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

— James West

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

I employ a Capital Efficiency Model that dictates money should never be exposed for longer than is absolutely necessary to the possibility of being lost. Thus, I routinely sell half my position when a stock doubles from my entry price, and I sell stocks that lose 20%, unless there are...
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