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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 springinhetveldon May 10, 2017 6:38pm
105 Views
Post# 26228614

RE:Corporate Update Presentation

RE:Corporate Update PresentationCouple of new things in there, especially regarding Argentina.

The really bad "news" in it that the PEA is now given without a date. Was planned for September last year, move to October and since then no news on it but they started buying addition land first in Nevada (from Cypruss) which did make some sense, and then in Argentina. The later makes no sense if Nevada would be economically feasible as they would have their hands and money completely tangled up for developing Nevada.

So my conclusion is that Nevada is NOT economically feasible, or at least not yet. May become such if the new lands from Cypress and/or the JV with Cypress come up with any Lithium. Otherwise we it will have to be Argentina. 

But I think this share will be dormant for a while now with little up-side potential. See no mention of exploration of the Cypress lands.... So off to Argentina it seems.
Bullboard Posts