Megawatt to accelerate developing prime Australian Rare Earth Projects News provided by Share this article Share this article VANCOUVER, BC, May 12, 2021 /PRNewswire/ - Megawatt Lithium and Battery Metals Corp. (CSE: MEGA) (FSE: WR20) (OTC: WALRF) (the "Company" or "Megawatt") is pleased to announce it is moving forward with a rare earth element (REE) sampling program at the recently acquired Arctic Fox and Isbjorn properties in Northern Territory, Australia (see April 14, 2021 press release). The decision to accelerate development plans for the REE properties is based on market intelligence indicating potential impending global REE supply shortages over the next decade, arising from green stimulus and rapid take up of electric vehicles (EV) propelling demand. Notably, key REEs in demand are neodymium and praseodymium which are prevalent across the region where Megawatt's properties are located in the Northern Territory.