Financing News
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…

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: [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 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
investment
tsxv-pe
pure-energy-minerals-limited
pure energy minerals limited
press-release

CORRECTION FROM SOURCE: Colibri Reports Delay in Filing Year-End Financials
This news release supersedes the news release filed on SEDAR on May 6, 2022.Notwithstanding the date of this news release, a news release was disseminated…
Intercontinental Gold and Metals Ltd. Announces Cease Trade Order
Toronto, Ontario–(Newsfile Corp. – May 9, 2022) – Intercontinental Gold and Metals Ltd. (TSXV: ICAU) (the "Company") continues to work diligently to complete…
IIROC Trading Resumption – APM
IIROC Trading Resumption – APM
Canada NewsWire
VANCOUVER, BC, May 9, 2022
VANCOUVER, BC, May 9, 2022 /CNW/ – Trading resumes in:
Company: Andean Precious Metals Corp.
TSX-Venture Symbol: APM
All Issues: Yes
Resumption (ET): 12:15 PM
IIROC can make …
-
Energy & Critical Metals6 hours ago
The Battery Boom Will Redraw Geopolitical Maps
-
Financing News12 hours ago
2021 Exploration Results Materially Increase the Vagar Ridge Gold Discovery with Sample Results of up to 86.7g/t Gold
-
Financing News6 hours ago
Pacific Ridge Acquires Chuchi Porphyry Copper-Gold Project
-
Financing News6 hours ago
American Pacific Mining Provides Update on Its Tuscarora Project in Nevada
-
Economics18 hours ago
Hedge Fund CIO: “We’re On Our Own Now, Without A Fed Safety Net. It’s A Sobering Reality”
-
Precious Metals6 hours ago
Denmark Releases Gold Bar List, But The Serial Numbers Are Missing
-
Precious Metals5 hours ago
Galane Gold Ltd. Announces It Has Completed Mining of the Total Footprint of the Galaxy Ore Body at 22 Level and Has Achieved 29% More Ounces Than Forecasted
-
Gold22 hours ago
Battery metals IPOs have hit highs of +500pc this year – so who’s next on the list?