Wealth Minerals to buy two copper assets, spin-out new unit

Lithium-focused Wealth Minerals has signed letters of intent to acquire stakes in two Chilean copper projects, which will be held by newly formed subsidiary Wealth Copper.

Canada-registered Wealth intends to spin-out Wealth Copper to shareholders of Wealth, with the intention of listing the new unit on the TSX Venture Exchange in Toronto. Wealth itself will continue to focus on its Chilean lithium assets. “We remain committed to our world-class lithium projects but, as a result of our activities in South America, we receive an enormous amount of deal flow,” Wealth chief executive officer Henk Van Alphen said. “We...

Published

Andrea Hotter

December 05, 2018

18:35 GMT

New York