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Snow Lake Resources Plans to Conduct Registered Initial Public Offering in the United States

Snow Lake Resources Plans to Conduct Registered Initial Public Offering in the United States 150 150 Snow Lake Resources

January 21, 2021, TORONTO, ONT. – SNOW LAKE RESOURCES LTD. (“Snow Lake”, “SNOW” or the “Company”) today announced that it plans to conduct a registered initial public offering in the United States. The timing, number of securities and price of the proposed offering have not yet been determined.

This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. As required by Rule 135, this press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

To learn more please visit: https://snowlakeresources.com/

 To learn more please visit: https://novaminerals.com.au/

ON BEHALF OF THE BOARD

 Signed

 Derek Knight

VP Corp Dev

For further information, please contact:

Derek@SnowLakeResources.com

 

Streamlined Competent Person Statement

The information in this announcement is based on information compiled by Mr Dale Schultz. Mr Dale Schultz, Principle of DjS Consulting, who is Snow Lake Resources Chief Geologist and Director compiled the technical information in this release and is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS). Mr Schultz has sufficient experience relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person. Mr Schultz consents to the inclusion in the report of the matters based on information in the form and context in which it appears.

Snow Lake Resources confirms in the subsequent public report that it is not aware of any new information or completed data that materially affects the information being reported.

Forward-Looking Statements:

Certain statements in this document are or maybe “forward-looking statements” and represent Snow Lake’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Snow Lake Resources Ltd, and which may cause Snow Lake’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Snow Lake Resources Ltd does not make any representation or warranty as to the accuracy of such statements or assumptions.

Thompson Brothers Lithium Project Update

Thompson Brothers Lithium Project Update 150 150 Snow Lake Resources
  • Snow Lake has continued to advance its project, actively investigating downstream processing with its strategic location on a rail line with a route to port. A market update will be provided shortly.
  • Thompson Brothers Lithium has a current resource of 6.3mt @ 1.3 Li2O containing 86,940 tonnes of Li2O using a 0.6% Li2O reporting cut-off which remains open to depth and on strike for potential further resource expansion.
  • Snow Lake’s increased activity:
  • Exploration and development activities on the Thompson Brothers Lithium Project;
  • Further project potential consolidation and acquisitions in Canada;
  • Assessment of the feasibility of downstream processing facilities located in proximity to European or North American future potential offtake end users;
  • Assessment of integration of multiple renewable and power generation sources, battery storage and advanced control systems to service full load requirements while driving cost and minimizing our carbon footprint;
  • The acquisition of rights to a facility capable of processing the spodumene produced from the Thompson Brothers Lithium Project; and
  • Environmental baseline studies and social corporate responsibility activities, and general corporate and working capital requirements.

January 21, 2021, TORONTO, ONT. – SNOW LAKE RESOURCES LTD. (“Snow Lake”, “SNOW” or the “Company”) is pleased to announce that Snow Lake Resources Ltd, based in Manitoba, Canada is rapidly advancing the Thompson Brothers Lithium Project.

Work programs will commence with the recently announced PEA and the assessment and feasibility of downstream processing facilities located in proximity to European or North American future potential offtake end users (Figure 1).

Snow Lake is also conducting an assessment of the integration of multiple renewable and power generation sources, battery storage and advanced control systems to service full load requirements. All while driving costs down and minimizing our carbon footprint during lithium extraction and processing stage in line with Manitoba Innovation, Energy and Mines clean energy strategy.

Already a leader in developing one of the cleanest and greenest electricity systems in the world,

Manitoba has already taken bold steps to ensure our electricity production is more than 98 per cent renewable using hydro and wind resources. Manitoba is a Canadian leader in terms of renewable heat (and cooling) with 11,000 geothermal installations (source: Manitoba Clean Energy Strategy)

Figure 1 – Port of Churchill Strategically Located to serve the European market

Figure 2 – European Battery Giga-Factories

As the EV market evolves, Snow Lake’s geographical location becomes clearer as a large competitive advantage.  Our conversations with Artic Gateway Group (announced August 18, 2019) have shown that we can access their rail system by the rail head just ~30km from our property.  Once on rail, our lithium could be shipped to Europe via Port of Churchill or down to Auto Alley USA.

To learn more please visit: https://snowlakeresources.com/

To learn more please visit: https://novaminerals.com.au/

ON BEHALF OF THE BOARD

Signed

Derek Knight

VP Corp Dev

For further information, please contact:

Derek@SnowLakeResources.com

Streamlined Competent Person Statement

The information in this announcement is based on information compiled by Mr Dale Schultz. Mr Dale Schultz, Principle of DjS Consulting, who is Snow Lake Resources Chief Geologist and Director compiled the technical information in this release and is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS). Mr Schultz has sufficient experience relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person. Mr Schultz consents to the inclusion in the report of the matters based on information in the form and context in which it appears.

Snow Lake Resources confirms in the subsequent public report that it is not aware of any new information or completed data that materially affects the information being reported.

Forward-Looking Statements:

Certain statements in this document are or maybe “forward-looking statements” and represent Snow Lake’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Snow Lake Resources Ltd, and which may cause Snow Lake’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Snow Lake Resources Ltd does not make any representation or warranty as to the accuracy of such statements or assumptions.

Snow Lake Resources Advances the Thompson Brothers Lithium Project

Snow Lake Resources Advances the Thompson Brothers Lithium Project 150 150 Snow Lake Resources

Snow Lake Resources Advances the Thompson Brothers Lithium Project

  • PEA to determine expedient path to commercialization
  • Snow Lake owns 100% of the Thompson Brothers Lithium Project, located in Manitoba
  • Data review for resource update from the current 6.3mt @ 1.3 Li2O
  • Capital markets strategy

 

January 17, 2021, TORONTO, ONT.SNOW LAKE RESOURCES LTD. (“Snow Lake”, SNOW” or the “Company”) is pleased to announce it is commencing its Preliminary Economic Assessment (PEA) on the Thompson Brothers Lithium Project in Canada (the Project). This represents the next step in the process of moving from exploration towards the potential to establish commercial operations.

The PEA is expected to be completed in the coming months and will then be expanded into a Preliminary Feasibility Study (PFS) which will be used to seek funding for the development of the Project. The studies will review the test work, process design, vendor furnished equipment packages and preliminary design in addition to cost estimates for the development of a commercial spodumene floatation plant. In addition, they will examine permitting and potential environmental issues for the proposed floatation plant locations as well as operational expenditure (OPEX) and capital expenditure (CAPEX) which will be inputted into a general economic model.

Furthermore, Snow Lake has also undertaken a re-evaluation of the extensive drilling and other technical data collected over the past 50 years at the Thompson Brothers Lithium Project (Formerly known as the Viola Pegmatite Zone). This interpretation is being done in the context of considerable knowledge gained by Snow Lake on its Project in Manitoba and has highlighted excellent potential to update the resource before the PEA is finalised from the current reported resources number of 6.3mt @ 1.3 Li2O containing 86,940 tonnes of Li2O using a 0.6% Li2O cut-off grade with the deposit remains open to depth and along strike with the potential to increase the resource via future drilling. Lowering the cut off grade to add additional tonnes will also be investigated during the re-evaluation of the data.

In addition, Snow Lake has commenced a process to enable a listing of its securities on a New York exchange. Snow Lake will update its investors on the discussions and engagement of US investment banking partners that should expedite the process. Feedback continues to be positive from the US investor outreach program, with fund managers and other potential investors suggesting a US listing would make it easier for US investors to own shares in the Company, alongside a strong USA investment interest in EV related raw materials.

As previously noted, this process is a priority for the Company, given that the Project and the majority of its management are based in North America, the likely scenario that all products will be sold into the US market and the current valuations of US listed specialty industrial minerals companies.

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The Thompson Brothers Lithium Project


Thompson Brothers Lithium Project -ideally located in North America’s
Auto Alley

ON BEHALF OF THE BOARD

Signed

Phillip Gross

CEO

 

For further information, please contact:

Derek Knight, VP Corporate Development

Derek@SnowLakeResources.com

 

 

Forward-Looking Statements:

Certain statements in this document are or maybe “forward-looking statements” and represent Snow Lake’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Snow Lake Resources Ltd, and which may cause Snow Lake’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Snow Lake Resources Ltd does not make any representation or warranty as to the accuracy of such statements or assumptions.

Snow Lake Provides Further Update #6

Snow Lake Provides Further Update #6 150 150 Snow Lake Resources
Suite 2905, 77 King St W, Toronto, ON M5K 1A2

SNOW LAKE RESOURCES PROVIDES FURTHER UPDATE

Highlights

  • Exploration, metallurgical test work and PEA commenced
  • Building the Snow Lake team
  • Proposed interim financing
  • Current financial position
  • Capital markets strategy and proposed financing
  • Presentation updated and available online
  • Industry news

October 19, 2020, TORONTO, ONT. – SNOW LAKE RESOURCES LTD. (“Snow Lake”, “SNOW” or the “Company”)  is pleased to provide the following operational and corporate update:

Exploration, metallurgical test work and PEA commenced

With the current funds and the proposed fundraising described below, the Company intends to complete the Phase 2 ore sorting study which began in August 2020, as well as complete the UAV Drone survey described in our news release of October 13th, 2020. Most importantly the funds will allow the company to move the Thompson Brothers Lithium property towards PEA with phase 2 metallurgical studies commenced and Engineering, Procurement and Construction groups shortlisted.
To this end, the Company has engaged ABH Engineering’s Brent Hilscher to oversee the work.

Below is a list of technical activities that are planned for 2020-2021

Activity 1: Phase 2 Ore Sorting Study (ABH Engineering) – 2020
Activity 2: Metallurgy Test Program and Mill Design  (ABH Engineering) – 2020
Activity 3: NI43-101 Technical Report – PEA (ABH Engineering) – 2021
Activity 4: UAV Detailed Magnetometry (EarthEx) – 2021
Activity 5: Resource Drilling – 4000 metres – 2021 (Winter)
Activity 6: Prospecting/Mapping (Snow Lake Resources) – 2021
Activity 7: 43-101 Technical Report – PFS (ABH Engineering) – 2021
Activity 8: Anomaly Diamond Drilling – 4000 metres – 2021 (Fall)

Changes to management

The Board of Snow Lake advises that Mr. Derek Knight will be stepping down from his role as CEO and will assist in business development through this transformational period as further described later in this update.
The Board wishes to extend its sincere thanks to Derek, who led the Company through a challenging period in the lithium market and a difficult operating environment. Importantly, Derek led a process that achieved a favourable restructure that has put Snow Lake in the position to now capitalise on the fundamental shift to Lithium in the North American market.
The company will be providing further updates as we finalise the appointments of the incoming CEO and COO. The board is seeking officers that it believes will be the best fit for the Company in its current stage with a focus on achieving  a NASDAQ listing and simultaneously advancing the project to production.

Presentation
The presentation has been updated and is available to be viewed at http://snowlakeresources.com/presentation/

Current Financial Position

As of business close October 16, 2020 the Company’s cash position was;
Cash – $65,116.24
Liabilities – $288,819.05 (These debts are from persons and other company’s friendly to the Company.  Some of the debt is to be settled during the next equity financing, whereas ~$206,000 is a result of the company formation and are not currently requested to be repaid.  All of the debt is interest free.)

Current shares OS – 65,040,072
Warrants (@30c – 45c) – 2,679,650
Options (@ 50c) – 3,300,000

Capital Markets Strategy and Proposed Financing

Following a comprehensive analysis and discussion, the Snow Lake board has decided to bypass the TSX and CSE in favour of listing the Company directly onto NASDAQ. Our reasoning behind this decision was multi-faceted, but the key determinants were:

  • Valuation: the board believes that Snow Lake would command a higher valuation at IPO on NASDAQ vs. TSX and CSE, resulting in significantly less dilution, and potentially a more favourable outcome for shareholders. This view is supported by the superior forward multiples existing on NASDAQ (PE and EV/EBITDA).

 

  • Further supporting the above, Snow Lake will gain maximum market advantage by positioning itself as a technology materials provider with a secure supply chain, as opposed to a miner. NASDAQ connotes “technology” and immediately reflects this proposition. This would provide Snow Lake with a differential advantage in North American markets.

 

  • Consolidation in this sector is a very real possibility for Snow Lake, but this requires a platform offering universal appeal. A NASDAQ listing affords Snow Lake the opportunity to target a global investor base and immediately establish significant US liquidity; necessary to target companies and asset owners interested in an equity based takeout.

 

  • Snow Lake’s assets are in North America and many of its potential customers are based in the US. The US Markets provide natural proximity to our asset base and potential supply chain partners.

 

  • The TSX and CSE have seen a profusion of small cap “battery mineral” companies, This dynamic does not presently exist on NASDAQ, which provides us the opportunity to be one of a handful “pure play” lithium companies.

Snow Lake is currently in discussion with investment bankers who have expressed interest in working with Snow Lake on its NASDAQ listing.

Separately, Snow Lake is currently raising a bridge note in the amount of $500,000. The note will be an unsecured convertible note led by one of the existing investors. The round will be open to eligible current shareholders, and will potentially include one or two strategic institutional investors.
Shareholders who would like to participate are encouraged to reach out via email to derek@snowlakeresources.com before November 15, 2020.

The basic terms of the note will be as follows
Raise amount – ~$500,000
Loan type – Convertible Unsecured loan
Conversion price – 20% below the next qualified offering price.
Interest – the greater of 12% p.a. or WSJ prime +7% payable upon maturity
Maturity – 24 months
Eligibility – Accredited Investors or Investors who meet an exemption status.
Minimum investment – $25,000

Exciting times lay ahead for Snow Lake, not only with respect to the NASDAQ listing, but also in relation to our strategy to supply lithium to the North American market.

It is our intention to conduct a series of investor presentations in coming weeks and to provide further updates to investors. Please do not hesitate to contact derek@snowlakeresources.com should you wish to discuss any aspect of the above.

Industry news

Snow Lake Resources is strategically located along a rail route, and accessible to the major Automobile Manufacturers in North America.
The Canadian Government has announced plans to establish an entire industrial chain, from mining to battery manufacturing and production of EVs, as part of its post‐pandemic economic recovery strategy.

Already, the Canadian and Ontario governments have reached agreements to partner with Ford Motor Co. to invest C$1.95 billion in its Oakville and Windsor plants, with the deal including C$1.8 billion dedicated to the production of five EVs as well as battery assembly.

“Today, the discussion starts about how we use our lithium in Québec; our nickel in Sudbury; our cobalt in northern Ontario; our aluminum from Québec and British Columbia – to put Canadians to work,” Unifor President Jerry Dias said Tuesday.

Among the world’s top 10 vehicle producers, Canada produced more than 1.3 million vehicles in 2016, employing 130,000 workers, according to the Canadian Vehicle Manufacturers’ Association.

The announcement by the Canadian Government has highlighted the potential for the nation to play a leading role in the EV revolution, requiring secure supplies of key battery materials such as lithium from within its own borders.

Meanwhile in Québec, Economy Minister Pierre Fitzgibbon has stated the province is ready to invest up to C$1.4 billion to establish its battery sector, with projections of total investment exceeding C$7 billion.   “Once and for all, we are going to take our natural resources and transform them into a value‐added product,” Mr Fitzgibbon told Le Journal de Québec.

These government moves follow the Tesla ‘Battery Day,’ in which the leading EV maker emphasized its plans to source its clean and green lithium supply from North America. Benchmark Mineral Intelligence has estimated Tesla’s 3 terawatt‐hour battery capacity target alone would require an additional 2 million tonnes per annum of lithium by 2030.

Tesla recently announced plans to invest in lithium mining.
https://financialpost.com/commodities/mining/tesla-aims-to-mine-its-own-lithium-in-nevada-after-dropping-plan-to-buy-miner
Tesla signs a five-year deal to have access to up to 1/3rd of Piedmonts lithium supply
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2224-nasdaq/pll/85255-piedmont-lithium-signs-sales-agreement-with-tesla.html

ON BEHALF OF THE BOARD

Signed “Derek Knight”
Derek Knight
Interim CEO

For further information, please contact:
Derek Knight
Derek@SnowLakeResources.com

Forward-Looking Statements:
Certain statements in this document are or maybe “forward-looking statements” and represent Snow Lake’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Snow Lake Resources Ltd, and which may cause Snow Lake’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Snow Lake Resources Ltd does not make any representation or warranty as to the accuracy of such statements or assumptions.

Snow Lake Resources Provides Thompson Brothers Lithium Update #5

Snow Lake Resources Provides Thompson Brothers Lithium Update #5 150 150 Snow Lake Resources

Suite 2905, 77 King St W, Toronto, ON M5K 1A2

SNOW LAKE RESOURCES PROVIDES THOMPSON BROTHERS LITHIUM PROJECT EXPLORATION UPDATE

Highlights

  • Snow Lake owns 100% of the Thompson Brothers Lithium Project, located in Manitoba
  • The program is being jointly funded by the Company and the Manitoba Mineral Development Fund (MMDF) managed by the Manitoba Chamber of Commerce
  • The 2020 winter field activity will focus on completing a Drone (UAV) high-resolution survey over the Spodumene bearing Pegamities at the Thompson Brothers Lithium deposit

October 13, 2020, TORONTO, ONT. – SNOW LAKE RESOURCES LTD. (“Snow Lake”, “SNOW” or the “Company”) is pleased to announce that the field work program planned at the Thompson Brothers Lithium project in Manitoba for this winter has been scheduled to begin. The Company is further pleased to announce that the newly formed Manitoba Mineral Development Fund (MMDF) will jointly fund this new exploration effort within the region.

See URLS https://mbchamber.mb.ca/initiatives-resources/mmdf/ for full details on the MMDF initiatives in Manitoba.

As part of the winters activities, the Company has retained the service s of EarthEx Geophysical Solutions Inc. of Selkirk Manitoba (https://eexgeo.com/) to fly a Drone (UAV) high-resolution magnetic survey over the Snow Lake Resources land holdings in Northern Manitoba.
Property testing and analysis of the Host rocks and lithium bearing Pegmatites from the Thompson Brothers Lithium (TBL) deposits (6.7 million tonnes at 1.34% Li2O) has shown that the Spodumene bearing Pegmatite to have magnetic susceptibilities significantly lower than the surrounding Host rocks. Inspection of the available regional magnetic data in and around the TBL deposit has shown that the Spodumene bearing Pegmatite were also located within “magnetic lows”.
Flying a high-resolution magnetic survey over the concessions will help define addition “magnetic lows” for future follow up by prospecting and diamond drilling that will lead to the discovery of additional tonnes thereby adding to the resource base of this project.

Derek Knight CEO stated:
“With the help of a grant from the Manitoba Mineral Development Fund we are pleased to have our technical team and consultants further defining the potential of the Thompson Brothers Lithium Project.  With current developments in the North American Lithium market with Tesla’s planned disruption of the supply chain, we couldn’t be more excited to show the potential we have to the industry.”

The Company is also grateful to the following business and entities that supplied letters of support for this project:

3D Magnetic Image and EarthEx’s Drone flying high-resolution magnetic survey

Thompson Brothers Lithium Project ideally located to USA’s auto alley


For further information, please contact:

Derek Knight

Derek@SnowLakeResources.com

 

Forward-Looking Statements:
Certain statements in this document are or maybe “forward-looking statements” and represent Snow Lake’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Snow Lake Resources Ltd, and which may cause Snow Lake’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Snow Lake Resources Ltd does not make any representation or warranty as to the accuracy of such statements or assumptions.

Snow Lake, DRA and Steinert investigate ore sorting at lithium project

Snow Lake, DRA and Steinert investigate ore sorting at lithium project 150 150 Snow Lake Resources

Find Original Here –> https://im-mining.com/2019/11/12/snow-lake-dra-and-steinert-investigate-ore-sorting-at-lithium-project/ 

 

International Mining

Snow Lake Resources is the latest company to eye up ore sorting to reduce costs and increase productivity, with the exploration company asking DRA Global to come up with an effective strategy for its Thompson Brothers lithium project, in Manitoba, Canada.

Brent Hilscher of DRA will be in charge of this ore sorting project, examining the best laser or X-ray method to help separate out waste material from the spodumene pegmatite at Thompson Brothers, thereby increasing the overall grade of the final product at a low cost per tonne.

Snow Lake has collected 120 scoping samples from the company’s drill core library as part of this test work, with these samples to be sent to Steinert in Kentucky, USA, for analysis.

The company also created four bench test “bulk samples” from the existing core library, which will be used as trial material at Steinert on a full-scale ore-sorting machine once DRA Global concludes the appropriate algorithm for sorting, it said.

As part of the ore-sorting strategy, the company says it will need a higher degree of understanding of the mineral assemblage of the spodumene pegmatites at its project.

The company has, so far, collected nine core samples from the company’s core library and left them with the Saskatchewan Research Council (SRC) in Saskatoon, Canada. These samples will go through QEM-SCAN petrography analysis at SRC, providing DRA with a report on the mineral assemblage of the pegmatite.

From the nine samples, the company will select three samples for microprobe analysis of the various mineral phase.

Snow Lake said: “These studies will give the company an understanding of the mineral chemistry of the feldspar phases. This will help support the X-ray sorting works, as there may be a chemical element that the X-ray sorter can focus on to eliminate the feldspars from the spodumene pegmatite feed.”

As part of a bulk sample program for 2020, the company will also provide samples to SRC to conduct acid–base accounting testing to help assess the acid-producing and acid-neutralising potential of rocks prior to large-scale excavations at the project.

Snow Lake is expecting to publish a maiden indicated resource on the Thompson Brothers project in the near term, given that the company, its consultants and external laboratories have all the data in hand for the study.

Thompson Brothers Lithium Project Update #4

Thompson Brothers Lithium Project Update #4 150 150 Snow Lake Resources

Suite 2905, 77 King St W, Toronto, ON M5K 1H1

 

THOMPSON BROTHERS LITHIUM PROJECT UPDATE

 

Highlights

 

  • Internal scoping assessment and off take discussion ongoing
  • Canmine Consultants as Independent Resource Consultant in support of Maiden NI43-101 resource report
  • Engaged Brent Hilscher of DRA Global for proprietary Ore Sorting algorithm
  • Permit process underway for bulk test sampling
  • Letter of Intent signed with local Contractor for bulk test sampling test works and contract mining

November 6, 2019, TORONTO, ONT. – SNOW LAKE RESOURCES LTD. (“Snow Lake”, “SNOW” or the “Company”) is pleased to provide an operational update on the Thompson Brothers Lithium Project in Manitoba, Canada.

 

Operational Update

On Oct 12, 2019 Frank Hrdy of CanMine brought his Differential GPS to Snow Lake Manitoba to the Thompson Brothers Lithium project site to survey the drill holes. Not all holes were surveyed due to hole inaccessibility.  Those which could not be accessed will be surveyed during the winter months. The bulk of the holes that cover the heart of the resources were located and surveyed and this data will be used to support the maiden NI43-101 Indicated Resource estimate.

Site Visit – In addition to the survey of drill collars, Frank Hrdy of CanMine has now completed a site visit at the same time. As part of his site visit Frank was able to use the DGPS and survey the perimeter of the surface exposure of the central spodumene dyke. This exposure falls within the deposit domain defined by the block modeling. This survey will be used to define the geometry of the Bulk test pit sampling.

Core Logging/External Lab Check – All the infill core logging and core cutting requested by Frank Hrdy of CanMine consulting was completed. Snow Lake now has all the ICP chemistry back from The Saskatchewan Research Council (SRC). This data will be used to additionally support the planned maiden NI43-101 Indicated Resource estimate. As a last step Frank has recommended a subset of samples from our TBL core library be sent to SGS (SGS are experts at the world’s leading testing, inspection, verification and certification company) as an external laboratory check on the analytical results produced by SRC. These samples have now been pulled by SRC and sent to SGS for testing.

Indicated Resource Study – Now that Snow Lake, its consultants and external laboratories have all the data in hand for the resource study, Snow Lake Resources will now process and validate all collected data. Once this phase of data verification has been completed we will pass the data back to CanMine for the final models and publication of a NI43-101 Indicated Resources. This will be completed over the next few weeks.

Ore Sorting – Snow Lake engaged Brent Hilscher of DRA Global. DRA Global is a diversified global engineering, project delivery and operations management group. DRA will assist in the design of an effective Ore-Sorting strategy for the Thompson Brothers Lithium Project. Ore Sorting utilizes Lasers and X-rays to help separate out waste material from the Spodumene Pegmatite thereby increasing the overall grade of the final product at a low cost per tonne. Snow Lake has collected 120 scoping samples from the company’s drill core library. These will be sent to Steinert (A global leader in separation technology solutions for the scrap, waste, recycling and mining industries) in Kentucky for analysis. The company also created four- (4) bench test “Bulk Samples” from the existing core library. This will be used as trial material at Steinert on a full-scale ore-sorting machine once DRA Global concludes the appropriate algorithm for sorting.

Saskatchewan Research Council – As part of the Ore-Sorting strategy the company will need a higher degree of understanding of the mineral assemblage of the Spodumene Pegmatites. The company has collected nine core samples from the company’s core library and left them with SRC in Saskatoon. They will commence a QEM-SCAN petrography analysis of the core sample and provide DRA a report on the mineral assemblage of the pegmatite. From the nine samples the company will select three samples for microprobe analysis of the various mineral phase. These studies will give the company an understanding of the mineral chemistry of the feldspar phases. This will help support the X-Ray sorting works, as there may be a chemical element that the X-Ray sorter can focus on to eliminate the feldspars from the spodumene pegmatite feed.

As part of the Bulk Sample program for 2020, the company will also provide samples to SRC to conduct ABA testing.  Acidbase accounting (ABA) is an analytical procedure that provides values to help assess the acid-producing and acid-neutralizing potential of rocks prior to large-scale excavations.

Blast Pit/Bulk Sample – Furthermore, now that the company has the DGPS data in hand, the company can construct an ore outline that can be used in the Bulk Sample as part of the blast pit. The company has had some initial contacts with the Mines Branch on requirements for an Advanced Exploration Permit (AEP); with drafting the AEP the company will incorporate all considerations for Environmental Protection and Closure Plans. Submissions to the Mines Branch are expected to be lodged in due course.

Strilkiwski Contracting Ltd – Snow Lake has signed a non-binding Letter of intent with Strilkiwski Contracting Ltd. The purpose of this letter (the “Letter of Intent”) is to set forth an understanding between Snow Lake Exploration Ltd. (a wholly owned subsidiary of Snow Lake Resources Ltd.) and Strilkiwski Contracting Ltd. for the upcoming 2019/20 blast pit, permitting and mine closure permits on its Thompson Brothers Lithium Project and allow the ability of both parties to share information. Snow Lake Exploration Ltd. and Strilkiwski Contracting Ltd. will additionally in good faith negotiate a potential ongoing Engineering, Procurement and Construction (EPC) contract for further mining upon mine approvals and scope of works established. Our aim with this LOI is to further our relationship and begin the possibility of formally signing binding contracts.

Strilkiwski Contracting Ltd. is in the business of supplying, processing and distributing of aggregate materials as well as a variety of road building services and other heavy civil construction activities throughout central, western and northern Manitoba. They have a proactive approach toward safety and believe it should be a number one priority.

Snow Lake Exploration Ltd. is currently working with government bodies to obtain relevant approvals for a 10,000 tonne blast pit operation and will seek to potentially sign formal documentation and contracts upon these permits being secured.

Tanco Mine Off Take – Dale Schultz and Christopher Gerteisen conducted a field trip to Southern Manitoba Tanco mining district. The purpose was to meet with Tanco Mining Corporation of Canada Limited officials and map out a future working relationship between Snow Lake Resources and Tanco Mining Corporation of Canada Limited in line with the Memorandum of Understanding (MoU) signed on 2 August 2019 (ASX announcement: 2 August 2019).

The conclusion from the meeting was that Tanco Mining Corporation of Canada Limited would take any and all spodumene material that Snow Lake could deliver to the Tanco rail siding in Molson Manitoba.  A pricing mechanism has not been reached at this stage although discussions are ongoing to describe a formal off take agreement. This material will be used as part of the floatation testing at the Tanco plant and in the fast track cash flow proposition for Snow Lake Resources by providing this Direct Ship Ore (DSO) product.

Core Shack and Housing – The company has now moved it’s core to a new facility owned by a Company which consults to Snow Lake Resources.  This decision is in line with the Company’s movement from an exploration to pre-production company.

CEO, Derek Knight, comments, “In a very short time, our team has provided the technical work to bring a NI43-101 indicated resource to the market in the next few weeks; Had discussions with Tanco to receive the Thompson Brothers Lithium Spodumene, and the rail company to ship it there.  We have met with Brokers and financers on initial discussions on production funding. Our Technical team has worked diligently to prepare ore sorting analysis and strategies to concentrate this resource in the most efficient way possible and has begun discussions on the equipment and contracting required to do just that.  This team has worked hard for our shareholders to bring this property to production as quickly as possible and I am very proud of what they have all accomplished.  We all look forward to what 2020 will bring and what Snow Lake Resources can achieve.”

ON BEHALF OF THE BOARD

Signed “Derek Knight”

Derek Knight

CEO

For further information, please contact:

Derek Knight

Derek@SnowLakeResources.com

 

 

Forward-Looking Statements:

Certain statements in this document are or may be “forward-looking statements” and represent Snow Lake’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Snow Lake Resources Ltd, and which may cause Snow Lake’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Snow Lake Resources Ltd does not make any representation or warranty as to the accuracy of such statements or assumptions.

 

 

Initial Logistics Assessment for the Thompson Brothers Lithium Project

Initial Logistics Assessment for the Thompson Brothers Lithium Project 150 150 Snow Lake Resources

Highlights

  • The Company is in preliminary discussions with Arctic Gateway Group for capacity to the Tanco mine and Port of Churchill
  • Logistics solution assessment to further boost the Thompson Brothers Lithium Project as a Canadian Tier 1 lithium deposit
  • Opportunity to further de-risk Snow Lake ’s low capex, clear path to production and cash flow strategy

 

August 18, 2019, TORONTO, ONT. – SNOW LAKE RESOURCES LTD. (“Snow Lake”, “ SNOW” or the “Company”) is pleased to advise that following the signing of the Memorandum of Understanding (MoU) with Tanco Mining Corporation of Canada Limited, the Company has entered into preliminary discussions with the Arctic Gateway Group (which is owned by First Nations and communities, Fairfax and AGT Food and Ingredients) the owners of Hudson Bay Railway for future capacity to the Tanco mine as part of the Company’s initial logistics assessment. The Hudson Bay Railway, which runs north from the Pas Manitoba to Churchill Manitoba, has the capacity to transport commercial tonnages of Spodumene. The results of the assessment will be utilized by the Company in the ongoing development and assessment of the Thompson Brothers Lithium project

1

Figure 1 Rail Distance to Tanco Mine

The Company is committed its fast track development strategy for a low capex,

2

Figure 2 Rail Distance to Port of Churchill

Snow Lake now intends to keep an open dialogue with the Arctic Gateway Group over the coming months with site visits planned with the view to progress to formal rail capacity. Snow Lake will now commence internal studies and the approval process in order to deliver ore to the railhead or Highway 39. Snow Lake has multiple options to route the ore to the railhead through delivering ore on an established winter road route, barge or slurry pipeline direct from mine gate (figure 2 and 3). The Company intends to further investigate a simple mining operation with an ore sorting facility at the Thompson Brothers Lithium Project and haul out to the Tanco mine an upgraded material at up to a possible 3% Spodumene (subject to further and ongoing test work) or for delivery to the European market through the Port of Churchill or a combination of the two.

3

Figure 3 Conceptual Slurry Pipeline to railhead

4

Figure 4 – Proposed Slurry Polyethylene Pipeline Installation

Snow Lake CEO, Derek Knight commented Snow Lake will look to further de-risk the infrastructure requirements for the delivery of first direct shipping ore to Tanco through these preliminary discussions and site meetings, although not our only option to fast track our development, it certainly is a great opportunity we are pursuing quite rapidly.”

 

“ These preliminary discussions all form part of our proactive approach to fast track development strategy and supports our low capex, clear strategy and pathway to production and cash flow for the Thompson Brothers Lithium Project.

 

“A lot of work ahead of us although with these rapid developments, we are committed to becoming one of the first, if not the first lithium company to produce spodumene in Canada through the Tanco mine which will both benefit the communities of the Town of Snow Lake, Winnipeg, Churchill and surrounding areas .”

 

ON BEHALF OF THE BOARD

 

Signed “Derek Knight

 

Derek Knight

 

CEO

 

For further information, please contact:

 

Derek Knight

 

Derek@SnowLakeResources.com

CEO Interview – Edison Group

CEO Interview – Edison Group 150 150 Snow Lake Resources

Find Original Here –>https://www.edisongroup.com/edison-tv/executive-interview-snow-lake-resources/

Snow Lake Resources is a private lithium development company that is seeking to move its Thompson Bothers spodumene project into near-term and low-capex production. The Thompson Brothers deposit is located in Snow Lake in Manitoba, Canada. The project has a Historic JORC compliant mineral resource estimate of 6.3mt at a high lithium grade of 1.38% Li2O. The company has recently signed a memorandum of understanding (MOU) with Tanco that could see the project fast-tracked using Tanco’s spodumene flotation circuit, also located in Manitoba, Canada. Snow Lake is currently in the process of listing on the Canadian Stock Exchange.

My Take on Snow Lake

My Take on Snow Lake 150 150 Snow Lake Resources

Original Located Here –>https://www.thompsoncitizen.net/opinion/columnists/my-take-on-snow-lake-aug-9-2019-1.23910610

Toke Mountain (My Take on Snow Lake, Aug. 9, 2019)

A stockpile of arsenic-bearing material known locally as ‘Toke Mountain,’ highlighted in red, is located just East of the Snow Lake Mine Mill.
Photograph By JIM PARRES

 

This week’s column cobbles together a raft of local mining announcements, which have accumulated over the last month or so.

Firstly, earlier in July, BacTech Resources announced that the company had signed a letter of intent with GMR Inc. to license BacTech’s proprietary bioleach technology as part of an effort to develop a viable metallurgical solution to process a government owned stockpile of a-bearing material at Snow Lake. The company further announced that it would collaborate with Dundee Sustainable Technologies (DST) as a technology partner in developing a potential solution for problems encountered in their December 2011 proposal to remediate the stockpile.

Those problems were: a dramatic drop in the price of gold at the time, prohibitive costs in bring the iron to arsenic ratio to a proper processing level, limestone suitable to be used in the process wasn’t available in the quantity required locally.

“Our return to Snow Lake is predicated on Dundee Sustainable Technologies providing a solution to the unstable arsenic product we generated in our earlier work that killed the project,” said Ross Orr, CEO of BacTech. “The stockpile has a deficiency in iron, leading an unstable ferric arsenate product after bioleaching. By passing this unstable material to be vitrified the arsenic can be safely disposed. We look forward to re-engaging in the Snow Lake project.”

The second announcement came from Rockcliff Metals Corporation and is very good news indeed. On Aug. 1 Rockcliff announced that a 100,000 metre drill program will commence in August and continue non-stop to December of 2020.

“We look forward to the start of the largest drill program in Rockcliff’s history,” said Rockcliff’s President and CEO Alistair Ross.  “The objectives of this very large drill program are to expand existing resources at several of our deposits, assist in advancing several of our key projects through the pre-feasibility phase, as well as to explore for significant new grass roots discoveries on our very prospective land position. The success of the drill program will be an integral part of Rockcliff’s growth strategy as we work to transition the company into Manitoba’s next mining company.”

Initial drilling will commence on the Company’s Rail and Bur properties, followed by drilling on its Talbot and Tower properties located south of Snow Lake. A minimum of five drills will be deployed in August to carry out this phase of the drill program. This phase of the drill program will total approximately 50,000 metres and is scheduled to be completed by the end of 2019.  Between the start of drilling next month and the end of 2020, drilling is also planned on numerous grass roots targets and at least eight other properties currently held by the Company that are known to host VMS mineralization.

CYR Drilling International Ltd. from Winnipeg, Manitoba and Westcore Drilling Limited from Snow Lake, Manitoba were awarded drilling contracts by the Company.

Also on Aug.1, but with news of an unfavourable variety, Hudbay Minerals Inc. announced that the U.S. District Court for the District of Arizona issued a ruling in the lawsuits challenging the U.S. Forest Service’s issuance of the Final Record of Decision (FROD) for the company’s Rosemont project in Arizona.

The Court ruled to vacate and remand the FROD such that Rosemont cannot proceed with construction at this time. The company believes that the Court misinterpreted federal mining laws and Forest Service regulations as they apply to Rosemont and will appeal the Court’s decision to the U.S. Ninth Circuit Court of Appeals.

“We are extremely disappointed with the Court’s decision,” said Peter Kukielski, Interim President and Chief Executive Officer. “We strongly believe that the project conforms to federal laws and regulations that have been in place for decades. We will be appealing the decision as we evaluate next steps for the Rosemont Project.”

Finally, Snow Lake Resources has signed a Memorandum of Understanding (MOU) with Tanco Mining Corporation of Canada to fast track their Thompson Brothers Lithium Project.

Under this MOU, Tanco Mining and Snow Lake Resources will work collaboratively to explore all possible collaborations, with the view of delivering economic benefits to both parties. The agreement identifies a range of initiatives that may be pursued, including investigating processing of the Thompson Brothers material utilizing the Tanco infrastructure and Tanco supporting financing options for project infrastructure. In addition, other means will be investigated to maximize local employment with added economic benefits for the Town of Snow Lake, Winnipeg and environs, which headquarter each operation.