SLB Completes Earn-in for Pure Energy's Clayton Valley Lithium Project
Pure Energy Minerals (TSXV: PE) (OTCQB: PEMIF) announced that its partner SLB (NYSE: SLB) has completed the earn-in requirements for Pure Energy's Clayton Valley lithium brine project in Nevada. SLB has met technical milestones including continuous production of lithium carbonate at a pilot plant using direct lithium extraction technology. Upon finalizing the earn-in, SLB will take 100% ownership of the project claims, while Pure Energy will receive a 3% net smelter return royalty on all commodities extracted.
The Clayton Valley property comprises 950 placer mineral claims over 9,450 hectares. SLB's pilot plant, described as one of the largest and most advanced DLE plants in the U.S., began producing lithium carbonate in March 2024 after construction started in Q1 2023. Pure Energy's CEO Joseph Mullin expressed excitement about being part of SLB's clean energy technology development through its New Energy business.
Pure Energy Minerals (TSXV: PE) (OTCQB: PEMIF) ha annunciato che il suo partner SLB (NYSE: SLB) ha completato i requisiti per l'earn-in per il progetto di sali di litio di Clayton Valley in Nevada. SLB ha raggiunto traguardi tecnici, tra cui la produzione continua di carbonato di litio presso un impianto pilota che utilizza tecnologia di estrazione diretta del litio. Una volta finalizzato l'earn-in, SLB assumerà il 100% della proprietà delle concessioni del progetto, mentre Pure Energy riceverà una royalty del 3% sul ritorno netto della fusione su tutte le materie prime estratte.
La proprietà di Clayton Valley comprende 950 concessioni minerarie a placers su 9.450 ettari. L'impianto pilota di SLB, descritto come uno dei più grandi e avanzati impianti DLE negli Stati Uniti, ha iniziato a produrre carbonato di litio a marzo 2024, dopo che la costruzione è iniziata nel primo trimestre del 2023. Il CEO di Pure Energy, Joseph Mullin, ha espresso entusiasmo per far parte dello sviluppo della tecnologia energetica pulita di SLB attraverso la sua attività di New Energy.
Pure Energy Minerals (TSXV: PE) (OTCQB: PEMIF) anunció que su socio SLB (NYSE: SLB) ha completado los requisitos de earn-in para el proyecto de salmuera de litio de Clayton Valley en Nevada. SLB ha alcanzado hitos técnicos, incluyendo la producción continua de carbonato de litio en una planta piloto utilizando tecnología de extracción directa de litio. Al finalizar el earn-in, SLB asumirá una propiedad total del 100% de las concesiones del proyecto, mientras que Pure Energy recibirá una regalía del 3% sobre el retorno neto de la fundición de todas las materias primas extraídas.
La propiedad de Clayton Valley comprende 950 concesiones minerales de tipo placer sobre 9,450 hectáreas. La planta piloto de SLB, descrita como una de las más grandes y avanzadas plantas DLE en los EE. UU., comenzó a producir carbonato de litio en marzo de 2024, después de que la construcción comenzara en el primer trimestre de 2023. El CEO de Pure Energy, Joseph Mullin, expresó su entusiasmo por ser parte del desarrollo de la tecnología de energía limpia de SLB a través de su negocio de New Energy.
푸어 에너지 미네랄스 (TSXV: PE) (OTCQB: PEMIF)가 파트너 SLB (NYSE: SLB)가 네바다의 클레이튼 밸리 리튬 브라인 프로젝트에 대한 어른인 요건을 완료했다고 발표했습니다. SLB는 직접 리튬 추출 기술을 사용하는 시범 공장에서 리튬 탄산염의 지속적인 생산을 포함한 기술적 이정표를 달성했습니다. 어른인이 완료되면 SLB는 프로젝트 권리에 대한 100% 소유권을 취득하며, 푸어 에너지는 추출된 모든 상품에 대해 3%의 순 제련 수익 로열티를 받게 됩니다.
클레이튼 밸리 부지는 9,450 헥타르에 걸쳐 950개의 플래서 광물 권리로 구성되어 있습니다. 미국에서 가장 크고 진보된 DLE 공장 중 하나로 설명되는 SLB의 시범 공장은 2023년 1분기에 건설을 시작한 후 2024년 3월에 리튬 탄산염 생산을 시작했습니다. 푸어 에너지의 CEO인 조셉 멀린은 SLB의 청정 에너지 기술 개발의 일원이 되어 기쁘다고 전했습니다.
Pure Energy Minerals (TSXV: PE) (OTCQB: PEMIF) a annoncé que son partenaire SLB (NYSE: SLB) a rempli les conditions pour l'earn-in du projet de saumure de lithium de Clayton Valley dans le Nevada. SLB a atteint des jalons techniques, y compris la production continue de carbonate de lithium dans une usine pilote utilisant la technologie d'extraction directe du lithium. Une fois l'earn-in finalisé, SLB prendra la pleine propriété à 100% des revendications du projet, tandis que Pure Energy recevra une redevance sur le rendement net de fusion de 3% sur toutes les matières premières extraites.
La propriété de Clayton Valley comprend 950 revendications minières de placer sur 9 450 hectares. L'usine pilote de SLB, décrite comme l'une des plus grandes et des plus avancées des États-Unis, a commencé à produire du carbonate de lithium en mars 2024, après que la construction a débuté au premier trimestre 2023. Le PDG de Pure Energy, Joseph Mullin, a exprimé son enthousiasme à faire partie du développement de la technologie énergétique propre de SLB à travers son entreprise New Energy.
Pure Energy Minerals (TSXV: PE) (OTCQB: PEMIF) hat angekündigt, dass sein Partner SLB (NYSE: SLB) die Anforderungen für den Earn-In des Lithiumsoleprojekts Clayton Valley in Nevada erfüllt hat. SLB hat technische Meilensteine erreicht, einschließlich der kontinuierlichen Produktion von Lithiumcarbonat in einer Pilotanlage, die die direkte Lithiumextraktionstechnologie nutzt. Nach Abschluss des Earn-In wird SLB 100% des Eigentums an den Projektansprüchen übernehmen, während Pure Energy eine 3% Nettoraffinerie-Royalty auf alle extrahierten Rohstoffe erhalten wird.
Das Clayton Valley Grundstück umfasst 950 Placer-Mineralansprüche über 9.450 Hektar. Die Pilotanlage von SLB, die als eine der größten und fortschrittlichsten DLE-Anlagen in den USA beschrieben wird, begann im März 2024 mit der Produktion von Lithiumcarbonat, nachdem der Bau im 1. Quartal 2023 begonnen hatte. Der CEO von Pure Energy, Joseph Mullin, äußerte seine Begeisterung, Teil der Entwicklung von SLBs sauberer Energietechnologie durch das Geschäft New Energy zu sein.
- SLB completed earn-in requirements, demonstrating technical success of the DLE pilot plant
- Pure Energy to receive 3% net smelter return royalty on all extracted commodities
- Clayton Valley property comprises large 950 claim, 9,450 hectare land package
- Pilot plant successfully producing lithium carbonate since March 2024
- Pure Energy giving up 100% ownership of Clayton Valley project to SLB
- Company transitioning from project operator to royalty holder
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2024) - Pure Energy Minerals Ltd. (TSXV: PE) (OTCQB: PEMIF) ("Pure Energy" or "the Company") is pleased to report that its partner, SLB (NYSE: SLB), has completed a comprehensive technology demonstration and testing program as required to earn-in to the Company's
SLB has demonstrated completion of specific technical milestones to qualify the earn-in to
Upon completion of all earn-in terms, SLB may take ownership of the CV Project claims and Pure Energy will receive a
Pure Energy acquired its Clayton Valley mineral properties over an eleven-year period from 2012 - 2023 by staking open ground and through option agreements with neighboring claimholders. The property comprises 950 placer mineral claims over 9.450 hectares (23,360 acres) in good standing, granted by the US Bureau of Land Management ("BLM"). These constitute one of the largest mineral landholdings within Clayton Valley. During the period 2014-2019, nine bore holes were completed by Pure Energy, of which the production-scale hole CV-9 provides brine flow to the pilot plant. A Preliminary Economic Assessment ("PEA") study, as amended, was published in April of 2018, incorporating results from the initial eight bore holes, and an additional seven holes subsequently were acquired together with properties. Pure Energy initiated the permitting process for development of a pilot plant in 2017.
During the past five years, SLB worked closely with the BLM and the State of Nevada to obtain necessary permits for construction and operation of the pilot plant, in addition to meeting all environmental requirements for site and resource use. Construction was initiated in Q1 2023 and the first product of Li2CO3 occurred in March of 2024.
"The CV Project Pilot Plant represents one of the largest and most advanced DLE plant of its kind in United States", remarked Joseph Mullin, CEO of Pure Energy Minerals. "We are very excited for Pure Energy to be part of SLB's development of clean energy technologies through its New Energy business. Our partnership has been productive, professional and beneficial to both entities."
The information in this news release has been reviewed and approved by Mary L. Little, MMSA QP#01503, who is a Qualified Person as defined by National Instrument 43-101. Ms. Little is a director of the Company and therefore is not considered to be independent.
On behalf of the Board of Directors,
"Joseph Mullin"
CEO, Pure Energy Minerals Ltd.
CONTACT:
Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: info@pureenergyminerals.com
Telephone - +1 604 608 6611
Cautionary Statements and Forward-Looking Information
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 anticipated in our forward-looking statements. Factors that could cause such differences include changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include future exploration and development of the Clayton Valley Project. 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.
The Company does not undertake to update any forward-looking information, except as required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222961
FAQ
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