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Lithium miner Snow Lake Resources stock rockets after withdrawing stock offering

Lithium miner Snow Lake Resources stock rockets after withdrawing stock offering

Shares of Snow Lake Resources Ltd. rocketed 43.5% in premarket trading Friday, after closing the previous session at a record low, after the lithium miner withdrew plans to for a relatively large stock offering. After the stock soared 38.3% on Sept. 23, on the back of the company's announcement it would work with South Korea-based LG Energy Solutions Ltd. to build a supply chain for the North America electric vehicle market, Snow Lake disclosed plans for a public offering of 10.0 million shares