Business
Pure Energy Minerals Responds to Stock Price
Vancouver, British Columbia--(Newsfile Corp. - May 10, 2023) - Pure Energy Minerals Limited (TSX...
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"Pure Energy Minerals Responds to Stock PriceVancouver, British Columbia--(Newsfile Corp. - May 10, 2023) - Pure Energy Minerals Limited (TSXV: PE) (OTCQB: PEMIF) (the \"Company\" or \"Pure Energy\") is responding to the recent trading activity of its stock. As a general policy, the Company does not comment on speculation and rumours. The Company is not aware of any material undisclosed developments and has no material information or change to report at this time. The Company will inform the market as required and does not have any further comment at this time.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, SLB (formerly Schlumberger), 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 technology in the design of the CV pilot plant. SLB's costs, technical parameters and ultimate technology are anticipated to differ from the published PEA. For further details regarding SLB's participation, please refer to Pure Energy's Annual General and Special Meeting Management Information Circular dated April 4, 2019, available on SEDAR.com.On behalf of the Board of Directors,\"Mary L. Little\"Director, Pure Energy Minerals Ltd.CONTACT:Pure Energy Minerals Limited (www.pureenergyminerals.com)Email: [email protected] - 604 608 6611 Cautionary Statements and Forward-Looking InformationThe information in ...