Wealth Minerals to Acquire Block of World Copper Shares
LC309468-1
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR21-18 August 10, 2021
Wealth Minerals to Acquire Block of World Copper Shares
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Minerals Ltd. (the
“Company” or “Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN),
announces it has agreed with Gold Springs Resource Corp. (“GRC” ; TSX: GRC ) to purchase
13,225,198 common shares (each, a “WCU Share”) of World Copper Ltd. (“WCU”; TSXV: WCU)
held by a subsidiary of GRC, for an aggregate purchase price of $4,364,315. This transaction, at a
price of $0.33 per WCU Share, is priced at an approximate 15.4% discount to the August 9, 2021
closing price of WCU at $0.39 per WCU Share.
This opportunistic transaction allows Wealth to capitalize on its familiarity with World Copper’s
assets to acquire a large block of shares at a substantial discount. Wealth Minerals intends to hold
the WCU Shares as an investment; and believes that they will provide significant long-term value
for Wealth and its shareholders.
Of the WCU Shares able to be purchased by Wealth, 9,918,898 WCU Shares will remain subject
to a TSX Venture Exchange Value Securities Escrow Agreement (the “Escrow Agreement”) and
will be released from escrow in accordance with the terms thereof (for more details regarding the
Escrow Agreement, see WCU’s news release of January 18, 2021 available on WCU ’s SEDAR
profile at www.sedar.com).
Wealth may, at its sole discretion, arrange for all or a portion of the WCU Shares to be purchased
by Wealth and/or certain eligible purchasers (each such eligible purchaser, a “Substituted
Purchaser”) under the Escrow Agreement. Wealth and/or the Substituted Purchasers will complete
the transaction by no later than October 22, 2021.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada, Mexico and Chile. The Company’s
main focus is the acquisition and development of lithium projects in South America. To date, the
Company has positioned itself to work alongside existing producers in the prolific Atacama salar,
where the Company has a substantial license package.
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. The Company also maintains
and continues to evaluate a portfolio of precious and base metal exploration-stage projects.
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.
Wealth Minerals Ltd. - 2 - August 10, 2021
NR21-18 – Continued
LC309468-1
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]
Media inquiries: Nancy Thompson, Vorticom, Inc.
Phone: 212-532-2208 or 917-371-4053
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.
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 Lit igation Reform Act of 1995. All statements, other than statements of historical fact,
included herein including, without limitation, anticipated exploration program results from exploration activities, the
Company’s expectation that it will be able to ente r into agreements to acquire interests in additional mineral
properties, the discovery and delineation of mineral deposits/resources/reserves , that the Company will be able to
find suitable Substituted Purchasers for the WCU S hares and the anticipated busi ness 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”, “will”, “may”, “expect”, “anticipate”, “intend”, “estimate”,
“postulate” and similar expressions, or are those, which, by their nature, refer to future events. 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 diffic ulties 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, requirements for 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, accidents,
labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or
financing or in the completion of development or construction activities, changes in laws, regulations and poli cies
affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents,
approvals or authorizations , 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 Canadian public disclosure f ilings 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.