Wealth Boosts $2M Strategic Funding
Vancouver, British Columbia–(Newsfile Corp. – June 27, 2022) – Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the “Company” or “Wealth”), reports that they have increased their strategic funding announced on June 7, 2022 by 8,000,000 units additional ($2,000,000). The non-brokered private placement (the “Placement”) now consists of a maximum of 12,150,000 units (the “Units”) at a price of $0.25 per unit (the “Offer”) for gross proceeds of up to $3,037 $500. All terms and conditions remain the same as set out in the press release dated June 7, 2022. The financing is fully underwritten and the raise is subject to conditional approval by the TSXV.
The net proceeds of the offering are for exploration and general working capital.
This press release does not constitute an offer to sell any of the aforementioned securities in the United States. None of the foregoing securities have been and will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities law and may not be offered or sold in the United States or to, or on behalf of, or for the benefit of United States Persons (as defined in Regulation S of the 1933 Act) or persons in the United States not registered or exempt from these requirements of registration. This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of the aforementioned securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Wealth Minerals Ltd.
Wealth is a mineral resources company with interests in Canada, Mexico and Chile. The main objective of the Company is the acquisition and development of lithium projects in South America.
The company opportunistically advances battery metal projects where it has an advantage in project selection and initial evaluation.
The dynamics of the lithium market and the rapid increase in the price of the metal are the result of deep structural problems, with the industry responding to anticipated future demand. Wealth is positioning itself as a major beneficiary of this future mismatch of supply and demand. Along with lithium market momentum, Wealth believes other battery metals will benefit from similar industry trends.
For further details on the Company, readers are referred to the Company’s website (www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.
On behalf of the Board of Directors of
WEALTH MINERALS LTD.
“Hendrik Van Alphen”
Hendrik van Alphen
Chief executive officer
For more information, please contact:
Marla Ritchie, Michael Pound or Henk van Alphen
Phone: 604-331-0096 or 604-638-3886
For any inquiries relating to investor relations, please contact:
Liviakis Financial Communications Inc.
For all public relations inquiries, please contact:
Office: 212-532-2208 | Mobile: 917-371-4053
Facebook – https://www.facebook.com/WealthMineralsLtd
Linkedin – https://www.linkedin.com/company/wealth-minerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws, including the United States Private Securities Litigation Reform Act of 1995. All statements , other than statements of historical fact, included herein, including without limitation statements regarding the Company’s anticipated business plans and timing of future activities, are forward-looking statements. Although the Company believes these statements to be reasonable, it cannot guarantee that these expectations will prove to be correct. Forward-looking statements are generally identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “should”, “”, “potential”, “expected” or variations of these words and similar phrases and expressions, which by their nature refer to future events or results which may, might, might or will occur. occur or be taken or achieved. In making the forward-looking statements contained in this press release, the Company has applied several important assumptions, including, without limitation, that market fundamentals will result in sustained demand and prices for lithium , vanadium, copper and precious metals, obtaining all necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s projects in a timely manner, the availability of financing on appropriate terms es for the development, construction and ongoing operation of the Company’s projects and the Company’s ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the information. prospective. These risks and other factors include, among others, operational and technical difficulties related to mining exploration and development activities, the actual results of exploration activities, the timing and amount of estimated future production, production costs , capital expenditures, costs and timing of new field development, additional capital requirements, future lithium and copper prices, risks related to epidemics or pandemics such as COVID-19, including the impact of COVID-19 on the Company’s business, financial condition and results of operations, changes in general economic conditions, changes in financial markets and in the market demand and price of raw materials, lack of investor interest in future financing, accidents, labor disputes and other risks of the mining industry, delays in obtaining approvals government oblations, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies regarding mining operations, title disputes, the Company’s inability to obtain necessary permits, consents, approvals or authorizations, including acceptance by TSXV, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture activities, as well as other risks and uncertainties disclosed in the Company’s latest interim management report and filed with the Canadian Securities Administrators. All of the Company’s Canadian public disclosure documents are accessible via www.sedar.com and readers are urged to review these documents, including technical reports filed with respect to the Company’s mineral properties.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any forward-looking statements contained in this press release or incorporated by reference herein, except as otherwise required by law.
NOT FOR BROADCASTING IN THE UNITED STATES OR DISTRIBUTING TO UNITED STATES NEWS SERVICES
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