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- Snow Lake Resources (NASDAQ:LITM), doing business as Snow Lake Energy priced public offering of 18.75M shares at a public offering price of $0.80 per share.
- All of the shares in the offering are being offered by the company.
- Total gross proceeds are expected to be approximately $15M.
- The offering is expected to close on December 31, 2024.
- Net proceeds will be primarily used for working capital and general corporate purposes.
- The stock price dropped 31% to $1.10 on Friday during after hours of trading.