Business
Pure Energy Minerals Appoints Interim CFO
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - Pure Energy Minerals Limit...
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"Pure Energy Minerals Appoints Interim CFOVancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - Pure Energy Minerals Limited (TSXV: PE) (OTCQB: PEMIF) (the \"Company\" or \"Pure Energy\") is pleased to announce the appointment of Ms. Ann Fehr as Interim Chief Financial Officer, effective February 1, 2020. Ms. Fehr is a Chartered Professional Accountant, CGA with more than 25 years' experience which includes experience in mergers, corporate finance, financial reporting, governance, compliance, and management. She has held part time officer positions for venture listed companies since 2009 and is the founder and president of Fehr & Associates, which provides consulting services to a number of mineral exploration company clients. Ms. Fehr currently serves as CFO for two other TSX Venture listed corporations.Pure Energy Minerals wishes to thank Mr. Frank Wells who has acted as Interim CFO since November of 2018. The Company appreciates the important services provided by Mr. Wells in the past year and during its transaction with Pure Energy's strategic partner, Schlumberger Technology Corporation, which closed May 28, 2019. Mr. Wells plans to continue as a director of Pure Energy and chair of the audit committee.The Company also reports that a payment of US$250,000 to GeoXplor Corp. for option of its Clayton Valley mineral properties was made, as required by the underlying option agreement. 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 (\"CV Project\") in the Clayton Valley of central Nevada comprising 948 claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley. Pure Energy's CV Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle Corporation.The Company has completed a Preliminary Economic Assessment (\"PEA\") for the Clayton Valley Project (news releases of June 26, 2017 and April 6, 2018) which includes an updated resource calculation and a preliminary economic evaluation. The economic analysis presented in the PEA is based upon inferred mineral resources only. Mineral resources that are not mineral reserves do not have demon...