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WMLLF

Wealth Minerals

$0.00

(0.00%)

08:08
08/15/19
08/15
08:08
08/15/19
08:08

Wealth Minerals receives Pertinencia from Chilean Environmental Agency

Wealth Minerals announces it has received from the Chilean Environmental Agency an initial work program review affidavit, known as a Pertinencia. The Pertinencia is a key document as part of the stakeholder inclusion process for the Company's development of the Atacama Project. While not specifically a drilling permit, the Pertinencia is evidence that the government regulatory bodies have reviewed the exploration plans of Wealth and concluded, based on the information presented, that the program does not require either an Environmental Impact Declaration or an Environmental Impact Study for the completion of the exploration works. A specific drill permit is not required by the Company to work on the Atacama Project. The receipt of the Pertinencia is a major milestone in Wealth's outreach efforts with local communities near the Atacama Project, who stand to benefit together with the Company in the development of the northern part of the Atacama salar.

WMLLF Wealth Minerals
$0.00

(0.00%)

10/09/18
VERF
10/09/18
NO CHANGE
VERF
Sell
Albemarle shares weak on loss of Cesar Jil, says Vertical Group
Vertical Group analyst James Bardowski views Wealth Minerals' (WMLLF) hiring Cesar Jil as its Chief Technical Officer for Chile as a loss for Albemarle (ALB). Adding Jil's expertise will "significantly add to the probability" of Wealth Minerals' successfully bringing its own lithium project assets in the Atacama region of Chile into production, Bardowski tells investors in an emailed research note. The analyst, who believes shares of Albemarle are underperforming today due to the Jil's departure, points out that a core part of his Sell thesis on Albemarle is that "supply is coming." The stock in midday trading is down 3.5%, or $3.57, to $98.68.

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