Winnipeg. Manitoba--(Newsfile Corp. - December 20, 2023) - Snow Lake Resources Ltd., d/b/a Snow Lake Lithium (NASDAQ: LITM) ("Snow Lake" or the "Company") is pleased to announce that it has entered into a binding letter of intent ("LOI") with ACME Lithium Ltd. ("ACME Lithium") to acquire a 90% undivided interest in a group of mineral claims 100% owned by ACME that adjoin the Tanco lithium mine in Southern Manitoba (the "Project").
Highlights
- 31 mineral claims directly adjoining the Tanco lithium mine in Southern Manitoba
- First Stage Option to acquire a 51% interest in the Project upon incurring CAD$600,000 in exploration expenditures within the next 12 months
- Second Stage Option to acquire an additional 39% interest in the Project upon incurring an additional CAD$1,200,000 in exploration expenditures within the next 24 months
- ACME Lithium retains a 10% free-carried interest in the Project
CEO Remarks
"We are extremely pleased to have entered into this letter of intent with ACME Lithium Ltd. for a large, highly prospective land position immediately adjacent to the Tanco Mine," commented Frank Wheatley, CEO of Snow Lake. He continued: "This agreement with Acme Lithium reflects our disciplined approach to expanding our portfolio of Manitoba lithium projects to complement our Snow Lake Lithium project."
Agreement to Acquire Mineral Claims Adjacent to Tanco Mine
Snow Lake and ACME Lithium have entered into a binding letter of intent (the "LOI") with respect to 37 mineral claims 100% owned by ACME Lithium with 31 that adjoin the southern boundary of the Tanco lithium mine in Southern Manitoba.
The project (the "Shatford Lithium Project") consists of the following mineral claims:
- Shatford Lake: 21 claims totalling 8,883 acres (3,595 hectares)
- Birse Lake: 10 claims totalling 5,196 acres (2,102 hectares)
- Cat-Euclid: 6 claims totalling 2,930 acres (1,186 hectares)
Key terms of the LOI are included in Appendix A.
Shatford lake Project
The Shatford Lake and Brise Lake mineral claims are set forth on the map below:
The Cat Lake / Euclid Lake mineral claims are set forth on the map below:
Geological Setting of Shatford Lithium Project
The Shatford Lithium Project straddles a 15 kilometers long structural trend of the Greer-Shatford Shear Zone with numerous pegmatite dykes and favorable host rocks. It is situated in the southern limb of the Bird River greenstone belt in southeastern Manitoba. The region hosts hundreds of individual pegmatite bodies, many of which are classified as complex rare-element Lithium-Cesium-Tantalum (LCT) pegmatites — known to account for a quarter of the world's lithium production.
The northeast corner of the Shatford Lithium Project borders the mineral lease of the Tanco mine, with the Buck, Pelgi, and Dibs pegmatites nearby.
Proposed Work Program
Snow Lake intends to build upon the prior work undertaken by ACME Lithium on the Project, and its immediate focus will be to undertake a detailed review of all data, samples, assays and reports prepared by ACME Lithium. Upon completion of that review, Snow Lake will design an exploration program to both build upon ACME Lithium's work, and to undertake a regional exploration program over the balance of the Project to identify potential drill targets.
Snow Lake also intends to use the services of Critical Discoveries to assist in reviewing ACME Lithium's exploration data, as well as to provide input to the development of the 2024 exploration program on the Shatford Lithium Project.
Tanco Mine
Tantalum Mining Corporation of Canada Ltd. ("Tanco") is 100% owned and operated by Sinomine (Hong Kong) Rare Metals Resource Co., and operates the Tanco mine located on the northwest shore of Bernic Lake, Lac du Bonnet, Manitoba. The Tanco mine pegmatite orebody was discovered in the late 1920's and the Tanco mine has been in commercial operation producing lithium in Manitoba for more than 50 years. In addition to lithium concentrate for the lithium battery market, the Tanco mine produces cesium-based products for the North American market.
More Information
For more information on ACME Lithium, refer to their website at .
For more information on Tanco, refer to their website at .
About Snow Lake Resources Ltd.
Snow Lake is a Canadian lithium development company listed on NASDAQ: LTIM with 2 hard rock lithium projects, the Thompson Brothers project and the Grass River project (together the "Snow Lake Lithium Project"), in the Snow Lake region of Northern Manitoba. Snow Lake is focused on advancing the Snow Lake Lithium Project through subsequent phases of development and into production in order to supply the North American electric vehicle and energy storage markets.
The wholly owned Snow Lake Lithium Project now covers a 59,587 acre site that has only been 1% explored and contains an identified-to-date 8.2 million metric tonnes measured, indicated and inferred resource at between 0.99% and 1.13% Li2O.
Forward-Looking Statement This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995. that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements, including without limitation statements with regard to Snow Lake Lithium. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward- looking statements are based on Snow Lake Resources Ltd.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Some of these risks and uncertainties are described more fully in the section titled "Risk Factors" in our registration statements and annual reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. undertakes no duty to update such information except as required under applicable law.
For more information, please contact:
Investors: ir@snowlakelithium.com
Media: media@snowlakelithium.com
Twitter: @SnowLakeLithium
Schedule A — Key Terms of the Agreement
Snow Lake and ACME Lithium have entered into a binding letter of intent ("LOI") on the following key terms and conditions.
1. Project: The Shatford Lithium Project, located in Southern Manitoba, consists of 37 mineral claims 100% owned by ACME Lithium and described in Schedule B.
2. Letter of Intent: Snow Lake and ACME Lithium have entered into the LOI, which provides:
- payment of CAD$20,000 upon signing the LOI for an exclusive 30 calendar day period; and
- payment of CAD$130,000 upon singing an option agreement (the "Option Agreement")
3. Option
ACME Lithium will grant Snow Lake the option (the "Option") to earn up to a 90% undivided interest in the Shatford Lithium Project upon the following terms and conditions:
a) First Stage Option
Snow Lake will have the option (the "First Stage Option") to earn a 51% undivided interest in the Shatford Lithium Project upon:
- incurring exploration expenditures of a minimum of CAD$600,000 on the Shatford Lithium Project within 12 months of signing the Option Agreement; and
- payment to ACME Lithium of an additional CAD$150,000 in cash on or before the first anniversary of signing the Option Agreement
b) Second Stage Option
After exercise of the First Stage Option, Snow Lake will have the option (the "Second Stage Option") to earn an additional 39% undivided interest in the Shatford Lithium Project upon:
- incurring additional exploration expenditures of a minimum of CAD$1,200,000 on the Shatford Lithium Project within 24 months of signing the Option Agreement; and
- payment to ACME Lithium of an additional CAD$200,000 on or before the second anniversary of signing the Option Agreement
Any expenditures incurred by Snow Lake in excess of the minimum expenditures required to exercise the First Stage Option will be credited or carried forward against the expenditure commitment for the Second Stage Option.
4. Formation of Joint Venture
Once Snow Lake has earned a 90% undivided interest in the Shatford Lithium Project, and completed a positive feasibility study on the Shatford Lithium Project, a joint venture (the "Joint Venture") between Snow Lake and ACME Lithium will be formed for the further development of the Shatford Lithium Project, the detailed market standard terms and conditions of which will be agreed at the time of formation of the joint venture.
5. Interests in Joint Venture
Upon formation of the Joint Venture:
- Snow Lake will hold a 90% interest, and ACME Lithium will hold a 10% interest in the Joint Venture;
- Snow Lake's interest will be a 90% participating interest in the Joint Venture, and Snow Lake will fund 100% of all expenditures until the completion of a positive feasibility study on the Shatford Lithium Project; and
- ACME Lithium's interest will be a 10% free carried interest, without the need to contribute to expenditures until the completion of a feasibility study on the Shatford Lithium Project.
6. Right of First Refusal
Once the Option Agreement is signed, Snow Lake will have a right of first refusal (the "ROFR") to acquire ACME Lithium's 10% free carried interest in the Shatford Lithium Project if ACME Lithium decides to dispose of its interest in the Shatford Lithium Project pursuant to an unsolicited bona fide third-party offer.
7. Royalty
The Euclid-Cat Lake and Shatford Lake mineral claims are subject to a 2% gross overriding royalty on lithium or other metals in favour of Lithium Royalty Corporation.
Schedule B — Mineral Claims
CLAIM NAME | NUMBER | DATE | HECTARES | EVENT # |
ACME 1 | MB13931 | SEPT16/21 | 256 | 522669 |
ACME 2 | MB13932 | SEPT16/21 | 247 | 522658 |
ACME 3 | MB13933 | SEPT17/21 | 168 | 522667 |
ACME 4 | MB13934 | SEPT18/21 | 152 | 522671 |
ACME 5 | MB13935 | SEPT18/21 | 139 | 522668 |
ACME 6 | MB13936 | SEPT17/21 | 220 | 522672 |
ACME 7 | MB13937 | SEPT22/21 | 180 | 522830 |
ACME 8 | MB13938 | SEPT22/21 | 132 | 522840 |
ACME9 | MB13939 | SEPT21/21 | 92 | 522841 |
ACME 10 | MB13940 | SEPT21/21 | 120 | 522831 |
ACME 11 | MB13941 | SEPT23/21 | 182 | 522832 |
ACME 12 | MB13942 | SEPT23/21 | 156 | 522842 |
ACME 13 | MB13943 | SEPT24/21 | 208 | 522843 |
ACME 14 | MB13944 | SEPT24/21 | 140 | 522833 |
ACME 15 | MB13945 | SEPT25/21 | 248 | 522834 |
ACME 16 | MB13946 | SEPT25/21 | 192 | 522844 |
ACME17 | MB13947 | SEPT26/21 | 163 | 522845 |
ACME 18 | MB13928 | OCT 1/21 | 210 | 522846 |
ACME 19 | MB13949 | SEPT29/21 | 192 | 522847 |
ACME 20 | MB13950 | SEPT30/21 | 240 | 522848 |
ACME 21 | MB13951 | SEPT29/21 | 192 | 522835 |
ACME 22 | MB13952 | SEPT30/21 | 240 | 522836 |
ACME 23 | MB13953 | SEPT26/21 | 142 | 522837 |
ACME 24 | MB13954 | SEPT28/21 | 160 | 522849 |
ACME 25 | MB13955 | SEPT28/21 | 160 | 522838 |
ACME 26 | MB13926 | SEPT27/21 | 111 | 522850 |
ACME 27 | MB13927 | SEPT27/21 | 135 | 522839 |
ACME 27 | MB13927 | SEPT27/21 | 135 | 522839 |
ACME 28 | MB14707 | MAR14/23 | 256 | 549435 |
ACME 29 | MB14708 | MAR14/23 | 182 | 549436 |
ACME 30 | MB14709 | MAR14/23 | 64 | 549437 |
ACME 31 | MB14704 | FEB06/23 | 224 | 546505 |
ACME 32 | MB14705 | FEB10/23 | 234 | 547020 |
ACME 33 | MB14706 | MAR14/23 | 245 | 549430 |
ACME 34 | MB14701 | MAR14/23 | 239 | 549431 |
ACME 35 | MB14702 | MAR14/23 | 247 | 549434 |
ACME 36 | MB14703 | FEB06/23 | 256 | 546503 |
ACME 37 | MB14710 | MAR14/23 | 140 | 549438 |
To view the source version of this press release, please visit
温尼伯。曼尼托巴省--(Newsfile Corp.,2023 年 12 月 20 日)-雪湖资源有限公司,d/b/a Snow Lake Lithium(纳斯达克股票代码:LITM)(”雪湖“或者”公司“) 很高兴地宣布,它已经签订了一份具有约束力的意向书 (”LOI“) 与 ACME Lithium Ltd.(”ACME 锂电“) 收购毗邻曼尼托巴省南部坦科锂矿的ACME拥有的一组矿产所有权90%的不可分割权益(即”项目“)。
亮点
- 第一阶段期权在未来 12 个月内支付 600,000 加元的勘探支出后收购该项目 51% 的权益
- 第二阶段期权是在未来24个月内额外承担120万加元的勘探支出后,再收购该项目39%的权益
- ACME Lithium保留该项目10%的自由附带权益
首席执行官致辞
“我们非常高兴与ACME Lithium Ltd.签订了这份意向书,以获得紧邻坦科矿的大型且极具前景的土地,“ 雪湖首席执行官弗兰克·惠特利评论道。他继续说:”与Acme Lithium的这项协议反映了我们为扩大曼尼托巴省锂项目组合以补充我们的Snow Lake Lithium项目而采取的严格方法。”
收购坦科矿附近矿产权利的协议
Snow Lake 和 ACME Lithium 已经签订了一份具有约束力的意向书(”LOI“)关于37项矿产索赔,100%归ACME Lithium所有,其中31项位于曼尼托巴省南部坦科锂矿的南部边界。
该项目(”沙特福德锂业项目“) 包括以下矿产索赔:
- 沙特福德湖:21 项索赔总计 8,883 英亩(3,595 公顷)
- Birse Lake:10 项索赔总计 5,196 英亩(2,102 公顷)
- Cat-Euclid:6 项索赔总计 2,930 英亩(1,186 公顷)
意向书的关键条款包含在附录A中。
沙特福德湖项目
沙特福德湖和布里斯湖的矿产主张如下图所示:
下图列出了卡特湖/欧几里德湖的矿产主张:
沙特福德锂业项目的地质背景
沙特福德锂矿项目横跨格里尔-沙特福德剪切带长达15千米的结构趋势,那里有许多伟晶岩堤坝和有利的宿主岩。它位于曼尼托巴省东南部伯德河绿岩带的南端。该地区拥有数百个单独的伟晶岩体,其中许多被归类为复杂的稀有元素锂-铯-钽(LCT)伟晶岩——已知占世界锂产量的四分之一。
沙特福德锂矿项目的东北角与坦科矿的矿产租约接壤,附近有巴克、佩尔基和迪布斯伟晶岩。
拟议的工作计划
Snow Lake打算在ACME Lithium先前在该项目上所做工作的基础上再接再厉,其直接重点将是对ACME Lithium准备的所有数据、样本、化验和报告进行详细审查。审查完成后,Snow Lake将设计一项勘探计划,既要在ACME Lithium的工作基础上再接再厉,又要在项目的剩余时间内开展区域勘探计划,以确定潜在的钻探目标。
Snow Lake还打算利用Critical Discovery的服务来协助审查ACME Lithium的勘探数据,并为2024年沙特福德锂业项目勘探计划的开发提供意见。
坦科矿
加拿大钽矿业有限公司 (”Tanco“) 由中矿(香港)稀有金属资源有限公司 100% 拥有和运营,经营位于曼尼托巴省邦内湖伯尼克湖西北岸的坦科矿。坦科矿伟晶岩矿体是在20世纪20年代后期发现的,而坦科矿在曼尼托巴省商业运营生产锂已有50多年。除了用于锂电池市场的锂浓缩物外,坦科矿还为北美市场生产铯基产品。
更多信息
有关 ACME Lithium 的更多信息,请访问他们的网站,网址为。
有关Tanco的更多信息,请访问他们的网站,网址为。
关于雪湖资源有限公司
Snow Lake是一家加拿大锂开发公司,在纳斯达克上市:LTIM,拥有两个硬岩锂项目、汤普森兄弟项目和格拉斯河项目(合称”斯诺莱克锂业项目“),位于曼尼托巴省北部的雪湖地区。Snow Lake专注于推进Snow Lake锂电项目的后续开发阶段并投入生产,以供应北美的电动汽车和储能市场。
全资拥有的Snow Lake锂项目现在覆盖了占地59,587英亩的土地,该土地仅被勘探了1%,包含迄今为止已确定的820万公吨测量、指示和推断的资源,Li2O含量在0.99%至1.13%之间。
前瞻性陈述 本新闻稿包含1933年《证券法》第27A条、1934年《证券交易法》第21E条以及1995年《私人证券诉讼改革法》下的 “安全港” 条款所指的 “前瞻性陈述”。这些陈述存在重大风险和不确定性。除历史事实陈述外,本新闻稿中包含的所有陈述均为前瞻性陈述,包括但不限于与Snow Lake Lithium有关的陈述。这些前瞻性陈述基于我们对未来事件的预期和预测,这些预期和预测是我们从目前获得的信息中得出的。本新闻稿中包含的前瞻性陈述可以通过使用 “预期”、“相信”、“考虑”、“可以”、“估计”、“预期”、“打算”、“寻找”、“可能”、“可能”、“计划”、“潜力”、“预测”、“目标”、“目标”、“目标”、“应该”、“将” 或这些词语或其他类似表达方式的否定词,尽管并非所有前瞻性陈述都包含这些词语。前瞻性陈述基于雪湖资源有限公司。”s 当前的预期,并受到难以预测的固有不确定性、风险和假设的影响。此外,某些前瞻性陈述基于对未来事件的假设,这些假设可能不准确。我们在向证券交易委员会提交的注册声明和年度报告中标题为 “风险因素” 的部分对其中一些风险和不确定性进行了更全面的描述。本公告中包含的前瞻性陈述自该日起作出,除非适用法律要求,否则Snow Lake Resources Ltd.没有义务更新此类信息。
欲了解更多信息,请联系:
投资者: ir@snowlakelithium.com
媒体: media@snowlakelithium.com
推特: @SnowLakeLithium
附表 A — 协议的关键条款
Snow Lake 和 ACME Lithium 签订了一份具有约束力的意向书(”LOI“) 根据以下关键条款和条件。
1。 项目: 沙特福德锂业项目位于曼尼托巴省南部,包括37项矿产权,由ACME Lithium100%拥有,详见附表B。
2. 意向书: Snow Lake 和 ACME Lithium 已签订意向书,该意向书提供:
- 签署 LOI 时支付 20,000 加元,有效期为 30 个日历日;以及
- 签署期权协议后支付 130,000 加元(即”期权协议“)
3。 选项
ACME Lithium 将授予 Snow Lake 选择权(”选项“) 根据以下条款和条件赚取沙特福德锂业项目高达90%的不可分割权益:
a) 第一阶段选项
Snow Lake 可以选择(那个”第一阶段选项“) 在以下条件下获得沙特福德锂业项目51%的不可分割权益:
- 在签署期权协议后的12个月内,沙特福德锂业项目承担了至少60万加元的勘探支出;以及
- 在期权协议签署一周年当天或之前向ACME Lithium额外支付15万加元的现金
b) 第二阶段选项
行使第一阶段选项后,Snow Lake 将有选择权(第二阶段选项“) 在以下条件下额外获得沙特福德锂业项目39%的不可分割权益:
- 在签署期权协议后的24个月内,为沙特福德锂业项目承担了至少120万加元的额外勘探支出;以及
- 在期权协议签署两周年当天或之前向ACME Lithium额外支付20万加元
Snow Lake产生的任何支出超过行使第一阶段期权所需的最低支出,都将贷记或结转到第二阶段期权的支出承诺中。
4。 成立合资企业
Snow Lake获得了沙特福德锂业项目90%的不可分割权益,并完成了对合资企业沙特福德锂项目的积极可行性研究(”合资企业“)将在Snow Lake和ACME Lithium之间成立,以进一步发展沙特福德锂业项目,该项目的详细市场标准条款和条件将在合资企业成立时商定。
5。 对合资企业的兴趣
合资企业成立后:
- 雪湖将持有合资企业90%的权益,ACME Lithium将持有合资企业10%的权益;
- Snow Lake的权益将是合资企业90%的参股权益,在沙特福德锂业项目的积极可行性研究完成之前,雪湖将为所有支出的100%提供资金;以及
- ACME Lithium的权益将为10%的免费附带利息,在沙特福德锂项目的可行性研究完成之前,无需为支出缴款。
6。 优先拒绝权
期权协议签署后,Snow Lake将拥有优先拒绝权(”ROFR“)如果ACME Lithium决定根据未经请求的真实第三方要约出售其在沙特福德锂业项目中的权益,则收购ACME Lithium在沙特福德锂业项目中的10%自由附带权益。
7。 特许权使用费
Euclid-Cat Lake和Shatford Lake矿产索赔需缴纳锂或其他金属的2%的总特许权使用费,由锂特许权使用费公司支付。
附表 B — 矿产索赔
索赔名称 | 数字 | 日期 | 公顷 | 事件 # |
ACME 1 | MB13931 | 9 月 16 日/21 | 256 | 522669 |
ACME 2 | MB13932 | 9 月 16 日/21 | 247 | 522658 |
ACME 3 | MB13933 | 9 月 17 日/21 | 168 | 522667 |
ACME 4 | MB13934 | 9 月 18 日/21 | 152 | 522671 |
ACME 5 | MB13935 | 9 月 18 日/21 | 139 | 522668 |
ACME 6 | MB13936 | 9 月 17 日/21 | 220 | 522672 |
ACME 7 | MB13937 | 9 月 22/21 | 180 | 522830 |
ACME 8 | MB13938 | 9 月 22/21 | 132 | 522840 |
ACME9 | MB13939 | 9月21/21 | 92 | 522841 |
ACME 10 | MB13940 | 9月21/21 | 120 | 522831 |
ACME 11 | MB13941 | 9 月 23 日/21 | 182 | 522832 |
ACME 12 | MB13942 | 9 月 23 日/21 | 156 | 522842 |
ACME 13 | MB13943 | 9月24日/21 | 208 | 522843 |
ACME 14 | MB13944 | 9月24日/21 | 140 | 522833 |
ACME 15 | MB13945 | 9月25日/21 | 248 | 522834 |
ACME 16 | MB13946 | 9月25日/21 | 192 | 522844 |
ACME17 | MB13947 | 9月26日/21 | 163 | 522845 |
ACME 18 | MB13928 | 10 月 1 日 | 210 | 522846 |
ACME 19 | MB13949 | 9 月 29 日/21 | 192 | 522847 |
ACME 20 | MB13950 | 9 月 30 日/21 | 240 | 522848 |
ACME 21 | MB13951 | 9 月 29 日/21 | 192 | 522835 |
ACME 22 | MB13952 | 9 月 30 日/21 | 240 | 522836 |
ACME 23 | MB13953 | 9月26日/21 | 142 | 522837 |
ACME 24 | MB13954 | 9月28日/21 | 160 | 522849 |
ACME 25 | MB13955 | 9月28日/21 | 160 | 522838 |
ACME 26 | MB13926 | 9 月 27/21 | 111 | 522850 |
ACME 27 | MB13927 | 9 月 27/21 | 135 | 522839 |
ACME 27 | MB13927 | 9 月 27/21 | 135 | 522839 |
ACME 28 | MB14707 | 3 月 14/23 | 256 | 549435 |
ACME 29 | MB14708 | 3 月 14/23 | 182 | 549436 |
ACME 30 | MB14709 | 3 月 14/23 | 64 | 549437 |
ACME 31 | MB14704 | 2 月 06/23 | 224 | 546505 |
ACME 32 | MB14705 | 2 月 10/23 | 234 | 547020 |
ACME 33 | MB14706 | 3 月 14/23 | 245 | 549430 |
ACME 34 | MB14701 | 3 月 14/23 | 239 | 549431 |
ACME 35 | MB14702 | 3 月 14/23 | 247 | 549434 |
ACME 36 | MB14703 | 2 月 06/23 | 256 | 546503 |
ACME 37 | MB14710 | 3 月 14/23 | 140 | 549438 |
要查看本新闻稿的源版本,请访问