Coal India weighs buying Canada's Wealth Minerals unit for Chile lithium assets, sources say

Wealth Minerals has two other lithium projects in Chile, according to its website.

Coal India could alternatively form a joint venture with Wealth Minerals, although the structure, ownership split and investment commitments have yet to be determined, the sources said.

Neither Coal India nor Wealth Minerals immediately responded to requests for comment.

Reuters reported in April that Coal India was in talks with Wealth Minerals about a potential joint venture. The discussions over acquiring its Chile-focused lithium unit are being reported for the first time.

Coal India and Wealth Minerals applied for the mining licence in October 2025, but the process has taken time due to a change of government in Chile, the source said.