MegaWatt Announces Effective Date for Consolidation of Shares

Core Viewpoint - MegaWatt Lithium and Battery Metals Corp. will consolidate its common shares on a 12:1 basis, effective March 20, 2026, resulting in a reduction of outstanding shares from approximately 37.25 million to about 3.10 million [1][2]. Share Consolidation Details - The consolidation will be executed at a ratio of one post-consolidation share for every twelve pre-consolidation shares [1]. - No fractional shares will be issued; any resulting fractions will be rounded to the nearest whole share [3]. - The outstanding incentive stock options and warrants will also be adjusted proportionately to reflect the consolidation [3]. Trading Information - Post-consolidation shares are expected to begin trading on the Canadian Securities Exchange (CSE) on or about March 20, 2026 [4]. Shareholder Instructions - Registered shareholders will receive letters of transmittal and must submit their pre-consolidation share certificates to the Company's transfer agent, National Securities Administrators Ltd., to receive post-consolidation shares [5]. Company Overview - MegaWatt is based in British Columbia and focuses on the acquisition and exploration of mineral properties, holding a 100% interest in the Cobalt Hill Property and the Route 381 Lithium Property, among others [6][7].