Pure Energy Minerals Ltd V.PE

News now pending

[Marshall]

The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction process (DLE), process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. This innovative process can create new market opportunities for lithium extraction and battery manufacturing economy, and maximize the value of the lithium-rich resource base in Nevada with cutting edge extraction technology.

The demand for battery-grade lithium is projected to grow exponentially, driven by growth in the electric vehicles (EV) market. As EVs greatly depend on Li-ion rechargeable batteries, sustainable and efficient lithium production has become an important topic for regions, industries, and technology companies, as well as battery and large automotive manufacturers. NeoLith Energy's pilot plant is a step towards a full-scale, commercial lithium production facility. The pilot plant results will be used to optimize the design of the full-scale production plant. The production plant will utilize an environmentally friendly method for subsurface brine extraction and lithium production that requires a significantly smaller footprint and reduces water consumption by over 85% compared to current methods for lithium extraction from brine.

"Nevada lithium resources present an excellent opportunity to demonstrate a leap in production efficiency with a more sustainable approach," said Ashok Belani, Schlumberger New Energy executive vice president. "Schlumberger's expertise in the subsurface domain, development of process technology, and global deployment of technology at scale with various partners all play an important role in the innovation and efficiency of our DLE process. We are accelerating the deployment of our pilot plant in response to the high market demand for battery-grade lithium material."

The pilot plant's implementation is part of Pure Energy's agreement with Schlumberger New Energy for the development of its Clayton Valley lithium brine property, using advanced technology to process the brine to extract high-purity lithium products, and maximize the lithium resource recovery. Commissioning of the pilot plant will begin following receipt of all necessary permits. NeoLith Energy intends to begin operations before the end of 2021.

Schlumberger New Energy has invested more than USD15M in this DLE process technology, and the development and operation of the pilot plant in Nevada will require a similar amount of investment. The innovative and sustainable DLE process has the potential to disrupt the lithium economy by opening new opportunities to existing production regions, and to enable new lithium production regions across the globe to meet the growing demand."

[phigment]

I wonder if there is any way to get insight in to the permitting process. I know things have been overly slow with regards to water rights (anything more than testing).  Right now ALB is still hogging them. So they need those rights before anything else of consequence can be done.

[Marshall]

DENVER, CO – (January 2, 2019) – Pure Energy Minerals Limited (TSX VENTURE:PE) (OTCQB:PEMIF) (the “Company” or “Pure Energy”) is pleased to announce that it has received a water right from the Nevada Division of Water Resources (“NDWR” or “State Engineer”) to extract the lithium-bearing brine needed for operation of the planned pilot plant at its flagship Clayton Valley Project (“CV Project

[phigment]

Yeah, 50acre feet is nothing.  I think that works out to about 61 million litres of brine. If we take one of their higher estimates of density at 251mg/L, that gives us 15.4 metric tonnes of lithium.  What's the going rate of lithium/metric tonne? $9k? So that's a little less than $150k

[Marshall]

Vancouver, British Columbia--(Newsfile Corp. - October 14, 2020) - Pure Energy Minerals Limited (TSXV: PE) (OTCQB: PEMIF) (the "Company" or "Pure Energy") is pleased to report sample results received from a new, recently drilled well, CV-9, at its 100%-held Clayton Valley lithium brine project ("CV Project") located in Esmeralda County, Nevada. Pure Energy's

[phigment]

I'm assuming the important part you are trying to get at is that it's sufficient for testing.  If that's the case, I agree. This will let them test move. After that they still need additional rights to produce a fincancially viable amount of lithium.  Let's hope the tests start soon and they can prove that their methods are better than the evaporation ponds, and that

[cyber37]

Phigment; your posts displays ignorance regarding this company. FYI, Pure Energy has one of the largest land positions in Clayton Valley:    “Clayton Valley Project contains an inferred mineral resource of 218,000 tonnes of lithium carbonate….” (October 14, 2020) “Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium

[phigment]

How is what I said ignorant? The fact that they're sitting on top of a bunch of water doesn't change the fact that they don't have the right to pull that water from the ground. Right now they only have a right to 50 acre-ft. 50 acre-ft is a fixed amount of water, regardless of how much land you own. Fingers crossed they get additional rights, but right now they don't have it.

[cyber37]

You are correct; right now they do not have the right to produce water for commercial operation & 50 acre-feet is for testing only. Few months ago I had a short chat with the company & they stated that testing results will be instrumental to commercial application and process. It is worth noting that PE will employ new (& proprietary) extraction process to extract LI. This process IMHO

[Marshall]

Schlumberger will eventually buy them out and this technology will be used by most other lithium operators in this area due to water constraints. Cha Ching