Welcome to our dedicated page for Wealth Minerals news (Ticker: WMLLF), a resource for investors and traders seeking the latest updates and insights on Wealth Minerals stock.
News and updates for Wealth Minerals Ltd. (WMLLF) focus on its lithium and battery metal projects in Chile and its broader mineral resource interests in Canada and Chile. Company news releases describe how Wealth is concentrating on the acquisition and development of lithium projects in South America, particularly in the Antofagasta Region, while also working to diversify into precious metal projects.
Recent announcements highlight progress at the Kuska Project in the Salar de Ollagüe, where Wealth reports completing exploration campaigns, publishing an NI 43-101 resource estimate, and filing a preliminary economic assessment prepared by DRA Global Limited. News items also cover developments in the company’s applications for Special Lithium Operating Contracts (CEOLs), including fast-track and regular permitting processes and a later resolution from the Chilean Ministry of Mining accepting the Kuska CEOL application.
Other news covers the formation of Kuska Minerals SpA, a joint venture between Wealth and the Quechua Indigenous Community of Ollagüe, and the community’s 5% ownership with preferential rights. Releases also describe Wealth’s participation in a consortium for the Quillagua Este Salar CEOL bid, the non-binding letter of intent for the Pabellón Lithium Project, and a memorandum of understanding with Voith Hydro to collaborate on Pabellón alongside the community.
Investors following WMLLF news can review updates on exploration results, technical studies, CEOL permitting milestones, joint venture structures with indigenous partners, and agreements with industrial partners. This news feed provides a centralized view of Wealth’s disclosed steps toward advancing lithium and related battery metal projects in Chile.
Wealth Minerals (TSXV: WML) (OTCQB: WMLLF) announces its intention to apply for a Special Lithium Operation Contract (CEOL) for the Kuska Project in the Ollagüe Salar. The Chilean government has selected Ollagüe as one of six locations for the first group of lithium project developments, based on favorable conditions and strong investor interest.
The government will implement a simplified CEOL allocation process for these six locations, considering applicants' experience, financial strength, and mining concession holdings. Specific rules for this process will be published soon, with CEOL requests expected before year-end. The Mining Ministry will also conduct indigenous consultation processes and provide CEOL draft templates to applicants.
Wealth Minerals' CEO, Henk van Alphen, expressed excitement about Ollagüe's selection, confirming the Kuska project's quality and potential. The company has prepared extensively for the CEOL application. Francisco Lepeley, CEO of Wealth Minerals Chile, highlighted the project's competitive potential and the company's technical work and community relationships.
Wealth Minerals (TSXV: WML) (OTCQB: WMLLF) announced on May 15, 2024, that Sulzer has acquired a single-digit minority share in the company. Sulzer, a global leader in energy security and natural resource processing, aligns with Wealth Minerals' commitment to green energy projects like Direct Lithium Extraction (DLE) in Chile.
This partnership aims to secure the lithium supply chain and reduce environmental impacts. Sulzer's Executive Chairwoman, Suzanne Thoma, emphasized their dedication to sustainable technologies, while Wealth Minerals' CEO, Henk van Alphen, welcomed Sulzer as a strategic investor. Jan Lueder, President of Sulzer's Flow Equipment Division, joins Wealth Minerals' advisory board to advance sustainable energy solutions.
Wealth Minerals (WMLLF) is set to participate in the Sidoti Small Cap Virtual Conference on May 8-9, 2024. The company will present its premier Chilean lithium projects supporting the global energy transition. Management will engage in virtual one-on-one meetings with institutional investors and host a presentation on May 9, 2024. Interested parties can join the online presentation via the provided webcast link. Registration is mandatory for conference participation.
Wealth Minerals mourns the passing of former board member Leonard Harris. The company expresses deep condolences to his family, highlighting his valuable contribution as a mining executive. The announcement emphasizes his professionalism, engaging personality, and dedication to the community. The press release also features a statement from Henk van Alphen, President & CEO, expressing sorrow for the loss and committing to honoring Mr. Harris's legacy.
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