** Shares of Snow Lake Resources LITM.O drop 16% to $0.35 premarket as uranium and lithium miner looks to raise equity
** Canadian-based firm late Thurs filed up to $50 mln ATM ("at-the-market") share offering with ThinkEquity as sales agent
** Co plans to use net proceeds from any sales for general corp purposes and working capital
** With ~101.7 mln shares outstanding, co has ~$42 mln market cap
** Australia's Nova Minerals Ltd NVA.AX owned ~36.29% of the co's shares, as of the date of the filing
** Through last close on Thurs, LITM shares had shed 57% YTD
** Co went public in Nov 2021 IPO priced at $7.50
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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