Walcott Resources Ltd. (CNSX:WAL) entered into a property purchase agreement to acquire Route 381 Lithium Property for CAD 1.3 million on January 27, 2021. The consideration will be paid through the issuance of 4 million shares and CAD 0.06 million in cash. In addition, Walcott Resources will grant the vendors a 2% net smelter royalty. The closing of the acquisition is subject to the approval of the Canadian Securities Exchange. Walcott Resources Ltd. (CNSX:WAL) completed the acquisition of Route 381 Lithium Property in January 2021. In conjunction with the acquisition, the company has completed a name change to "MegaWatt Lithium and Battery Metals Corp."