Pure Energy Minerals Ltd V.PE

Alternate Symbol(s): PEMIF

Metals & Mining Industrial Metals & Minerals

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.

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Pure Energy Minerals Ltd > Run-up in Share Price on "No News"

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Post by davgroon Jan 21, 2021 7:47pm

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Post# 32355905

Run-up in Share Price on "No News"

I suspect that the recent run-up in share price on no news is a prelude to a pending bought deal or best effort financing.

The company only had cash of $215K as of their September 30th, 2020 financial statement.

Last quarter's (ending December 31st, 2020) cash burn will eat into that and necessitate some form of financing to continue drilling at their Clayton Valley lithium project.

JMO....I would hold off any future stock purchases at this price level and wait on the financing news.

https://www.stockwatch.com/News/Sedardoc/4691223.pdf

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