Summary by Moomoo AI
Snow Lake Resources Ltd. has announced the pricing of a best efforts public offering of 15,750,000 common shares at $0.41 per share, aiming to raise gross proceeds of approximately $6.45 million before deducting placement agent fees and offering expenses. ThinkEquity is serving as the sole placement agent for the offering, which is expected to close on December 20, 2024.The company plans to utilize the net proceeds primarily for working capital and general corporate purposes. The securities will be offered and sold under a shelf registration statement on Form F-3 filed with the SEC. Snow Lake Energy, currently listed on NASDAQ, maintains a global portfolio of clean energy mineral projects, including two uranium projects and two hard rock lithium projects.
