President Timothy McCutcheon Interviews on the Strategic Position of Wealth Minerals Assets in Chile
Vancouver, BC, Oct.16, 2017(GLOBE NEWSWIRE) -- Timothy McCutcheon, President of Wealth Minerals LTD. (TSXV: WML, OTCQB: WMLLF) (the "Company"), interviews on the Uptick Network Stock Day Podcast with host Everett Jolly. Mr. McCutcheon discusses the Company's lithium core assets, the increased land position in Chile & the importance of the licenses throughout this region. Continuing the interview he briefly touches on the background of the proceeds strategy implemented into the company and the significance of being in the lithium growing industry now and in the future. Furthermore, Mr. McCutcheon answers the question of what will happen in the next 6 months and Wealth Minerals' development for its future growth within the industry.
In closing Mr. McCutcheon states, "All I can say is the Wealth Minerals management team has been working very hard. There's a lot going on behind the scenes in the day to day operations within the company. What I can say is keep an eye on Chile and the macro environment there. There is a huge push in Chile to move it into a more open, less regulated mining space, in particular regarding lithium. As that happens I think that is going to make people's heads spin and we are the biggest owners to these assets in Chile."
To listen to the full interview please click here or the following link: https://upticknewswire.com/featured-interview-president-tim-mccutcheon-of-wealth-minerals-ltd-otcqb-wmllf-2
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 of lithium projects in South America. To date, the Company has positioned itself to develop the Aguas Calientes Norte, Pujsa and Quisquiro Salars in Chile (the Trinity Project), as well as to work alongside existing producers in the prolific Atacama Salar, in addition to the Laguna Verde lithium project acquisition. The Company has also positioned itself to play a role in asset consolidation in Chile with the Five Salars Project.
The Company continues to pursue new acquisitions in the region, the latest of which is the Seven Salars Project and is eager to move the projects forward into production.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.
The TSX Venture Exchange has in no way passed on the merits of this news release.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 Litigation 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 enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves, the intended use of the proceeds received from the Placement, 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, 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, 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 policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including acceptance by the TSX-V, required for future exploration activities or the acquisition of additional mineral properties, 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 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.
Source: Uptick Newswire
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: info@wealthminerals.com