LITM News

The IPO market was relatively quiet ahead of the holiday week with seven IPOs raising $1.5 billion. 12 SPACs also priced. Two deals failed to get done: childcare giant KinderCare (KLC) postponed, and Canada-listed Sangoma Technologies (SANG) terminated its proposed US offering. New issuers continued to join the pipeline in preparation for...read more

Snow Lake Resources, a Canadian producer of lithium for batteries, raised $24 million by offering 3.2 million shares at $7.50, the high end of the range of $6.50 to $7.50. The company offered 0.3 million more shares than anticipated. Snow Lake is an exploration stage mining company engaged in lithium exploration in the province of Manitoba, Canada. It aims to derive substantial...read more

Snow Lake Resources, a Canadian producer of lithium for batteries, announced terms for its IPO on Friday. The Toronto, Canada-based company plans to raise $20 million by offering 2.9 million shares at a price range of $6.50 to $7.50. At the midpoint of the proposed range, Snow Lake Resources would command a fully diluted market value of $120 million. Snow Lake is an exploration...read more

Snow Lake Resources, a Canadian producer of lithium for batteries, filed on Friday with the SEC to raise up to $23 million in an initial public offering. Snow Lake is an exploration stage mining company engaged in lithium exploration in the province of Manitoba, Canada. It aims to derive substantial revenues from the sale of lithium hydroxide to the growing electric...read more