Pure Energy Minerals: Esmeralda Minerals Gets Remaining Funding From DOE

Pure Energy Minerals (TSXV:PE) reported that its subsidiary, Esmeralda Minerals has received remaining funding for its collaboration with SRI INternational to develop novel cost-effective methods for lithium extraction from geothermal brines.
As quoted in the press release:

Jointly funded by the DOE and the partners, SRI has teamed with Esmeralda Minerals LLC and NII to develop, validate and commercialize a new generation of highly selective ion exchange resins to separate metals, including lithium, from geothermal fluids more efficiently and at lower cost than current processes. The research is being conducted using lithium-enriched brines collected from the Company’s lithium brine project in Clayton Valley, Nevada and release of these funds allows expanded testing using Esmeralda’s resources.

Pure Energy CEO, Robert Mintak, said:

We are delighted with the positive announcement from the DOE to release the remaining funding. The addition of Nitto Innovations Inc. will help unlock the potential commercialization opportunities that may exist for this technology.

Click here for the full press release.