VANCOUVER, BC–(June 2, 2016) – Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTCQB: HMGLF) (the “Company” or “Pure Energy”) is pleased to announce that it has engaged SRK Consulting (“SRK”) to conduct environmental baseline monitoring at the Company’s Clayton Valley South Lithium Brine Project (“CVS Project” or the “Project”) in Nevada. The immediate purpose of this work is to support the filing of anticipated regulatory applications for the anticipated expansion of Pure Energy’s exploration program and future project development work. Longer term, the information collected through this process can also be used to support potential operating permit applications.
In addition, SRK will prepare a detailed permitting plan outlining the necessary regulatory instruments required for the entire Project life cycle. The permitting plan will identify the permits and approvals that would be required to advance the CVS Project through resource expansion, longer term pumping tests, pilot plant operation, feasibility study, and ultimately, to production. The work product from the permitting plan will include a detailed schedule of activities and elements that warrant attention going forward.
Patrick Highsmith, Pure Energy CEO, commented “This is an important first step in a process that will evolve through various phases with the regulatory agencies at the county, state and federal levels. It is exciting to lay this foundation by documenting the key environmental attributes of the project area. Pure Energy intends to develop one of the most sustainable lithium production facilities in the world, and we are committed to an efficient, professional, and rigorous permitting process to achieve that. It is also helpful to be working with SRK Consulting, who have an excellent permitting track record in Nevada.”
About SRK Consulting
SRK is a world-class consultancy offering specialist services to the mining and mineral exploration sectors. With a significant presence in Nevada, SRK has a local team of scientists and engineers with substantial experience in permitting at the county, state and federal levels. In addition, with a permanent worldwide staff of more than 1,400 professionals, SRK has the capability to draw on a large body of professional expertise to address even the most unique challenges.
About Pure Energy Minerals Ltd.
Pure Energy is a lithium-brine resource developer that is driven to become the lowest-cost lithium supplier for the burgeoning North American lithium battery industry. Pure Energy is currently focused on the development of our prospective CVS Lithium Brine Project, which has the following key attributes:
- A large land position with excellent existing infrastructure in a first-class mining jurisdiction: Approximately 9,324 acres in three main claim groups in the southern half of Clayton Valley, Esmeralda County, Nevada.
- Adjacent to the only producing lithium operation in the United States (Albemarle’s Silver Peak lithium brine mine).
- An inferred mineral resource of 816,000 metric tonnes of Lithium Carbonate Equivalent (LCE), reported in accordance with NI 43-101.
- Metallurgical and process studies underway to better understand the feasibility and economics of using modern environmentally-responsible processing technology to convert the CVS brines into high purity lithium products for new energy storage uses.
On behalf of the Board of Directors,
Chief Executive Officer
Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Such forward looking statements are based upon the Company’s reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Factors that could cause such differences include: changes in world commodity markets and the demand for and price of commodities, particularly lithium, unanticipated expenses in exploration programs, technical difficulties in connection with exploration and development activities, technological challenges with the extraction and processing of lithium brines, the speculative nature of mineral exploration, volatile microcap equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry, including environmental requirements. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
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