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Snow Lake Energy said on Monday it has made a new gallium discovery at the Mound Lake property in Ontario to complement its existing portfolio of lithium and uranium assets, sending its shares higher.
Snow Lake’s CEO Frank Wheatley said the discovery “aligns perfectly” with the company’s strategy to secure materials that power transformative industries. Snow Lake said its next step is to accelerate its exploration of the Ontario gallium project while continuing to prioritize and develop its lithium and uranium projects. It currently holds two hard rock lithium projects in Manitoba and two uranium projects: one in Saskatchewan and one abroad in Namibia.
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