Wealth Minerals Launches $2 Million Private Placement to Boost Lithium Projects

Wealth Minerals ( (TSE:WML) ) has provided an update.

Wealth Minerals Ltd. announced a non-brokered private placement offering of up to 25,000,000 units at $0.08 per unit, aiming to raise up to $2,000,000. The proceeds are intended for exploration, claim fees, and general working capital, with the offering subject to TSX Venture Exchange approval. This move positions Wealth Minerals to strengthen its operations and leverage its strategic focus on lithium and battery metals amidst rising market demand.

More about Wealth Minerals

Wealth Minerals Ltd. is a mineral resource company with interests in Canada and Chile, focusing on the acquisition and development of lithium projects in South America. The company aims to capitalize on the increasing demand for battery metals, particularly lithium, due to structural supply and demand mismatches in the market.

YTD Price Performance: 106.67%

Average Trading Volume: 256,105

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $18.79M

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