MegaWatt Lithium and Battery Metals Corp.
CNSX:MEGA Stock Report
MegaWatt Lithium and Battery Metals Balance Sheet Health
Financial Health criteria checks 3/6 MegaWatt Lithium and Battery Metals has a total shareholder equity of CA$4.0M and total debt of CA$80.8K, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are CA$4.5M and CA$486.8K respectively.
Key information Interest coverage ratio n/a Cash CA$78.26k Equity CA$4.01m Total liabilities CA$486.82k Total assets CA$4.50m
Recent financial health updates
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New major risk - Financial position Jun 04
MegaWatt Lithium and Battery Metals Corp. Provides Work Program Plans for Benedict Mountains Uranium Property in Labrador’S Central Mineral Belt May 30
MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) completed the acquisition of Labrador Mineral Resources Inc. May 09
New major risk - Shareholder dilution Mar 10
MegaWatt Lithium and Battery Metals Corp., Annual General Meeting, Dec 21, 2023 Nov 04
MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) completed the acquisition of the remaining 20% interest in 1256714 B.C. Ltd. Jul 14
MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) entered into a share purchase agreement to acquire remaining 20% interest in 1256714 B.C. Ltd. for CAD 0.1 million. Jul 07
Megawatt Lithium and Battery Metals Corp. Reports Encouraging Assay Results from Its Recently Completed Rock Chip Sampling Program At the Artic Fox Project in Central Northern Territory, Australia Feb 08
MegaWatt Lithium and Battery Metals Corp. Completes Airborne Geophysical Survey at Mistumis and Route 381 Properties, James Bay Region, Quebec Nov 23
Less than half of directors are independent Nov 16
Megawatt Collects 1,918 Soil Samples at Mistumis Lithium Property, James Bay, Quebec. Assays Pending Nov 12
MegaWatt Lithium and Battery Metals Corp., Annual General Meeting, Dec 15, 2022 Oct 14
Megawatt Lithium and Battery Metals Corp. Announces Encouraging Magnetic Survey Results At Tyr Property in Australia Aug 31 MegaWatt Lithium and Battery Metals Corp. announced that it expects to receive CAD 1 million in funding Aug 23
Megawatt Lithium and Battery Metals Corp. Kicks Off Lithium Exploration Field Program At Route 381 and Mistumis in James Bay Area, Quebec Aug 12
The Megawatt Lithium and Battery Metals Corp. Completes Field Visit to the Artic Fox & Isbjorn Projects in Central Northern Territory, Australia Jun 09
Megawatt Lithium and Battery Metals Corp Completes Comprehensive Desktop Review of Available Data at Its Two Properties May 26
Megawatt Lithium and Battery Metals Corp Completes Comprehensive Desktop Review of Available Data at Its Two Properties May 25
Less than half of directors are independent Apr 27
Megawatt Lithium and Battery Metals Corp. Appoints Anthony Zelen as Director Apr 20 MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) entered into a share purchase agreement to acquire additional 20% stake in 1256714 B.C. Ltd. from certain shareholders for $0.98 million. Apr 01
Megawatt Lithium and Battery Metals Corp. Focusing on Developing Prospective Lithium Properties in James Bay Region, Quebec Feb 25
MegaWatt Exploration for REEs & Uranium within Central NorthernTerritory Properties Set to Commence Feb 02 MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) acquired 229 Additional Mineral Exploration Claims in the James Bay Area of Quebec.
Megawatt Lithium and Battery Metals Corp. Receives Initial Results for Lithium Potential At Its Tyr Project in New South Wales, Australia Jan 13
MegaWatt Lithium and Battery Metals Corp. announced that it has received CAD 1.310595 million in funding Nov 24
MegaWatt Lithium and Battery Metals Corp. Completes Fieldwork at Arctic Fox and Isbjorn Rare Earth Element Properties, Australia - Assays Pending Sep 10
Megawatt Lithium and Battery Metals Corp Plans Field Program at Route 381 Lithium Project, Quebec Jun 18
Megawatt Lithium and Battery Metals Corp Mobilizes for IP Survey At Cobalt Hill Jun 08
Megawatt Lithium and Battery Metals Corp. Continuing Data Review of Two its Australian Properties, Artic Fox and Isbjorn Jun 02
Megawatt Lithium and Battery Metals Corp. Files NI 43 101 Technical Report for the Tyr Project, NSW and Century South Project, Queensland, Australia May 08
Megawatt Plans Seasonal Field Work at Tyr Including Phase 1 Drilling Apr 30
MegaWatt Lithium and Battery Metals Corp. (CNSX:MEGA) entered into a letter of intent to acquire Nickel-Cobalt-Scandium-Rare Earth Projects in Northern Territory and New South Wales for CAD 5 million. Mar 05
Megawatt Lithium and Battery Metals Corp. Announces Marketing Agreement with MMG Market Medium Gmbh & Co. Kg Mar 04
MegaWatt Lithium and Battery Metals Corp. Provides Project Portfolio Review and Exploration Summary Feb 05 Walcott Resources Ltd. Announces That Surface Sampling Field Work and Evaluation Has Been Finalized At Its 60% Owned Tyr Silver Zinc Project in New South Wales, Australia
Independent Director has left the company Jan 29
Independent Director has left the company Jan 29
Walcott Resources Ltd. (CNSX:WAL) entered into a property purchase agreement to acquire Route 381 Lithium Property for CAD 1.3 million. Jan 29
Walcott Resources Ltd. Announces Board Changes Jan 28
New 90-day low: CA$0.29 Jan 28
New 90-day low: CA$0.33 Jan 08
New 90-day low: CA$0.40 Dec 22
Walcott Resources Ltd. Begins Field Work and Evaluation At Century South Silver Zinc Project in Northern Queensland, Australia Dec 19
Walcott Resources Announces Encouraging Gold Values Confirmed by 2020 Field Program Dec 11
Walcott Commences Field Work at the Tyr Silver Project Dec 03
New 90-day high: CA$1.11 Nov 19
Walcott Resources Ltd. announced that it has received CAD 2.86575 million in funding Sep 22 Walcott Resources Ltd. (CNSX:WAL) entered into a share exchange agreement to acquire 60% stake in 1256714 B.C. Ltd. for CAD 4.6 million.
Walcott Resources Ltd. announced that it has received CAD 0.4 million in funding Aug 08
Walcott Resources Ltd. announced that it expects to receive CAD 0.4 million in funding Jul 10
Financial Position Analysis
Short Term Liabilities: MEGA's short term assets (CA$169.0K) do not cover its short term liabilities (CA$486.8K).
Long Term Liabilities: MEGA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MEGA's net debt to equity ratio (0.06%) is considered satisfactory .
Reducing Debt: MEGA's debt to equity ratio has reduced from 15.4% to 2% over the past 5 years.
Cash Runway Analysis For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MEGA has less than a year of cash runway based on its current free cash flow .
Forecast Cash Runway: MEGA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 14.7% each year
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