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Wealth Minerals raises C$6.9M in placement to fund Chile lithium projects

Wealth Minerals Ltd. said June 14 that it raised C$6.9 million through an oversubscribed placement of units at C$1.10 each, which initially targeted C$5 million and was subsequently upsized to C$6.2 million.

The Canadian junior explorer will use the proceeds to develop its Laguna Verde, Trinity and Atacama lithium projects in Chile and for general working capital.