Walcott Resources Ltd. announces proposed name change to MegaWatt Lithium and Battery Metals Corp.
Name change is meant to indicate company's exploration of materials for use in EV battery manufacturing.
VANCOUVER — Walcott Resources Ltd. announces that, subject to approval of the Canadian Securities Exchange, it plans to change its name to “MegaWatt Lithium and Battery Metals Corp.”
While the Company will continue to advance its portfolio of projects including its Cobalt Hill copper-gold-cobalt property and its Australian silver-lead-zinc properties, it is also currently evaluating potential opportunities in lithium, nickel, vanadium and rare earth metals.
David Thornley-Hall, CEO of the Company, states, “We are very excited for the future of the Company and looking forward to exploring various opportunities ahead of us within the lithium and battery metals space. We see this as a great vertical integration to our current and future enterprise goals. As we are all aware of the critical changing conditions of the planet, we see a tremendous avenue of growth within this sector, there is a rise in call for electric vehicles/hybrid electric vehicles/plug-in hybrid vehicles, and rapid development in the renewable energy and energy storage sector which will continue to drive the longer-term growth of the market”.