Wealth Minerals - WMLLF STOCK NEWS

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.

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.

Wealth Minerals announces geophysical survey results at Kuska Project, Ollague Salar, revealing potential lithium-bearing brines. The surveys identified highly conductive zones with drill targets, showcasing the project's value expansion. Further geophysics and drilling are recommended for the newly acquired claims.

Wealth Minerals Ltd. provides an operational update, including participation in the PDAC mining conference, progress on the Kuska Project, and renaming of the Atacama Project to Yapuckuta Project. The company aims to advance its projects and enhance stakeholder engagement.

Wealth Minerals Ltd. engages MZ Group for investor relations and financial communications program to increase visibility and highlight flagship lithium projects in Chile. MZ will work on a capital markets strategy to benefit from the global energy transition and the Inflation Reduction Act, positioning Wealth Minerals as a potential beneficiary. The Company's Atacama Lithium Project and Kuska Lithium Project show promising financial potential, making Wealth Minerals an attractive opportunity for investors.

Wealth Minerals Ltd. acquires 2,500 ha of new license area adjacent to the Kuska Project in Chile, strengthening development plans. The company aims to enhance its lithium operation at Kuska with this acquisition.