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Wealth Minerals Issues Clarifying News Release
Newsfile· 2025-09-30 14:40
Core Viewpoint - Wealth Minerals Ltd. announced a correction to its previous news release regarding a private placement offering and provided additional details about a transaction to acquire a royalty-free interest in the Andacollo Oro Gold Project in Chile [1][2]. Group 1: Private Placement Offering - The company is conducting a non-brokered private placement offering of at least 41,666,666 units at a subscription price of $0.12 per unit, aiming for minimum gross proceeds of $5,000,000 [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, with the exercise price of the warrants corrected to $0.25 [1]. Group 2: Acquisition of Andacollo Oro Gold Project - Wealth Minerals entered into a binding letter agreement to acquire an indirect 100% royalty-free interest in the Andacollo Oro Gold Project located in Chile [2]. - The board of directors unanimously approved the transaction terms, with additional consideration to be paid to the target shareholders estimated between approximately $10,828,125 and $16,429,256, on top of a USD $30 million purchase price [3]. Group 3: Company Overview - Wealth Minerals Ltd. is focused on acquiring and developing lithium projects in South America while diversifying its asset base to include precious metal projects [6]. - The company is strategically positioned to benefit from the anticipated future demand for battery metals, including lithium, due to structural issues in the industry [7].
CleanTech Vanadium Reports Shareholder Meeting Results and Grants Options
Newsfile· 2025-09-25 21:00
Core Points - CleanTech Vanadium Mining Corp. announced that all resolutions at the Annual General & Special Meeting held on September 25, 2025, were approved by shareholders [1] - The company has made amendments to its authorized share structure and the rights associated with its shares [2][3] - The board approved the grant of 880,000 incentive stock options at an exercise price of $0.195, which will vest at 12.5% per quarter for the first two years [5] Company Structure and Governance - The number of directors was set at three, and all nominees listed were elected until the next annual general meeting [7] - Mao & Ying LLP was appointed as the auditors, with the authority given to directors to fix their remuneration [7] - An amended and restated incentive plan was approved to allow for the issuance of restricted share units [7] Amendments and Resolutions - An amendment was approved for advance notice of any director nomination [8] - A resolution was passed to upsize the Shares for Services program [8] - Amendments to outstanding options issued to insiders were approved, reducing the exercise price of 8,230,000 options from a range of $0.10 to $0.20 down to $0.06 [8] Company Overview - CleanTech focuses on critical mineral resources in the USA, with an option to acquire 8,150 acres of mineral rights in the Illinois-Kentucky Fluorspar District and full ownership of the Gibellini Vanadium Mine Project in Nevada [9]