Snow Lake Resources Ltd
Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral resources. It explores for uranium and lithium mineral resources. The company holds a portfolio of projects in Canada, the United States, and Namibia. The company was incorporated in 2018 and is based in Winnipeg, Canada.
Snow Lake Resources Ltd (LITM) - Net Assets
Latest net assets as of March 2025: $51.03 Million USD
Based on the latest financial reports, Snow Lake Resources Ltd (LITM) has net assets worth $51.03 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($62.17 Million) and total liabilities ($11.14 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $51.03 Million |
| % of Total Assets | 82.09% |
| Annual Growth Rate | 44.15% |
| 5-Year Change | 917.79% |
| 10-Year Change | N/A |
| Growth Volatility | 238.83 |
Snow Lake Resources Ltd - Net Assets Trend (2019–2025)
This chart illustrates how Snow Lake Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Snow Lake Resources Ltd (2019–2025)
The table below shows the annual net assets of Snow Lake Resources Ltd from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $48.37 Million | +89.72% |
| 2024-06-30 | $25.50 Million | +13.30% |
| 2023-06-30 | $22.50 Million | -36.29% |
| 2022-06-30 | $35.33 Million | +643.25% |
| 2021-06-30 | $4.75 Million | -8.73% |
| 2020-06-30 | $5.21 Million | -3.38% |
| 2019-06-30 | $5.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Snow Lake Resources Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2963490400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $78.08 Million | 161.40% |
| Other Comprehensive Income | $1.47 Million | 3.04% |
| Total Equity | $48.37 Million | 100.00% |
Snow Lake Resources Ltd Competitors by Market Cap
The table below lists competitors of Snow Lake Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Robo.ai Inc.
NASDAQ:AIIO
|
$22.37 Million |
|
Keck Seng Investments (Hong Kong) Limited
PINK:KCKSF
|
$22.37 Million |
|
Northstar Clean Technologies Inc
OTCQB:ROOOF
|
$22.38 Million |
|
VRX Silica Ltd
AU:VRX
|
$22.39 Million |
|
Generation Bio Co
NASDAQ:GBIO
|
$22.36 Million |
|
Kyung Chang Industrial Co. Ltd
KQ:024910
|
$22.36 Million |
|
Kwang Myung El
KO:017040
|
$22.35 Million |
|
NUUO Inc.
TWO:6419
|
$22.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Snow Lake Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 25,497,455 to 48,374,200, a change of 22,876,745 (89.7%).
- Net loss of 11,460,131 reduced equity.
- Share repurchases of 137,570 reduced equity.
- Other comprehensive income decreased equity by 448,891.
- Other factors increased equity by 34,923,337.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.46 Million | -23.69% |
| Share Repurchases | $137.57K | -0.28% |
| Other Comprehensive Income | $-448.89K | -0.93% |
| Other Changes | $34.92 Million | +72.19% |
| Total Change | $- | 89.72% |
Book Value vs Market Value Analysis
This analysis compares Snow Lake Resources Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.26x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 6.18x to 0.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | $0.41 | $2.56 | x |
| 2020-06-30 | $0.40 | $2.56 | x |
| 2021-06-30 | $0.37 | $2.56 | x |
| 2022-06-30 | $2.22 | $2.56 | x |
| 2023-06-30 | $1.29 | $2.56 | x |
| 2024-06-30 | $1.26 | $2.56 | x |
| 2025-06-30 | $9.73 | $2.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Snow Lake Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -23.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.18x
- Recent ROE (-23.69%) is above the historical average (-27.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -28.34% | 0.00% | 0.00x | 1.08x | $-2.07 Million |
| 2020 | -4.92% | 0.00% | 0.00x | 1.07x | $-776.80K |
| 2021 | -14.56% | 0.00% | 0.00x | 1.29x | $-1.17 Million |
| 2022 | -26.74% | 0.00% | 0.00x | 1.05x | $-12.98 Million |
| 2023 | -65.93% | 0.00% | 0.00x | 1.13x | $-17.71 Million |
| 2024 | -26.87% | 0.00% | 0.00x | 1.17x | $-9.40 Million |
| 2025 | -23.69% | 0.00% | 0.00x | 1.18x | $-16.30 Million |
Industry Comparison
This section compares Snow Lake Resources Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,891,869
- Average return on equity (ROE) among peers: -95.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Snow Lake Resources Ltd (LITM) | $51.03 Million | -28.34% | 0.22x | $22.36 Million |
| Asia Broadband Inc (AABB) | $204.90K | -396.88% | 2.89x | $231.65 |
| Altair Resources Inc (AAEEF) | $-288.26K | 0.00% | 0.00x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $-71.30K | 0.00% | 0.00x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $31.17 Million | -4.21% | 0.19x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $3.76 Million | -50.20% | 0.18x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-742.11K | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $5.68 Million | -407.57% | 1.10x | $14.34 Million |