是在2023年锂矿价格下降80%的背景下进行的,而铀市场的基本面则在增强。该公司已于2023年9月完成了770万加元的流资融资。由于锂矿市场状况疲软,管理层已限制进一步对雪湖锂矿项目的勘探,但环保基础工作仍在进行中。该公司正在推进两个铀项目的勘探计划,Engo Valley的钻探已于2024年10月开始,并计划在Black Lake进行最多2000米的钻探。该公司目标是为两个铀项目生产初步的Sk-1300合规资源估计。
雪湖资源有限公司报告2024财年净亏损为690万加元,较2023年的1550万加元有所下降,营业费用从1620万加元减少至580万加元。该公司年末现金为250万加元,营运资本为130万加元。该公司已将战略重点从锂矿转向铀的勘探,收购了纳米比亚Engo Valley铀项目和萨斯喀彻温省阿萨巴斯卡盆地的Black Lake铀项目。这一转变是在2023年锂矿价格下降80%的背景下进行的,而铀市场的基本面则在增强。该公司已于2023年9月完成了770万加元的流资融资。由于锂矿市场状况疲软,管理层已限制进一步对雪湖锂矿项目的勘探,但环保基础工作仍在进行中。该公司正在推进两个铀项目的勘探计划,Engo Valley的钻探已于2024年10月开始,并计划在Black Lake进行最多2000米的钻探。该公司目标是为两个铀项目生产初步的Sk-1300合规资源估计。
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