Wealth Minerals Closes First Tranche of Private Placement

Company Overview - Wealth Minerals Ltd. is a mineral resource company focused on the acquisition and development of lithium projects in South America, particularly in Chile [4] - The company is also working to diversify its asset base to include precious metal projects [4] Recent Financial Activity - The company has closed the first tranche of a private placement, issuing 12,750,000 units at $0.08 per unit, resulting in gross proceeds of $1,020,000 [1] - Each unit consists of one common share and one-half of one common share purchase warrant at $0.12, expiring on January 30, 2028 [1] - Finder's fees were paid to various entities, including Red Cloud Securities Inc., EDE Asset Management Inc., and IBK Capital Corp. [2] Market Position and Strategy - The company is strategically advancing battery metal projects where it has a competitive advantage in project selection and initial evaluation [5] - Wealth Minerals is positioning itself to benefit from the anticipated future mismatch of supply and demand in the lithium market, driven by structural issues in the industry [5] - The company believes that other battery metals will also benefit from similar trends in the market [5]