Wednesday, October 21, 2026
MiningNewsTerminal
Wednesday, October 21, 2026 Admin

PE.V ·

Pure Energy Grants Incentive Stock Options

Share Capital & Compensation

VANCOUVER, BC–(July 25th, 2016) – Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTCQB: HMGLF) (the “Company” or “Pure Energy”) announces the grant of 1,600,000 incentive stock options (the “Options”), with an exercise price of $0.75 per Option, to certain of its management, directors and consultants under its existing stock option plan. The Options are exercisable for a period of three years. The Options will vest over a period of 90 days, with 1/3 of the Options vesting every 30 days following their issuance.

About Pure Energy Minerals Limited

Pure Energy is a lithium-brine resource developer that is driven to become the lowest-cost lithium supplier for the burgeoning North American lithium battery industry. Pure Energy is currently focused on the development of our prospective Clayton Valley South Lithium Brine Project, which has the following key attributes:

  • A large land position with excellent existing infrastructure in a first-class mining jurisdiction: Approximately 9,324 acres in three main claim groups in the southern half of Clayton Valley, Esmeralda County, Nevada.
  • Adjacent to the only producing lithium operation in the United States (Albemarle’s Silver Peak lithium brine mine).
  • An inferred mineral resource of 816,000 metric tonnes of Lithium Carbonate Equivalent (LCE), reported in accordance with NI 43-101.
  • Metallurgical and process studies underway to better understand the feasibility and economics of using modern environmentally responsible processing technology to convert the CVS brines into high purity lithium products for new energy storage uses.

On behalf of the Board of Directors,

“Patrick Highsmith”

Chief Executive Officer

CONTACT:

Pure Energy Minerals Limited (www.pureenergyminerals.com)

Email: [email protected] Telephone – 604 608 6611, ext 5

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

19284616.1