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Wealth Minerals Ltd. is a junior mineral resource exploration company that focuses on acquiring, exploring, and developing mineral properties in Chile, Canada, and Mexico. The company's primary focus is on exploring for lithium, as well as precious metal, copper, gold, and silver deposits. Their main project, the Atacama project, comprises 144 exploration concessions in the Atacama Salar in northern Chile. Wealth Minerals has a strategic alliance agreement with ENAMI and is headquartered in Vancouver, Canada.
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.