Megawatt engages Japosat for Satellite Imagery Analysis at Mistumis Lithium Property, James Bay, Quebec

Rhea-AI Summary

Megawatt Lithium and Battery Metals Corp. (CSE: MEGA, OTC PINK: WALRF) has engaged Japosat Satellite Mapping to analyze satellite imagery at its Mistumis Property in Quebec's James Bay Territory. This property spans 2,126 hectares and comprises 40 mineral claims. Japosat's analysis aims to identify areas suitable for lithium mineralization and prioritize sampling locations, enhancing the upcoming fieldwork. CEO David Thornley-Hall emphasized that this tool will refine their exploration strategy in an underexplored area.

Positive

• Engagement of Japosat Satellite Mapping for detailed satellite imagery analysis.
• Focus on identifying potential lithium mineralization areas at Mistumis Property.
• Strategic planning for enhanced fieldwork in underexplored regions.

Negative

• None.

CSE: MEGA
www.megawattmetals.com

VANCOUVER, BC, May 13, 2022 /PRNewswire/ - Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTC PINK: WALRF) (the "Company" or "Megawatt") announces it has engaged Japosat Satellite Mapping ("Japosat") of Montreal, Quebec to provide analysis of satellite imagery at the Company's Mistumis Property in the James Bay Territory, Quebec. The Mistumis property consists of 40 mineral claims located in James Bay Territory, north of Matagami in the Province of Quebec, covering 2,126 hectares. Japosat will acquire and process satellite imagery in order to provide detailed data identifying areas of mineral surface outcrop, areas with potential for lithium mineralization, priority locations for surface sampling and accessibility information.  The analysis of the data will be used to formulate the upcoming season's sampling and prospecting field work planned at the Mistumis property.    

David Thornley-Hall, CEO, commented, "We are procuring satellite imagery analysis at Mistumis as an initial tool that will provide significant information to finetune our program in advance of putting boots on the ground over a large and relatively unexplored area."  

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 an 80% 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 nickelcobalt-scandium and rare earths and 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 229 additional mineral exploration claims ("the new claims") in the James Bay area of Quebec. The new claims cover an area of 12,116 hectares or 121 square kms.

Investors can learn more about the Company and team at https://megawattmetals.com.

ON BEHALF OF THE BOARD

"David Thornley-Hall"
Chief Executive Officer

The Canadian Securities Exchange has not in any way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release.

The securities issued in connection with the Transaction have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

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SOURCE MegaWatt Lithium and Battery Metals Corp.

FAQ

What is the recent announcement by Megawatt Lithium and Battery Metals regarding the Mistumis Property?

Megawatt Lithium and Battery Metals has engaged Japosat Satellite Mapping to analyze satellite imagery at the Mistumis Property, aiming to enhance exploration efforts.

What is the focus of the satellite imagery analysis conducted by Japosat for Megawatt?

The analysis will identify areas for lithium mineralization and prioritize surface sampling locations.

Where is the Mistumis Property located?

The Mistumis Property is located in the James Bay Territory of Quebec, covering 2,126 hectares.

What does this satellite analysis mean for Megawatt's exploration plans?

It aims to refine the exploration strategy and fieldwork in a relatively unexplored area.

What are the stock symbols for Megawatt Lithium and Battery Metals?

The stock symbols for the company are CSE: MEGA and OTC PINK: WALRF.