The Conversation (0)
Pure Energy Minerals (TSXV:PE) has extended is existing memorandum of understanding with Korea’s POSCO, one of the largest steel manufacturers in the world. The MOU was originally signed March 3 2014.
As quoted in the press release:
The MOU outlines the intention of Pure Energy and POSCO in collective engaging in joint business opportunities in the areas of:
(a) the exploration and exploitation of lithium and other mineral by-product materials from PURE’S mineral claims located in Esmeralda County, Nevada, USA; and
(b) commercialization of environmentally friendly extraction and processing technologies for lithium brine.
Pure Energy CEO, Robert Mintak, said:
I am very pleased to announce the extension of the MOU with POSCO and look forward to working closely together. The joint initiative will enable the Company to further define its lithium brine project in Clayton Valley, Nevada, including test drilling and pumping data, bulk sampling of lithium bearing brines and to provide this data for evaluation of the project for selective processing methods for lithium and other byproducts.
Click here to read the Pure Energy Minerals (TSXV:PE) press release
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