Megawatt Announces Disposition of Australian Subsidiary
LEGAL_48854769.2
Megawatt Announces Disposition of Australian Subsidiary
Vancouver, British Columbia, February 17, 2026 -- MegaWatt Lithium and Battery Metals Corp.
(CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the " Company", " MegaWatt Metals " or
“MegaWatt”) announces that 1256714 B.C. Ltd., the Company’s wholly subsidiary (the “Vendor”)
has entered into a Share Purchase Agreement (the “ Agreement”) with Burtorn Silver Pty Ltd.
(“Burtorn”) and WMG Investments Pty Ltd . (the “ Purchaser”), both companies incorporated
under the laws of Australia.
The Vendor is the registered and beneficial owner of all issued and outstanding shares in the
capital of Burtorn (the “ Burtorn Shares ”). Pursuant to the Agreement, the Purchaser has
acquired all the issued and outstanding Burtorn Shares from the Vendor.
Burtorn is the registered holder of certain mineral tenements comprising the Tyr Project, located
in the northern region of New South Wales, Australia. Pursuant to the terms and conditions of
the Agreement and as consideration for the Burtorn Shares, the Purchaser has paid the Vendor
AUD $150,000, less fees.
About MegaWatt Lithium and Battery Metals Corp.
MegaWatt is a British Columbia based company involved in the acquisition and exploration of
mineral properties.
MegaWatt 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 8 mineral claims covering
an area of approximately 1,727.43 hectares located in the Trail Cree k Mining Division in the
Province of British Columbia, Canada.
MegaWatt holds 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 Febr uary 3, 2021), and a 100%
interest in 229 additional mineral exploration claims prospective for lithium, also in the James Bay
area of Quebec covering an area of 12,116 hectares or 121 square kms.
On Behalf of the Board of Directors,
MegaWatt Lithium and Battery Metals Corp.
Casey Forward, CEO
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LEGAL_48854769.2
1055 West Georgia Street, Suite 1500
Vancouver, BC, Canada
V7X 1M5
For Further Information Please Contact:
Kelvin Lee, Chief Financial Officer
[email protected], (236) 521-6500
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement Cautions:
This news release may contain statements which constitute “forward -looking information”,
including statements regarding the plans, intentions, beliefs and current expectations of the
Company, its directors, or its officers with respect to the future business activities of the Company.
The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”,
“expect” and similar expressions, as they relate to the Company, or its management, are intended
to identify such forward -looking statements. Forward looking statements made in this news
release include the completion of the Proposed Transaction.
Investors are cautioned that any such forward -looking statements are not guarantees of future
business activities and involve risks and uncertainties, and that the Company’s future business
activities may differ materially from those in the forward-looking statements as a result of various
factors, including, but not limited to, availability of funds, personnel and other resources necessary
to conduct the business activities of the Company. There can be no assurances that such
information will prove accurate and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. The Company does not assume any obligation to update any forward -
looking information except as required under the applicable securities laws.