Pure Energy Minerals Provides Update for Clayton Valley Lithium Brine Project
Pure Energy Minerals Provides Update for Clayton Valley
Lithium Brine Project
Vancouver, British Columbia
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(Newsfile Corp.
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July 2, 2024)
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Pure Energy Minerals Ltd. (TSXV: PE) (OTCQB:
PEMIF) ("Pure Energy" or "the Company")
is pleased to report progress at the Clayton Valley lithium brine project
("CV Project") located in Esmeralda County, Nevada. Pure Energy entered into a partnership with SLB (NYSE: SLB)
to sustainably develop at scale lithium claims held by Pure Energy in
the Clayton Valley. SLB has deployed a
demonstration plant onsite to test an integrated approach that combines subsurface expertise and surface
engineering of advanced technologies, including direct lithium extraction (DLE) (Figure 1).
The important advances made on the project include:
1.
Application for, and receipt of, final permits from government agencies for the construction and operation
of the demonstration plant;
2.
Completion of plant construction;
3.
Commencement of technical trials, which are ongoing.
The sustainable lithium production demonstration plant is located five kilometers southeast of the town of Silver
Peak, Nevada, on Bureau of Land Management ("BLM") lands. Pure Energy holds 950 BLM mineral claims in the
Clayton Valley area.
The project received all necessary permits from the State of Nevada and the Nevada Division of Water Resources
for the demonstration plant construction and water discharge in 2022 and 2023, respectively. Construction was
largely completed by Q3 of 2023 (Ne
ws release of March 28, 2023).
"SLB's demonstration plant represents a significant step toward sustainable lithium brine production at scale. The
ongoing technical trials at the facility give us increased confidence that SLB's integrated approach is the future for
lithium brine extracti
on in Clayton Valley and elsewhere," stated Joseph Mullin, Pure Energy's CEO.
The information in this news release has been reviewed and approved by Mary L. Little, MMSA #01503, who is a
Qualified Person as defined by National Instrument 43
-
101. Ms. Little is a director of the Company and therefore,
is not considered to be independe
nt.
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 cent
ral Nevada for the exploration and development of lithium resources, comprising 950
claims over 23,360 acres (9,450 hectares), representing the largest land holdings in the valley.
Pure Energy's strategic partner, SLB, is operator of the Clayton Valley Project. In May of 2019, Pure Energy and SLB
signed an Earn
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In agreement over the CV Project which requires significant investment by SLB in the Project, to
include the design and cons
truction of a pilot plant capable of processing lithium
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bearing brines for high
-
quality
lithium hydroxide monohydrate ("lithium hydroxide" or "LiOH
∙H2O") and/or lithium carbonate ("Li2CO3") products
at a specified rate. 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
SEDARplus.com
.
On January 3, 2019, the Nevada Division of Water Resources ("NDWR") approved and granted a Finite Term Water
Right to Pure Energy, through its wholly
-
owned subsidiary Esmeralda Minerals LLC, for the extraction of up to 50
acre
-
feet of brine during a 5
-
year
period from the CV properties. The Finite Term Water Right was renewed in
January, 2024, and is deemed sufficient for brine testing requirements and SLB's pilot plant facility. In July of 2020,
the CV
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09 well was completed pursuant to the Finite Term Water Right, and results of initial sampling were
published by Pure Energy on October 14, 2020. On March 28, 2023, Pure Energy announced that all permits were
in place for the construction and operat
ion of the DLE Pilot Plant, and SLB confirmed that construction was
underway.
On behalf of the Board of Directors,
"
Joseph Mullin
"
CEO, Pure Energy Minerals Ltd.
CONTACT:
Pure Energy Minerals Limited
(www.pureenergyminerals.com)
Email:
Telephone
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+1 604 608 6611
Cautionary Statements and Forward
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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
-
looki
ng 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 indust
ry. 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
gu
arantee 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.
Figure 1. Aerial views of Clayton Valley demonstration plant and surrounding area. Images courtesy of NASA and
SLB.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4131/215223_pe1en.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/215223