Exhibit
4.27


 


 





fully
renewable fullyelectric

 


MEMORANDUM
OF UNDERSTANDING


  


This
Memorandum of Understanding (MOU) is made and entered into as of April 11, 2022;


 


Between:


 


Epiroc
Canada Inc. (Epiroc)


 


And


 


Snow
Lake Resources Ltd.,


d/b/a
Snow Lake lithium Ltd. {Sll}


 


	1.	Purpose
                                            and Scope:



 


The
purpose of this MOU is to clearly identify the role and responsibilities of each party as they relate to the site planning and design
of the World’s first fully electric lithium mine, the Snow Lake Resources Lithium Project in Manitoba Canada.


 


This
MOU is to protect the Intellectual Property and shared knowledge of both companies involved.


 


	2.	Background:



 


Epiroc
was introduced to Snow Lake Lithium through its conversations with Meglab (an Epiroc Company). Conversations with Meglab began through
the signing of an MOU with Meglab in March of 2021.


 


 





	Legal
  Address	 	www.SnowLakeLithium.com	 	Mailing
  Address
	 	 	 	 	
	242
  Hargrave St #1700,	 	 	 	Snow
  Lake Resources ltd
	Winnipeg,
  MB R3C 0Vl	 	 	 	PO
  Box 126 Simcoe Ont N3Y
	Canada	 	 	 	4K8



 






     


     


    

 


 





fully
renewable fullyelectric



 


Snow
Lake has entered into the feasibility studies stage of the project and is moving quickly towards production to meet the demand of the
green energy era.


 


Recent
Government initiatives and focus has been on moving to a renewable economy that is energy independent. Snow Lake’s Manitoba location,
as well as their 97%+ renewable power source (Manitoba Hydro) allows them to be a fully electric mine, from a renewable source, to provide
the cleanest lithium to power North America’s future.


 


The
cornerstone of the project philosophy will be to design and operate an all-electric based mining operation similar to other projects
that Epiroc has been involved in through their company Meglab (the Borden Mine).


 


Newmont
Goldcorp and dignitaries from across Ontario inaugurated the Borden Gold Project, which is being hailed as “mine of the future.”
The Borden mine, located near Chapleau, Ontario, features state of-the-art health and safety controls, digital mining technologies and
processes, and low-carbon energy vehicles - all anchored in a mutually beneficial partnership with local communities. Epiroc/Meglab were
an integral part of the design and construction of this project as well as many others.


 


	3.	Epiroc
                                            Responsibilities:



 


Provide
technical and engineering design advice in regard to overall mine planning. Epiroc agrees to protect any information provided by SLL.


 


	4.	Snow
                                            Lake Lithium Responsibilities:



 


To
protect any information provided by Epiroc for design and engineering on collaboration of project. Epiroc to have opportunity to do future
business with mine project in accordance with all purchasing and tender requirements.


 


	Legal
  Address	 	www.SnowLakeLithium.com	 	Mailing
  Address
	 	 	 	 	
	242
  Hargrave St #1700,	 	 	 	Snow
  Lake Resources ltd
	Winnipeg,
  MB R3C 0Vl	 	 	 	PO
  Box 126 Simcoe Ont N3Y
	Canada	 	 	 	4K8





 



    2


     


    

 












fully
renewable fully electric






 


	5.	Understandings:



 


Work
together in good faith for project planning and to collaborate a best practices philosophy for the continued innovation and design of
an all-electric mine plan. Provide an opportunity for all stakeholders involved (SLL, Epiroc, share holders, local community, regional
suppliers, etc.) to create a world class mine within the given environmental, social, economical responsibilities of all parties.


 


	6.	Duration:



 


This
MOU will be effective for three years from the effective start date unless otherwise extended by written agreement between the parties.
Either party may terminate the MOU earlier for any reason at any time upon delivery to the other party of written notice of termination.


 


	7.	Funding:



 


This
MOU does not include the reimbursement of funds between the two parties.


 


	8.	Arbitration:



 


Any
dispute arising regarding any aspect of this Agreement shall be settled through mutual consultations and agreements by the parties to
the agreement.


 


	9.	Effective
                                            Date and Signature:



 


This
MOU shall be effective upon the signature of representatives of both parties. It shall be in force from April 11, 2022 through April
11, 2025.


 


	Legal
  Address	 	www.SnowLakeLithium.com	 	Mailing
  Address
	 	 	 	 	
	242
  Hargrave St #1700,	 	 	 	Snow
  Lake Resources ltd
	Winnipeg,
  MB R3C 0Vl	 	 	 	PO
  Box 126 Simcoe Ont N3Y
	Canada	 	 	 	4K8





 






    3


     


    

 









fully
renewable fully electric



 


	10.	Signatures:



 


Epiroc
Canada Inc. (Epiroc)


 


	/s/
    Jason Smith	 
	 	 
	By:
    Jason Smith	Date:
    April 11, 2022


 


	 	Snow
    Lake Resources Ltd.,	 
	 	d/b/a
    Snow Lake Lithium Ltd. (SLL}	 
	 	 	 
	 	 	 
	=	/s/
    Philip Gross	
	 	 	 
	 	By:
    Philip Gross	Date:
    April 11, 2022 


  


About
Epiroc


 


Epiroc
is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers.


 


Epiroc
develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface
and underground applications. Also offering world-class service and other aftermarket support as well as solutions for automation, digitalization,
and electrification.


 


 


	Legal
  Address	 	www.SnowLakeLithium.com	 	Mailing
  Address
	 	 	 	 	
	242
  Hargrave St #1700,	 	 	 	Snow
  Lake Resources ltd
	Winnipeg,
  MB R3C 0Vl	 	 	 	PO
  Box 126 Simcoe Ont N3Y
	Canada	 	 	 	4K8


 


 


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