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Snow Lake Resources Priced, Nasdaq: LITM

Canadian producer of lithium for batteries.

Industry: Materials

Latest Trade: $0.23 0.00 (0.0%)

First Day Return: +73.3%

Return from IPO: -96.9%

Industry: Materials

Snow Lake is committed to being the first fully renewable energy powered electric mine in the world that can deliver a completely traceable, conflict free, net zero carbon, lithium battery to the electric vehicle, or EV, consumer market. We aspire to not only set the standard for responsible lithium battery manufacturing but we intend to be the first lithium producer in the world to achieve Certified B Corporation status in the process. We are an exploration stage mining company engaged in lithium exploration in the province of Manitoba, Canada. Our primary focus is currently conducting exploration for lithium at our 100% owned Thompson Brothers Lithium Project. Our objective is to develop a world-class lithium mine in Manitoba and to become the first fully energy renewable lithium hydroxide producer in North America, strategically located to supply the U.S. “Auto Alley,” from Michigan to the southern United States, and the European battery market via our nearby access to the Hudson Bay Railway and the Port of Churchill.
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IPO Data
IPO File Date 03/26/2021
Offer Price $7.50
Price Range $6.50 - $7.50
Offer Shares (mm) 3.2
Deal Size ($mm) $24
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/18/2021
Offer Price $7.50
Price Range $6.50 - $7.50
Offer Shares (mm) 3.2
Deal Size ($mm) $24
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
ThinkEquity
Company Data
Headquarters Toronto, Canada
Founded 2018
Employees at IPO 5
Website snowlakeresources.com

Snow Lake Resources (LITM) Performance