Wealth Minerals Closes Final 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 [4] - The company aims to advance battery metal projects where it has a competitive advantage in project selection and evaluation [5] Recent Developments - On February 25, 2026, the company closed the final tranche of a private placement, issuing 6,825,000 units at $0.08 per unit, resulting in gross proceeds of $546,000 [1] - The total units issued in the private placement amounted to 19,575,000, with aggregate gross proceeds of $1,566,000 [1] - Each unit consists of one common share and one-half of a common share purchase warrant at $0.12, expiring on February 25, 2028 [1] Financial Details - Finder's fees were paid to Canaccord Genuity Corp. totaling $3,920 in cash and 49,000 finder's warrants, and to Haywood Securities Inc. totaling $2,800 in cash and 35,000 finder's warrants [2] Market Position - The company is positioning itself to benefit from the anticipated mismatch between supply and demand in the lithium market, driven by structural issues in the industry [5] - Wealth Minerals believes that other battery metals will also benefit from similar trends in the industry [5]