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Pure Energy Minerals Sends Bulk Sample to POSCO Research Facility
Sep. 14, 2015 12:45PM PST
Battery Metals Investing
Pure Energy Minerals provided an updated on its Clayton Valley South lithium project, noting that, as part of ongoing discussions and project review with POSCO, it has sent a bulk sample of representative brine from the project to POSCO’s research facilities in Korea. The company also provided an update on operations at the project, and on its mutual cooperation agreement with Phoenix water.
Pure Energy Minerals (TSXV:PE) provided an updated on its Clayton Valley South lithium project, noting that, as part of ongoing discussions and project review with POSCO, it has sent a bulk sample of representative brine from the project to POSCO’s research facilities in Korea. The company also provided an update on operations at the project, and on its mutual cooperation agreement with Phoenix water.
As quoted in the press release:
The Company, through its operators, GeoXplor Corp. (“GeoXplor.”) Nevada Alaska Minerals Ltd.(“NAM”) has made all applicable U.S. Bureau of Land Management (“BLM”) and Esmeralda County, Nevada maintenance fees for the 2015/16 period for the Company’s optioned-claims in the southern part of Clayton Valley. In addition, the Company has made all applicable BLM and Esmeralda County payments for the 2015/16 period for claims held by its wholly-owned US subsidiary Esmeralda Minerals LLC. Effective September 2015, in keeping with the Company’s focus on optimisation and cost reduction strategies, the Company has decided to not renew its Alkali Flats Claims (the “AF Claims”) and relinquish the claims that comprise the AF Claims, which were previously optioned from GeoXplor, and these claims have been removed from the Company’s on-going commitments. Planning for forthcoming exploration activities on the Company’s 8,000+ acres in Clayton Valley is underway, with fieldwork expected to take place in Q4 2015.
Additionally, the Company is pleased to announce it has extended its Mutual Co-Operation Agreement with Phoenix Water Technologies (“Phoenix” or “PWT”). Phoenix is an Australian based technology company with proprietary processing technologies for treating super-saline brine and industrial wastewaters to zero liquid discharge. The Agreement, which was originally signed March 3, 2014, has been extended until September 7, 2016. Pure Energy and Phoenix will continue technical and commercial discussions regarding the potential for involvement of PWT in the Clayton Valley Project.