Snow Lake Resources Ltd (NASDAQ:LITM), operating as Snow Lake Energy, shares are trading higher by 26.6% to 52 cents during Tuesday’s session. The company announced a $10 million share repurchase program.

What To Know: Snow Lake Resources says the company's board believes its stock may be undervalued and sees the buyback as a strategic use of corporate funds to enhance liquidity.

Initially, Snow Lake plans to repurchase up to 4,926,476 common shares through ThinkEquity LLC via Nasdaq, using open market purchases, private transactions, or other legal methods. But, the actual number of shares bought will depend on market conditions and regulatory constraints

The program begins on March 24, and runs for a month, ending either on April 24 or once the buyback limit is reached. Snow Lake retains the right to adjust or terminate the program at its discretion based on liquidity, market conditions, and corporate needs.

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How To Buy LITM Stock

By now you're likely curious about how to participate in the market for Snow Lake Resources – be it to purchase shares or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

According to data from Benzinga Pro, LITM has a 52-week high of $1.88 and a 52-week low of $0.15.