Pure Energy Announces Changes to Management
Pure Energy Announces Changes to
Management
Toronto, Ontario--(Newsfile Corp. - November 24, 2025) -
Pure Energy Minerals Limited (TSXV: PE)
(OTCQB: PEMIF)
("Pure Energy" or "the Company") is pleased to announce the appointment of Mr.
William Morton as President and Chief Executive Officer, effective immediately.
Mr. Morton brings 30+ years of executive leadership in private equity, principally at WL Ross & Co where
amongst other responsibilities he oversaw a clean energy infrastructure fund. He is a graduate of Yale
College and Columbia Law School.
"We are pleased to welcome William Morton as our new President and CEO as Pure Energy," said
Daniel Barnosky, Director. "His extensive financial leadership and investment expertise will be valuable
as we continue to develop our resources and create shareholder value."
Mr. Joseph Mullin resigned from the Board of Directors
as well as from his position as President
and
Chief Executive Officer effective November 20, 2025 to pursue a new opportunity. Mr. Barnosky
stated,
"We wish Joe the best in his future endeavors. We have valued his leadership on strategy, finance, and
governance. It has been a pleasure to work with Joe, particularly during a challenging lithium industry
market. On behalf of the entire Board, I thank him for his years of service and support."
The Company's Board of Directors has granted 364,228 incentive share purchase options ("the
Options") to Mr. Morton, 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 $0.30 per common share until November 20, 2030.
Following the grant of Options, the Company now
has a total of 2,794,500 Options granted representing 8% of the Company's outstanding shares.
As part
of his compensation, Mr. Morton is eligible to receive equity compensation and incentive performance
bonuses.
About Pure Energy
Pure Energy Minerals is a lithium resource company that has consolidated land position at its Clayton
Valley Project in the Clayton Valley of central Nevada for the exploration and development of lithium
resources. The Company entered into an Earn-In Agreement with Schlumberger Technology Corp., a
subsidiary of SLB (formerly Schlumberger Limited), dated May 1, 2019 whereby the Company has
granted SLB an option, in favour of SLB, to acquire all of the Company's interests in the Clayton Valley
Project.
On behalf of the Board of Directors,
"
Daniel Barnosky
"
Director, Pure Energy Minerals Ltd.
CONTACT:
Pure Energy Minerals Limited (
www.pureenergyminerals.com
)
Email:
Telephone - 604 608 6611
Cautionary Statements and Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information
within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future
events or future performance and reflect the expectations or beliefs of management of the Company
regarding future events. Generally, forward-looking statements and information can be identified by the
use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and
phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur".
This information and these statements, referred to herein as "forward-looking statements", are not
historical facts, are made as of the date of this news release and include without limitation, statements
regarding the anticipated benefits of Mr. Morton's financial leadership and investment expertise, and the
Company's plans to develop its resources and create shareholder value.
In making the forward-looking statements in this news release, the Company has applied certain
material assumptions, including without limitation, that the Company will successfully advance the
development of its resources and that such efforts will result in creating shareholder value.
These forward-looking statements involve numerous risks and uncertainties, and actual results might
differ materially from results suggested in any forward-looking statements. These risks and uncertainties
include, among other things, that the Company will not advance the development of its resources and
that the Company will not create shareholder value.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements and forward-looking information.
Readers are cautioned that reliance on such information may not be appropriate for other purposes. The
Company does not undertake to update any forward-looking statement, forward-looking information or
financial out-look that are incorporated by reference herein, except in accordance with applicable
securities laws. We seek safe harbor.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/275639