Snow Lake Resources ( (LITM) ) just unveiled an announcement.
On April 30, 2025, Snow Lake Resources Ltd. announced a 1-for-13 reverse stock split of its common shares, effective May 2, 2025. This move, approved by the board in April 2025 and shareholders in May 2024, aims to comply with Nasdaq’s $1.00 minimum bid price requirement. The reverse stock split will reduce the number of outstanding shares from approximately 101.7 million to 7.8 million, affecting all shareholders uniformly without altering their relative equity interest.
More about Snow Lake Resources
Snow Lake Resources Ltd., operating as Snow Lake Energy, is a Canadian mineral exploration company listed on Nasdaq under the symbol LITM. The company focuses on a global portfolio of critical mineral and clean energy projects, including the Pine Ridge Uranium project in Wyoming, USA, and the Engo Valley Uranium Project in Namibia, along with other exploration stage projects in Manitoba.
YTD Price Performance: -55.53%
Average Trading Volume: 10,814,839
Technical Sentiment Signal: Strong Buy
Current Market Cap: $42.53M
See more insights into LITM stock on TipRanks’ Stock Analysis page.