NASDAQ: $LITM Expansion: Snow Lake is acquiring up to 80% of Mound Lake Property and plans further exploration to meet rising global demand for critical minerals.

Key Points on Snow Lake's Gallium Discovery

Gallium Discovery:

Snow Lake Resources (LITM) discovered elevated gallium levels at the Mound Lake Property in Ontario, in partnership with Free Battery Metal.

Gallium is crucial for AI, data centers, and clean energy technologies and has been ranked as the #1 critical mineral by supply risk.

Global Context:

China controls nearly 99% of the global gallium supply, making this discovery significant for reducing dependence on foreign sources.

Gallium's Role in Technology:

Gallium is vital for AI, 5G, autonomous vehicles, and renewable energy systems due to its thermal and electrical properties.

It is used in high-efficiency semiconductors (e.g., GaAs and GaN), enabling faster processing speeds and energy efficiency in tech innovations.

Exploration Details:

377 samples from Mound Lake were analyzed; 12 samples exceeded 50 ppm gallium, with the highest being 110.5 ppm.

Over 70% of the samples showed gallium concentrations above the average crustal abundance of 19 ppm.

Strategic Fit with Snow Lake's Vision:

The gallium discovery complements Snow Lake’s lithium and uranium projects, positioning the company as a leader in clean energy and next-gen technologies.

Snow Lake aims to build a robust portfolio addressing the growing demand for critical minerals in AI, clean energy, and tech sectors.

Acquisition and Next Steps:

Snow Lake has a binding agreement with Free Battery to earn up to an 80% interest in the Mound Lake Property.

The company will continue exploration of the gallium discovery while developing its lithium and uranium projects.

Further Exploration:

Snow Lake plans to prioritize exploration in northern zones of Mound Lake and expand its strategic footprint in critical mineral projects to meet global energy demands.