Mr. Kelvin Lee reports
MEGAWATT ANNOUNCES CHANGE IN MANAGEMENT
David
Thornley-Hall has resigned as a director and chief executive officer of Megawatt Lithium and Battery Metals Corp. to pursue other opportunities. The
company would like to thank Mr. Thornley-Hall for his contributions to the company.
The company is pleased to also announce that Casey Forward, CPA, CGA, has been appointed as
interim CEO of the company to fill the vacancy. Mr. Forward has been involved in junior mining
companies for many years. He has served in senior management positions for a number of public and
private companies with projects in Canada, United States and South America in his career.
Pursuant to the company's share option plan and subject to regulatory approval, the company has
granted 200,000 stock options to Mr. Forward. The options are exercisable into
common shares in the capital of the company at an exercise price of 11 cents per share
for a period of two years from the date of grant of the options. The shares to be issued on the exercise
of the options will be subject to a hold period of four months and a day from the date of grant of the
options.
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-per-cent undivided interest, subject to a 1.5-per-cent net smelter return royalty on all base metals,
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-per-cent interest in a company that indirectly holds a 100-per-cent
interest (subject to a 2-per-cent 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 Oct. 15, 2020), and an
indirect 100-per-cent interest (subject to a 1-per-cent 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-per-cent interest (subject to a 2-per-cent NSR) in and to the Route 381 lithium property,
comprising 40 mineral claims located in James Bay Territory, north of Matagami in the province of
Quebec, covering 2,126 hectares (see press release dated Feb. 3, 2021), and a 100-per-cent 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 kilometres.
We seek Safe Harbor.
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