Business
Pure Energy Minerals Makes Option Payment and Provides Corporate Update
Denver, Colorado--(Newsfile Corp. - March 4, 2019) - Pure Energy Minerals Limited (TSXV: PE) (...
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"Pure Energy Minerals Makes Option Payment and Provides Corporate UpdateDenver, Colorado--(Newsfile Corp. - March 4, 2019) - Pure Energy Minerals Limited (TSXV: PE) (OTCQB: PEMIF) (the \"Company\" or \"Pure Energy\") is pleased to provide a corporate update to shareholders. The Company announces that it has made a US$300,000 option payment to GeoXplor Corp. (\"GeoXplor\"), as required by an option agreement signed on May 10, 2017 with subsequent amendments, between Pure Energy, GeoXplor and Clayton Valley Lithium Inc. In addition, shares were issued to GeoXplor Ltd., pursuant to the option agreement, as detailed in a news release of January 11, 2019. During the initial months of 2019, Pure Energy has been actively pursuing necessary regulatory steps in the State of Nevada to advance future activities at the Clayton Valley Project (\"CV Project\"). These include the receipt of a finite term water right which is more than sufficient for the development of a planned Pilot Plant, as detailed in a news release of January 2, 2019. In addition, certain steps have been followed to promote the access to potential future water rights in Clayton Valley, Nevada. Pure Energy is engaged in discussions with interested potential strategic partners, and with regards to various financing alternatives. Pure Energy's board of directors is focused on the successful advancement and development of the CV Project. The Company appreciates the continued support of its shareholders, and the companies and individuals who are working closely with Pure Energy towards achieving this goal in a difficult market.Quality Assurance Walter Weinig, Professional Geologist and Qualified Person as designated by the Mining and Metallurgical Society of America (MMSA registration #01529QP), is a qualified person as defined by NI 43-101 and supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Weinig is not independent of the Company as he is a former officer.About Pure Energy Minerals LimitedPure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. The Company is developing the CV Project in Clayton Valley, Nevada, where it has completed a Preliminary Economic Assessment (\"PEA\") (news releases of June 26, 2017 and April 5, 201...