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.
Wealth Minerals Ltd. reports developments tied to its Chile-focused lithium project portfolio and mineral resource interests in Canada and Chile. The company’s recurring news centers on acquisition and development activity in South America, including the Kuska Project in the Salar de Ollagüe, Special Lithium Operating Contract processes in Chile, and participation in lithium licensing initiatives.
Company updates also cover the formation and governance of Kuska Minerals SpA with the Quechua Indigenous Community of Ollagüe, project-level partnerships, corporate counsel and board matters, and decisions affecting asset diversification efforts. These announcements frame Wealth Minerals as a resource issuer focused primarily on lithium and related battery-metal opportunities.
Wealth Minerals (OTCQB: WMLLF) provided a corporate update on April 10, 2026 covering governance, legal counsel, project progress and capital instruments.
Highlights: appointment of independent director Kevin Nishi, engagement of global counsel DLA Piper, grant of 11,700,000 stock options exercisable at $0.10 until April 10, 2028, clarification of non-transferable finder’s warrants at $0.12 expiring two years from closing, ongoing Kuska Project activity and expected pursuit of a Special Lithium Operation Contract (CEOL) in Chile.
Wealth Minerals (OTCQB: WMLLF) announced that on January 2, 2026 the Chilean Ministry of Mining accepted the CEOL application for the Kuska Project, triggering formal negotiations on final terms for the supreme presidential decree that will certify the Special Lithium Operating Contract.
The Kuska Project (Salar de Ollagüe, Antofagasta) hosts NI 43-101 indicated resources of 741,000 t LCE and inferred resources of 701,000 t LCE. A Feb 2024 PEA for a 20,000 tpa LCE operation reported an IRR 33% and pre-tax NPV10 US$1.65B. Wealth holds 95% ownership via Kuska Minerals LLC; the Quechua community holds 5%.
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 (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.