MEGAWATT LITHM&BATT MTLS - WALRF STOCK NEWS

Megawatt Lithium and Battery Metals Corp. announced a proposed consolidation of its shares at a ratio of one post-consolidation share for every ten pre-consolidation shares. Currently, the company has 87,587,318 common shares outstanding, which will reduce to approximately 8,758,732 shares post-consolidation. This move is necessary as the company's shares are trading below the minimum price required by the Canadian Securities Exchange for issuing new shares from treasury. The consolidation will not affect the company's name or trading symbol. Additionally, outstanding stock options and warrants will be adjusted accordingly. The company holds interests in several lithium and precious metal projects across British Columbia and Quebec in Canada, and also in silver-zinc projects in Australia.

Megawatt Lithium and Battery Metals Corp. (OTCQB: WALRF) announced the results of its soil sampling program at the Mistumis project in Quebec. In late 2022, the company collected 1,918 samples aimed at identifying lithium mineralization. Key findings revealed numerous lithium anomalism areas, particularly at Anomaly A, where significant correlations with Caesium and Rubidium were noted. The Mistumis project spans 12,116 hectares and includes recommendations for a follow-up exploration program, including additional mapping, a phase 2 soil survey, and a planned drilling program. These developments align with regional trends in lithium exploration.

Megawatt Lithium and Battery Metals Corp. (OTCQB: WALRF) announced positive assay results from its rock chip sampling program at the Arctic Fox Project in Northern Territory, Australia. The program involved 58 samples, with significant findings indicating rare earth element (REE) mineralization. Key results include a sample returning 2,160 ppm TREO, highlighting the project's potential. A follow-up helicopter-borne sampling and mapping program is planned to explore hard-to-access areas. The Arctic Fox Project is strategically located near Arafura Resources' Nolan's Bore REE deposit, suggesting promising geological similarities.

Megawatt Lithium and Battery Metals Corp. (OTCQB: WALRF) has completed a soil sampling campaign at its lithium-focused Mistumis project located in Quebec's James Bay Region, covering 120 square kilometers. A total of 1,918 soil samples were sent to Activation Laboratories for ICP-OES+ICP-MS analysis, with results expected in about 6 weeks. CEO David Thornley-Hall emphasized the importance of this systematic exploration approach following earlier drone surveys. The company holds a 100% interest in the Mistumis project.

Megawatt Lithium and Battery Metals Corp. (OTCQB: WALRF) has entered a mineral property option agreement with Cygnus Gold Limited allowing Cygnus to acquire up to an 80% interest in Megawatt's Route 381 and Mitsumis Projects in Quebec. The agreement requires Cygnus to invest $2 million in exploration over three years, including an initial payment of $175,000. Cygnus can opt for an initial 51% interest and later an additional 29% upon meeting specified conditions. This collaboration aims to advance the lithium projects significantly.

MegaWatt Lithium and Battery Metals Corp. (OTCQB: WALRF) has closed the first tranche of its non-brokered private placement, raising $656,000 through the issuance of 400,000 NFT Units and 8,400,000 FT Units. Each NFT Unit is priced at $0.065, while FT Units are at $0.075. The proceeds will support project exploration in Canada and Australia, and general working capital. The company has also incurred a cash commission of $43,960 to finders and plans a second tranche of the offering.

Megawatt Lithium and Battery Metals Corp. (OTCQB: WALRF) has commenced fieldwork at its Route 381 and Mistumis Lithium projects in Quebec's James Bay Territory. The initiative includes a high-resolution drone survey and mapping to explore lithium-bearing pegmatites over approximately 3,600 hectares. The project, expected to last five weeks, aims to deliver results that could enhance the company's lithium exploration potential. CEO David Thornley-Hall expressed enthusiasm for the new exploration opportunities.