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Megawatt Lithium and Battery Metals Corp. (OTC PINK: WALRF) has completed its sampling and prospecting field work at the Route 381 Lithium Project in the James Bay district, taking 56 surface samples, including 51 channel samples. The project showed promising signs with visible spodumene in various samples. The West Dyke was traceable for over 350m, with widths reaching 2.5m. Results will aid in defining a drill program. Samples have been sent to ALS Laboratories for analysis, with results expected soon.
Megawatt Lithium and Battery Metals Corp. (OTC PINK: WALRF) has shared a project update on its Kodiak site in New South Wales, highlighting its potential for nickel-cobalt-scandium mineralization. Located near established projects, Kodiak is well-positioned with easy access to infrastructure. Additionally, Megawatt has engaged Orix Geoscience to conduct exploration at the Route 381 Lithium project in Quebec, where high-grade lithium has been sampled. The field program will begin in late July and aims to expand on recent findings.
Megawatt Lithium and Battery Metals Corp. (OTC PINK: WALRF) has appointed Elmore Limited as the lead geological consultancy for the Arctic Fox and Isbjorn properties in Northern Territory, Australia. These properties show potential for rare earth elements, particularly neodymium and praseodymium, as well as uranium oxide mineralization. The appointment follows promising reports indicating favorable demand-supply dynamics for rare earths and uranium, driven by green policies and electric vehicle adoption. The exploration campaign will last 8-10 days, involving geological mapping and sampling, potentially leading to targeted drilling.
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.
Megawatt Lithium and Battery Metals Corp. (OTC PINK: WALRF) announced significant findings from its data review on the Arctic Fox and Isbjorn properties in Australia. Historical assays revealed high concentrations of rare earth elements (REE) and uranium, with Arctic Fox yielding up to 10.10% Ce and 1,000ppm U. The properties are strategically located near known reserves, enhancing exploration potential. CEO David Thornley-Hall expressed optimism for further exploration, indicating a focus on REE and uranium zones for upcoming field analysis.
MegaWatt Lithium and Battery Metals Corp. (OTC: WALRF) announced positive developments regarding its recently acquired Artic Fox and Isbjorn properties in Northern Territory, Australia. Following further due diligence, the properties are now considered prospective for uranium mineralization, complementing their known potential for rare earth elements (REE). The surge in uranium prices due to global demand for green energy enhances interest in the sector, with the Northern Territory recognized for its high-grade uranium deposits. The Board is evaluating strategies for exploration acceleration.
Megawatt Lithium and Battery Metals Corp. has initiated a rare earth element (REE) sampling program at its Arctic Fox and Isbjorn properties in Northern Territory, Australia, due to anticipated global REE supply shortages. Rising demand, particularly for neodymium and praseodymium, driven by green stimulus and electric vehicle adoption, has created a significant market opportunity. A study predicts the magnet REE oxide market could grow from $3 billion to $15 billion by 2030, with annual price increases of 5-10%. Development plans for the properties will proceed following necessary approvals.
Megawatt Lithium and Battery Metals Corp (OTC PINK: WALRF) announced the completion and filing of an NI 43-101 Technical Report for its Tyr Silver Project in New South Wales and Century South Project in Queensland, Australia. The report, prepared by Xplore Resources, highlights significant mineral occurrences, particularly silver, across both projects. The Tyr Project has over 145 recorded mineral occurrences, while the Century South location is noted for its proximity to the Century Mine, indicating potential for mineralization. Both projects show promise for further exploration.
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