LITM

MKT CAP:$54M

Snow Lake Resources Ltd.

Market Cap

$54M

Basic Materials·Industrial Materials·🇨🇦 Canada·NASDAQ

Materials·Industrial·🇨🇦·NASDAQ

Stock Price

$2.32-$0.97 (-29.48%)

Apr 24, 2026

Company Details

Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral resources in Canada. The company explores for lithium mineral resources. Its primary asset is the Thompson Brothers Lith...

CEO

Frank David Wheatley

IPO Date

Nov 19, 2021

Website

snowlakelithium.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$1M

EPS (Diluted)

-$0.42

Free Cash Flow

-$2M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

FY 2025

Oct 31, 2025

$0EPS -$2.30

Q1 2025

Sep 30, 2024

$0EPS -$0.37

FY 2024

Oct 29, 2024

$0EPS -$0.25

Q2 2024

Mar 26, 2024

$0EPS -$0.06

Q1 2024

Jul 22, 2024

$0EPS -$0.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$0	$0	-$41.1K
Q4 20	$0	$0	-$41.1K
Q1 21	$0	$0	-$39.5K
Q2 21	$0	$0	-$46.0K
Q3 21	$0	$0	-$113.3K
Q4 21	$0	$0	-$113.3K
Q1 22	$0	$0	-$941.2K
Q2 22	$0	$0	-$2M
Q3 22	$0	$0	-$3M
Q4 22	$0	$0	-$3M
Q1 23	$0	$0	-$3M
Q3 23	$0	$0	-$3.2K
Q4 23	$0	$0	-$3.2K
Q1 24	$0	$0	-$1.4K
Q2 24	$0	-$5.8K	-$2M
Q1 25	$0	$0	-$1M

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 24	-$840.0K	-$2M
Q1 25	-$933	-$2.3K

Capital Expenditures

Quarter	CapEx
Q2 24	$796.3K
Q1 25	$1.4K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	—	-15.6%
Q2 21	—	-1.7%
Q3 21	—	+175.3%
Q4 21	—	+175.3%
Q1 22	—	+2280.0%
Q2 22	—	+3952.4%
Q3 22	—	+2487.7%
Q4 22	—	+2487.9%
Q1 23	—	+176.3%
Q3 23	—	-99.8%
Q4 23	—	-99.9%
Q1 24	—	-100.0%
Q2 24	—	-40.6%
Q1 25	—	+41201.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 24	$188.6K	—
Q1 25	$61	—

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 20	—	$41.2K	—
Q4 20	—	$41.2K	—
Q1 21	—	$39.5K	—
Q2 21	—	$46.0K	—
Q3 21	—	$113.1K	—
Q4 21	—	$113.1K	—
Q1 22	—	$272.9K	$668.6K
Q2 22	—	$2M	$1M
Q3 22	$12.3K	$361.5K	$3M
Q4 22	$12	$361.5K	$2.6K
Q1 23	$4	$2.0K	$555.8K
Q3 23	—	$2.4K	$834.1K
Q4 23	—	$2.4K	$834.1K
Q1 24	$15	$976	$417.1K
Q2 24	$30.0K	$1M	—
Q1 25	—	$1M	$221.4K

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 21	$233.0K	$0	$233.0K
Q4 21	$233.0K	$0	$233.0K
Q1 22	$0	$466.0K	$466.0K
Q2 22	$22M	$0	$22M
Q3 22	$17M	$0	$17M
Q4 22	$17M	$0	$17M
Q1 23	$0	$35M	$35M
Q2 23	$10M	$0	$10M
Q3 23	$3M	$0	$3M
Q4 23	$3M	$0	$3M
Q1 24	$0	$6M	$6M
Q2 24	$5M	$0	$5M
Q3 24	$2M	$0	$2M
Q4 24	$2M	$0	$2M
Q1 25	$0	$0	$0
Q2 25	$21M	$0	$21M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	13M	+0.0%	—
Q4 20	13M	0.0%	—
Q1 21	13M	-0.0%	+0.0%
Q2 21	13M	+0.0%	+0.0%
Q3 21	13M	+0.0%	+0.0%
Q4 21	13M	0.0%	+0.0%
Q1 22	14M	+7.2%	+7.2%
Q2 22	15M	+6.7%	+14.4%
Q3 22	18M	+19.8%	+37.0%
Q4 22	18M	-0.0%	+37.0%
Q1 23	18M	+0.6%	+28.5%
Q3 23	18M	+1.2%	+21.9%
Q4 23	18M	0.0%	+1.8%
Q1 24	19M	+6.8%	+8.8%
Q2 24	20M	+5.0%	+13.6%
Q1 25	27M	+33.5%	+49.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	—	—
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	$0	9
Q1 23	$0	9
Q3 23	$0	9
Q4 23	$0	8
Q1 24	$0	8
Q2 24	$0	8
Q1 25	$0	8

Revenue / Employee