|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.2721 - 0.3059|
|52 Week Range||0.2700 - 1.5500|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Wealth Minerals (WML.V) (WMLLF) is a junior mineral exploration company that is well-positioned to benefit from its portfolio of prospective lithium projects in the Lithium Triangle. Management intends to advance its concessions through exploration programs and opportunistically acquire additional ones. The Agreement with ENAMI creates a path for the development of Wealth’s Atacama and Laguna Verde Projects.
The Loans have a one year term and bear interest at a rate of 8% per annum compounded annually, payable on the maturity date. The Company has agreed to issue in aggregate 3,750,000 non-transferable bonus common share purchase warrants (each, a “Bonus Warrant”) to the Lenders. Each Bonus Warrant will entitle the holder to purchase one common share in the capital of the Company at an exercise price of $0.40 per share for a period of one year. All securities issued pursuant to the Loans will be subject to a hold period of four months and one day in Canada from the date of issuance. The funds available from the Loans will be used for general working capital and to make property payments on the Company’s Atacama lithium project (“Atacama” or the “Atacama project”).
All securities issued by the Company pursuant to the Placement will have a four month and one day hold period in Canada ending on May 31, 2019. In connection with the Placement, the Company paid aggregate finder’s fees of 118,055 Units, which Units were issued to Canaccord Genuity Corp. (as to 51,625 Units), Sean Schneider (as to 43,750 Units), Edelmetall Finance Inc. (as to 22,400 Units) and Echelon Wealth Partners Inc. (as to 280 Units). All Units issued as finder’s fees have the same terms and conditions as the Units issued under the Placement, provided that the Warrants forming part of the Units issued as finder’s fees are non‑transferable. The net proceeds from the Placement are intended to fund option payments on the Company’s mineral property options, costs for the review and assessment of potential lithium mineral property acquisitions in South America, exploration work on the Company’s existing mineral projects and for general and administrative expenses and working capital purposes.
A high-definition, video webcast of the presentation will be available the following day on the Company's website www.wealthminerals.com, and as part of a complete catalog of presentations available at Noble Capital Markets’ Conference website: www.nobleconference.com and on the new investor portal created by Noble called Channelchek: www.channelchek.com. The webcast will be archived on the company's website, the NobleCon website and on Channelchek.com for 90 days following the event. The Company is an equity-research driven, full-service, investment & merchant banking boutique focused on emerging growth companies.
Each Unit will consist of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.75 per share. In the event that the Company's shares trade at a closing price of greater than $1.50 per share for a minimum of ten consecutive days at any time after the closing of the Offering, the Company may accelerate the expiry date of the Warrants by providing notice to the shareholders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.
“While there are several things we would have liked to have done in 2018, Wealth did successfully hit several key milestones that lay the groundwork for future value,” said Wealth CEO Henk Van Alphen. “First and foremost is our strategic alliance with the fully state-owned National Mining Company of Chile, ENAMI (see press release March 19, 2019). Under the current regulatory framework in Chile, a state partner is key to achieving all the necessary requirements for a successful lithium mining operation.
Frankfurt: EJZN) announces that the Company has entered into two letters of intent (each, a “Letter of Intent”) with respect to the acquisition of interests in two Chilean copper projects, which will be held by a newly formed subsidiary of Wealth (“Wealth Copper”). Wealth intends to proceed with a restructuring transaction (the “Spin-Out”), whereby it would spin-out Wealth Copper to shareholders of Wealth, with the intent of listing Wealth Copper on the TSX Venture Exchange (the “TSX-V”). The Spin-Out is being undertaken to allow Wealth shareholders to benefit from Wealth’s exposure to Chilean mining deals and operational expertise. Wealth will continue to remain focused on its Chilean lithium assets.
Frankfurt: EJZN) announces it will be presenting at the 11th annual LD Micro Main Event on Tuesday, December 4 at 2:00PM PST / 5:00PM EST. Tim McCutcheon, President of Wealth Minerals, will be presenting and meeting with investors. Tim McCutcheon said, "We are very excited to participate at the LD Micro event.
NEW YORK , July 25, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the second quarter 2018 performance ...
NEW YORK , May 14, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Wealth Minerals Ltd. (TSX-V: WML; OTCQX: ...