Vancouver, British Columbia–(Newsfile Corp. – October 17, 2022) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the “Firm” or “Wealth”), pronounces it has entered into a company nondisclosure settlement (the “Settlement”) with the absolutely state-owned Nationwide Mining Firm of Chile (“ENAMI”), whereby the events have agreed to review exhausting knowledge and growth vectors of how you can finest cooperate to create a partnership for the exploration, growth and manufacturing of lithium in Chile.
Hendrik van Alphen, Wealth’s CEO, said, “We’re very pleased to work with ENAMI and proceed the place we left off just a few years in the past with that group. ENAMI has new administration and we’re excited to affiliate with this dynamic group as they transfer ahead to be a significant participant within the Chilean lithium business.” Mr. Van Alphen additionally stated: “Wealth has a expertise associate chosen (see press launch of August 9, 2022) and is shifting ahead with a significant Chilean mining associate. ENAMI has intensive expertise in efficiently mining and processing sources in Chile, and that know-how can be wanted in creating Ollagüe and Atacama. Chile is a chief mining jurisdiction, and all of the items obligatory for a profitable lithium mining operation are being put in place.”
ENAMI was established within the Sixties as a state firm tasked with selling the Chilean mining business, by shopping for and processing the manufacturing of small and medium sized nationwide mining firms. ENAMI is considered one of two state-owned firms in Chile concerned within the mining business, the opposite one being CODELCO. For additional data, please see: www.enami.cl
About Wealth Minerals Ltd.
Wealth is a mineral useful resource firm with pursuits in Canada and Chile. The Firm’s primary focus is the acquisition and growth of lithium initiatives in South America.
The Firm opportunistically advances battery steel initiatives the place it has a peer benefit in mission choice and preliminary analysis.
Lithium market dynamics and a quickly rising steel worth are the results of profound structural points with the business assembly anticipated future demand. Wealth is positioning itself to be a significant beneficiary of this future mismatch of provide and demand. In parallel with lithium market dynamics, Wealth believes different battery metals will profit from comparable business tendencies.
For additional particulars on the Firm readers are referred to the Firm’s web site (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.
On Behalf of the Board of Administrators of
WEALTH MINERALS LTD.
“Hendrik van Alphen”
Hendrik van Alphen
Chief Govt Officer
For additional data, please contact:
Marla Ritchie, Michael Pound or Henk van Alphen
Telephone: 604-331-0096 or 604-638-3886
For all Investor Relations inquiries, please contact:
Liviakis Monetary Communications Inc.
For all Public Relations inquiries, please contact:
Workplace: 212-532-2208 | Cellular: 917-371-4053
Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this press launch, which has been ready by administration.
Cautionary Notice Concerning Ahead-Wanting Statements
This press launch incorporates forward-looking statements and forward-looking data (collectively, “forward-looking statements”) throughout the that means of relevant Canadian and US securities laws. All statements, aside from statements of historic reality, included herein together with, with out limitation, statements concerning the anticipated content material, graduation, timing and price of exploration packages, anticipated exploration program outcomes, the invention and delineation of mineral deposits/sources/reserves, the Firm’s expectation that will probably be capable of enter into agreements to amass pursuits in further mineral initiatives, and the anticipated enterprise plans and timing of future actions of the Firm, are forward-looking statements. Though the Firm believes that such statements are affordable, it can provide no assurance that such expectations will show to be right. Ahead-looking statements are usually recognized by phrases equivalent to: imagine, count on, anticipate, intend, estimate, postulate and comparable expressions, or are these, which, by their nature, seek advice from future occasions. The Firm cautions buyers that any forward-looking statements by the Firm should not ensures of future outcomes or efficiency, and that precise outcomes might differ materially from these in forward-looking statements because of varied components, together with, however not restricted to, the state of the monetary markets for the Firm’s fairness securities, the state of the commodity markets typically, variations within the nature, high quality and amount of any mineral deposits that could be situated, variations out there worth of any mineral merchandise the Firm might produce or plan to provide, the shortcoming of the Firm to acquire any obligatory permits, consents or authorizations required, together with TSXV acceptance, for its deliberate actions, the shortcoming of the Firm to provide minerals from its properties efficiently or profitably, to proceed its projected development, to lift the required capital or to be absolutely capable of implement its enterprise methods, and different dangers and uncertainties disclosed within the Firm’s newest interim Administration Dialogue and Evaluation and filed with sure securities commissions in Canada. All the Firm’s Canadian public disclosure filings could also be accessed by way of www.sedar.com and readers are urged to overview these supplies, together with the technical experiences filed with respect to the Firm’s mineral properties.