MegaWatt Lithium and Battery Metals (TSE:MEGA)
:MEGA
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MegaWatt Lithium and Battery Metals
(MEGA)
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Rating:46Neutral
Price Target:
C$0.36
▲(1690.00% Upside)
Action:Reiterated
Date:05/30/26
The score is primarily weighed down by weak financial fundamentals—no revenue, sizable ongoing losses, and negative equity that increases financing and dilution risk—despite improving cash burn trends. Technical signals are broadly neutral with only modest momentum, and valuation support is limited due to negative earnings and no dividend yield.
Positive Factors
Improving cash burn trajectory
The sharp reduction in operating cash outflows versus prior years indicates tighter cost control and an improving cash-burn profile. This durable improvement extends the company's runway, reduces near-term financing urgency, and supports continued project advancement or strategic partnership talks over the next several months.
Negative Factors
Pre-revenue operations
Operating without revenue leaves the firm dependent on financing and milestone-based value realization rather than cash generation. Until commercial production or asset sales begin, margins and profitability remain theoretical, making the firm's fundamental stability contingent on successful project execution and external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash burn trajectory
The sharp reduction in operating cash outflows versus prior years indicates tighter cost control and an improving cash-burn profile. This durable improvement extends the company's runway, reduces near-term financing urgency, and supports continued project advancement or strategic partnership talks over the next several months.
Read all positive factors
MegaWatt Lithium and Battery Metals (MEGA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.13M
Dividend YieldN/A
Average Volume (3M)98.63K
Price to Earnings (P/E)―
Beta (1Y)1.14
Revenue GrowthN/A
EPS Growth-42.41%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-1.02
Shares Outstanding3,104,200
10 Day Avg. Volume251,238
30 Day Avg. Volume98,632
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)-1.74
Price to Sales (P/S)0.00
P/FCF Ratio-6.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MegaWatt Lithium and Battery Metals Business Overview & Revenue Model
Company Description
MegaWatt Lithium and Battery Metals Corp. concentrates on obtaining, investigating, and advancing mineral sites across Canada and Australia. The company possesses full ownership of the Route 381 Lithium property, encompassing about 2,126 hectares ...
How the Company Makes Money
MegaWatt Lithium and Battery Metals generates revenue primarily through the exploration, development, and potential commercialization of its battery metals projects. Its primary revenue streams are achieved by selling ownership stakes in mining pr...
MegaWatt Lithium and Battery Metals Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 2.75M | -418.16K | -1.98M | -508.99K | -1.72M | -2.92M |
| Net Income | -3.17M | -3.49M | -1.98M | -1.09M | -12.29M | -14.60M |
Balance Sheet | ||||||
| Total Assets | 1.23M | 1.17M | 4.28M | 1.64M | 2.86M | 14.97M |
| Cash, Cash Equivalents and Short-Term Investments | 23.43K | 522.00 | 46.43K | 36.72K | 762.79K | 495.19K |
| Total Debt | 144.26K | 142.37K | 83.88K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.64M | 1.49M | 1.12M | 477.06K | 701.64K | 148.61K |
| Stockholders Equity | -409.91K | -317.81K | 3.16M | 28.97M | 28.68M | 10.49M |
Cash Flow | ||||||
| Free Cash Flow | -95.27K | -81.80K | -946.07K | -600.59K | -1.45M | -2.49M |
| Operating Cash Flow | -95.25K | -81.80K | -946.07K | -600.59K | -1.45M | -2.17M |
| Investing Cash Flow | 84.53K | -9.11K | -72.74K | -125.49K | -137.21K | -990.45K |
| Financing Cash Flow | 12.00K | 45.00K | 1.03M | 0.00 | 1.86M | 863.61K |
MegaWatt Lithium and Battery Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$2.90M | -2.03 | -32.05% | ― | ― | 43.84% | |
48 Neutral | C$9.62M | -8.76 | ― | ― | ― | 23.88% | |
46 Neutral | C$1.13M | -4.12 | -234.41% | ― | ― | -42.41% | |
46 Neutral | C$1.22M | -1.98 | 317.97% | ― | ― | 77.04% | |
43 Neutral | C$3.87M | -1.39 | -58.31% | ― | ― | 9.43% | |
43 Neutral | C$1.96M | -5.19 | 83.50% | ― | ― | 89.33% |
* Basic Materials Sector Average
TSE:MEGA
MegaWatt Lithium and Battery Metals
0.35
0.17
95.53%
TSE:GBML
Global Battery Metals
0.20
0.06
42.86%
TSE:CELL
Grid Battery Metals
0.02
-0.05
-69.23%
TSE:OWLI
One World Lithium
0.05
0.02
80.00%
TSE:POWR
Clear Sky Lithium Corp
0.03
0.00
0.00%
TSE:RFLX
Freedom Battery Metals, Inc.
0.20
-0.20
-50.00%
MegaWatt Lithium and Battery Metals Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
MegaWatt to Settle $567,400 in Debt Through Equity Issuance
Positive
Apr 9, 2026
MegaWatt Lithium and Battery Metals Corp. plans to settle $567,400 of outstanding consulting, legal and administrative debts by issuing 3,067,000 common shares at a deemed price of $0.185 per share to certain creditors, including $99,700 owed to d...
Business Operations and StrategyStock Split
MegaWatt Lithium and Battery Metals Sets March 20 Date for 12-for-1 Share Consolidation
Neutral
Mar 17, 2026
MegaWatt Lithium and Battery Metals Corp. will implement a 12-for-1 consolidation of its common shares effective March 20, 2026, reducing the number of issued and outstanding shares from 37,250,400 to approximately 3,104,200 while keeping its name...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.