Snow Lake Resources Ltd. provided an update on its previously announced share repurchase program, confirming that it acquired a number of its common shares during the first two weeks of April 2025. These purchases were made in open market transactions through its broker, ThinkEquity LLC.
All common shares acquired under the buyback program were returned to treasury and cancelled. The company's Board of Directors believes that the market price of its common shares may not always reflect the underlying value and growth opportunities of Snow Lake.
The share repurchase program, authorized for up to US$10 million, is intended to enhance shareholder value and liquidity. This action demonstrates the company's commitment to managing its capital structure effectively.
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