Wealth Minerals signs MoU with U1G for Atacama lithium project

Wealth Minerals Ltd has signed a strategic memorandum of understanding (MoU) with Uranium One Group (U1G) which could see U1G take a majority stake in its Atacama lithium project.

Wealth Minerals Ltd has signed a strategic memorandum of understanding (MoU) with Uranium One Group (U1G), under the terms of which U1G could take a majority stake in its Atacama lithium project. 
The project is located in the Atacama Salar in Region II of Antofagasta, northern Chile. The agreement could see global energy company U1G take up to 51% in the project.

The MoU provides for a period during which U1G can conduct technical, geological, legal, tax, financial and other due diligence on the project. The MoU also gives U1G the right to match the...

Published

Andrea Hotter

October 15, 2019

16:42 GMT

New York