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Company News

Russia's Rosatom may purchase controlling stake in lithium project in Chile

MOSCOW, Oct 15 (Reuters) - Uranium One Group, a subsidiary of Russia’s state nuclear company Rosatom, may purchase a controlling stake in a lithium project in Chile from Canada-listed Wealth Minerals Ltd, Wealth Minerals said in a statement on Tuesday.

Wealth Minerals signed a strategic memorandum of understanding with Uranium One which provides for the acquisition by Uranium One of up to a 51% ownership interest in Wealth Minerals’s Atacama lithium project in northern Chile, it added.

Reporting by Polina Devitt; editing by Louise Heavens

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