Business
Pure Energy Minerals Appoints Joseph Mullin as President and CEO and Grants Options
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2023) - Pure Energy Minerals Ltd. (TSX...
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"Pure Energy Minerals Appoints Joseph Mullin as President and CEO and Grants OptionsVancouver, British Columbia--(Newsfile Corp. - October 5, 2023) - Pure Energy Minerals Ltd. (TSXV: PE) (OTCQB: PEMIF) (\"Pure Energy\" or \"the Company\") is pleased to announce the appointment of Mr. Joseph E. Mullin as President and Chief Executive Officer, effective immediately. Mr. Mullin initially joined the Board of Directors of Pure Energy Minerals Ltd. in November of 2020. Mr. Mullin has over 25 years of experience in corporate finance, private equity, restructuring, and early-stage mineral exploration. Mr. Mullin is the President and CEO of Rise Gold Corp., the Managing Member of Mount Arvon Partners LLC, and is currently an independent director of FireFox Gold Corp. He was previously the President of Virginia Energy Resources Inc. and led its sale to Consolidated Uranium Inc. Prior to that he served as CEO of QuestEx Gold & Copper Ltd. for two and one half years leading up to its sale to Skeena Resources Ltd. He began his career as a financial analyst at Goldman Sachs, and subsequently worked at Invesco Ltd. and Millennium Global Investments Ltd. Mr. Mullin has been involved in metals and mining in the U.S., Canada, Brazil, and Europe and received his B.A. diploma from Harvard University. \"We are very pleased that Joe Mullin will be stepping into the President and CEO role at Pure Energy during this important time as the Company and its partner, SLB Corp., move the Clayton Valley lithium brine project and DLE Pilot Plant forward. Joe brings to the Company a strong background in financial markets, the ability to position the Company for future opportunities, and prior experience managing mineral exploration companies,\" stated Pure Energy Director, Mary Little.The Company's Board of Directors has granted 1,214,820 incentive share purchase options (\"the Options\") to officers, directors and consultants, in concordance with the Company's TSXV-approved Incentive Share Purchase Plan. Each Option entitles the holder to acquire one common share of the Company at an exercise price of $0.83 per common share until October 4, 2028. Following the grant of Options, the Company now has a total of 2,371,486 Options issued representing 7% of the Company's outstanding shares. As part of his compensation, the Company will offer Mr. Mullin stock opti...