Pure Energy Minerals Issues Shares
Pure Energy Minerals Issues Shares
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2022) -
Pure Energy Minerals Ltd. (TSXV: PE)
(OTCQB: PEMIF)
("Pure Energy" or "the Company") announces that, subject to regulatory approval, it
will issue a total of 178,211 shares at a price of $1.209 per share, pursuant to a financial services
agreement with an advisor to the Company, and additionally to issue shares for services provided by a
director of the Company.
About Pure Energy
Pure 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, Schlumberger Technologies Corporation ("SLB"), 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:
Telephone - 604 608 6611
Cautionary Statements and Forward-Looking Information
The information in this news release contains forward-looking statements that are subject to a number of
known and unknown risks, uncertainties and other factors that may cause actual results to differ
materially from those anticipated in our forward-looking statements. Factors that could cause such
differences include: changes in world commodity markets, equity markets, costs and supply of materials
relevant to the mining industry, change in government and changes to regulations affecting the mining
industry. Forward-looking statements in this release may include future exploration and development on
the Clayton Valley Project.
Although we believe the expectations reflected in our forward-looking
statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity,
performance or achievements.
The Company does not undertake to update any forward-looking information, except as required by
applicable laws.
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/123253