FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

MegaWatt powers-up battery mineral exploration

19 October 2021
CSE: MEGA
Rueben Hale

Canada-listed MegaWatt Lithium and Battery Metals Corp. will accelerate the exploration of in-demand battery minerals, using $CSE800,000 from selling company shares.

MegaWatt, holding interests in battery mineral projects in Canada and Australia, offered shares at 18 Canadian cents with net proceeds from the sale to be used to fund the exploration of the company’s Australian and Canadian projects.

As uranium trades at multi-year highs of over $US42 a pound, the British-Columbian company is accelerating the development of uranium properties at the highly prospective and geographically advantaged Artic Fox and Isbjorn projects in Australia’s Northern Territory.

The company also issued 2,500,000 incentive stock options to directors, officers, and consultants with a 5-year exercise price of $0.20 per share as part of the offer, closing on November 9, 2021.

MegaWatt’s Canadian Securities Exchange-listed shares were trading at 18.5c (10:34 am GMT+ 8 hours).

COMPANY OVERVIEW

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.

COMPANY INFORMATION

CSE: MEGA

Website

https://megawattmetals.com/
https://www.thecse.com/en/listings/mining/megawatt-lithium-and-battery-metals-corp

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!