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Wealth Signs Nondisclosure Agreement with the National Mining Company of Chile - ENAMI
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2022) - Wealth Minerals Ltd. (TSXV:...
About this update from Wealth Minerals Ltd.
[{"type":"text","content":"Wealth Signs Nondisclosure Agreement with the National Mining Company of Chile - ENAMIVancouver, British Columbia--(Newsfile Corp. - October 17, 2022) - Wealth Minerals Ltd. (TSXV: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) (the \"Company\" or \"Wealth\"), announces it has entered into a corporate nondisclosure agreement (the \"Agreement\") with the fully state-owned National Mining Company of Chile (\"ENAMI\"), whereby the parties have agreed to study hard data and development vectors of how to best cooperate to create a partnership for the exploration, development and production of lithium in Chile. Hendrik van Alphen, Wealth's CEO, stated, \"We are very happy to work with ENAMI and continue where we left off a few years ago with that organization. ENAMI has new management and we are excited to associate with this dynamic team as they move forward to be a major player in the Chilean lithium industry.\" Mr. Van Alphen also said: \"Wealth has a technology partner selected (see press release of August 9, 2022) and is moving forward with a major Chilean mining partner. ENAMI has extensive experience in successfully mining and processing resources in Chile, and that know-how will be needed in developing Ollagüe and Atacama. Chile is a prime mining jurisdiction, and all the pieces necessary for a successful lithium mining operation are being put in place.\"About ENAMIENAMI was established in the 1960s as a state company tasked with promoting the Chilean mining industry, by buying and processing the production of small and medium sized national mining companies. ENAMI is one of two state-owned companies in Chile involved in the mining industry, the other one being CODELCO. For further information, please see: www.enami.cl About Wealth Minerals Ltd.Wealth is a mineral resource company with interests in Canada and Chile. The Company's main focus is the acquisition and development of lithium projects in South America.The Company opportunistically advances battery metal projects where it has a peer advantage in project selection and initial evaluation.Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. In parallel with lithium...