6-K
Frontier Nuclear & Minerals Inc. (FNUC)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of, October 2022
Commission File Number 001-41085
SNOW LAKE RESOURCES LTD.
(Translation of registrant’s name into English)
242 Hargrave Street, #1700
Winnipeg, Manitoba R3C 0V1 Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
On October 7, 2022, Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (the “Company”) issued a press release announcing that the Company has withdrawn its registration statement on Form F-1 following a recent court order in Canada obtained by a dissident group of concerned shareholders. A copy of that press release is attached as Exhibit 99.1 hereto.
On October 4, 2022, the Company issued a press release announcing that the Company hosted LG Energy Solution as part of collaboration to create a lithium hydroxide processing plant. A copy of that press release is attached as Exhibit 99.2 hereto.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: October 7, 2022 | SNOW LAKE RESOURCES LTD. | |
|---|---|---|
| By: | /s/ Philip Gross | |
| Philip Gross | ||
| Chief Executive Officer and Director |
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EXhibit 99.1
SNOW LAKE LITHIUM PROVIDES UPDATE ON RECENTOPERATIONAL DEVELOPMENTS
October 7, 2022, Canada: Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (Nasdaq: LITM) (“Snow Lake Lithium” or the “Company”), today announced the Company has withdrawn its registration statement on Form F-1 following a recent court order in Canada obtained by a dissident group of concerned shareholders.
On October 3, 2022, Snow Lake Lithium filed a Withdrawal of the Registration Statement on Form F-1 in response to the Court of King’s Bench (Manitoba) (the “Court”) issuing an order enjoining the Company from issuing any securities prior to October 27, 2022, the record date for the determination of shareholders entitled to vote at the Company’s annual general meeting (“AGM”) set for December 15, 2022. The court order was issued at the request of a group of concerned shareholders on Thursday, September 29, 2022.
The Registration Statement was never declared effective and the Company confirms that no securities have been sold pursuant to the F-1 Registration Statement filed publicly on September 26, 2022. Snow Lake Lithium will provide further information on these matters in the near future.
About Snow Lake Resources Ltd.
Snow Lake Lithium is committed to creating and operating a fully renewable and sustainable lithium mine that can deliver a completely traceable, carbon neutral and zero harm product to the North American electric vehicle and battery markets.
Our wholly owned Snow Lake Lithium™ Project (previously called Thompson Brothers Lithium Project) now covers a 55,318-acre site that has only been 1% explored and contains an identified-to-date 11.1 million metric tonnes indicated and inferred resource at 1% Li2O.
Forward Looking Statements
This press release contains “forward-looking statements” 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. 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. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in our registration statements and 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
www.SnowLakeLithium.com
Exhibit 99.2
October 4, 2022
Snow Lake Lithium Hosts LG Energy Solution
as Part of Collaboration To Create
a Lithium Hydroxide Processing Plant
| ● | Snow Lake Lithium welcomes LG Energy Solution to Winnipeg in Manitoba, Canada, to explore opportunities for a lithium hydroxide processing plant |
|---|---|
| ● | Snow Lake Lithium is developing the world’s first all-electric lithium mine in Manitoba and has partnered with LG Energy Solutionto establish a domestic lithium supply chain for the North American electric vehicle market |
| --- | --- |
| ● | Domestically sourced lithium is essential to secure the future of the North American automobile industry |
| --- | --- |
| ● | Media assets can be downloaded here: https://bit.ly/SnowLakeLithium |
| --- | --- |
**MANITOBA,ON / ACCESSWIRE / October 4, 2022 /**Canada: Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (NASDAQ:LITM) (“Snow Lake Lithium”) hosted LG Energy Solution (LGES: KRX 373220) in Manitoba, Canada on September 13^th^ to explore the potential next step towards building a domestic supply chain for the North American electric vehicle market.
The visit by LG Energy Solution advances the collaboration with Snow Lake Lithium which will see the delivery of one of Canada’s first lithium hydroxide processing plants in CentrePort, Southern Manitoba. Manitoba Hydro - a hydroelectric power provider in Manitoba - was also included in the discussions regarding the provision of sustainable, clean power to the plant in addition to a site visit to the proposed facility in CentrePort.
Meetings held at the Manitoba Legislative Building included participation from Snow Lake Lithium and LGES representatives, as well as Jordan Gaw and Jenny Kang from Invest in Canada and Cliff Cullen, the Deputy Premier and Minister of Economic Development, Industry and Trade. Representatives from the Economic Secretariat of Manitoba, the Department of Economic Development, Industry and Trade, and Manitoba’s Chamber of Commerce were also present.
Manitoba’s Deputy Premier, Cliff Cullen, commented, “Companiessuch as LG Energy Solution and Snow Lake Lithium are leading the exploration and development of critical minerals that will be key tohelping the world pursue the goal of decarbonization.”
Cullen further added*, “Manitoba has the mineral,energy and human resources needed to help meet growing global demand and we are very excited that LG Energy Solution and Snow Lake Lithiumhave recognized the potential of Manitoba as a great place to invest. Our government is committed to ensuring that Manitoba is a greatplace to invest and grow the industries that will lead the energy transition that is transforming the world.”*
Philip Gross, CEO Snow Lake Lithium said, “Thevisit was a great success and there is an exceptional opportunity here in Manitoba to establish a strong domestic supply chain for theUS automobile industry. Following our exciting collaboration with world-leading LG Energy Solution we are confident that our rock to roadbattery supply chain will help the electric vehicle market in North America.”
Canada - a global mining powerhouse
With its rich minerals and metals sector ecosystem, Canada is globally recognized as a world-leader in the mining industry. Its commitment to producing minerals in the right way, both protecting the environment and ensuring local indigenous communities’ benefit, is unparalleled.
Canada is a natural location for investment in critical minerals which are essential to renewable energy, clean technology and advanced manufacturing supply chains. Canada is the only country in the Western Hemisphere that has all the critical minerals required for EV batteries, including lithium.
By 2025, Canada is expected to rank third in the global production of the raw materials needed for electric vehicle batteries.
Snow Lake & Manitoba’s rich mining heritage
Based in Manitoba, Canada, Snow Lake Lithium is developing the world’s first all-electric lithium mine to enable domestic supply of this critical resource to the North American electric vehicle industry.
Snow Lake Lithium is ideally located to serve the North American automotive industry with access to the US rail network via the Artic Gateway railway, which reduces transportation from thousands of miles by road and boat to just several hundred by train.
The Manitoba region has a rich history of mining giving Snow Lake Lithium access to some of the most talented and experienced miners in North America.
Snow Lake Lithium’s 55,000-acre site is expected to produce 160,000 tonnes of 6% lithium spodumene a year over a 10-year period, enough to power 5 million electric vehicles.
Currently, Snow Lake Lithium has explored approximately 1% of its site and is confident that further exploration will increase estimates over the course of the next year. Snow Lake Lithium’s planned mine will be operated by almost 100% renewable, hydroelectric power to ensure the most sustainable lithium manufacturing approach.
Over the coming months, Snow Lake Lithium will continue its engineering evaluation and drilling programme across its site, with the expectation that mining operations will transition to commercial production targeted for 2025.
About Snow Lake Resources Ltd.
Snow Lake Lithium is committed to creating and operating a fully renewable and sustainable lithium mine that can deliver a completely traceable, carbon neutral and zero harmproduct to the North American electric vehicle and battery markets.
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Our wholly owned Thompson Brothers Lithium Project now covers a 55,318-acre site that has only been 1% explored and contains an identified-to-date 11.1 million metric tonnes indicated and inferred resource at 1% Li2O.
About LG Energy Solution
LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 24,000 patents. Its robust global network, which spans North America, Europe, Asia, and Australia, includes battery manufacturing facilities established through joint ventures with major automakers such as General Motors, Stellantis N.V. and Hyundai Motor Group. At the forefront of green business and sustainability, LG Energy Solution aims to achieve carbon neutral operations by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://www.lgensol.com.
Forward Looking Statements
This press release contains “forward-looking statements” 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. 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. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in our registration statements and 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
www.SnowLakeLithium.com
SOURCE: Snow Lake Resources Ltd.
View source version on accesswire.com:
https://www.accesswire.com/718673/Snow-Lake-Lithium-Hosts-LG-Energy-Solution-as-Part- of-Collaboration-To-Create-a-Lithium-Hydroxide-Processing-Plant
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