Wealth Minerals President Tim McCutcheon: Is a Takeover in the Wind?

James West
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Wealth Minerals Ltd. (CVE:WML)(OTCMKTS:WMLLF) controls ~15 different salars in Chile. But more importantly, they are holders of a 46,000 hectare section of the Atacama Salar, from which one third of the world’s lithium is produced by Albemarle Corporation (NYSE:ALB) and Sociedad Qimica y Minera, better known as SQM (NYSE:SQM). Together, these two companies represent US$29 billion in market cap, and are the two biggest producers of lithium in the world. That, in my view, makes Wealth Minerals a primary target of companies seeking to acquire access to substantial supplies of lithium as the Electric Car revolution now underway continues to build steam. President Tim McCutcheon updates us.

James West

James West

Editor and Publisher

James West founded Midas Letter in 2008 and has since been covering the best of Canadian and US small cap companies. He covers global economics, monetary policy, geopolitical evolution, political corruption, commodities, cannabis and cryptocurrencies. As an active market participant, James is not a journalist and is invariably discussing markets...
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