Wealth Minerals Ltd. announces a maiden NI 43-101 resource estimate for its Ollagüe lithium project in Chile. This resource estimate for lithium carbonate equivalent was prepared for Wealth by independent consultants Montgomery & Associates . The resource estimate is based on Wealth's geophysical survey and the 2022 drill program, which consisted of four vertical holes for a total of 1,111m in length. Hole depths varied [...]
Wealth Minerals Ltd. , reports that pursuant to their news release of December 16, 2022, they have closed the non-brokered private placement offering, issuing 3,071,579 units for gross proceeds of $1,167,200. Each unit consisted of one common share at a price of $0.38 and one common share purchase warrant at an exercise price of $0.48 for a period of 24 months, expiring on December 30, 2024. In connection with the private [...]
Wealth Minerals Ltd. provides an analysis of the 2022 Environmental Impact Assessment report published by Sociedad Química y Minera de Chile S.A. regarding brine extraction at the Atacama salar1,2. SQM is a leading Chilean chemical company and one of the world's largest lithium producers, with production facilities on the Atacama salar3. Wealth controls approximately 46,000ha of license ground in the Atacama salar and [...]
Wealth Minerals Ltd. provides an analysis of the 2022 Environmental Impact Assessment report published by Sociedad Química y Minera de Chile S.A. regarding brine extraction at the Atacama salar1,2. SQM is a leading Chilean chemical company and one of the world's largest lithium producers, with production facilities on the Atacama salar3. Wealth controls approximately 46,000ha of license ground in the Atacama salar and [...]
Wealth Minerals Ltd. , has arranged a non-brokered private placement offering of up to 2,631,579 units in the capital of the Company at a subscription price of $0.38 per Unit for gross proceeds of up to $1,000,000, each Unit consists of one common share and one common share purchase warrant , each Warrant entitles the holder thereof to purchase one common share in the capital of the Company at an exercise price of $0.48 [...]
Wealth Minerals Ltd. has discovered two additional semi-massive sulphide horizons exposed along the Cascade Creek deactivated logging road, on the Lardeau-Goldsmith claim block at the north end of its Kootenay Project, located south of Revelstoke, British Columbia . The disseminated and semi-massive sulphide zones are steeply dipping and may be a fold repetition, or two parallel horizons . Both gossanous outcrops contain [...]
Wealth Minerals Ltd. announces it has closed, as previously announced on October 14, 2022, a non-brokered private placement offering of 2,500,000 common shares in the capital of the Company , at a subscription price of $0.20 per Share for gross proceeds of $500,000.00. All securities issued by the Company pursuant to the Placement have a four month and one day hold period in Canada ending on March 3, 2023. No finder's [...]
Wealth Minerals Ltd. , announces it has closed, as previously announced on October 14, 2022, a non-brokered private placement of flow-through offering of 6,814,817 units in the capital of the Company , for the subscription price of $0.27 per Unit for gross proceeds of $1,840,000.59, with each Unit consisting of one "flow-through" common share in the capital of the Company within the meaning of subsection 66 of the Canada [...]
Wealth Minerals Ltd. , announces it has entered into a corporate nondisclosure agreement with the fully state-owned National Mining Company of Chile , whereby the parties have agreed to study hard data and development vectors of how to best cooperate to create a partnership for the exploration, development and production of lithium in Chile. Hendrik van Alphen, Wealth's CEO, stated, "We are very happy to work with ENAMI [...]
Wealth Minerals Ltd. , has discovered a 6-metre-thick zone of massive sulphide mineralization exposed at surface at its Kootenay Project, located north of Revelstoke, British Columbia . The semi-massive sulphide zone contains iron sulphides , copper sulphides and zinc sulphides and carbonate and was identified during field evaluation of a six-kilometre long highly prospective trend defined by favourable Lardeau Group [...]
Wealth Minerals Ltd. provides a report on its activity in the Ollagüe Salar in northern Chile and other activities. Wealth's drilling and field program at the project is now complete. The Company successfully drilled four holes for a total of 1,111m in total length. Hole depth varied from 194m to 350m. All the holes encountered brine, with the top of the brine level at 150m to 200m down-hole length and all holes ended in [...]
Wealth Minerals Ltd. , makes the following announcement in accordance with National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting and National Instrument 62-104 Take-Over Bids and Issuer Bids . Pursuant to the exercise of contractual options to purchase common shares in the capital of World Copper Ltd. held by Wealth Minerals by certain Option holders at a price of $0.33 per [...]