06:06:09 EDT Fri 04 Jul 2025
Enter Symbol
or Name
USA
CA



Wealth Minerals Ltd (2)
Symbol WML
Shares Issued 341,905,941
Close 2025-07-03 C$ 0.045
Market Cap C$ 15,385,767
Recent Sedar Documents

Wealth Minerals keeps lights on with $616,650 in loans

2025-07-03 17:56 ET - News Release

Mr. Hendrik van Alphen reports

WEALTH MINERALS LOANS

Wealth Minerals Ltd. has closed the loan transaction as announced on June 18, 2025.

The loans were provided by David Lies ($275,000, received on June 13, 2025), Alvin Fund LLC ($205,000, received on June 12, 2025) and Greg Holcombe ($136,650 received on June 13, 2025). Alvin Fund LLC and Greg Holcombe are at arm's length to Wealth. Mr. Lies is a director of the company and as such, this transaction constitutes a "related party transaction" as such term is defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is relying on the exemptions from the formal valuation and minority approval requirements under MI 61-101. The company is exempt from the formal valuation and minority approval requirements of MI 61-101 in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25 per cent of the company's market capitalization.

The loans have a two-year term with a maturity date of July 3, 2027, and bears interest at a rate of 5 per cent per annum compounded annually, and payable on or before the maturity date. The company has issued an aggregate 12,333,000 non-transferable common share purchase warrants to the lenders with an expiry date of July 3, 2027, each bonus warrant entitles the holder thereof to purchase one common share in the capital of the company at an exercise price of five cents per share, expiring on July 3, 2027. Should the company choose to prepay the loans and if such prepayment should be paid within the first year of the term of the loan, a pro rata portion of the bonus warrants will expire early in accordance with Section 2.2 (e) of Policy 5.1. Furthermore, if any financing or the sale of securities is used to prepay the loan involves a lender as a subscriber or participant, the prepayment will be subject to prior exchange acceptance (with the application for exchange acceptance to be made at that time). Further, if the loan is repaid, in whole or in part, during the first year, a pro rata portion of the bonus warrants shall have their term reduced to the later of one year from the date of issuance or 30 days from the date of such repayment, in accordance with Section 2.2 (e) of TSX Venture Exchange Policy 5.1. The pro rata portion shall be calculated based on the percentage of the loan principal repaid during the first year.

All securities issued pursuant to the loans will be subject to a hold period of four months and one day in Canada from the date of issuance. The funds from the loans will be used for general working capital and claim fees.

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada and Chile. The company's focus is the acquisition and development of lithium projects in South America. The company opportunistically advances battery metal projects where it has a peer advantage in project selection and initial evaluation. Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary of this future mismatch of supply and demand. In parallel with lithium market dynamics, Wealth believes other battery metals will benefit from similar industry trends.

We seek Safe Harbor.

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