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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
Comment by smilingmickeyon Jan 12, 2017 8:41am
226 Views
Post# 25698222

RE:RE:RE:RE:RE:RE:RE:RE:RE:Pure Energy future

RE:RE:RE:RE:RE:RE:RE:RE:RE:Pure Energy futureI've given some thought to your comment Show Dog.
Remember that Tesla is already producing 100k per annum of cars using lithium from existing mines and will be making do with supply from existing mines for a while yet.
For sure PE seem to be operating in quite an expansive mood, given the number of holes being sunk in Clayton Valley and the recent investment in Argentina for one to think that they are not too worried about where the next lot of cash is going to be sourced (and I expect some activity there in the near future) So availability for cash may not  slow them down. Presumably there is work going on that we don't know about re the scaling of the Bateman process. Maybe the much delayed PEA may become more of a feasibility study when it is finally published.
There is however the building of the plant to be reckoned with and with the best will in the world, it takes a good 12 months to build a new plant once designed. Mid 2018 for early production is about the best I could envisage.
Bullboard Posts