Wealth Minerals and Rosatom partner up in Chile

Russia’s state nuclear group Rosatom and Canada’s Wealth Minerals (TSXV: WML) are working towards a partnership at the junior’s Atacama lithium project in northern Chile. The two companies signed a memorandum of understanding (MOU) under which Rosatom, through its subsidiary Uranium One Group, can earn up to a 51% stake in the project along with the right to purchase 100% of its offtake. The MOU would give Wealth Minerals access to Rosatom’s technology, which dispenses with the massive solar evaporation ponds that are currently used to extract lithium from the brine in high altitude salars or basins. Rosatom’s sorption technology, by contrast, employs a re-usable catalyst material that attracts the lithium salt without using any type of heat in the process. Continue reading at The Northern Miner.