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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 1bearon Apr 21, 2005 10:39am
137 Views
Post# 8937127

RE: called the company

RE: called the companyi believe this is the quote you are referring to ... it was posted on Jan 6/05They are not looking to do another private placement at this time, but said in a few months possibly. I was also informed that there will not be too much equity needed to be raised through the issue of more stock with the level of corporate interest he is recieving, even when commercial units are put into production. I am assuming that means some levels of debt financing or even royalty agreements to reduce PE's level of capital required in the construction of the commercial units. I guess we have to wait and see about dilution on that matter.
Bullboard Posts