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Wealth Minerals Ltd V.WML

Alternate Symbol(s):  WMLLF

Wealth Minerals Ltd. is a Canada-based mineral resource company. The principal business activity of the Company is the exploration for minerals and the development of exploration and evaluation assets, primarily in Chile, Canada, Peru, and Mexico. Its projects include the Atacama Lithium Project, the Kuska Salar Project, and the Kootenay Project. The Atacama Salar project covers an area of approximately 46,200 hectares (ha) located in the northern part of Atacama Salar, in Region II of Chile. The concessions are adjacent to highway 23, which connects northern Chile with Argentina. The Kuska project consists of 8,000 hectares located in northern Chile, Region II, near the Chile-Bolivia border and approximately 200 kilometers (km) due north from Atacama. It also holds 2,500 ha of license area adjacent to the Kuska Project in the Ollague Salar in Chile. Its Kootenay project comprises two separate claim blocks: Ledgend, totaling 1728 hectares, and Lardeau-Goldsmith, covering 6918 hectares.


TSXV:WML - Post by User

Bullboard Posts
Comment by Vdwbapon Jan 23, 2018 4:21am
93 Views
Post# 27413706

RE:RE:Corfo and SQM

RE:RE:Corfo and SQMThe two big Lithium players in Chile are SQM en Albemarle. Given the fact that Albemarle already had the obligation to pay royalties it is in my view not a big surprise that SQM was more or less 'forced' to conclude a similar ruling with Corfo. The Albemarle/SQM ruling regarding royaltis is in fact 'old' information that is already "priced in" the current stock price of Wealth as they will presumably be confronted with similar taxes in the future. It should be noted that the great benefit in Chile remains the fact that production costs to get to lithium are relatively low while the lithium grade in Chile is very high. For Wealth the icing on the cake is their 'human property'. When you have Henk van Alphen and Marcelo Awad in your team that's like playing with Sergio Ramos and Christiano Ronaldo. I'm optimistic about Wealth future in Chile.
Bullboard Posts