WALRF - Megawatt Lithium and Battery Metals to acquire additional 20% interest in holder of silver-zinc projects

Megawatt Lithium and Battery Metals (OTCPK:WALRF) signs share purchase deal with BC Co. to acquire additional 20% stakes in the company. Currently, Megawatt Lithium and Battery Metals holds 60% of the BC Co, which will now be increased to 80% post this transaction. 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.   Consideration: MegaWatt will acquire an additional 20% of BC Co in consideration for the issuance of 7.5M of WALRF shares priced at $0.13 each. That compares to stock's last close of $0.11. Closing of the transaction is expected on April 15, 2022.

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Megawatt Lithium and Battery Metals to acquire additional 20% interest in holder of silver–zinc projects