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08:01:13 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Megawatt Lithium and Battery Metals Corp (2)
Symbol MEGA
Shares Issued 87,587,318
Close 2023-08-04 C$ 0.16
Market Cap C$ 14,013,971
Recent Sedar+ Documents

Megawatt Lithium arranges $1.4-million placement

2023-08-04 18:51 ET - News Release

Subject: Megawatt Lithium and Battery Metals Corp. - news release dated August 4, 2023 Word Document File: '\\swfile\EmailIn\20230804 154634 Attachment MegaWatt - news release announcing private placement of shares at $0.16....DOCX' - 2 - LEGAL_41989121.1 Megawatt Announces Non-Brokered Private Placement of Shares Vancouver, British Columbia--(August 4, 2023) - Megawatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the "Company" or "Megawatt") announces that, it will proceed with a non-brokered private placement of up to 8,750,000 common shares of the Company (the "Shares") at $0.16 per Share for gross proceeds of up to $1,400,000 (the "Offering"). The Company may pay a finder's fee on the Offering within the amount permitted by the policies of the Canadian Securities Exchange ("CSE"). The Company will use the net proceeds from the Offering for exploration and general working capital. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Offering is not subject to a minimum aggregate amount of subscriptions. About MegaWatt Lithium and Battery Metals Corp. MegaWatt is a British Columbia based company involved in the acquisition and exploration of mineral properties in Canada. The Company holds a 100% undivided interest, subject to a 1.5% NSR on all base, rare earth elements and precious metals, in the Cobalt Hill Property, consisting of eight mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division in the Province of British Columbia, Canada. Additionally, the Company has acquired a 100% interest in a company that indirectly holds a 100% interest (subject to a 2% NSR) in two prospective silver-zinc projects in Australia, being the Tyr Silver Project and the Century South Silver-Zinc Project (see press release dated October 15, 2020), an indirect 100% interest (subject to a 1% NSR) in and to certain mining tenements in Northern Territory and New South Wales, Australia prospective for nickel-cobalt-scandium and rare earth elements. The Company holds a 100% interest (subject to a 2% NSR) in and to the Route 381 Lithium Property, comprised of 40 mineral claims located in James Bay Territory, north of Matagami in the Province of Quebec, covering 2,126 hectares (see press release dated February 3, 2021) and a 100% interest in 229 additional mineral exploration claims prospective for lithium, also in the James Bay area of Quebec covering an area of 12,116 hectares or 121 square kms. Investors can learn more about the Company and team at https://megawattmetals.com. For further information: David Thornley-Hall, Chief Executive Officer, david@megawattmetals.com Related Links https://megawattmetals.com The CSE does not accept responsibility for the adequacy or accuracy of this release. This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the trading of the Company's common shares on the Exchange and the Company's use of proceeds and are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward- looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release. SOURCE MegaWatt Lithium and Battery Metals Corp. FOR FURTHER INFORMATION PLEASE CONTACT: David Thornley-Hall Chief Executive Officer david@megawattmetals.com

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