Snow Lake Resources: Lithium Wins Court Case and Shareholders’ Meeting Set for December 15, 2022

Snow Lake Lithium Wins Court Case and Shareholders’ Meeting Set for December 15, 2022

WINNIPEG, MB /ACCESSWIRE/August 8, 2022/ Snow Lake Resources Ltd., d/b/a Snow Lake Lithium (NASDAQ:LITM) (“Snow Lake” or the “Company”) is pleased to inform its shareholders of the following developments:

The Company appeared in the Court of Queen’s Bench (Manitoba) on July 28, 2022 to have it declared void and set aside. The Company’s bid was successful in all respects. Pursuant to a court order dated August 5, 2022, the special meeting called by the affected shareholders is invalid, as are any matters dealt with at such meeting if such a meeting were called. In addition, the Court ordered that the special meeting of shareholders of the Company convened by the Board for December 15, 2022 has been validly convened in accordance with the relevant provisions of The Corporations Act (Manitoba), being the law applicable to the conduct and corporate governance of the Corporation. Consequently, any document received from the shareholders concerned within the framework of the meeting of August 10e invalidly convened meeting should be ignored.

The Court’s decision is consistent with the position the Company has taken since the dissident group led by the affected shareholders announced its intention to hold its own shareholders’ meeting in the face of the Company’s decision to call an annual general meeting and a special assembly. meeting for December 15, 2022. Shareholders will receive formal notice of such meeting in due course together with an information circular setting out precisely the business to be transacted. Currently, no shareholder needs to act.

Philip Gross, CEO and President of Snow Lake, said, “We are delighted to announce that our claim has been accepted by the court. With the resolution of this matter, we are now able to continue to focus our efforts on fulfilling our mission to become the world’s first all-electric, sustainable lithium mine and an integral part of the North American ecosystem. Electric Vehicles On behalf of the management team and Board of Directors, we remain diligent in executing our plan, displayed by the progress of our ongoing drilling campaign, and the creation of long-term shareholder value at term. Additionally, we are pleased to report that our baseline environmental study, metallurgy and lithium hydroxide are still ongoing and progressing in accordance with our previously disclosed milestone schedule. We look forward to keeping the market informed of the expansion of our resources. and drill results as they are collected over the coming months.”

About Snow Lake Resources Ltd.

Snow Lake Lithium is committed to creating and operating a fully renewable and sustainable lithium mine that can provide a fully traceable, carbon neutral and safe product for the North American electric vehicle and battery markets. We not only aspire to set the standard for responsible lithium mining, but we intend to be the first lithium producer in the world to achieve Certified Company B status through the process.

Our exclusive property Snow Lake LithiumMT The project now covers a 55,318 acre site that has only been 1% explored and contains an identified resource to date of 11.1 million indicated and inferred metric tonnes at 1% Li2O.

For more information please contact:
Twitter: @SnowLakeLithium

Legal address


242 Hargrave Street #1700,

Snow Lake Resources Ltd.

Winnipeg, MB R3C 0V1

PO Box 126 Simcoe, Ontario N3Y



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Released August 8, 2022