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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.


TSXV:PE - Post by User

Pure Energy Minerals Ltd > Pure Energy does not say why stock is up
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Comment by davgroon Jan 25, 2021 3:22pm
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Post# 32377932

RE:RE:RE:Pure Energy does not say why stock is up

RE:RE:RE:Pure Energy does not say why stock is upThis is an old news release from September 2015 (over 5 years ago).  The fact is that PE is no closer to production than they were at the time of the release.  They have less than $250K in cash and will need financing real soon just to continue their drilling program.

All recent upward price movement is based on speculation and hype within the Lithium industry and the influx of retail day traders since the pandemic started (eg. Robinhood).

In my opinion the stock price will continue to correct downwards (like today) until PE makes an announcement of market significance.

https://pureenergyminerals.com/pure-energy-minerals-ltd-announces-lithium-supply-agreement/
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