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An update from Wealth Minerals ( (TSE:WML) ) is now available.
Wealth Minerals has secured acceptance from Chile’s Ministry of Mining for its application for a Special Lithium Operating Contract (CEOL) for the Kuska Project in the Salar de Ollagüe, confirming that the Kuska Consortium, which includes the Quechua Indigenous Community of Ollagüe, has fully met the government’s requirements. The decision clears a major regulatory hurdle and initiates negotiations on final contract terms for a presidential decree, paving the way for potential development of a 20,000-tonne-per-year lithium operation at Kuska, which already carries an NI 43-101 resource estimate and a preliminary economic assessment indicating robust economics and billion‑dollar project value at a time when lithium prices are recovering, with implications for both Wealth’s growth trajectory and Chile’s strategic lithium sector.
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 with interests in Canada and Chile, primarily focused on acquiring and developing lithium projects in South America. The company is also seeking to diversify into precious metals and selectively advances battery metal projects where it believes it has an advantage in project selection and early-stage evaluation, aiming to benefit from structural imbalances between growing demand and constrained supply in the battery metals markets.
Average Trading Volume: 166,719
Technical Sentiment Signal: Hold
Current Market Cap: C$28.99M
See more data about WML stock on TipRanks’ Stock Analysis page.