Business
Wealth Minerals Enters into Letter Agreement to Acquire the Andacollo Oro Gold Project
Announces Private Placement Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) -...
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"Wealth Minerals Enters into Letter Agreement to Acquire the Andacollo Oro Gold ProjectAnnounces Private PlacementVancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the \"Company\" or \"Wealth\") announces it has entered into a binding letter agreement (the \"Letter Agreement\") made as of September 24, 2025 to acquire an indirect 100% royalty-free interest in the Andacollo Oro Gold Project (\"AOG Project\"), located in Chile (the \"Transaction\"). AOG Project Overview1Historical Estimate of 2.02M oz Au in the Measured and Indicated Categories for 130Mt at 0.48 Au grams per tonne Historical Estimate of 5.06M oz Au in the Inferred Category for 358Mt at 0.45 Au grams per tonne Contained within the Historical Measured and Indicated Resource Inventory is a Historical Mineral of 1.16M oz Au in the Proven & Probable Category of 59.3Mt at 0.61 Au grams per tonne (at a cutoff grade of 0.20 Au grams per tonne)Location: Coquimbo Chile (adjacent to Teck Resource's Carmen del Andacollo mine)Past Operation: Open pit heap leachPast Total Production: 1.12M oz Au (1998 to 2018)Past Production mining throughput: 20,000 tpdPast peak production rate: 135,000 oz Au/yearExisting permits: mining rights, land title and water rights 1 Source: CMID SPA Mina Andacollo Oro Project, NI 43-101 Technical Report by GEOINVEST S.A.C E.I.R.L., August 23, 2021 & Updated Report for Resources by GEOINVEST S.A.C E.I.R.L. November 2024) (the \"Historical AOG Report\").Henk van Alphen, Wealth's CEO, said, \"The chance to acquire the AOG Project is an opportunity management believes is the right choice for shareholders. Gold, an asset class that has been around for millennia, is now \"new\" to the capital markets as investors increasingly worry about governments' monetary and fiscal policies globally. I see no reason to expect the drivers of this worry to change, and I expect gold's favor amongst investors to continue. The merits of the AOG Project are obvious and alluded to in this news release. Wealth will continue to advance its lithium project portfolio and seek ways to create shareholder value. Management believes that the best way for the Company to get value for the lithium projects is to have a company that has the overall scale and capital market footpr...