08:12 AM EDT, 07/07/2025 (MT Newswires) -- Wealth Minerals ( WMLLF ) on Monday said it agreed to develop the Pabellon Lithium Project with Voith Hydro Holding GmbH & Co KG, and jointly with the Quechua Indigenous Community of Ollague (CIQO) and further partners.

Under the terms, Voith Hydro owns 5% of Wealth's portfolio of mineral exploration licenses in the area. The Pabellon Lithium project and its respective assets, including the mining rights in the area, will be transferred to Kuska Minerals, which is 95% owned by Wealth and 5% owned by the CIQO.

A Chilean legal company, joint venture, will be formed whereby Kuska Minerals will own 95% of the Pabellon Lithium project and Voith Hydro will own the remaining 5%.

The company said Voith will bring its know-how and existing partnerships to bear on an application for a CEOL (Special Lithium Operating Contract), which will allow the joint venture to move forward with potentially developing a lithium recovery circuit on the thermal power generation station "Cerro Pabellon" subject to reaching an agreement with the existing operator, or eventually developing a separate lithium extraction operation in its mining concessions.