
Core Viewpoint - Wealth Minerals Ltd. has entered into a Memorandum of Understanding with Voith Hydro to jointly develop the Pabellón Lithium Project in collaboration with the Quechua Indigenous Community of Ollagüe [1][2]. Group 1: Partnership and Project Structure - Voith Hydro will own 5% of Wealth's mineral exploration licenses in the Pabellón area, while Kuska Minerals SpA, 95% owned by Wealth and 5% by the Quechua community, will hold 95% of the Pabellón Lithium Project [2]. - A joint venture (JV) will be established where Kuska Minerals SpA will own 95% of the project and Voith Hydro will own the remaining 5% [2]. Group 2: Project Development and Technology - Voith Hydro will leverage its expertise to apply for a Special Lithium Operating Contract (CEOL), which is essential for developing a lithium recovery circuit at the Cerro Pabellón thermal power generation station [3]. - The project aims to utilize Direct Lithium Extraction technology, enhancing the efficiency of lithium recovery [4]. Group 3: Company Background and Market Position - Wealth Minerals is focused on acquiring and developing lithium projects in South America, positioning itself to benefit from the increasing demand for lithium due to structural issues in the industry [7][8]. - The company aims to advance battery metal projects where it has a competitive advantage in project selection and evaluation [8].