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