Wealth Minerals’ new subsidiary Kuska Minerals is officially established and its board meets for the first time
#1570 - 200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L6
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR25-11 July 14, 2025
Wealth Minerals’ new subsidiary Kuska Minerals is officially
established and its board meets for the first time
FOR IMMEDIATE RELEASE… Vancouver, British Columbia: Wealth Minerals Ltd. (the “Company” or
“Wealth”) – (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; FSE: EJZN) announces the completion of
the formation of its subsidiary Kuska Minerals SpA (“Kuska Minerals”), in which it has partnered with the
Quechua Indigenous Community of Ollagüe (“Ollagüe Community”) to further advance the development
of the Kuska lithium project in the Salar de Ollagüe, Antofagasta Region, Chile (see news release dated
May 27, 2025).
Along with the formation of the new company, its board of directors was established and held its first
meeting. The board is composed of Mr. Hendrik "Henk" van Alphen, Mr. Marcelo Awad, Mr. Francisco
Lepeley, Mr. Stephen Foot, and Mr. Victor Nina Huanca. The latter is the representative designated by the
Ollagüe Community, exercising its right to appoint a member of the Kuska Minerals board.
In its first meeting, the board of directors agreed on certain operating rules and elected Mr. Marcelo Awad
as chairman. Additionally, the progress of the Kuska project was discussed, as well as all the upcoming
tasks the company will undertake. In this regard, the company reports that, according to publicly available
information, the Ministry of Mining is leading an indigenous consultation process for Ollagüe and a small
number of other locations, where it has decided to prioritize the granting of Special Lithium Operating
Contracts ( CEOLs) as a precondition for granting such contracts. In the case of Kuska Minerals, the
company hopes to have a CEOL in the near-term, in order to complete the second exploration campaign,
and initiate the pre-feasibility study and, in parallel, the environmental impact assessment.
Regarding the formation of the Kuska Minerals board of directors, Henk van Alphen , Wealth’s CEO and
Kuska Minerals’ board member, stated, “We are very pleased to see the JV with the Quechua Indigenous
Community of Ollagüe become a reality and to share the new board with Víctor Nina. Since our arrival in
the Ollagüe territory more than five years ago, we have been planning this joint venture, which will allow
us to develop the lithium project with the highest standards of participation and transparency, thus ensuring
that the community directly benefits from the project in several ways.”
Meanwhile, Víctor Nina Huanca, president of the Quechua Indigenous Community of Ollagüe and new
director of Kuska Minerals, said, "Not only are we making history by being the first mining project or
operation in Chile to integrate the community into its pr operty, but this association format and my
participation on the board of directors will allow us to ensure that the project is carried out with due respect
and care for the environment of our territory, always keeping in mind the principles of our Cosmovision.
Our community supports the execution of this project and hopes that the required permits, including the
CEOL, are granted in a timely manner"
About the Kuska Project
The Kuska Project is located on 10,200 hectares in the Salar de Ollagüe area, Antofagasta Region, Chile.
Wealth Minerals Ltd. began developing the Project in 2019 and has completed two exploration campaigns
to date, which also led to the publication of an initial resource estimate (“Estimated Lithium Resources
Wealth Minerals Ltd. - 2 - July 14, 2025
NR25-11 – Continued
#1570 - 200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L6
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
Ollagüe Project” published on SEDAR+ on January 13, 2023) under Canadian NI 43- 101 standards. The
study estimates indicated resources of 741,000 tonnes of Lithium Carbonate Equivalent (“LCE”) with an
average concentration of 175 mg/L, in addition to inferr ed resources of 701,000 tonnes of LCE with an
average grade of 185 mg/L. Additionally, the Company has advanced the study of various direct lithium
extraction (“DLE”) technologies and published a preliminary economic assessment (“PEA”) in February
2024, prepared by DRA Global Limited, which yielded very attractive profitability values (IRR of 33% and
a NPV at 10% discount of US$1.65 billion, pre-tax in both cases) for a 20,000 tonne LCE per year project
with a 20- year mine life. In September 2024, the Chi lean government announced that Ollagüe had been
selected as part of an initial shortlist of salt flats being prioritized for CEOLs. It has opened application
processes for this project, in which Wealth participated. From now on, the new company, Kuska Minerals,
will take ownership and control of the Project. The Kuska Project has been an example of mining project
development with community involvement, which will be reinforced with the formation of the new
company.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada and Chile. The Company’s 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
market dynamics, Wealth believes other battery metals will benefit from similar industry trends.
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.sedarplus.ca.
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, Michael Pound or Henk van Alphen
Phone: 604-331-0096 or 604-638-3886
For all Investor Relations inquiries, please contact:
John Liviakis
Liviakis Financial Communications Inc.
Phone: 415-389-4670
For all Public Relations inquiries, please contact:
Nancy Thompson
Vorticom, Inc.
Office: 212-532-2208 | Mobile: 917-371-4053
Wealth Minerals Ltd. - 3 - July 14, 2025
NR25-11 – Continued
#1570 - 200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L6
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
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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 press release, which has been prepared
by management.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward -looking statements and forward- looking information (collectively, “forward -
looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other
than statements of historical fact, included herein including, without limitation, statements regarding the anticipated
content, commencement, timing and cost of exploration programs, anticipated exploration program results, the
discovery and delineation of mineral deposits/resources/ reserves, the Company’s expectation that it will be able to
enter into agreements to acquire interests in additional mineral projects, 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, 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, but
not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets
generally, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the
market price of any mineral products the Company may produce or plan to produce, the inability of the Company to
obtain any necessary permits, consents or authori zations required, including TSXV acceptance, for its planned
activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue
its projected growth, to raise the necessary capital or to be fully able t o implement its business strategies, 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 fil ings may be accessed
via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with
respect to the Company’s mineral properties.