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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. The Company is engaged in the exploration and development of mineral properties. Its Clayton Valley lithium brine project (CV Project) is located in Esmeralda County, Nevada. The Clayton Valley Project contains an inferred mineral resource of approximately 218,000 tons of lithium carbonate equivalent (LCE). The Clayton Valley Project is located in central Esmeralda County, Nevada, approximately halfway between Las Vegas and Reno, Nevada, United States. Its Clayton Valley Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprises 950 claims over 23,360 acres (9,450 hectares). In addition, the Company is focused on new processing technologies for lithium through its collaboration with global multinational technology partners such as Tenova Advanced Technologies, at the process testing, engineering, and design stage on the Clayton Valley Project.


TSXV:PE - Post by User

Bullboard Posts
Post by robmackman11on Oct 02, 2014 9:50am
242 Views
Post# 22990560

Update Email from CEO: Robert Mintac

Update Email from CEO: Robert MintacGood morning Robert, Thank you for your patience, I appreciate the time you have taken to call and email for information on Pure Energy's project. Regarding your question's I have just returned from Korea, Pure Energy and POSCO have agreed to extend our MOU for an additional six months, this will allow Pure Energy and POSCO more time to conduct due diligence and allow for Pure Energy to further exploration work on our Nevada lithium brine project. This is an important extension for PE as POSCO has been very patient and maintained interest in our project and the Nevada jurisdiction while we made efforts to raise capital begin our exploration program. We will be providing an exploration program update very shortly as our program is winding up. Regarding lithium recovery processing technologies. To be clear, Pure Energy does not have a proprietary process or is it developing its own mineral recovery process. Our plan is to integrate proven technologies into our development project From the outset, Pure Energy has been focused on proving up our prospective lithium brine claims and the integration of new innovative technologies for lithium recovery that eliminate the traditional evaporation pond model. Evaporation ponds require huge environmental footprints, high capital expenditures, low recovery rates and are subject to meteorological conditions that can impact production time. Since 1966 there has not been any major advancement in the recovery of lithium from brine at any of the major projects in the world. On February 23rd, 2012 POSCO announced that it had developed technology which could potentially change the lithium market. POSCO stated it had successfully demonstrated the technology at a pilot plant scale in Korea using resources from various third parties. POSCO stated that: Its affiliated research center had developed technology to directly extract lithium from brines, while reducing the lithium processing times from the current average of one year or more down to a month The Research Institute Science and Technology (RIST) unit demonstrated that the technology produced yields of 80% lithium from brines, doubling the industry standard of 40% While usually natural evaporation leaves other elements in impure forms, the new technology allows separate extractions of lithium as well as other high-value added elements such as magnesium, calcium, potassium and boron In March 2013, POSCO announced that the company successfully completed testing of the company’s proprietary Direct Lithium Extraction Process. POSCO addressed current lithium economics and inefficiencies by demonstrating that the technology: Increased lithium yields from 40-50% to 80% Achieved lithium carbonate end product in 8 hours vs. industry average of 12 months Is non-dependent on climatic conditions, self-contained and eliminates use of evaporation ponds Is adaptable, scalable and represents a paradigm shift in commercializing lithium This is one of the primary reasons that Pure Energy has been seeking to develop direct relationships with POSCO and hence our MOU. In addition to the POSCO Direct Lithium Extraction Process, Pure Energy has a cooperation agreement with Phoenix Water Technologies on testing a low thermal heat distillation technology known as PWT, that may improve yield and allow for the recovery of a pure water by product as part of the overall mineral extraction process. Pure is also looking at other competing technologies from established chemical processing manufacturers who are seeking to commercialize their lithium brine extraction processes . The capital investment required for the research and development of technologies like the Direct Lithium Extraction Process are outside of the range a junior mining company, we believe it is in the shareholders best interest for PE to align itself with and develop relationships with companies like POSCO and Phoenix to leverage their technologies to advance our project. I hope this answers your questions. Regards, Robert Mintak CEO Pure Energy Minerals Office 604 608 6611
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