Bassman101
7 years ago
Consider Buying Shares of Wealth Minerals Immediately!
Dear Reader,
You’ve waited for this for a long time, and here it is.
In my opinion, it’s the best near-term lithium takeover target on the public markets.
As of 12 hours ago, Wealth Minerals is the only company in the world that has the license in place and the first green light by the Chilean government to export lithium from the Atacama Salar, the world's lowest-cost source of lithium.
FutureMoneyTrends.com profiled Lithium X at CAD$1.00 and it was recently taken out for CAD$2.61 (up 161%)!
We also brought you Advantage Lithium at CAD$0.58, and last December recommended to take profits at CAD$1.32 (up 127%).
Wealth Minerals is being profiled today at CAD$1.94, with future profits unknown (XXX%).
Kenneth Ameduri, co-founder of this letter and chief editor at CrushTheStreet.com, profiled a tiny company called Nano One in 2016 for 40 cents. Today, it trades for CAD$2.35 (up 488%).
The potential gains in the lithium space are ours for the taking, but you have to be unbelievably disciplined because most of the lithium stocks that trade will never make a penny!
This is why we want to begin accumulating shares of Wealth Minerals (WML) now. The news they just announced along with the Chilean government make them an IMMEDIATE takeover target.
***Chile is the lowest-cost region in the world for lithium production
***Financial Times has called lithium in Chile “a buried treasure… The best place in the world to extract the metal”
***For electric vehicles, there isn’t really an obvious alternative in the medium-term
***35% of total global production of lithium comes from Chile
Chile contains half of the world’s most economically extractable reserves of lithium, according to the U.S. Geographical Survey (USGS), which makes it the most efficient low-cost producer on the planet.
“For lithium production, Chile is like the gold standard,” says Brian Jaskula, a commodity specialist at the USGS.
Here is what most investors don’t know when they invest in lithium stocks, and it’s something critical to us doubling, tripling, or even seeing a 10x return on our money.
Nearly ALL of the world’s lithium comes from just four countries: Chile, China, Argentina, and Australia.
With Chile accounting for 1/3rd and being the lowest-cost producer, it is the most important for all the big car companies by far.
What Wealth Minerals (WML) just achieved with their recent announcement makes this the most serious junior lithium stock on the market.
It will take days for the institutional money to digest this news, in my opinion, but the end result is undeniable: WML just positioned itself as the premier takeover target in the lithium space.
Currently, under a Chilean law that was created in 1979, lithium can only be produced by the government, a Chilean state-owned company, or special operation contracts.
It’s why most lithium plays in Chile are nothing more than overly-promoted pipe dreams. In fact, if you own one with assets in Chile and it’s not WML, I suggest you contact your financial advisor asap because the odds are it’s going nowhere and you could lose all of your money.
In that same call to your broker, tell them about WML, who just announced a strategic alliance to develop and commercialize their Chilean projects with the National Mining Company of Chile.
With a 10% stake in WML, the state is now part owner and an official partner of Wealth Minerals, which is why I think we should also take a position and partner with them as well.
The world needs permissible, low-cost lithium production, and with this new state partner, WML is the one lithium stock we want to own.
Consider Shares of Wealth Minerals (TSXV: WML & US: WMLLF).
The global battery market is set to hit $120 billion by 2020!
The current annual demand for electric vehicles is less than 1 million. By 2030, that number is projected to hit 24 million for annual sales!
The Rockefellers, Vanderbilts, and Henry Ford made a fortune from the last energy-powered vehicle revolution.
It’s no surprise that lithium is the hottest sector in the world, along with cobalt, but we need to do this right by positioning ourselves in the right companies that are managed by the right people!
Lithium demand currently outstrips supply, and we have the biggest companies on the planet fighting over future supply.
Warren Buffet’s BYD, Tesla, BMW, Ford, GM, Toyota, Nissan, the list just goes on and on…
Green energy is the trade of the decade, in our opinion.
Lithium, cobalt, and uranium are all important, and for lithium, our only stock suggestion for you is Wealth Minerals (WML).
Some of the biggest winners in the resource sector, like Corriente Resources, International Tower Hill, Trevali Mining, Balmoral Resources, and Cardero Resources, all had one thing in common… A key player by the name of Henk Van Alphen, who is the founder and CEO of Wealth Minerals.
We are backing a real winner here.
Research and consider taking a position in Wealth Minerals today.
Best Regards,
Daniel Ameduri
FULL DISCLOSURE: I have allocated capital to purchase a million shares of this company over the next two weeks.
I want to both partner and profit with you and the Wealth Minerals management team.
I’m initiating coverage today, but I don’t own a single share at the moment and will begin to purchase shares within 24 hours of this email alert.
Bassman101
7 years ago
Investing BIG in the Saudi Arabia of Lithium/Wealth Minerals
Dear Reader,
Tesla is an unprofitable company that is now worth more than Ford. Ford is a company worth $44 billion that sold 6.6 million cars in 2017 and earned profits in the billions of dollars. Tesla is worth $53 billion, despite shipping only 100,000 cars in 2017, and it’s incurring a LOSS – not even turning a profit.
Let that sink in. Fundamentally, Tesla is generations behind, but the intangible expectations of what is to come are what the market is anxiously pricing in.
The shift to electric vehicles will be an overwhelming trend. Musk himself will tell you that Tesla’s valuation has more to do with future potential than current fundamentals. This is one glaring sign that the market is anticipating a tectonic shift in gas to electric vehicles as technology rapidly catches up to societal expectations.
CrushTheStreet.com has a spotless track record of recommending GREEN ENERGY picks. I attribute it to our team and our meticulous process of vetting companies, but I’m proud to say that our track record for clean energy picks is 100%, with all WINNERS and some massive ones in the mix.
Today, I have another pick that I’m certain will become another feather in our hat.
Picking winners is becoming our specialty, and I’ve identified a new opportunity that I truly feel could be an IMMEDIATE success story, as breaking news is developing.
Once again, I’m placing my bets on a new Chilean lithium play: Wealth Minerals (TSXV: WML & US: WMLLF).
Something you should know is that in Chile, lithium can only be produced by the government, a Chilean state-owned company, or special operation contracts.
In the latest news, Wealth Minerals have announced a joint venture where the fully state-owned National Mining Company of Chile (Enami) will become official 10% partners in the company, qualifying Wealth Minerals as an official player in the Chilean lithium space.
This is news that could lead to compounded success, as we have seen in other companies we’ve profiled here at Crush The Street.
The timing for lithium could not be better, as I believe the trend will create many more millionaires and billionaires.
This is breaking news, and if you are reading this now, you are one of the first to hear about this Earth-shattering news that, quite frankly, could lead to a company takeover and a massive payout for early investors.
Chile is considered the Saudi Arabia for lithium and is the lowest-cost region in the world for lithium production. 35% of total global production of lithium comes from Chile.
Nearly ALL of the world’s lithium comes from just four countries (Chile, China, Argentina, and Australia), with Chile accounting for 1/3rd of the world’s entire production. Being the lowest-cost producer is very important for the entire car market, which is drastically shifting towards electric vehicles.
What Wealth Minerals just achieved with their recent announcement makes this the most serious junior lithium stock on the market.
If you have been on the sidelines up until now with the rest of our suggestions here at CrushTheStreet.com, I ask you to judge me on this one here – I’m staking my reputation on it.
Speculating is where I’ve turned tens of thousands into hundreds of thousands, and even MILLIONS. Never invest more than you are willing to lose, and keep in mind that these markets are not for everyone.
May the odds ever be in our favor!
Prosperous Regards,
Kenneth Ameduri
Chief Editor, CrushTheStreet.com
petunia1
7 years ago
Wealth Enters Strategic Alliance with the National Mining Company of Chile - ENAMI
VANCOUVER, British Columbia, March 19, 2018 (GLOBE NEWSWIRE) -- Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV:WML) (OTCQB:WMLLF) (SSE:WMLCL) (Frankfurt:EJZN) announces that it has entered into an agreement (the “Agreement”) with the fully state-owned National Mining Company of Chile (“ENAMI”), whereby the parties have agreed to form a strategic alliance to develop and commercialize the Company’s projects in the Salar de Atacama and Laguna Verde. The Agreement provides that the parties will have 24 months during which to study and assess the aforementioned properties and to form a partnership (the “JV”) for the exploration, development and mining thereof and for the marketing of the products from the projects. The Agreement contemplates that the JV will take the form of an incorporated joint venture company in which ENAMI will own 10% of the JV and have a 10% free-carried interest, while Wealth will own the remaining 90% of the JV. The Agreement provides that the parties will have 24 months to enter into a definitive agreement that will govern the formation and operation of the JV.
Hendrik van Alphen, Wealth’s CEO, stated “We are very happy to have ENAMI as a partner for developing our assets. Not only are we now able to draw upon ENAMI’s experience and knowledge for successfully mining and processing resources in Chile, we have gained a strong state partner that can help fulfill our goals of full scale development to achieve production of lithium and by-products in Chile. This will enable Wealth and ENAMI to meet the world’s growing demand for lithium and secure Chile’s position as a premier player in global lithium markets.”
Background
Under current Chilean law, and since January 1, 1979, lithium cannot be exploited in Chile by regular mining concessions. The Chilean Mining Code establishes that lithium is a strategic mineral and expressly provides that the exploitation of “non-concessible” mineral substances (which includes lithium) can only be performed by:
the Government of the Republic of Chile,
a Chilean state-owned company, or
by means of administrative concessions or special operation contracts that meet the requirements and conditions set forth by the President of the Republic of Chile for each such case.
While a few active licenses in Chile were granted before the current state regulations came into force, the lithium production associated with these licenses represents a small portion of the anticipated lithium supply. The Agreement provides Wealth, along with ENAMI, the ability to apply for the grant of the permits required to explore, develop, produce and export lithium in accordance with the terms of export quotas, in effect from time to time.
Lithium Mining Industry in Chile
Chile is the world’s second largest lithium producer and the largest producer of lithium extracted from high-quality and high-concentration brines, accounting for approximately 35% of the total global production representing 75,800t of lithium carbonate equivalent. Despite this significant footprint in the industry, lithium production in Chile comes exclusively from two operations in a claim owned by CORFO in the Atacama Salar. CORFO (Production Development Corporation), a government body responsible for regional development, has contracted production services to both Albemarle and Sociedad Química y Minera de Chile S.A. or “SQM”. Neither Albemarle nor SQM own the licenses through which they extract lithium, as both companies contract directly with CORFO and not the Chilean state1. As such, all contracts governing the relationship between CORFO, Albemarle and SQM are specific to their operations in the Atacama Salar and are not representative of the current regulatory regime governing the exploitation of resources from lithium licenses generally. In the past year, other companies have begun to enter the lithium space in Chile, most notably CODELCO (National Copper Corporation), Wealth and Lithium Power International, with projects in preliminary stages of development. Chile’s new President, Mr. Sebastián Piñera, and the incoming Minister of Mines, Mr. Baldo Prokurica, have publicly stated their support for Chile’s mining industry and their political platform of attracting foreign and domestic investment to Chile’s natural resource sector.
About ENAMI
ENAMI was established in the 1960s as a state company tasked with promoting the Chilean mining industry, by buying and processing the production of small and medium sized national mining companies. ENAMI is one of two state-owned companies in Chile involved in the mining industry, the other one being CODELCO.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada, Mexico, Peru and Chile. The Company’s main focus is the acquisition of lithium projects in South America. To date, the Company has positioned itself to develop the Aguas Calientes Norte and Quisquiro Salars in Chile (the Trinity Project), as well as to work alongside existing producers in the prolific Atacama Salar. In addition to the Laguna Verde lithium project acquisition, the Company has also positioned itself to play a role in asset consolidation in Chile with the Five Salars project.
The Company is transitioning from asset acquisition to the development of its current high potential portfolio and, in connection therewith, has already invested more than a year on community engagement and geo-physics work related to its Chilean projects. Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues within the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. The Company also maintains and continues to evaluate a portfolio of precious and base metal exploration-stage projects.
For further details on the Company readers are referred to the Company’s website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
WEALTH MINERALS LTD.
“Hendrik van Alphen”
Hendrik van Alphen
Chief Executive Officer
For further information, please contact: Marla Ritchie
Phone: 604-331-0096 Ext. 3886 or 604-638-3886
E-mail: info@wealthminerals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the Company’s expectation that it will be able to enter into a definitive JV agreement with ENAMI, anticipated exploration program results from exploration activities, the Company’s expectation that it will be able to obtain the necessary permits to exploit, develop, produce and export lithium, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained lithium demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s Chilean lithium projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company’s ability to comply with environmental, health and safety laws.
Forward-looking statements by the Company are not guarantees of future results or performance, and actual results may differ materially from those in forward-looking statements as a result of risks and other various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of lithium, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations (including acceptance by the TSX Venture Exchange) required for the definitive JV agreement, the timing and possible outcome of any pending litigation, environmental issues and liabilities, risks related to joint venture operations, and other risks and uncertainties disclosed in the Company’s latest interim Management’s Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.
1 CORFO is a government agency and not a state-owned company such as ENAMI or CODELCO.
peedeeheenee
10 years ago
Wealth Enters into Exclusive LOI to Negotiate Agreement to Acquire the Advanced-Stage Yanamina Gold Property, West-Central Peru
VANCOUVER, April 1, 2015 /CNW/ - Wealth Minerals Limited. ("Wealth" or the "Company") - (TSXV: WML; Frankfurt: EJZ), announces that it has entered into a letter of intent ("LOI") with Coronet Metals Inc. ("Coronet") to negotiate, on an exclusive basis, an agreement to acquire Coronet's Peruvian subsidiary, which subsidiary holds a 100% interest in the advanced stage Yanamina Gold Project, Peru ("Yanamina"). Yanamina consists of 5 mining concessions located in the Department of Ancash, Peru.
PROPOSED ACQUISITION
Pursuant to the LOI, it is proposed that Wealth will acquire Yanamina through acquisition of Coronet's Peruvian subsidiary, Coronet Metals Peru S.A.C. ("Coronet Peru"), in consideration of Wealth issuing 1,000,000 common shares to Coronet (as to 750,000 shares at closing and 250,000 shares six months later). In addition, Wealth would assume responsibility for Coronet Peru's outstanding debt in an amount of no more than USD 81,000, as well as Coronet's obligations with respect to certain future share issuances and payments to Migme Limited (formerly "Latin Gold Limited") ("LGL") and its subsidiary, Westmag Resources Limited ("WRL"), the former owner of Yanamina (including a 1% gross revenue royalty payable to WRL on all gold produced from Yanamina in excess of 200,000 ounces) relating to Coronet's purchase of Coronet Peru from LGL and WRL in 2011. Production from Yanamina is also subject to a 2% NSR in favour of Barrick Gold Corporation ("Barrick"), which can be purchased outright at any time prior to the commencement of construction for USD 200,000 cash.
Closing of the proposed acquisition is subject to the completion and execution of the appropriate formal documentation with Coronet and LGL/WRL and the acceptance for filing of the transaction by the TSX Venture Exchange on behalf of both Wealth and Coronet. There can be no assurance that the transaction will proceed as proposed or at all.
Wealth has commissioned a NI 43-101 technical report which will incorporate a resource estimate and Preliminary Economic Analysis for Yanamina and which it is anticipated will be completed in time to be filed with the TSX Venture Exchange to support the planned acquisition.
YANAMINA PROJECT
Yanamina is located in the Department of Ancash in northcentral Peru (Figure 1). The Ancash region is bordered by the La Libertad region on the north, the Huanuco and Pasco regions on the east, the Lima region on the south and the Pacific Ocean on the west. Yanamina is located approximately 16 kilometers east of the town of Caraz, which is located approximately 93 kilometres north of Huaraz, the largest city in the region with a population of 150,000 and the capital of Ancash. Huaraz is located approximately 400 kilometres north of Lima.
Yanamina is located on the prolific Ancash Fault Zone. Regionally, intense faulting associated with the Ancash Fault Zone has provided conduits for gold bearing hydrothermal solutions, giving rise to a number of gold occurrences and deposits in the region, from encouraging prospects to former producers and operating mines, including Barrick's formerly producing Pierina Gold Mine and its currently producing Alto Chicama/Lagunas Norte Gold Mine.
The mineralization at Yanamina is an advanced-stage gold deposit, which was originally explored by Arequipa Resources Ltd. ("Arequipa") in the early 1990s. Arequipa completed regional prospecting, rehabilitated several of the historic tunnels, drove three new adits and completed 62 diamond drill holes totaling 2,670 metres. In 2000, Barrick acquired Arequipa and thereby Yanamina. In 2006, LGL/WRL acquired an option to purchase 100% of Yanamina from Barrick, subsequently completing a program of channel sampling and 25 diamond drillholes totalling 1,468 metres. Yanamina was acquired by Coronet in 2011, which has not carried out any further exploration since that time.
COMMUNITY & FUTURE WORK
Yanamina is located partially within the buffer zone of the Huascaran National Park. The Company has been advised that mining operations in the buffer zone can be permitted within the current Peruvian legislative framework, subject to strict compliance with all required environmental standards, including extensive reclamation requirements. The Nueva California Mine, located within the buffer zone 17 km to the south of Yanamina, sets a useful precedent for mining activity in the buffer zone. Previous operators at Yanamina, Arequipa and LGL, were able to secure the issuance of required permits, drilling a total of 87 holes under separate drill permits.
An environmental impact study ("EIS") is a requirement of the exploration work permit application, and a community baseline report ("CBR") is a component of the EIS. Valid work permits for exploration activities at Yanamina were issued as recently as 2007 (expired in 2010). However, due to issues arising from activities apparently carried out by a subsidiary of a major energy company involving water extraction from a local reservoir/lake, the local community of Cruz de Mayo successfully opposed the issuance of a permit for further exploration work applied for by Coronet Peru (then owned by LGL/WRL) in 2010. Wealth believes that the issues arising from this event can be satisfactorily resolved, and that the local communities can be successfully involved in the process of moving the development of Yanamina forward.
Wealth's initial objective is to establish a long term Community Agreement with the Cruz de Mayo community and other surrounding communities that would be affected by operations at Yanamina in order to secure the necessary social license to be able to proceed with application for the required permits. The Company intends to allocate the required time and funding to carry out the work estimated to be necessary to secure the Community Agreement, carry out the EIS and complete the permit applications.
Following the issuance of the required permits, Wealth's initial focus would be to complete resource expansion and definition drilling at Yanamina. Much of the early drilling at Yanamina was focused on the upper zone and was too shallow to intersect the lower zone. Drillholes in the deposit average 61 metres in depth, although drillholes intersecting only the upper zone average only about 30 to 40 metres in depth. Future work will focus on infill drilling in the lower zone in the areas north and south of the known deposit before expansion drilling begins.
Qualified Person
Marian Myers, M.Sc., P.Geo., a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Ms Myers is not independent of the Company, as she is a shareholder and a consultant to the Company.
ABOUT WEALTH MINERALS LTD.
Wealth is an early stage mineral exploration company with listings on the TSX Venture and Frankfurt Stock Exchanges. The planned acquisition of the Yanamina Gold Project is consistent with Wealth's project acquisition policy requiring stable geopolitical project locations, low exploration risk, attractive grade, and potentially low capital requirements. While Wealth is not a development company, management insists that projects to be acquired have a reasonable potential for near-term production. The Company also intends to negotiate partnerships that might open up potential project development routes.
On Behalf of the Board of Directors of
WEALTH MINERALS LTD.
"Hendrik van Alphen"
Hendrik van Alphen
President & CEO
For further details on the Company readers are referred to the Company's web site (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.
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