Wealth Arranges $1.5M in Loans, Renegotiates Atacama Project Option Payment Terms and Provides Corporate Update
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR19-04 February 11, 2019
Wealth Arranges $1.5M in Loans,
Renegotiates Atacama Project Option Payment Terms
and Provides Corporate Update
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd.
(the “Company” or “Wealth”) - (TSXV: WML; OTCQX: WMLLF; SSE: WM LCL; Frankfurt:
EJZN), announces that, subject to TSX Venture Exchange (“TSXV”) acceptance, the Company
has secured loans in the aggregate amount of $1.5 million (the “Loans”) with certain arm’s length
lenders (the “Lenders”).
Loan Details
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 “Bon us Warrant”) to the Lenders.
Each Bonus Warrant will entitle the holder to purchase one comm on 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”).
Revised Atacama Project Option Terms
The Company has renegotiated the terms of the Atacama Option to Purchase Agreement (see news
release dated November 23, 2016) w ith the underlying property v endor, Atacama Lithium SpA,
under which agreement Wealth has been given the exclusive right and option to acquire a 100%
royalty-free interest in 144 exploration concessions comprising in aggregate 46,200 hectares in
Region II of Antofagasta, northern Chile.
Pursuant to the renegotiated terms, the remaining USD $5,000,000 cash payment and issuance of
5,000,000 Wealth common shares due March 1, 2019, has been rescheduled as follows:
Cash USD $ Wealth Shares Due Date
$500,000 5,000,000 February 19, 2019
$2,000,000 - March 31, 2019
$2,500,000 - January 31, 2020
Henk Van Alphen, CEO of Wealth, commented, “Given the current soft state of the equity market
for lithium-focused companies, these revised terms will benefit W e a l t h ’ s s h a r e h o l d e r s a s
Wealth Minerals Ltd. - 2 - February 11, 2019
NR19-04 – Continued
management continues to seek the best options for funding the C ompany’s property option
payments and work programs.”
Asset Portfolio Update
Wealth has completed a comprehensive review of its lithium asse t portfolio and, as a result,
changes have been implemented to conserve cash and focus the Co mpany’s financial and human
resources on the its most impactful projects, namely the Atacama and Trinity projects.
At the Laguna Verde project, the project size has been reduced, allowing the Company to focus on
the claims considered to have the most potential. The Laguna V erde property option has been
relinquished, however the Salar Green & Union property options remain in good standing,
resulting in a Laguna Verde project area reduction from approxi mately 8,738 hectares to
6,300 hectares. In practical terms, this means that the claims relating to the above-ground surface
brine are no longer held by the Company under option and the re maining claims cover areas
considered prospective for sub-surface brines. The interpretat ion of brine potential results from
extensive geophysical Transient Electromagnetic (TEM) surveys c ompleted by the Company on
the Laguna Verde Project (see news release dated September 17, 2018). The Company continues
to hold all property areas where TEM data has established drill targets.
The Five Salars project, acquired under option in April 2017, has been relinquished in its entirety
in consideration for a USD $500,000 payment to the underlying p roperty vendor, Atacama
Lithium SpA, and the Company has no further obligations for or interest in the property.
In connection with the project rev iew process, the Company has also acquired three new project
areas, subject to TSXV acceptance thereof. The Flamenco, Vapor and Harry projects
(the “Acquisitions”) (Figure 1) have been acquired for total co nsideration of 1,450,000 common
shares of the Company. With the acquisition of the Harry project (Figure 2), Wealth has increased
its land position in the Atacama basin from 46,200 hectares to approximately 54,100 hectares.
The Flamenco project is located in the Huasco salar and consists of 2,800 hectares. The Flamenco
acquisition provides Wealth with a position in the Huasco witho ut incurring future cash option
payment obligations. Huasco is a play with consolidation poten tial. Other land owners in the
Huasco salar include Freeport McMoRan, BHP Billiton and Codelco. Readers are cautioned that
the properties held by Freeport McMoRan, BHP Billiton and Codelco are adjacent properties and
that Wealth has no interest in or right to acquire any interest in any part of the properties and that
mineral deposits on adjacent or similar properties are not in any way indicative of mineral deposits
on Wealth’s position in the Huasco salar.
The Vapor project is located in the Ollague salar and consists of 4,200 hectares. Recent drilling
activity by a peer company in the area returned lithium grades up to 480 Li mg/l. Readers are
cautioned that the properties held by a peer company are adjace nt properties and that Wealth has
no interest in or right to acquire any interest in any part of the properties and that mineral deposits
on adjacent or similar properties are not in any way indicative of mineral deposits on Wealth’s
position in the Ollague salar.
Wealth Minerals Ltd. - 3 - February 11, 2019
NR19-04 – Continued
Figure 1: New lithium project acquisitions in northern Chile.
Figure 2: Atacama Project outlined in blue, totalling 46,200 hectares.
The newly acquired Harry property (outlined in red) increases
the total land position to approximately 54,100 hectares.
Henk Van Alphen, CEO of Wealth, commented, “The Acquisitions pr ovide Wealth with an
extended land position in the Atacama basin, and continued opti onality with what I believe to be
Wealth Minerals Ltd. - 4 - February 11, 2019
NR19-04 – Continued
an inevitable lithium project consolidation in Chile. The Acqu isitions have been completed
without cash payments, allowing the Company to preserve cash mo ving forward. Wealth retains
its core focus on Atacama, but also continues to have a promisi ng portfolio of assets, any one of
which could be a company-maker in its own right.”
Qualified Person
Keith J. Henderson, P.Geo, a qualified person as defined by National Instrument 43-101 Standards
of Disclosure for Mineral Projects , has reviewed the scientific and technical information that
forms the basis for the technical disclosure in this news release. Mr. Henderson is not independent
of the Company as he is a share holder, a consultant to the Comp any and holds incentive stock
options of the Company.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada, Mexico, Peru and Chile. The
Company’s main focus is the acquisition and development of lith ium projects in South America.
To date, the Company has positioned itself to develop the Quisq uiro salar in Chile (the Trinity
project), as well as to work al ongside existing producers in the prolific Atacama salar, where the
Company has a substantial licen ses package. The Company has al so positioned itself to play a
role in asset consolidation in Chile with various lithium properties throughout the country.
Lithium market dynamics and a rapidly increasing metal price are the result of profound structural
issues with the industry meeting anticipated future demand. Wea lth is positioning itself to be a
major beneficiary of this future mismatch of supply and demand. The Company also maintains
and continues to evaluate a portfolio of precious and base metal exploration-stage projects.
For further details on the Compa ny 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 further information, please contact: Marla Ritchie
Phone: 604-331-0096 Ext. 3886 or 604-638-3886
E-mail: [email protected]
Neither 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 news release.
Wealth Minerals Ltd. - 5 - February 11, 2019
NR19-04 – Continued
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-
looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United
States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein including, w ithout limitation, the receipt by the Company and the amount of the proceeds from the
Loans, anticipated exploration program results from exploration activities, the Company’s expectation that it will be
able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of
mineral deposits/resources/reserves, future cash and share payments pursuant to the Atacama Option to Purchase
Agreement, and the anticipated business plans and timing of future activities of the Company, are forward-looking
statements. Although the Company believes that such statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking statements are typically identified by words such as:
“believe”, “expect”, “anticipate”, “inten d”, “estimate”, “postulate” and simila r expressions, or are those, which,
by their nature, refer to future events. In making the forward-looking statements in this news release, the Company
has applied several material assumptions, including without limitation, that market fundamentals will result in
sustained lithium demand and prices, th e receipt of any necessary permits, li censes and regulatory approvals in
connection with the future development of the Company’s Chilean lithium projects in a timely manner, the availability
of financing on suitable terms for the development, constr uction and continued operation of the Company projects,
and the Company’s ability to comply with environmental, health and safety laws.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future
results or performance, and that actual results may differ materially from those in forward-looking statements as a
result of various factors, including, operating and technical difficulties in connection with mineral exploration and
development activities, actual results of exploration activities, the estimation or realization of mineral reserves and
mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures,
the costs and timing of the development of new deposits, the fact that the Company’s interests in its mineral properties
(including the Atacama Project and Trinity project) are options only and there is no guarantee that the Company’s
interests in same, if earned, will be certain, requirements fo r additional capital, future prices of lithium, changes in
general economic conditions, changes in the financial markets and in the demand and market price for commodities,
lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays
in obtaining governmental approvals, permits or financing or in the comple tion of development or construction
activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the
Company to obtain any necessary permits, consents, approvals or authorizations (including acceptance by the TSXV
for the Loans, the Bonus Warrants and the Acquisitions), the timing and possible outcome of any pending litigation,
environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties
disclosed in the Company’s latest interim Management Discussion and Analysis and filed with certain securities
commissions in Canada. All of the Company’s Cana dian public disclosure filings may be accessed via
www.sedar.com and readers are urged to review these materials, including the 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 of the forward-looking statements in this news release or incorporated by reference herein,
except as otherwise required by law.