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    WML   CA9468852095

WEALTH MINERALS LTD.

(WML)
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Jurgen M. Geissinger Joins Wealth Minerals Advisory Board

07/30/2021 | 11:39am EDT

Vancouver - Wealth Minerals Ltd. (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN), announces the appointment of Jurgen M. Geissinger to the Advisory Board.

Mr. Geissinger is a renowned German automobile sector manager with a keen interest in current technological changes changing the face of the auto industry. Mr. Geissinger was Chief Executive Officer of Senvion S.A., a Hamburg based wind turbine manufacturer. Previously, he was also the CEO of Schaeffler AG, a German based supplier of bearing solutions and precision components for automotive and industrial applications. Under his tenure, Schaeffler AG grew sales 4 times to EUR14 billion. He was a leader in the consolidation of the German auto components industry with several high-profile corporate actions, including the acquisition of FAG Kugelfischer, a leading bearing manufacturing company, and Continental AG, a global tire manufacturer. By the time Mr. Geissinger left Schaeffler AG, it was the third-largest automotive supplier in the world.

Mr. Geissinger currently sits on the Board of MTU Aero Engines AG (50% owned by Daimler-Benz). He was also a board member of Continental AG and Swedish Manufacturing concern SANDVIK AB.

Hendrik van Alphen, CEO of Wealth, commented 'Mr. Geissinger is a tremendous addition to the Wealth team. He has the experience and contacts to raise the profile of our Company amongst the largest source of demand growth for lithium in the world, automobile manufacturers. We all look forward to working with him.'

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada, Mexico and Chile. The Company's main focus is the acquisition and development of lithium projects in South America. To date, the Company has positioned itself to work alongside existing producers in the prolific Atacama salar, where the Company has a substantial licenses package.

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. The Company also maintains and continues to evaluate a portfolio of precious and base metal exploration-stage projects.

Contact:

Marla Ritchie

Tel: 604-331-0096

Email: info@wealthminerals.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, anticipated exploration program results from exploration activities, the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves, the closing and amount of the Placement, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements.

Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: 'believe', 'expect', 'anticipate', 'intend', 'estimate', 'postulate' and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of lithium, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in the Placement, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including acceptance by the TSX-V, required for the Placement, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties disclosed in the Company's latest interim Management Discussion and Analysis and filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
CONTINENTAL AG 2.46% 94.46 Delayed Quote.-15.98%
SCHAEFFLER AG 2.23% 6.65 Delayed Quote.-4.83%
WEALTH MINERALS LTD. 11.25% 0.445 Delayed Quote.370.59%
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Financials
Sales 2020 - - -
Net income 2020 -5,33 M -4,21 M -4,21 M
Net Debt 2020 3,33 M 2,63 M 2,63 M
P/E ratio 2020 -3,01x
Yield 2020 -
Capitalization 93,7 M 73,9 M 74,0 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 92,4%
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Wealth Minerals Ltd. Technical Analysis Chart | WML | CA9468852095 | MarketScreener
Income Statement Evolution
Managers and Directors
Hendrik van Alphen Chief Executive Officer & Director
Timothy Rand McCutcheon President
Sead Hamazagic Chief Financial Officer
Cesar Jil Chief Technology Officer & GM-Chile Region
Stefan Schauss Independent Director
Sector and Competitors