MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) into a share exchange agreement to acquire Labrador Mineral Resources Inc for CAD 2.8 million on April 1, 2024. MegaWatt Lithium and Battery Metals will issue 16.275001 common shares to Labrador Mineral Resources.

The Proposed Transaction remains subject to certain closing conditions AND all necessary corporate and regulatory approvals, including the approval of the Canadian Securities Exchange. The Proposed Transaction is anticipated to close as soon as reasonably practicable, and in any case, before June 30, 2024.