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Pure Energy Minerals Announces Passing of Director Frank L. Wells
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Pure Energy Minerals Ltd. (TSXV:...
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"Pure Energy Minerals Announces Passing of Director Frank L. WellsVancouver, British Columbia--(Newsfile Corp. - April 20, 2023) - Pure Energy Minerals Ltd. (TSXV: PE) (OTCQB: PEMIF) (the \"Company\" or \"Pure Energy\") announces with great sadness that its director, Mr. Frank Wells, passed away on April 14, 2023. Mr. Wells served as a director of the Company since 2018 and as its Interim CFO from 2019 to 2021. Prior to joining Pure Energy, Mr. Wells was the Finance Director and CFO of Central Asia Metals Limited, and Finance Director and Business Development Director for Newmont Capital and Santa Fe Gold Corporation for seventeen years. Ms. Mary Little, speaking for Pure Energy, stated: \"Frank will be missed by all. With his quick wit, financial expertise and insight, Frank brought decades of management experience and contributed significantly to the progress and development of the Clayton Valley lithium project. Frank was a good friend to the entire Pure Energy team and we will miss him.\"On behalf of the Board of Directors and management, Pure Energy extends its deepest sympathies to Mr. Wells' family and thanks him for his dedication to the Company.About Pure EnergyPure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 950 claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley. Pure Energy's Clayton Valley Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle Corporation.Pure Energy's strategic partner, Schlumberger Technologies Corporation (\"SLB\"), is the operator of the Clayton Valley Project. In May of 2019, Pure Energy and SLB signed an Earn-In agreement over the CV Project which requires significant investment by SLB at the Project, to include the design and construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide monohydrate (\"lithium hydroxide\" or \"LiOH∙H2O\") and/or lithium carbonate products at a specified rate. SLB plans to utilize both in-house and commercially available technolo...