oldstocks
1 year ago
$WALRF Megawatt Lithium And Battery Metals Corp. Quarterly Report
https://www.otcmarkets.com/otcapi/company/financial-report/360848/content
Cobalt Hill
Pursuant to an option agreement dated February 5, 2018, amended on April 25, 2019 and July 3, 2020, the Company was granted an option to acquire a 100% undivided interest in certain Cobalt Hill mineral claims (“Cobalt Hill”) located in the Trail Creek Mining Division in British Columbia. In 2021, the Company fulfilled the terms of the option agreement and acquired a 100% undivided interest in Cobalt Hill
Tyr Silver Project and Century South Silver-Zinc Project On October 15, 2020, pursuant to the terms of the definitive agreement dated August 13, 2020, the Company closed the acquisition for 60% of TargetCo (Note 4a) which owns 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. On April 5, 2022, pursuant to the terms of the Definitive Agreement dated March 25, 2022, the Company closed the acquisition of an additional 20% of TargetCo
James Bay Lithium Project In January 2021, the Company completed the acquisition of a 100% interest in and to the Route 381 Lithium, comprised of 40 mineral claims located in James Bay Territory in Quebec. In consideration for the acquisition, the Company paid the vendors an aggregate of $60,000 in cash and issued 4,000,000 common shares of the Company with a fair value of $1,720,000. In addition, the Company is subject to grant vendors a 2% NSR. In December 2021, the Company acquired, by way of staking, 229 mineral exploration claims prospective for lithium in the James Bay region of Quebec, Canada (“Mitsumis”)
New Age Co Properties On April 14, 2021, the Company announced that it had completed the acquisition of all issued and outstanding securities of New Age Co (Note 4b). Rare Earth Elements (“REE”) (Northern Territory) - Arctic Fox and Isbjorn Located in Australia’s Northern Territory, both properties are in the exploration stage. Arctic Fox is contiguous with the Nolans Bore REE project and the Isbjorn asset is contiguous to the Charley Creek REE project. Nickel-cobalt-scandium-HPA (New South Wales) - Chinook, Kodiak & Caribou The three nickel-cobalt-scandium-HPA properties - Chinook, Kodiak and Caribou are located in Australia’s central New South Wales, which is considered by management to be a highly prospective region of exploration.
oldstocks
2 years ago
Magnetic Survey Results at Tyr Property in Australia
A drone magnetics survey was completed by independent contractor AirGeoX in mid-July 2022 over an area covering the old Burra and Torny Silver workings. The survey totalled 123-line km was flown at a height of 35m over a 20m-by-20m grid pattern.
Mapping and rock chip sampling over the survey area prior to the magnetics survey showed geochemical dispersion on the surface associated with base metal mineralisation in and around both of the old silver workings.
The base metal mineralisation is polymetallic in nature and the mineralisation is formed in multiple vein arrays believed to be mostly parallel to sub-parallel to the main controlling structure at each specific location.
The predominantly silver lead zinc base metal mineralisation is believed to be structurally controlled and associated with three main structures whose orientations are NW, SE and EW. It has been postulated that at the intersection of at least two, and sometimes all three of these structures, a loci were formed for the accumulation of significant mineralisation.
Highlights of Megawatt's 2020 and 2021 sampling programs of for both the Torny and Burra Prospects include the following assay results:
•
• 504g/t Silver, 0.22% Cu, 6.44% Pb and 9.57% Zn, 8220 ppm Sb – grab sample
• 389g/t Silver, 0.63% Cu, 2.64% Pb and 10.95% Zn – grab sample
• 355g/t Silver, 0.04% Cu, 1.70% Pb and 0.14% Zn – grab sample
• 43g/t Silver, 0.04%Cu, 1.22% Pb and 12.45% Zn -Burra adit
The Torny Prospect has minor copper mineralisation associated with the silver-lead-zinc as well as significant antimony (Sb).
The Burra Prospect has higher copper and zinc than Torny but less lead and negligible antimony.
The data used in the above sample results were derived from recent grab sampling of old workings where both mineralised looking and non-mineralised looking material were selected based on the overall degree of representation of each type of material on the old dumps.
Mapping of the area suggested that the surface expression of these structures could n
https://www.otcmarkets.com/stock/WALRF/news/Encouraging-Magnetic-Survey-Results-at-Tyr-Property-in-Australia?id=370605
oldstocks
2 years ago
Megawatt Lithium and Battery Metals Corp. to List Shares on OTCQB
Press Release | 04/26/2022
Megawatt Lithium and Battery Metals Corp. to List Shares on OTCQB
Canada NewsWire
VANCOUVER, BC, April 26, 2022
VANCOUVER, BC, April 26, 2022 /CNW/ - Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTCQB: WALRF) (the "Company" or "Megawatt") is pleased to announce that on April 20, 2022 its common shares commenced trading on the OTCQB under the symbol "WALRF". The Company's common shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol "MEGA".
MegaWatt Logo (CNW Group/MegaWatt Lithium and Battery Metals Corp.)
David Thornley-Hall, CEO, commented, "This upgraded listing from the OTC Pink Sheets to the OTCQB will enhance the visibility of our Company, making it accessible to a much broader range of U.S. investors and brokers at a time when the commodities complex including lithium, and rare earths specifically, are experiencing unprecedented demand, and when demand for mining exploration stocks in top jurisdictions is on the rise."
The OTCQB is a US trading platform that is operated by the OTC Markets Group in New York and is the premier marketplace for entrepreneurial and development stage U.S. and international companies that are committed to providing a high-quality trading and information experience for their US investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
By meeting and maintaining the stricter eligibility requirements of the OTCQB listing, the Company benefits from Blue-Sky exemptions, certain U.S. state securities laws, which has the potential to further enhance trading volumes through an expansion of investment advisers' ability to recommend investments to their U.S. clients. North American and international investors can find Real-Time level 2 quotes (denominated in US dollars) and market information for the Company common shares at https://www.otcmarkets.com/stock/WALRF/overview along with current company news.
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 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) 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.
SOURCE MegaWatt Lithium and Battery Metals Corp.
Thugmuffin
2 years ago
$WALRF MegaWatt Enters into Definitive Agreement to Acquire an additional 20% Interest in 1256714 B.C. Ltd.Press Release | 03/31/2022
MegaWatt Enters into Definitive Agreement to Acquire an additional 20% Interest in 1256714 B.C. Ltd.
Canada NewsWire
VANCOUVER, BC, March 31, 2022
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, BC, March 31, 2022 /CNW/ - Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTC PINK: WALRF) (the "Company" or "Megawatt") is pleased to announce, further to its news release dated October 15, 2020, that it has entered into a share purchase agreement dated effective March 25, 2022 (the "Definitive Agreement") with certain shareholders (the "Shareholders") of 1256714 B.C. Ltd. ("BC Co"), pursuant to which, subject to regulatory approval, the Company will acquire an additional 20% of the issued and outstanding shares of BC Co (the "Proposed Transaction"). The Company currently holds 60% of the issued and outstanding shares of BC Co. Upon completion of the Proposed Transaction, the Company will hold 80% of the issued and outstanding shares in BC Co. BC Co owns 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. For details of these two projects, please refer to the Company's news release dated October 15, 2020.
MegaWatt (CNW Group/MegaWatt Lithium and Battery Metals Corp.)
The Proposed Transaction
Pursuant to the terms of the Definitive Agreement, upon the date of closing (the "Closing Date") of the Proposed Transaction, MegaWatt will acquire an additional 20% of the issued and outstanding securities of BC Co in consideration for the issuance of 7,500,000 common shares of the Company (the "Payment Shares") pro rata to the Shareholders at a deemed price of $0.13 per Payment Share.
The Proposed Transaction remains subject to certain closing conditions including, without limitation, (a) the receipt by the Company of all necessary corporate and regulatory approvals, including the approval of the Canadian Securities Exchange ("CSE"), as applicable; and (b) each party's representations and warranties in the Definitive Agreement being true and correctin all aspects as of the Closing Date, and each party meeting its terms and conditions and completing its covenants and obligations as contained therein. There can be no guarantees that the Proposed Transaction will be completed as contemplated or at all. The Proposed Transaction is anticipated to close on or before April 15, 2022.
No change in management or the Board of Directors of MegaWatt will occur in connection with the Proposed Transaction.
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 silverzinc 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).
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 Proposed 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.
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 completion of the Proposed Transaction 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.
Thugmuffin
2 years ago
$WALRF Megawatt Focusing on Developing Prospective Lithium Properties in James Bay Region, QuebecPress Release | 02/24/2022
Megawatt Focusing on Developing Prospective Lithium Properties in James Bay Region, Quebec
PR Newswire
VANCOUVER, BC, Feb. 24, 2022
VANCOUVER, BC, Feb. 24, 2022 /PRNewswire/ - Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTC PINK: WALRF) (the "Company" or "Megawatt") is finetuning its strategic intent for the Quebec properties, with the focus shifting to ramp up exploration activity across the Route 381 and Mistumis Lithium Projects1 in the James Bay region. With the global lithium market in the midst of a cyclical upturn, the Board is keen to identify potential targets across the properties for follow up drill-testing.
SIZEABLE FOOTPRINT IN HIGHLY PROSPECTIVE REGION
The recent acquisition of the Mitsumis Lithium Project, which complements the Route 381 Lithium Project, delivers Megawatt a sizeable footprint in the James Bay region which is highly prospective for lithium mineralisation (Figure 1). Mitsumis consists of 229 mineral exploration claims in the James Bay area of Quebec. The claims cover an area of 12,116 hectares or 121 square kms. Notably, the properties are proximal to Allkem's (AKE: ASX/TSE) advanced James Bay Lithium Project which is a hard rock operation with ore reserves at 37.2Mt at 1.3% Li2O2. Further to the south-west is Nemaska Lithium's Whabouchi Project which is aiming to transform into a fully integrated mining and down-stream processing operation3.
FIGURE 1: ROUTE 381 & MISTUMIS LITHIUM PROJECTS Source: Megawatt geology team (CNW Group/MegaWatt Lithium and Battery Metals Corp.)
Exploration potential
While initial exploration work has been conducted on the 381 Route Lithium Project, the vast majority of the tenure is under-explored. Similarly, minimal exploratory work has been undertaken on the Mistumis Lithium Project. As such, Megawatt's technical team will be ramping up exploration activities across both properties in order to identify pegmatite outcrop then follow up surface sampling campaigns with the aim of identifying targets for drill-testing.
In addition, the geology team are looking to ascertain if the geology across the two properties is comparable with Allkem's James Bay Lithium Project.
David Thornley-Hall, CEO of Megawatt commented, "With the lithium upcycle showing no signs of slowing up, the Board is keen to rapidly develop the lithium properties in the James Bay region. Megawatt's technical team is working diligently to roll out a comprehensive exploration campaign across both properties. Moreover, with the recent acquisition of the Mitsumis Lithium Project, Megawatt now has a substantial footprint in a prime area which materially enhances the two properties collective exploration potential."
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.
Technical Information
All scientific and technical information in this news release has been prepared by, or approved by Geoffrey Reed, (MAusMM (CP)) (MAIG), Consultant for the Company. Mr. Reed is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Mr. Reed has not verified any of the information regarding any of the properties or projects referred to herein other than the Arctic Fox and Isbjorn Properties. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the Arctic Fox and Isbjorn Properties.
The data disclosed in this news release related to sampling results is historical in nature. Megawatt has not undertaken any independent investigation of the sampling nor has it independently analyzed the results of the historical exploration work in order to verify the results. Megawatt considers these historical sample results relevant as the Company will use this data as a guide to plan future exploration programs. The Company's future exploration work will include verification of the data through further sampling.
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.
References
1)
Megawatt CSE Release "Megawatt acquires additional Lithium Prospective Claims" (Jan 20, 2022) Available at: https://webfiles.thecse.com/megawatt_0120.pdf?6fGfNkc.khzbrkc0I30yBJVJNqTGYycE
2)
AKE ASX Release – Dec 21, 2021 "James Bay Lithium Project Feasibility Study & Maiden Ore Reserve" Available at: https://www.allkem.co/investors/asx-announcements
3)
Nemaska Lithium - Whabouchi Lithium Mine (Overview). Available at: https://www.nemaskalithium.com/en/
View original content to download multimedia:https://www.prnewswire.com/news-releases/megawatt-focusing-on-developing-prospective-lithium-properties-in-james-bay-region-quebec-301489751.html
AskMuncher
2 years ago
$WALRF Lithium Potential to be Explored at Tyr Property in Australia
Press Release | 01/12/2022
Lithium Potential to be Explored at Tyr Property in Australia
Canada NewsWire
VANCOUVER, BC, Jan. 12, 2022
VANCOUVER, BC, Jan. 12, 2022 /CNW/ - Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTC PINK: WALRF) (the " Company" or "Megawatt") has received initial results for Lithium potential at its Tyr Project in New South Wales, Australia. The tenement covers 100 units over an area of 299km2
MegaWatt Logo (CNW Group/MegaWatt Lithium and Battery Metals Corp.)
A grab Sample in an ochre coloured, ferruginous, altered granite outcrop resulted in 520 ppm Li, 413 ppm Sn and 724 ppm Rb. Grab samples from old pit workings at an area called East Saddle Ridge returned 0.24 g/t Au and 0.12 g/t Au. A further follow up 48 surface grab samples for lithium, silver and gold potential within Tyr have been sent to ALS Limited in Queensland, Australia for analysis. This month's follow up samples will be rock chip samples from outcrop and subcrop where quartz veining is noted in altered and silicified country rock.
A ground magnetics survey has been proposed for January 2022 over the Burra and Torny old Silver mines. Concurrently, extended sampling and mapping of the lithium and gold areas will be conducted once the 48 follow up assay results are returned from ALS Limited in Queensland.
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 mining tenements in Northern Territory and New South Wales, Australia prospective for nickel-cobalt-scandium, uranium 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.
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lithium-potential-to-be-explored-at-tyr-property-in-australia-301459407.html
nowwhat2
3 years ago
ACDC Rocks
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Aacdc&x=48&y=13&time=100&startdate=10%2F1%2F2019&enddate=2%2F20%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
Graphite / Manganese / Nickel / Copper / Decades of under-appreciation
Canada Rocks
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Acnc&x=0&y=0&time=100&startdate=10%2F1%2F2019&enddate=2%2F20%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
Botswanna too, rocks
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Aemm&x=56&y=14&time=100&startdate=10%2F1%2F2019&enddate=2%2F20%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
The list goes on and on to where, it isn't for those who aren't really good note takers or who aren't very good Watchlist Creators
LLG, NOU, GGG, LRM
And then there are their ridiculously US-titled counterparts - NSRCF, NOUMF, GPHBF, etc., WALRF
Not for those with Alzheimers - Okay for Millennials
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
Renee
12 months ago
The Night Stalker
2 years ago
ALERTS100%to10000%GAIN
2 years ago
PURA VIDA
3 years ago
TooYoungToDie
3 years ago
Instrumentalist
3 years ago
Hot Features
Premium
