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MEGAWATT LITHM&BATT MTLS - WALRF STOCK NEWS

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The Megawatt Lithium and Battery Metals Corp. has concluded a field visit to its Arctic Fox and Isbjorn Projects in Australia, confirming the presence of substantial outcrop prospects for rare earth elements (REE). Twelve rock-chip samples were collected, highlighting potential mineralization. The team aims to conduct comprehensive surface sampling and mapping in the coming months. CEO David Thornley-Hall noted effective collaboration between desktop findings and field observations. The company plans further exploration to solidify REE potential and assess logistics for a larger campaign.

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-1.38%
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Rhea-AI Summary

Megawatt Lithium and Battery Metals Corp. (OTC PINK: WALRF) announces encouraging findings from a data review of its Artic Fox Project in Australia. The exploration identified six anomalous target areas for rare earth elements (REEs), with notable sample values such as 3,730 ppm Ce in one sample. The technical team plans further exploration, including field visits to reconcile historical data. The Arctic Fox Project is strategically located near significant mineral deposits, with neighboring resources enriching the potential for profitable discoveries.

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-9.97%
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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.

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7.39%
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Megawatt Lithium and Battery Metals Corp. (OTC PINK: WALRF) is enhancing its strategic focus on the Quebec properties, specifically the Route 381 and Mistumis Lithium Projects in the James Bay region. The company aims to ramp up exploration activities following the acquisition of the Mitsumis Lithium Project, expanding its footprint to 12,116 hectares. Initial explorations indicate under-explored areas, and plans for follow-up drill-testing are underway. CEO David Thornley-Hall emphasizes the potential in the lithium market, aiming for a comprehensive exploration campaign to identify valuable targets.

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-0.92%
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Megawatt Lithium and Battery Metals Corp. (OTC PINK: WALRF) has announced an upcoming exploration campaign targeting rare earth elements (REE) and uranium at its Artic Fox and Isbjorn properties in Central Northern Territory. This initiative aligns with the heightened demand for REEs amidst China's market dominance and the growing interest in uranium due to rising prices and nuclear energy's relevance in reducing carbon emissions. The company aims to verify its historical data and expand its exploration program, citing promising historical findings of uranium mineralization in the area.

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-3.97%
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Megawatt Lithium and Battery Metals Corp. (OTC PINK: WALRF) has staked 229 new mineral exploration claims in the James Bay area of Quebec, covering 12,116 hectares. This acquisition complements the existing Route 381 Lithium project, allowing the company to explore two distinct zones in the region. The new claims are accessible via a powerline corridor, reducing helicopter reliance for exploration. CEO David Thornley-Hall expressed optimism about the new claims' potential, indicating significant opportunities for exploration in this promising area.

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Megawatt Lithium and Battery Metals Corp. (OTC PINK: WALRF) has announced initial results indicating lithium potential at its Tyr Project in New South Wales, Australia. A grab sample yielded 520 ppm Li, alongside significant levels of Sn and Rb. Additional samples for lithium, silver, and gold have been sent for analysis. The company plans to conduct a ground magnetics survey over the Burra and Torny old Silver mines and further sampling and mapping based on assay results expected soon. Megawatt holds interests in various mineral properties across Canada and Australia.

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3.66%
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0.05%
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Rhea-AI Summary

Megawatt Lithium and Battery Metals Corp. (OTC PINK: WALRF) is accelerating uranium exploration at its Arctic Fox and Isbjorn Projects in Northern Territory, Australia. This decision follows promising results from a geological interim report that highlights significant uranium potential. With uranium prices reaching approximately US$42/lb, and predictions of rising to US$48/lb by 2024, the company aims to capitalize on favorable market conditions. The Northern Territory government supports uranium mining, enhancing Megawatt's strategic position in this sector.

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6.4%
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Rhea-AI Summary

Megawatt Lithium and Battery Metals Corp (OTC PINK: WALRF) has completed its field reconnaissance and sampling program at the Arctic Fox and Isbjorn properties in Australia's Northern Territory. These properties are prospective for rare earth elements (REEs) like neodymium and praseodymium, adjacent to significant projects like Nolans Bore. The Arctic Fox area spans 785.39 km² and Isbjorn covers 650 km². Samples collected will be analyzed in Perth, with results expected soon. CEO David Thornley-Hall expressed optimism for advancing toward a drill program based on the upcoming data.

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FAQ

What is the market cap of MEGAWATT LITHM&BATT MTLS (WALRF)?

The market cap of MEGAWATT LITHM&BATT MTLS (WALRF) is approximately 9.6M.

MEGAWATT LITHM&BATT MTLS

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WALRF Stock Data

9.64M
34.77M
2.39%
0.01%
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