Wealth Signs LOI for Option to Acquire Atacama Project, Salar de Atacama, Chile
August 04, 2016
Increases Chilean Lithium Projects Area to Over 50,000 Hectares
Vancouver, British Columbia: Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZ), announces that it has executed a Letter of Intent (the “LOI”) dated August 2, 2016 to enter into an option agreement giving it the right to acquire a 100% royalty-free interest in 144 exploration concessions (the “Concessions”) referred to as the “Proyecto Atacama Lithium” and located in the Atacama Salar in Region II of Antofagasta, northern Chile.
Henk Van Alphen, Wealth’s CEO, commented “The Atacama Salar is a premier lithium asset, which accounts for about a third of annual global lithium production. Chile is a great mining jurisdiction and we are delighted to be a part of that country’s burgeoning lithium industry. Wealth’s position in Atacama will firmly place the Company in an exclusive peer group and the team looks forward to exciting times as we advance the Atacama and Trinity Projects..”
Figure 1: Wealth’s newly acquired Atacama Project. SQM and Albemarle
both produce lithium carbonate from concessions held by CORFO.
both produce lithium carbonate from concessions held by CORFO.
Quelle: wealthminerals.com
Figure 2: Wealth’s total current lithium project position in northern Chile: the Atacama and Trinity Projects
Quelle: wealthminerals.com
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