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 > PE/SLB Earn in agreement

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Post by Luv2tinkeron Jan 30, 2021 12:37pm

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PE/SLB Earn in agreement

Does anyone understand the structure of the earn in agreement with Schlumberger? It looks like after reading SEDAR filings, till my eyes felt like raisins, that once SLB completes an operating plant they will get 100% of the Clayton Valley operation. There is a 3% royalty to be paid to PE from net smelter revenue but NOWHERE can I find how that 3% is going to used. Will it be distributed to PE shareholders or used to fund a new exploration? What will our shares of PE be representing at that point?

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