Sulzer Acquires Minority Share in Wealth Minerals Ltd.

21.05.2024
Sulzer has acquired a single-digit minority share in Wealth Minerals Ltd., a developer of premier “green minerals” projects based in Vancouver BC, Canada. The official announcement was made on 15.05.2024 in Winterthur, Switzerland, and Vancouver, Canada.
Sulzer Acquires Minority Share in Wealth Minerals Ltd.

(Image source: Sulzer Ltd.)

Investing in Wealth Minerals Ltd. underscores Sulzer's commitment to advancing the green energy transition. With over 190 years of industry experience and a proven track record in sustainable technologies, Sulzer is ready to amplify Wealth Minerals` ambitions in developing environmentally sound Direct Lithium Extraction (DLE) projects. The current main projects are in Chile. This collaboration will play a pivotal role in securing the lithium supply chain. At the same time, it will contribute to reducing the environmental and social impact of “green minerals” large-scale mining. This is a crucial factor to sustainably drive the global green energy transition.

“At the core of this partnership stands our commitment to serve essential industries and contribute to both a prosperous economy and a sustainable society,” said Suzanne Thoma, Executive Chairwoman of Sulzer. "By investing in Wealth Minerals Ltd., we invest in energy security and transition as well as natural resource processing. Green minerals, such as lithium, play a pivotal role in the green energy transition, and Sulzer’s innovation and technology will contribute to making lithium more accessible and more sustainable.”

“We are excited to welcome Sulzer as a strategic investor and to support our long-term vision to become a pre-eminent player in the global lithium industry. We are committed to using the best available techniques and technologies and hereby protect nature," said Henk van Alphen, CEO of Wealth Minerals Ltd.

By appointing Jan Lueder, President of Sulzer’s Flow Equipment Division, to the advisory board of Wealth Minerals, the collaborative effort to advance sustainable energy solutions is significantly strengthened.

"I am incredibly honored and excited to join the advisory board of Wealth Minerals," said Jan Lueder. "This opportunity aligns perfectly with our shared commitment to shaping the future of energy. I look forward to leveraging my experience to support Wealth Minerals in achieving its ambitious goals and driving positive change in the industry."

More articles on this topic

Sulzer and Manweir Sign 10-Year Strategic Service Partnership in Qatar

28.04.2025 -

Sulzer has partnered with Manweir WLL, an engineering services provider, the oil & gas arm of Mannai, to enhance the availability and quality of rotating equipment repairs and services across Qatar. Sulzer’s teams will be based at Manweir’s Ras Laffan facility in Qatar to provide in-country services for oil and gas, power generation, water desalination and industrial customers.

Read more

Sulzer Further Strengthens Middle East Presence with Acquisition of Davies and Mills in Bahrain

18.02.2025 -

Sulzer announces the acquisition of Davies and Mills, an electromechanical services (EMS) provider based in Bahrain. With this acquisition, Sulzer expands its regional footprint in the Middle East to six service locations, welcoming 53 former Davies and Mills employees to the Sulzer family in Bahrain. The acquisition was concluded in January 2025, bringing exceptional expertise to Sulzer’s portfolio.

Read more

Sulzer Expands Presence in India to Enhance Support for Growing Energy Sector

14.02.2025 -

Sulzer has expanded its Service Center in Vadodara, India, to offer turbomachinery support in close proximity to major industry players in India’s mid-western oil and gas industrial belt. The expansion follows the recent launch of Sulzer’s Chennai Service Centre in southeastern India, reinforcing the company’s commitment to the Indian market as the country intensifies its focus on energy security and sustainability.

Read more