Snow Lake Resources Ltd.(LITM)Earnings, Financials & Key Ratios
LITM•NASDAQ
$2.27
$11M mkt cap·Price updated May 6, 2026
SectorBasic MaterialsIndustryIndustrial MaterialsSub-IndustryBattery Materials (Lithium, Graphite, Rare Earths)
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-$9M-68.0%
- Net Income-$11M-67.3%
- EPS (Diluted)-2.30-576.5%
- ROE-31.03%-8.7%
- ROIC-24.19%-19.8%
- Interest Coverage-1268.37-25.3%
LITM Key Insights
Snow Lake Resources Ltd. (LITM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 75.4% through buybacks
- ✓Trading at only 0.2x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Weak momentum: RS Rating 9 (bottom 9%)
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
LITM Price & Volume
Snow Lake Resources Ltd. (LITM) stock price & volume — 10-year historical chart
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LITM Growth Metrics
Snow Lake Resources Ltd. (LITM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
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Profit CAGR
10 Years-
5 Years-
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EPS CAGR
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Return on Capital
10 Years-27.73%
5 Years-32.24%
3 Years-33.3%
Last Year-23.48%
LITM Peer Comparison
Snow Lake Resources Ltd. (LITM) competitors in Battery Materials (Lithium, Graphite, Rare Earths) — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 LAC | 1.45B | 5.99 | -28.52 | -26.94% | 0.02 | |||
 LI | 35.58B | 17.72 | 16.02 | 16.71% | 3.59% | 6.21% | 0.23 | |
 SLI | 960.26M | 4.03 | 6.68 | 68.23% | 0.00 | |||
 ALB | 22.7B | 192.61 | -33.50 | -4.37% | -5% | -2.7% | 0.34 | |
 SQM | 13.35B | 93.46 | -65.82 | -39.35% | 12.12% | 9.48% | 0.93 | |
 SGML | 2.55B | 22.85 | -49.28 | 15.18% | -23.32% | -44.63% | 1.91 | |
 ATLX | 122.06M | 5.60 | -1.92 | -180.69% | -91.66% | 0.47 | ||
 TSLA | 1.5T | 398.53 | 369.01 | -2.93% | 3.96% | 4.75% | 0.10 |
Compare LITM vs Peers
Snow Lake Resources Ltd. (LITM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LITM Income Statement
Snow Lake Resources Ltd. (LITM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Jun'19 | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 | Jun'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | 0 | 0 | 0 | 2.64K | 0 | 20.82K | 7.92K |
| COGS % of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | -2.64K▲ 0% | 0▲ 100.0% | -20.82K▲ 0% | -7.92K▲ 0% |
| Gross Margin % | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - | 100% | - | - |
| Operating Expenses | 1.53M | 244.69K | 417.72K | 10.6M | 16.01M | 5.62M | 9.38M | 4.88M |
| OpEx % of Revenue | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 1.53M | 244.69K | 439.97K | 10.8M | 15.66M | 5.58M | 8.62M | 5.73M |
| SG&A % of Revenue | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 33.73K | 12K | 41.07K | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -22.24K | -236.82K | 334.09K | -66 | 759.71K | -23.4K |
| Operating Income | -1.53M▲ 0% | -241K▲ 84.2% | -418K▼ 73.4% | -10.6M▼ 2435.6% | -16.01M▼ 51.0% | -5.62M▲ 64.9% | -9.4M▼ 67.4% | -6.72M▲ 0% |
| Operating Margin % | - | - | - | - | - | - | - | - |
| Operating Income Growth % | - | 84.22% | -73.44% | -2435.65% | -51.01% | 64.91% | -67.44% | - |
| EBITDA | 0 | -173K | -443K | 0 | -16M | -5.58M | -9.38M | -6.7M |
| EBITDA Margin % | - | - | - | - | - | - | - | - |
| EBITDA Growth % | - | - | -156.07% | 100% | - | 65.1% | -68.02% | - |
| D&A (Non-Cash Add-back) | 1.53M | 0 | 0 | 10.6M | 2.64K | 31.68K | 20.82K | 23.77K |
| EBIT | -1.53M | -241K | -418K | -10.6M | -16.01M | -5.65M | -11.45M | -7.07M |
| Net Interest Income | 0 | -2.67K | -142K | -177K | -15.42K | -5.55K | 13.73K | -3.05K |
| Interest Income | 0 | 0 | 154 | 224 | 0 | 0 | 21.14K | 0 |
| Interest Expense | 3.09K | 2.67K | 142.35K | 177.22K | 15.42K | 5.55K | 7.41K | 3.05K |
| Other Income/Expense | -1.83K | 58.69K | -135K | 1.15M | 542.66K | -1.24M | -2.06M | 396.2K |
| Pretax Income | -1.53M▲ 0% | -182K▲ 88.1% | -552K▼ 203.3% | -9.45M▼ 1611.2% | -15.46M▼ 63.7% | -6.85M▲ 55.7% | -11.46M▼ 67.3% | -6.32M▲ 0% |
| Pretax Margin % | - | - | - | - | - | - | - | - |
| Income Tax | -1.26K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0.08% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -1.53M▲ 0% | -182K▲ 88.1% | -552K▼ 203.3% | -9.45M▼ 1611.2% | -15.38M▼ 62.8% | -6.85M▲ 55.4% | -11.46M▼ 67.3% | -5.15M▲ 0% |
| Net Margin % | - | - | - | - | - | - | - | - |
| Net Income Growth % | - | 88.08% | -203.3% | -1611.23% | -62.79% | 55.45% | -67.28% | - |
| Net Income (Continuing) | -1.53M | -182K | -552K | -9.45M | -15.46M | -6.85M | -11.46M | -6.32M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.12▲ 0% | -0.02▲ 83.6% | -0.04▼ 103.0% | -0.60▼ 1400.0% | -0.86▼ 43.3% | -0.34▲ 60.5% | -2.30▼ 576.5% | -0.15▲ 0% |
| EPS Growth % | - | 83.58% | -103.05% | -1400% | -43.33% | 60.47% | -576.47% | - |
| EPS (Basic) | -0.12 | -0.02 | -0.04 | -0.60 | -0.86 | -0.34 | -2.30 | - |
| Diluted Shares Outstanding | 13.01M | 13.01M | 13.01M | 15.88M | 18.03M | 20.24M | 4.97M | 34.12M |
| Basic Shares Outstanding | 13.01M | 13.01M | 13.01M | 15.88M | 18.03M | 20.15M | 4.97M | 34.12M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
LITM Balance Sheet
Snow Lake Resources Ltd. (LITM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jun'19 | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 | Jun'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 643.78K | 154.48K | 397.46K | 25.03M | 4.92M | 3.27M | 16.35M | 29.96M |
| Cash & Short-Term Investments | 599K | 143.09K | 318.84K | 23.79M | 3.84M | 2.53M | 14.28M | 28.4M |
| Cash Only | 599K | 143.09K | 318.84K | 23.79M | 3.84M | 2.53M | 13.07M | 28.4M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1.22M | 0 |
| Accounts Receivable | 26.63K | 10.6K | 10.64K | 304.45K | 191.48K | 40.69K | 1.56M | 195.46K |
| Days Sales Outstanding | - | - | - | - | - | - | - | - |
| Inventory | 18.11K | 783 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | -782 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 5.17M | 5.4M | 5.73M | 12.08M | 21.5M | 26.64M | 40.91M | 32.2M |
| Property, Plant & Equipment | 5.17M | 5.4M | 5.73M | 12.08M | 21.5M | 26.64M | 0 | 32.2M |
| Fixed Asset Turnover | - | - | - | - | - | - | - | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 15.91M | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 25M | 0 |
| Total Assets | 5.82M▲ 0% | 5.55M▼ 4.6% | 6.13M▲ 10.4% | 37.11M▲ 505.6% | 26.42M▼ 28.8% | 29.92M▲ 13.2% | 57.26M▲ 91.4% | 62.17M▲ 0% |
| Asset Turnover | - | - | - | - | - | - | - | 0.00x |
| Asset Growth % | - | -4.59% | 10.38% | 505.56% | -28.8% | 13.24% | 91.39% | 104.79% |
| Total Current Liabilities | 428.6K | 343.73K | 1.37M | 1.78M | 3.06M | 1.94M | 5.13M | 11.14M |
| Accounts Payable | 150.6K | 138.09K | 262.13K | 568.07K | 722.38K | 470.17K | 0 | 2.48M |
| Days Payables Outstanding | - | - | - | - | 99.87K | - | - | 39.36K |
| Short-Term Debt | 206.75K | 205.65K | 659.54K | 201.16K | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | -217 | 43.24K | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 71.25K | 218 | 456.4K | 397.27K | 2.01M | 1.08M | 5.13M | 1.22M |
| Current Ratio | 1.50x | 0.45x | 0.29x | 14.05x | 1.61x | 1.69x | 3.19x | 3.19x |
| Quick Ratio | 1.46x | 0.45x | 0.29x | 14.05x | 1.61x | 1.69x | 3.19x | 3.19x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 31.11K | 2.48M | 3.75M | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 31.11K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 2.48M | 3.75M | -20.54M |
| Total Liabilities | 428.6K | 343.73K | 1.37M | 1.78M | 3.91M | 4.42M | 8.88M | 11.14M |
| Total Debt | 206.75K | 205.65K | 659.54K | 201.16K | 61.03K | 31.11K | 0 | 14.61K |
| Net Debt | -392.25K | 62.56K | 340.7K | -23.59M | -3.78M | -2.5M | -13.07M | -28.38M |
| Debt / Equity | 0.04x | 0.04x | 0.14x | 0.01x | 0.00x | 0.00x | - | 0.00x |
| Debt / EBITDA | - | - | - | - | - | - | - | -0.00x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | 4.24x |
| Interest Coverage | -493.86x | -90.30x | -2.94x | -59.81x | -1037.71x | -1012.62x | -1268.37x | -2316.54x |
| Total Equity | 5.39M▲ 0% | 5.21M▼ 3.4% | 4.75M▼ 8.7% | 35.33M▲ 643.3% | 22.5M▼ 36.3% | 25.5M▲ 13.3% | 48.37M▲ 89.7% | 51.03M▲ 0% |
| Equity Growth % | - | -3.38% | -8.73% | 643.25% | -36.29% | 13.3% | 89.72% | 109.83% |
| Book Value per Share | 0.41 | 0.40 | 0.37 | 2.22 | 1.25 | 1.26 | 9.73 | 1.50 |
| Total Shareholders' Equity | 5.39M | 5.21M | 4.75M | 35.33M | 23.32M | 25.5M | 48.37M | 51.03M |
| Common Stock | 5.75M | 5.75M | 5.75M | 39.73M | 40.57M | 50.13M | 78.08M | 77.94M |
| Retained Earnings | -1.54M | -1.72M | -2.27M | -10.55M | -24.61M | -26.55M | -31.17M | -28.91M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.18M | 1.18M | 1.27M | 6.14M | 6.54M | 1.92M | 1.47M | 2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LITM Cash Flow Statement
Snow Lake Resources Ltd. (LITM) cash flow — operating, investing & free cash flow history
| Line item | Jun'19 | Jun'20 | Jun'21 | Jun'22 | Jun'23 | Jun'24 | Jun'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -235.66K | -257.98K | -363.48K | -3.1M | -10.3M | -3.74M | -6.73M | -6.73M |
| Operating CF Margin % | - | - | - | - | - | - | - | - |
| Operating CF Growth % | - | -9.47% | -40.89% | -752.59% | -232.33% | 63.66% | -79.89% | 99.89% |
| Net Income | -1.53M | -182.12K | -552.44K | -9.45M | -15.46M | -6.85M | -11.46M | -5.15M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 2.64K | 31.68K | 20.82K | 32 |
| Stock-Based Compensation | 1.15M | 0 | 0 | 8.04M | 2.63K | 953.85K | 0 | 270 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -1.84K | -68.57K | 110.13K | -912.92K | 5.16M | 1.47M | 1.43M | 3.01K |
| Working Capital Changes | 139.98K | -7.29K | 78.83K | -775.1K | 156 | 655.09K | 3.28M | -986 |
| Change in Receivables | 15 | 0 | 0 | 0 | 0 | 150.79K | -29.18K | 0 |
| Change in Inventory | -15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 108.21K | -52.99K | 84.36K | 552.25K | 581.53K | 272.53K | 0 | 0 |
| Cash from Investing | -629.29K | -196.93K | -270.65K | -5.98M | -9.46M | -4.48M | -15.4M | -6.05K |
| Capital Expenditures | -312.2K | -196.93K | -270.65K | -5.98M | -9.46M | -4.48M | -6.8M | -6.05K |
| CapEx % of Revenue | - | - | - | - | - | - | - | - |
| Acquisitions | -317.09K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 1.46M | -1K | 809.88K | 32.55M | -191.31K | 6.91M | 33.1M | 32.16K |
| Debt Issued (Net) | 140.02K | -1.11K | 805K | 193.64K | -204.52K | -35.83K | 0 | 0 |
| Equity Issued (Net) | 1000K | 0 | 0 | 1000K | 0 | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -546.48K | -137.57K | 0 |
| Other Financing | -40.01K | 113 | 4.88K | -2.63M | 13.21K | -215.38K | -645.11K | 32.16K |
| Net Change in Cash | 599K▲ 0% | -455.91K▼ 176.1% | 175.75K▲ 138.6% | 23.47M▲ 13255.8% | -19.95M▼ 185.0% | -1.31M▲ 93.4% | 11.22M▲ 953.9% | 0▲ 0% |
| Free Cash Flow | -547.86K▲ 0% | -454.91K▲ 17.0% | -634.13K▼ 39.4% | -9.08M▼ 1331.6% | -19.76M▼ 117.7% | -8.22M▲ 58.4% | -6.73M▲ 18.1% | -10.05K▲ 0% |
| FCF Margin % | - | - | - | - | - | - | - | - |
| FCF Growth % | - | 16.97% | -39.4% | -1331.61% | -117.67% | 58.38% | 18.14% | - |
| FCF per Share | -0.04 | -0.03 | -0.05 | -0.57 | -1.10 | -0.41 | -1.35 | -1.35 |
| FCF Conversion (FCF/Net Income) | 0.15x | 1.42x | 0.66x | 0.33x | 0.67x | 0.55x | 0.59x | 0.00x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LITM Key Ratios
Snow Lake Resources Ltd. (LITM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -3.43% | -11.08% | -47.14% | -53.18% | -28.54% | -31.03% | -10.08% |
| Return on Invested Capital (ROIC) | -3.52% | -6.05% | -94.48% | -78.82% | -20.19% | -24.19% | -24.19% |
| Debt / Equity | 0.04x | 0.14x | 0.01x | 0.00x | 0.00x | - | 0.00x |
| Interest Coverage | -90.30x | -2.94x | -59.81x | -1037.71x | -1012.62x | -1268.37x | -2316.54x |
| FCF Conversion | 1.42x | 0.66x | 0.33x | 0.67x | 0.55x | 0.59x | 0.00x |
LITM Frequently Asked Questions
Snow Lake Resources Ltd. (LITM) stock FAQ — growth, dividends, profitability & financials explained
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 2025.
Dividend & Returns
Snow Lake Resources Ltd. (LITM) has a return on equity (ROE) of -31.0%. Negative ROE indicates the company is unprofitable.
Snow Lake Resources Ltd. (LITM) had negative free cash flow of $0.0M in fiscal year 2025, likely due to heavy capital investments.
Explore More LITM
Snow Lake Resources Ltd. (LITM) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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