MegaWatt Metals Announces Filing of Business Acquisition Report
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MegaWatt Metals Announces Filing of Business Acquisition Report
Vancouver, British Columbia, May 9, 2024 -- MegaWatt Lithium and Battery Metals Corp.
(CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the " Company", " MegaWatt Metals " or
“MegaWatt”), announces that, further to its news releases dated April 1, 2024, May 3, 2024, and
May 7, 2024, it has completed the filing of the Company’s Form 51-102F4 – Business Acquisition
Report (“BAR”) in connection with its acquisition of Labrador Mineral Resources Inc.
(“Labrador”), a private British Columbia corporation, completed on May 7, 2024 (the
“Acquisition”). The BAR, a copy of which is available under the Company’s profile on SEDAR+,
includes Labrador’s audited financial statements for the period from incorporation on February 5,
2024 to March 31, 2024.
For additional details regarding the Acquisition, please refer to the Company’s news releases
dated April 1, 2024, May 3, 2024, and May 7, 2024 , copies of which are available under the
Company’s profile on SEDAR+.
For Additional Information
Investors can learn more about the Company, our team and latest news at
https://megawattmetals.com.
About MegaWatt Lithium and Battery Metals Corp.
MegaWatt is a British Columbia based company involved in the acquisition and exploration of
mineral properties.
MegaWatt has acquired a 100% interest in a company that holds a 100% interest (subject to a
1.5% NSR) in the Benedict Mountains Uranium Property, consisting of 2 mineral licenses covering
an area of approximately 350 hectares in the Central Mineral Belt on the east coast of Labrador,
Canada, approximately 200 km NE of Goose Bay (see press release dated April 1, 2024).
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.
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Additionally, the Company has acquired a 100% interest in a company that indirectly holds a
100% interest (subject to a 2% NSR) in the Tyr Silver Project (see press release dated October
15, 2020).
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
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.
The securities issued in connection with the Acquisition 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 th e 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 cons titute 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.
These forward-looking statements or information may relate to the Company’s business plans,
the exploration plans of the Company and the timing thereof , and other factors or information.
Such statements represent the Company’s current views with respect to future events and are
necessarily based upon a number of assumptions and es timates that, while considered
reasonable by the Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and uncertainties. Many factors, both known
and unknown, could cause results, performance, or achievements to be materially different from
the results, performance or achievements that are or may be expressed or implied by such
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forward-looking statements. The Company does not intend, and does not assume any obligation,
to update these forward -looking statements or information to reflect changes in assumptions or
changes in circumstances or any other events affecting such statemen ts and information other
than as required by applicable laws, rules and regulations.