WINNIPEG, MB / ACCESSWIRE / January 17, 2023 / Snow Lake Assets Ltd., d/b/a/ Snow Lake Lithium Ltd. (NASDAQ:LITM) (“Snow Lake Lithium” or the “Firm“) is happy to announce the outcomes of its annual basic and particular assembly of the shareholders held on January 17, 2023 (the “Assembly“) at which 9,514,820 (53.08%) of the votes connected to the issued and excellent widespread shares of the Firm (the “Shares“) have been represented.

The board of administrators of Snow Lake Lithium (the “Board“) was fastened at six administrators (9,388,933 For, 104,239 In opposition to and 22,188 Abstained). As per beneath, every of the nominees of the group of Involved Shareholders have been elected to the Board, along with Mr. Dale Shultz, to carry workplace till the subsequent annual basic assembly of shareholders or till they in any other case stop to carry workplace.

* – Share of these voting.

Because of this, Dale Schultz, Nachum Labkowski, Brian Imrie, Peretz Schapiro, Shlomo Kievman and Kathleen Skerrett shall function administrators of the Firm till the subsequent annual basic assembly of shareholders or till they in any other case stop to carry workplace. Full particulars and backgrounds relating to every of the administrators is included within the info round of the Involved Shareholders dated November 29, 2022, which was filed on the Firm’s SEDAR profile at www.sedar.com and on EDGAR at www.sec.gov.

As well as, shareholders of the Firm: accepted an extraordinary decision to reappoint De Visser Grey LLP because the auditor of the Firm for the following yr and authorize the administrators of the Firm to set the auditor’s remuneration (9,353,918 For, Nil In opposition to and 161,502 Abstained); and accepted an extraordinary decision ratifying the adoption of the amendments to the Firm’s by-laws (9,202,751 For, 239,655 In opposition to and 73,014 Abstained).

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Moreover, the Firm proclaims that Philip Gross and Derek Knight are not with the Firm. At a gathering of the Board following the Assembly, Nachum Labkowski was appointed Chairman of the Board. As well as, the Board appointed a particular committee to deal with the quick seek for an interim and everlasting CEO for the Firm.

Nachum Labkowski, Chairman of the Board, commented:

“We’re happy to see that shareholders have proven their overwhelming help for the Involved Shareholders and the Involved Shareholders’ nominees.

As a board, we look ahead to working collectively productively, as we proceed to develop the Firm’s tasks. We’re eagerly anticipating the beginning of a brand new 5,000m drill program later this week, and know there’s plenty of work forward of us. We want to thank all shareholders for his or her persistence and help.

We look ahead to placing the Firm again on monitor and setting it up for long run success.”

About Snow Lake Assets Ltd.

Snow Lake is dedicated to creating and working a completely renewable and sustainable lithium mine that may ship a very traceable, carbon impartial and 0 hurt product to the North American electrical automobile and battery markets.

Our wholly owned Snow Lake Lithium™ Challenge now covers a 59,587-acre web site that has solely been 1% explored and accommodates an identified-to-date 11.1 million metric tonnes indicated and inferred useful resource at 1% Li2O.

Ahead-looking Statements

This press launch accommodates “forward-looking statements” which are topic to substantial dangers and uncertainties. All statements, aside from statements of historic truth, contained on this press launch are forward-looking statements, together with with out limitation statements with restoring Snow Lake Lithium. We base these forward-looking statements on our expectations and projections about future occasions, which we derive from the data at the moment obtainable to us. Ahead-looking statements contained on this press launch could also be recognized by way of phrases akin to “anticipate,” “imagine,” “ponder,” “may,” “estimate,” “anticipate,” “intend,” “search,” “might,” “may,” “plan,” “potential,” “predict,” “mission,” “goal,” “intention,” “ought to,” “will,” “would,” or the detrimental of those phrases or different related expressions, though not all forward-looking statements include these phrases. Ahead-looking statements are based mostly on Snow Lake Assets Ltd.’s present expectations and are topic to inherent uncertainties, dangers and assumptions which are tough to foretell. Additional, sure forward-looking statements are based mostly on assumptions as to future occasions that will not show to be correct. A few of these dangers and uncertainties are described extra absolutely within the part titled “Threat Components” in our registration statements and experiences filed with the Securities and Change Fee. Ahead-looking statements contained on this announcement are made as of this date, and Snow Lake Assets Ltd. undertakes no obligation to replace such info besides as required beneath relevant regulation.

For extra info, please contact:

Buyers
ir@snowlakelithium.com

Media
media@snowlakelithium.com

Twitter:
@SnowLakeLithium

www.SnowLakeLithium.com

SOURCE: Snow Lake Assets Ltd.

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