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MegaWatt Lithium and Battery Metals Corp. announced a proposed share consolidation during its annual general meeting on February 19, 2026. The consolidation plan is to convert shares at a ratio of 1 post-consolidation share for every 12 pre-consolidation shares.

Currently, the company has 37,250,400 shares outstanding, which would reduce to approximately 3,104,200 shares after consolidation, pending Canadian Securities Exchange approval. The company retains a 100% interest in the Cobalt Hill Property in British Columbia and the Route 381 Lithium Property in Quebec, among other mineral claims.