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The latest update is out from Wealth Minerals ( (TSE:WML) ).
Wealth Minerals Ltd., in collaboration with the Quechua Indigenous Community of Ollagüe, has formed a joint venture to develop the Kuska Lithium Project on the Ollagüe Salar in northern Chile. This agreement not only ensures community participation and transparency but also positions Wealth Minerals to advance the development of Kuska towards a significant lithium output, benefiting from governmental prioritization for a special lithium operation contract. The Kuska Project, with an estimated 741,000 tons of lithium carbonate equivalent resources, is set to significantly impact the lithium industry, offering substantial economic potential with a projected pre-tax NPV of $1.65 billion.
More about Wealth Minerals
Wealth Minerals Ltd. is a company engaged in the development of lithium projects, focusing on the exploration and production of lithium resources. Its primary market focus is on lithium development, particularly in the northern region of Chile.
YTD Price Performance: 100%
Average Trading Volume: 304,703
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.64M
For a thorough assessment of WML stock, go to TipRanks’ Stock Analysis page.