Megawatt plans field program at Route 381 Lithium Project, Quebec

Rhea-AI Summary

Megawatt Lithium and Battery Metals Corp. (OTC: WALRF) is initiating a field program at its newly acquired Route 381 Lithium Project in Quebec, covering 2,126 hectares. This project consists of 40 mineral claims and benefits from excellent logistics, including adjacent hydro power and road access. Grab samples have shown up to 2.77% Li2O. The program will focus on prospecting, mapping, and sampling to explore spodumene-bearing pegmatites and identify new lithium sources in the region.

Positive

• Initiation of a field program at the Route 381 Lithium Project.
• Project covers a significant area of 2,126 hectares with 40 mineral claims.
• Excellent logistical advantages due to proximity to hydro power and road access.
• High-grade lithium samples reported, with grab samples showing up to 2.77% Li2O.

Negative

• None.

VANCOUVER, BC, June 17, 2021 /PRNewswire/ - Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTC: WALRF) (the "Company" or "Megawatt") is pleased to announce it is moving forward with a field program at the recently acquired Route 381 Lithium Project  comprised of 40 mineral claims located in James Bay Territory, north of Matagami in the Province of Quebec, and covering 2,126 hectares. The project benefits from excellent logistics with adjacent Hydro power available and road access. Grab samples of up to 2.77% Li2O are reported.

The work will consist of a prospecting, mapping and channel sampling program focused on the previously identified spodumene bearing pegmatites.  The program will also involve regional exploration to identify additional lithium bearing pegmatites.

David Thornley-Hall, Chief Executive Officer commented: "We look forward to reviewing the results of our seasonal exploration work at Route 381.  We were attracted to the project by its nature in Quebec's hard-rock lithium district with a number of actively advancing lithium projects in the vicinity."

Qualified Person

Mr. Geoffrey Reed (MAusMM (CP)) (MAIG), Consultant for the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects and has reviewed the scientific and technical information in this press release.

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 60% 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 August 13, 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 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).

Investors can learn more about the Company and team at 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.

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SOURCE MegaWatt Lithium and Battery Metals Corp.

FAQ

What is the Route 381 Lithium Project?

The Route 381 Lithium Project is a newly acquired lithium exploration project by Megawatt Lithium, located in Quebec and covering 2,126 hectares.

What are the key benefits of the Route 381 Lithium Project?

The project benefits from excellent logistics, including nearby hydro power and road access, which facilitate exploration efforts.

What were the lithium grades reported from the Route 381 project?

Grab samples from the Route 381 project reported lithium grades of up to 2.77% Li2O.

What is Megawatt Lithium's stock symbol?

The stock symbol for Megawatt Lithium and Battery Metals Corp. is WALRF.

When was the field program for Route 381 announced?

The field program for the Route 381 Lithium Project was announced on June 17, 2021.