Wealth Minerals Stock Price, News & Analysis

Wealth Minerals (OTCQB: WMLLF) announced on October 29, 2025 that it will not proceed with the binding letter agreement dated September 24, 2025 to acquire a 100% royalty-free interest in the Andacollo Oro Gold Project (AOG Project) in Chile.

The Company cited Canadian regulatory requirements and new Chilean banking compliance delays that prevented required payments, and said it will return all funds raised for the AOG Project under the subscription agreements.

Wealth emphasized continued focus on its lithium portfolio, including a joint venture with the Quechua Indigenous Community of Ollagüe for the Kuska lithium project and work on Special Lithium Operating Contracts (CEOL).

Wealth Minerals (OTCQB: WMLLF) announces a new simplified procedure for obtaining a Special Lithium Operating Contract (CEOL) in Chile's Salar de Ollague region. The Ministry of Mining has established key requirements including ownership of 80% or more mining concessions within the specified polygon, industry experience, and financial capacity.

The Company plans to participate through its subsidiary Kuska Minerals SpA, in which it holds a 95% stake, with the remaining 5% owned by the Quechua Indigenous Community of Ollague. The new procedure follows a successful Indigenous consultation process that resulted in modifications to exclude culturally significant areas from the contract zone.

Wealth Minerals (OTCQB: WMLLF) has successfully established its new subsidiary Kuska Minerals SpA, a joint venture with the Quechua Indigenous Community of Ollague for developing the Kuska lithium project in Chile. The newly formed board held its first meeting, with Marcelo Awad elected as chairman and includes representation from the Ollague Community through Victor Nina Huanca.

The company is awaiting a Special Lithium Operating Contract (CEOL) from the Ministry of Mining, which is currently conducting an indigenous consultation process. Once obtained, Kuska Minerals plans to complete its second exploration campaign and begin both pre-feasibility study and environmental impact assessment. This marks a historic milestone as the first mining project in Chile to integrate the local community into its ownership structure.

Wealth Minerals (OTCQB: WMLLF) has signed a Memorandum of Understanding (MOU) with Voith Hydro to jointly develop the Pabellón Lithium Project in Chile. Under the agreement, Voith Hydro will acquire a 5% stake in the project through a new joint venture structure.

The project will be held by Kuska Minerals SpA, which is 95% owned by Wealth Minerals and 5% owned by the Quechua Indigenous Community of Ollagüe (CIQO). Voith Hydro will contribute its expertise and partnerships to secure a Special Lithium Operating Contract (CEOL) for potential lithium recovery operations at the Cerro Pabellón thermal power station or development of a separate lithium extraction facility.

Wealth Minerals Ltd. (WMLLF) has announced its participation in a successful Consortium bid for a CEOL (Special Lithium Operating Contract) application to develop the Quillagua Este Salar lithium project in Chile's Antofagasta Region. The Consortium qualified for the fast-track process by meeting key criteria: controlling over 80% of the applicable area, demonstrating mining experience, and showing financial capacity. Wealth holds a 3% stake in the Consortium and will provide strategic advice based on its Chilean operations experience. The next steps involve Indigenous consultations, state negotiations, and obtaining a Presidential decree. CEO Henk van Alphen highlighted that this success demonstrates the navigability of Chile's regulatory system and government support for private lithium projects. The project's proximity to Wealth's Kuska project (120 km northeast) is seen as strategically beneficial.

Wealth Minerals (WMLLF) has formed a strategic joint venture called Kuska Minerals with the Quechua Indigenous Community of Ollagüe to develop the Kuska lithium project in Chile. The partnership structure gives 95% ownership to Wealth and 5% to the Community, with special rights including anti-dilution protection and board representation. The project covers 10,000+ hectares in the Salar de Ollagüe area and has shown promising results, with indicated resources of 741,000 tonnes of Lithium Carbonate Equivalent (LCE) and inferred resources of 701,000 tonnes. A preliminary economic assessment revealed strong potential profitability with a pre-tax IRR of 33% and NPV of $1.65 billion for a 20,000-tonne LCE annual production over 20 years. The venture is now focusing on obtaining a Special Lithium Operating Contract (CEOL) and advancing environmental impact assessments.

Wealth Minerals (WMLLF) announces that its initial application for a special lithium operation contract (CEOL) for the Kuska lithium project has been declined under Chile's Fast-Track permitting policy. The rejection stems from the company's inability to meet the requirement of holding 80% of mining concessions within a defined 'referential Polygon' in the Ollagüe Salar area.

The company is now evaluating alternatives, including appealing the Ministry of Mining's decision or applying through regular permitting procedures. The Kuska Project, which is 100% owned by Wealth Minerals, has indicated resources of 741,000 tons Lithium Carbonate Equivalent (LCE) grading 175 mg/L, plus 701,000 tons LCE inferred resources grading 185 mg/L. A recent PEA shows a Pre-Tax NPV10% of US$1.65 billion and 33% IRR, with planned production of 20,000 metric tpa LCE over a 20-year mine life.

Wealth Minerals (WMLLF) has signed a non-binding LOI to acquire a 100% royalty-free interest in the Pabellón Lithium Project, consisting of 26 mineral exploration licenses covering 7,600 hectares in northern Chile. The project is located near the Chile-Bolivia border and includes access to the Cerro Pabellón geothermal power plant, operated by ENEL.

The geothermal fluid samples from the power plant contain lithium content ranging from 31 to 75 mg/L, with a flow rate of 1,500 t/hour, potentially yielding 2,000-5,000 t/annually of Lithium Carbonate Equivalent. Wealth plans to install a Direct Lithium Extraction unit at the power plant to recover lithium from the geothermal fluid.

The acquisition terms involve issuing 6 million Wealth common shares to the vendor. The company plans to integrate Pabellón into its existing Kuska Project joint venture, potentially creating synergies in power supply and processing operations.

Wealth Minerals (WMLLF) and the Quechua Indigenous Community of Ollague (CIQO) have signed an agreement to form a joint venture for developing the Kuska Lithium Project. CIQO will receive a 5% free-carried interest and one of five director seats in the JV.

The Kuska Project, located in Chile's Ollague Salar, has 741,000 tons of indicated LCE resources (175 mg/L) and 701,000 tons of inferred resources (185 mg/L). A recent PEA outlined a 20,000 metric tpa LCE production with a 20-year mine life, projecting a Pre-Tax NPV10% of US$1.65 bn and 33% IRR.

The project was among six locations approved by Chile's Strategic Council for lithium development, prioritizing it to receive a special lithium operation contract (CEOL). This marks the first indigenous community-mining company partnership of its kind in Chile.