F
Frontier Nuclear & Minerals Inc.
FNUCCIK 0001769697NasdaqNon-AcceleratedEmerging GrowthMiscellaneous Metal OresA2CAFY ends Jun 30
Period
FY 2025
Revenue
—
Net Income
—
Total Assets
$78.13M
Equity
—
Shares Out
8.75M
Op. Cash Flow
—
Business
Snow Lake Resources Ltd. is a Canadian nuclear fuel cycle and critical minerals company that explores for and develops uranium and other critical mineral resources and holds strategic energy investments. It offers exploration, drilling, project development and equity investments, along with interests in uranium enrichment and small modular reactor initiatives. Key business units include Snow Lake Exploration Ltd., Snow Lake (Crowduck) Ltd., Global Uranium Acquisition Pty Ltd., Engo Valley Pty Ltd., Snow Lake Investments (US) Ltd., Snow Lake Exploration (US) Ltd., and minority/majority interests in project companies. The company operates through joint ventures, asset-holding subsidiaries and investments across the United States (Wyoming), Namibia and Manitoba, Canada, with additional corporate and holding activities in Australia and the U.S.
Summary from filing dated 2025-10-31
Financials
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Jun 30, 2025 2025-06-30 | Jun 30, 2024 2024-06-30 |
|---|---|---|---|
| Statement of financial position [abstract] | — | — | |
| Cash and Cash Equivalents | 18 | 3 | |
| Sales tax receivable (Note 4) | 81,395 | 40,694 | |
| Prepaid Expenses | 689,127 | 706,634 | |
| Short-term loan receivable (Note 6) | 2 | — | |
| Short-Term Investments | 2 | — | |
| Total Current Assets | 22 | 3 | |
| Exploration and evaluation assets (Note 8) | 33 | 27 | |
| Investment in joint venture (Note 9) | 17 | — | |
| Long-term loan receivable (Note 10) | 1 | — | |
| Long-term investment (Note 11) | 5 | — | |
| Operating Lease Right-of-Use Asset | — | 29,040 | |
| Total Assets | 78 | 30 | |
| Accounts payable and accrued liabilities | 2 | 689,944 | |
| Total Current Liabilities | 127,925 | 141,144 | |
| Operating Lease Liability, Current | — | 31,107 | |
| Total Current Liabilities | 111,913 | 305,025 | |
| Deferred liabilities (Note 9) | 5 | — | |
| Other Non-Operating Current Liabilities | — | 773,891 | |
| Total Current Liabilities | 7 | 2 | |
| Deferred liabilities (Note 9) | 5 | — | |
| Flow-through premium liability (Note 17) | — | 2 | |
| Total Liabilities | 12 | 4 | |
| Total Stockholders' Equity | 107 | 50 | |
| Share-based payments reserve (Note 20) | 2 | 2 | |
| Retained Earnings | −43 | −27 | |
| Total Shareholders’ Equity | 66 | 25 | |
| Total Liabilities and Equity | 78 | 30 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Jun 30, 2025 2025-06-30 | Jun 30, 2024 2024-06-30 | Jun 30, 2023 2023-06-30 |
|---|---|---|---|---|
| Statement of cash flows [abstract] | — | — | — | |
| Profit or Loss | −16 | −7 | −15 | |
| Depreciation on right-of-use assets (Note 12) | 29,040 | 31,680 | 2,640 | |
| Issuance of warrants for claims settlement | — | — | 979,294 | |
| Accretion expense (Note 14) | 1,735 | 5,907 | 1,841 | |
| Interest income (Note 10) | −28,932 | — | — | |
| Issuance of warrants for services (Notes 15, 21) | 129,440 | 171,631 | 409,495 | |
| Loss on termination of property options (Note 8) | 1 | 5 | — | |
| Loss (gain) on change in fair value of derivative liabilities (Note 15) | 322,552 | 2 | −246,460 | |
| Unrealized gain on change of fair value of investments (Note 7, 11) | −847,813 | — | — | |
| Realized loss on sale of short-term investments (Note 7) | 41,063 | — | — | |
| Share of loss on investment in joint venture (Note 9) | 17,315 | — | — | |
| Issuance of shares per marketing service agreements | — | 92,443 | — | |
| Loss on debt settled through the issuance of shares (Note 18) | 4 | 74,684 | — | |
| Issuance of shares per agreements (Note 18) | — | — | 157,502 | |
| Premium on flow-through shares (Note 17) | 2 | 1 | — | |
| Reversal on flow-through premium liability (Note 17) | −460,974 | — | — | |
| Stock-based compensation (Notes 16, 18, 19, 20, 23) | 361,977 | 953,845 | 3 | |
| Net Cash from Operating Activities | −60 | 12,237 | −812 | |
| Total adjustments to reconcile profit (loss) | −14 | −4 | −11 | |
| Sales tax receivable | 40,701 | −140,503 | −112,967 | |
| Prepaids and deposits | −297,399 | 177,238 | 66,645 | |
| Due from related party | — | −10,287 | — | |
| Change in Accounts Payable | 5 | 272,526 | 581,531 | |
| Change in Accounts Receivable | −13,219 | 54,528 | −23,658 | |
| Cash Flows used in Operating Activities | −9 | −4 | −10 | |
| Proceeds from Debt Issuance | 63 | 8 | — | |
| Share issuance costs (Note 18) | 16 | 215,377 | — | |
| Shares repurchased | −191,898 | — | — | |
| Cash in lieu on shares consolidation | −3,740 | — | — | |
| Repayment of loan | — | — | −201,532 | |
| Net Cash from Financing Activities | — | — | 31,578 | |
| Payment on redemption of restricted share units (Notes 16, 19, 23) | −863,280 | −546,476 | — | |
| Payments made on lease deposit | — | — | −18,367 | |
| Lease payments (Note 14) | −32,842 | −35,828 | −2,986 | |
| Cash Flows provided by (used in) Financing Activities | 46 | 7 | −191,307 | |
| Payments for exploration and evaluation assets | 6 | 4 | 9 | |
| Investments in Joint Venture (Note 9) | −6 | — | — | |
| Investment in short-term loan receivable (Note 6) | −2 | — | — | |
| Purchases of short-term investments (Note 7) | −714,132 | — | — | |
| Investment in long-term loan receivable (Note 10) | −1 | — | — | |
| Purchases of long-term investments (Note 11) | −5 | — | — | |
| Proceeds from sale of short-term investments (Note 7) | 139,422 | — | — | |
| Cash Flows used in Investing Activities | −21 | −4 | −9 | |
| (Decrease) Increase in Cash | 15 | −1 | −20 | |
| Cash, end of year | — | — | — | |
| Cash, end of year | — | — | — | |
| Exploration and evaluation assets in accounts payable | 160,360 | 132,859 | 388,107 | |
| Share issuance costs in accounts payable | 662,083 | — | — | |
| Fair value of agent’s warrants issued as share issuance costs | — | 139,639 | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro