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Wealth Minerals ( (TSE:WML) ) has provided an update.
Wealth Minerals Ltd. has announced a non-brokered private placement of up to 12.5 million units at $0.08 per unit, for gross proceeds of up to $1 million. Each unit will comprise one common share and half a common share purchase warrant, with whole warrants exercisable at $0.12 for 24 months, subject to a four‑month hold period and TSX Venture Exchange approval, and with potential insider participation and finder’s fees. The funds are earmarked to advance the company’s recently accepted CEOL application process toward completion of a contract, as well as for general working capital, a step management says will enhance shareholder value and support the company’s broader strategy to capitalize on growing demand for lithium and other battery metals.
The most recent analyst rating on (TSE:WML) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on Wealth Minerals stock, see the TSE:WML Stock Forecast page.
Spark’s Take on TSE:WML Stock
According to Spark, TipRanks’ AI Analyst, TSE:WML is a Neutral.
The score is primarily driven by weak financial performance: no revenue, materially larger losses in 2024, and ongoing cash burn alongside a sharply reduced equity base. Technical signals also lean negative with price below key moving averages and a negative MACD, while valuation provides limited support given a loss-making, non-dividend profile.
To see Spark’s full report on TSE:WML stock, click here.
More about Wealth Minerals
Wealth Minerals Ltd. is a Vancouver-based mineral resource company focused primarily on acquiring and developing lithium projects in South America, particularly in Chile. The company is also working to diversify into precious metals while opportunistically advancing battery metal projects where it believes it has an edge in project selection and early-stage evaluation, positioning itself to benefit from tightening supply-demand dynamics in lithium and other battery metals.
YTD Price Performance: 42.86%
Average Trading Volume: 173,247
Technical Sentiment Signal: Hold
Current Market Cap: C$36.24M
Learn more about WML stock on TipRanks’ Stock Analysis page.