SNOW LAKE LITHIUM COLLABORATES WITH UNIVERSITY OF MANITOBA

Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (“Snow Lake Lithium”, or the “Company”) and the University of Manitoba are collaborating to strengthen the understanding of the lithium deposits in Snow Lake and support the development of a framework to help shape Canada’s future minerals and metals strategy.

With demand for electric vehicles growing rapidly, the global automotive and energy storage industries will be competing to access raw materials, especially lithium, which is a crucial component of batteries. As a global mining powerhouse, Canada is perfectly placed to meet this increasing global demand for critical minerals such as lithium.

Led by Dr. Mostafa Fayek from the University’s Faculty of Environment, Earth, and Resources, the two-year research project between Snow Lake Lithium and the University of Manitoba will provide considerable insights into the Company’s critical mineral inventory and most effective exploration strategies to extract lithium from the Company’s Thompson Brothers’ site in the future.

Philip Gross, Chief Executive of Snow Lake Lithium said, “We are delighted to be collaborating with world-class academics and students from the University of Manitoba and leveraging their extensive experience in this area. The research will provide us with significant information about the mineralogy across our site which, we believe will have a meaningful impact upon the development of our future operations to ensure domestic supply chain and energy security for the North American electrified vehicle industry.”

“We are looking forward to building a strong relationship with the University over the coming years and, alongside this research project, we are exploring opportunities to create a joint analysis laboratory to reduce the time needed to complete both exploration and production analysis in the future.”   

Dr. Mostafa Fayek, from the University’s Faculty of Environment, Earth, and Resources, said, “This exciting project gives our students the opportunity to gain real-world experience alongside Snow Lake Lithium’s experienced geologists. We hope that our research will deliver significant information about the mineral inventory as well as identify a geochemical fingerprint for the lithium-rich pegmatites found across Snow Lake Lithium’s site which will help Canada establish its position at the forefront of lithium mining.”

Based in Manitoba, Canada, Snow Lake Lithium is developing the world’s first all-electric Lithium mine to enable the 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.

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. Currently, Snow Lake Lithium has explored around 1% of its site and is confident that further exploration will increase estimates over the course of the next year. Snow Lake Lithium’s mine will be operated by almost 100% renewable, hydroelectric power to ensure the most sustainable manufacturing approach.

Over the coming months, Snow Lake Lithium will continue its engineering evaluation and drilling program across its Thompson Brothers Lithium Project site, with the expectation that mining operations will transition to commercial production in late 2024.

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. We aspire to not only set the standard for responsible lithium mining, but we intend to be the first lithium producer in the world to achieve Certified B Corporation status in the process.

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 the University of Manitoba – University to provide boilerplate: 

The University of Manitoba is western Canada’s first university, established in 1877, and located on the original lands of Anishinaabeg, Cree, Oji-Cree, Dakota, and Dene Peoples, and in the homeland of the Métis Nation. The university is Manitoba’s only research-intensive university, and one of the country’s top research institutions. There are more than 31,000 undergraduate and graduate students, and more than 181,000 alumni living in 139 countries. To learn more about University, please visit https://www.umanitoba.ca/about-um

The Department of Earth Sciences at the University of Manitoba offers a range of undergraduate and graduate programs in Geology and Geophysics.  It has a well-established national and international research reputation with strengths in geochemistry, mineralogy, sedimentary geology, and paleontology. Within the department, the Manitoba Isotope Research Facility (MIRF) has over $10 million of equipment housed in major, multi-user laboratories.  To learn more about MIRF, please visit https://www.manitoba-isotope-research-facility.com/.