Junior corporate roundup: Wealth, Uranium Energy, Lithium Power
Vancouver's Wealth Minerals appointed Gordon Neal to its board of directors, a press release said.
Wealth has lithium projects in Chile.
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US-based Uranium Energy exercised its previously disclosed option to acquire all of the issued and outstanding shares of Paraguay-based CIC Resources, a wholly-owned subsidiary of CIC Resources, and as a result, the company now controls 100% of the Alto Paraná titanium project in Paraguay.
Uranium Energy issued the vendor 664,879 restricted common shares of the company for aggregate consideration of US$1.02mn. The company also granted the vendor a 1.5% NSR royalty on the property.
The Alto Paraná titanium project is at an advanced exploration stage. Uranium Energy will now be working on preparing a proposed NI 43-101 technical report for the property which will be release before year-end, a statement said.
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The shares of Australia's Lithium Power International will resume trading on the Australian securities exchange on Wednesday, following a trading halt request pending the release of its maiden JORC resource report for the Maricunga lithium project in Chile, according to a securities filing.
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News in: Mining & Metals (Paraguay)
Ball to close Brazil aluminum can plant
The US aluminum beverage can producer said the move will help reduce costs.
Brazilian mineral exports to Mercosur mount
Aluminum tube shipments showed the best performance in the January-April period, increasing 171% year-on-year, official data shows.
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