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Pure Energy Minerals Ltd V.PE

Alternate Symbol(s):  PEMIF

Pure Energy Minerals Limited is a Canada-based lithium resource developer company, which is engaged in the acquisition, exploration and development of mineral properties. The Company's primary project is the Clayton Valley Project (CV Project), which is located in Clayton Valley, Esmeralda County, Nevada. The CV Project is located in central Esmeralda County, Nevada, approximately halfway between Las Vegas and Reno, Nevada, United States. The Clayton Valley Project contains an inferred mineral resource of approximately 218,000 tons of lithium carbonate equivalent (LCE). In addition, the Company is focused on new processing technologies for lithium through its collaboration with global technology partners, Tenova Advanced Technologies, at the process testing, engineering, and design stage on the Clayton Valley Project. The Company's subsidiaries include 0891884 B.C. Ltd., Esmeralda Minerals, LLC, 1056625 B.C. Ltd., 1061582 B.C. Ltd. and LT Capital Holdings, LLC.


TSXV:PE - Post by User

Bullboard Posts
Comment by Christofferon May 12, 2017 7:06am
151 Views
Post# 26235607

RE:Albemarle question?

RE:Albemarle question?The interesting thing about ALM, they have been producing in site for 50 years or so and the brine contained up to 500mg/LI and have over the years deteriorated to 70-200 mg/li. The climate in Nevada is not perticular good for evaporation ponds, think they have a 6 months longer time in the basins or so compared to more ideal locations. And they have strict wateright, so production has become much less attractive ( medigated by much higher lithium prices of course) so with the new Bateman technology 70mg/li is absolutely fine. ALM was privately owned and bought "recently" hence they might be reluctant to throw another usd 300.000.000 at that site to really access a very viable production and not having watertight trouble. The brine is recharging but clearly at a much slower rate hence lower values.

therefore I could see a scenarios as Eric briefly touched upon from Leo that one superplant was build by PE and shared with ALM under some sort of agreement. Pure speculation from my side. There is an upside for both in this scenario.
Bullboard Posts