Bullboard - Stock Discussion Forum 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... see more

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TSXV:PE - Post Discussion

Pure Energy Minerals Ltd > SLB announces it's DLE process produces lithium 500x faster!

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Post by JedClampettTX on Sep 10, 2024 10:05am

SLB announces it's DLE process produces lithium 500x faster!

https://www.slb.com/news-and-insights/newsroom/press-release/2024/slb-achieves-breakthrough-results-in-sustainable-lithium-production

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Comment by Galaxym31 on Sep 10, 2024 4:01pm

What does PE end up with from this joint venture ?

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Comment by jicoop on Sep 11, 2024 11:21am

The answer to your question is below. Not sure what this means ultimately in $$$ but low float of shares I/O right now, so could be worth something down the road. Matket seems to think so this morning, up 14% at time of writing this. Upon completion of all earn-in terms, SLB may take ownership of the CV Project claims and Pure Energy will receive a 3% net smelter return ("NSR") royalty ...more

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Comment by cyber37 on Sep 13, 2024 6:59pm

PE could end up being swallowed by SLB. However, I have noticed that in this news release SLB refers to this process as ….it's DLE process; no mention of PE. If paying 3% royalty amounts to substantial sum buying PE out would only make sense, we'll just have wait & see. G37

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Pure Energy Minerals Ltd