Last C$0.15 CAD
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Volume 67.9K
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As of 2:24 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

pure energy minerals ltd (PE) Snapshot

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03/5/14 - C$0.24
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pure energy minerals ltd (PE) Details

Pure Energy Minerals Limited is engaged in the acquisition, exploration, and development of mineral properties. It primarily has interests in the Alkali Flats lithium project that covers an area of 2,240 acres located in Esmeralda County, Nevada. The company was formerly known as Harmony Gold Corp. and changed its name to Pure Energy Minerals Limited in October 2012. Pure Energy Minerals Limited was incorporated in 2007 and is headquartered in Vancouver, Canada.

Founded in 2007

pure energy minerals ltd (PE) Top Compensated Officers

Chief Executive Officer, Corporate Secretary,...
Total Annual Compensation: C$50.8K
Chief Financial Officer
Total Annual Compensation: C$35.0K
Compensation as of Fiscal Year 2013.

pure energy minerals ltd (PE) Key Developments

Pure Energy Minerals Enters into a Lease Agreement with HRH Nevada Resources

Pure Energy Minerals Limited announced that as part of its development strategy it has entered into an option to lease agreement with HRH Nevada Resources Ltd. pursuant to which PURE has the option to lease up to 20 acres (the "Property") of the 80 acres of land located in Esmeralda County, Nevada and owned by HRH for the purpose of using the location as a staging area and a support location for exploration programs on the company's mineral claims, and additionally as the possible location of an advanced lithium brine processing, clean water recovery demonstration plant. PURE has until May 31, 2014 to exercise the Option, which if exercised will allow PURE to lease Property for an initial term of up to ten years in consideration of: a minimum monthly lease payment of the greater of USD 2,000.00 or the equivalent USD of 33.76 grams of gold per month for 5 acres of the Property; and an additional minimum monthly lease payment of the greater of USD 6,000.00 or the equivalent USD of 101.27 grams of gold per month for the remaining 15 acres of the Property. On expiration of the Initial Term, PURE has the option to renew the Agreement and lease the Property for an additional 10 years at a negotiated fair market value price.

Pure Energy Minerals Limited Enters into Mutual Cooperation Agreement with Phoenix Water

Pure Energy Minerals Limited announced that it has entered into a Mutual Cooperation Agreement with Phoenix Water, dated March 3, 2014. Pursuant to the terms of the agreement, Pure and Phoenix have agreed to discuss and determine opportunities to jointly collaborate and to propose the first location for the installation, testing and demonstration of the PWT at or near PURE's mineral claims in Esmeralda County, Nevada, USA.

Pure Energy Minerals Announces Memorandum of Understanding with POSCO on Nevada Lithium Project

Pure Energy Minerals Limited announced the execution of a non-binding Memorandum of Understanding with POSCO. The MOU was executed by POSCO and PURE on March 3, 2014. PURE and POSCO entered into the MOU to explore the possibility of collectively engaging in potential joint business opportunities in the areas of: the exploration of lithium and other mineral by-product materials from PURE'S mineral claims located in Esmeralda County, Nevada, USA and commercialization of environmentally friendly mineral extraction and processing technologies for lithium brine. PURE and POSCO will pursue reasonable efforts to enter into a definitive agreement within 6 months from the date of execution on the MOU.


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