Snow Lake Resources Ltd. (LITM) 10-Year Financial Performance & Capital Metrics

LITM • • Industrial / General

Basic MaterialsIndustrial MaterialsBattery Metals & Critical MineralsLithium Developers

AboutSnow 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 Lithium property, which consists of 38 contiguous mining claims located in Manitoba. The company was incorporated in 2018 and is based in Winnipeg, Canada. Snow Lake Resources Ltd. operates as a subsidiary of Nova Minerals Limited.Show more

Revenue $0
EBITDA -$6M +65.1%
Net Income -$7M +55.4%
EPS (Diluted) -0.34 +60.5%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -28.54% +46.3%
ROIC -20.19% +74.4%
Debt/Equity 0.00 -55.0%
Interest Coverage -1012.62 +2.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free

✗Weaknesses

✗Shares diluted 12.2% in last year
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-28.43%

5Y Avg-28.45%

3Y Avg-43.11%

Latest-21.88%

Peer Comparison

Lithium Developers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
SLIStandard Lithium Ltd.	1.25B	5.26	6.41			68.23%	0.00
ATLXAtlas Lithium Corporation	147.64M	5.56	-1.91		-180.69%	-91.66%	0.47
ELVRElevra Lithium Limited	1.15B	67.85	-2.49	11.2%	-131.75%	-46.31%	0.16
CRMLWCritical Metals Corp.		6.67	-3.66			-23.29%
CRMLCritical Metals Corp.	1.59B	13.52	-7.43	5.79%	-335.36%	-217.54%
LITMSnow Lake Resources Ltd.	65.62M	3.64	-10.71			-10.08%	0.00
SGMLSigma Lithium Corporation	1.73B	15.55	-24.68	15.18%	-23.32%	-44.63%	1.91
LACLithium Americas Corp.	1.77B	5.84	-27.81			-26.94%	0.02

Profit & Loss

	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Sales/Revenue+	0	0	0	0	0	0
Revenue Growth %	-	-	-	-	-	-
Cost of Goods Sold+	0	0	0	0	2.64K	0
COGS % of Revenue	-	-	-	-	-	-
Gross Profit+	0	0	0	0	-2.64K	0
Gross Margin %	-	-	-	-	-	-
Gross Profit Growth %	-	-	-	-	-	1%
Operating Expenses+	1.53M	244.69K	417.72K	10.6M	16.01M	5.62M
OpEx % of Revenue	-	-	-	-	-	-
Selling, General & Admin	1.53M	244.69K	439.97K	10.8M	15.66M	5.58M
SG&A % of Revenue	-	-	-	-	-	-
Research & Development	0	0	0	33.73K	12K	41.07K
R&D % of Revenue	-	-	-	-	-	-
Other Operating Expenses	0	0	-22.24K	-236.82K	334.09K	-66
Operating Income+	-1.53M	-241K	-418K	-10.6M	-16.01M	-5.62M
Operating Margin %	-	-	-	-	-	-
Operating Income Growth %	-	0.84%	-0.73%	-24.36%	-0.51%	0.65%
EBITDA+	0	-173K	-443K	0	-16M	-5.58M
EBITDA Margin %	-	-	-	-	-	-
EBITDA Growth %	-	-	-1.56%	1%	-	0.65%
D&A (Non-Cash Add-back)	1.53M	0	0	10.6M	2.64K	31.68K
EBIT	-1.53M	-241K	-418K	-10.6M	-16.01M	-5.65M
Net Interest Income+	0	-2.67K	-142K	-177K	-15.42K	-5.55K
Interest Income	0	0	154	224	0	0
Interest Expense	3.09K	2.67K	142.35K	177.22K	15.42K	5.55K
Other Income/Expense	-1.83K	58.69K	-135K	1.15M	542.66K	-1.24M
Pretax Income+	-1.53M	-182K	-552K	-9.45M	-15.46M	-6.85M
Pretax Margin %	-	-	-	-	-	-
Income Tax+	-1.26K	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	0.99%	1%
Net Income+	-1.53M	-182K	-552K	-9.45M	-15.38M	-6.85M
Net Margin %	-	-	-	-	-	-
Net Income Growth %	-	0.88%	-2.03%	-16.11%	-0.63%	0.55%
Net Income (Continuing)	-1.53M	-182K	-552K	-9.45M	-15.46M	-6.85M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	-0.12	-0.02	-0.04	-0.60	-0.86	-0.34
EPS Growth %	-	0.84%	-1.03%	-14%	-0.43%	0.6%
EPS (Basic)	-0.12	-0.02	-0.04	-0.60	-0.86	-0.34
Diluted Shares Outstanding	13.01M	13.01M	13.01M	15.88M	18.03M	20.24M
Basic Shares Outstanding	13.01M	13.01M	13.01M	15.88M	18.03M	20.15M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Total Current Assets+	643.78K	154.48K	397.46K	25.03M	4.92M	3.27M
Cash & Short-Term Investments	599K	143.09K	318.84K	23.79M	3.84M	2.53M
Cash Only	599K	143.09K	318.84K	23.79M	3.84M	2.53M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	26.63K	10.6K	10.64K	304.45K	191.48K	40.69K
Days Sales Outstanding	-	-	-	-	-	-
Inventory	18.11K	783	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-
Other Current Assets	0	-782	0	0	0	0
Total Non-Current Assets+	5.17M	5.4M	5.73M	12.08M	21.5M	26.64M
Property, Plant & Equipment	5.17M	5.4M	5.73M	12.08M	21.5M	26.64M
Fixed Asset Turnover	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0	0
Total Assets+	5.82M	5.55M	6.13M	37.11M	26.42M	29.92M
Asset Turnover	-	-	-	-	-	-
Asset Growth %	-	-0.05%	0.1%	5.06%	-0.29%	0.13%
Total Current Liabilities+	428.6K	343.73K	1.37M	1.78M	3.06M	1.94M
Accounts Payable	150.6K	138.09K	262.13K	568.07K	722.38K	470.17K
Days Payables Outstanding	-	-	-	-	99.87K	-
Short-Term Debt	206.75K	205.65K	659.54K	201.16K	0	0
Deferred Revenue (Current)	0	-217	43.24K	0	0	0
Other Current Liabilities	71.25K	218	456.4K	397.27K	2.01M	1.08M
Current Ratio	1.50x	0.45x	0.29x	14.05x	1.61x	1.69x
Quick Ratio	1.46x	0.45x	0.29x	14.05x	1.61x	1.69x
Cash Conversion Cycle	-	-	-	-	-	-
Total Non-Current Liabilities+	0	0	0	0	31.11K	2.48M
Long-Term Debt	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	31.11K	0
Deferred Tax Liabilities	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	2.48M
Total Liabilities	428.6K	343.73K	1.37M	1.78M	3.91M	4.42M
Total Debt+	206.75K	205.65K	659.54K	201.16K	61.03K	31.11K
Net Debt	-392.25K	62.56K	340.7K	-23.59M	-3.78M	-2.5M
Debt / Equity	0.04x	0.04x	0.14x	0.01x	0.00x	0.00x
Debt / EBITDA	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-
Interest Coverage	-493.86x	-90.30x	-2.94x	-59.81x	-1037.71x	-1012.62x
Total Equity+	5.39M	5.21M	4.75M	35.33M	22.5M	25.5M
Equity Growth %	-	-0.03%	-0.09%	6.43%	-0.36%	0.13%
Book Value per Share	0.41	0.40	0.37	2.22	1.25	1.26
Total Shareholders' Equity	5.39M	5.21M	4.75M	35.33M	23.32M	25.5M
Common Stock	5.75M	5.75M	5.75M	39.73M	40.57M	50.13M
Retained Earnings	-1.54M	-1.72M	-2.27M	-10.55M	-24.61M	-26.55M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	1.18M	1.18M	1.27M	6.14M	6.54M	1.92M
Minority Interest	0	0	0	0	0	0

Cash Flow

	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024
Cash from Operations+	-235.66K	-257.98K	-363.48K	-3.1M	-10.3M	-3.74M
Operating CF Margin %	-	-	-	-	-	-
Operating CF Growth %	-	-0.09%	-0.41%	-7.53%	-2.32%	0.64%
Net Income	-1.53M	-182.12K	-552.44K	-9.45M	-15.46M	-6.85M
Depreciation & Amortization	0	0	0	0	2.64K	31.68K
Stock-Based Compensation	1.15M	0	0	8.04M	2.63K	953.85K
Deferred Taxes	0	0	0	0	0	0
Other Non-Cash Items	-1.84K	-68.57K	110.13K	-912.92K	5.16M	1.47M
Working Capital Changes	139.98K	-7.29K	78.83K	-775.1K	156	655.09K
Change in Receivables	15	0	0	0	0	150.79K
Change in Inventory	-15	0	0	0	0	0
Change in Payables	108.21K	-52.99K	84.36K	552.25K	581.53K	272.53K
Cash from Investing+	-629.29K	-196.93K	-270.65K	-5.98M	-9.46M	-4.48M
Capital Expenditures	-312.2K	-196.93K	-270.65K	-5.98M	-9.46M	-4.48M
CapEx % of Revenue	-	-	-	-	-	-
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0
Cash from Financing+	1.46M	-1K	809.88K	32.55M	-191.31K	6.91M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	-40.01K	113	4.88K	-2.63M	13.21K	-215.38K
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	-547.86K	-454.91K	-634.13K	-9.08M	-19.76M	-8.22M
FCF Margin %	-	-	-	-	-	-
FCF Growth %	-	0.17%	-0.39%	-13.32%	-1.18%	0.58%
FCF per Share	-0.04	-0.03	-0.05	-0.57	-1.10	-0.41
FCF Conversion (FCF/Net Income)	0.15x	1.42x	0.66x	0.33x	0.67x	0.55x
Interest Paid	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-28.33%	-3.43%	-11.08%	-47.14%	-53.18%	-28.54%
Return on Invested Capital (ROIC)	-22.92%	-3.52%	-6.05%	-94.48%	-78.82%	-20.19%
Debt / Equity	0.04x	0.04x	0.14x	0.01x	0.00x	0.00x
Interest Coverage	-493.86x	-90.30x	-2.94x	-59.81x	-1037.71x	-1012.62x
FCF Conversion	0.15x	1.42x	0.66x	0.33x	0.67x	0.55x

Frequently Asked Questions

Growth & Financials

Snow Lake Resources Ltd. (LITM) grew revenue by 0.0% over the past year. Growth has been modest.

Snow Lake Resources Ltd. (LITM) reported a net loss of $5.1M for fiscal year 2024.

Dividend & Returns

Snow Lake Resources Ltd. (LITM) has a return on equity (ROE) of -28.5%. Negative ROE indicates the company is unprofitable.

Snow Lake Resources Ltd. (LITM) had negative free cash flow of $0.0M in fiscal year 2024, likely due to heavy capital investments.

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