PURE Energy Minerals Responds to Stock Price
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PURE ENERGY MINERALS RESPONDS TO STOCK PRICE
January 25, 2021 – Pure Energy Minerals Limited (TSX VENTURE: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 Energy Minerals Limited
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 948
claims over 23,36 0 acres (9,450 hectares), representing th e 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 Corpora tion. The Company has completed a Preliminary Economic Assessment (“P EA”) for the
Clayton Valley Project (news releases of June 26, 2017 and April 5, 2018).
Pure Energy’s strategic partner, Schlu mberger 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 co nstruction of a pilot plant
capable of processing lithium -bearing brines for high -quality lithium hydroxide monohydrate (“lithium
hydroxide” or “LiOH∙H 2O”) and/or lithium carbonate products at a specified rate. SLB plans to utilize both in -
house and commer cially 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 pa rticipation, please refer to Pure Energ y’s Annual General and Special Meeting Management
Information Circular dated April 4, 2019, available on SEDAR.com.
On January 3, 2019, the Nevada Division of Water Resources (“NDWR”) approved and granted a Finite Ter m
Water Right to Pure Energy, through its wholly-owned subsidiary Esmeralda Minerals LLC, for the extraction of up
to 50 acre-feet of water during a 5 -year period from the CV properties. This water right is deemed sufficient for
brine testing requirements and SLB’s future pilot plant facility.
On behalf of the Board of Directors,
“Mary L. Little”
Director, Pure Energy Minerals Ltd.
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CONTACT:
Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: [email protected]
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 ot her factors that may cause actual results to differ materially from those
anticipated in our fo rward-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 mi ning industry. Forward -looking statements in this
release may include future exploration and development on the CV Project. Alt hough 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 a s 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.