Pure Energy Minerals Ltd (QB) (PEMIF) Share Price

https://www.slb.com/news-and-insights/newsroom/press-release/2024/slb-achieves-breakthrough-results-in-sustainable-lithium-production

https://www.slb.com/news-and-insights/newsroom/press-release/2024/slb-achieves-breakthrough-results-in-sustainable-lithium-production

Great to hear, thanks!

Sounds like the SLB Neolith Refinery is done and working so we should see some big news soon. Not sure how long they can keep a lid on this with how Pure has been trading for the last 6 weeks. The whole, no material change message from May 10th isn't going to fly with the exchange as this keeps going. Q3 starts in a few days so maybe we get that big announcement soon...

I love the smell of napalm in the morning!

yesterdays volume 417,746

average 10 day volume 112,250

I smell jet fuel.

Pretty simple math really

Lithium carbonate prices rose past CNY 190,000 per tonne, rebounding for the first time since plunging to the 19-month low of CNY 165,500 on April 24th

The Clayton Valley Project contains an inferred mineral resource of 218,000 tonnes of lithium carbonate equivalent,

So 190,000 x 218,000 = $ 41,420,000,000 or in other words...... real money.

https://www.otcmarkets.com/stock/PEMIF/profile

Music to my ears! Thank you Mr. Zen. I quadrupled my original stake early today.

Looks like professional retail money is getting involved, should see another .25 to .35 from here short term.

When the processing plant is fully operational I would like to see it starting out at about a 10 bag from these levels.

The Resource Estimate totals 40,900 tonnes (45,085 tons) of elemental lithium. This can also be represented as 217,700 tonnes (240,000 tons) on an LCE basis or 247,300 tonnes (272,600 tons) as LiOH·H2 O. The average lithium concentration is 123 mg/L based on the calculated lithium mass and the theoretical drainable volume of the host brine aquifer. A substantial part of the brine volume falls between concentrations of 65 mg/L and 221 mg/L lithium.


READ IT!
https://www.pureenergyminerals.com/wp-content/uploads/2018/04/PureEnergy_ClaytonValleyPEA_Rev1_23March2018.pdf

Well that was a good entry, they are going through a shakeup with the recent death of the CEO but the reserves are there, they are proven, and they have a strong company for a drill team.
If you can stand the boredom that comes with mining companies you should do very very well.

I believe they were highlighted on 60 Minutes last night. That is what got me buying in today.

up .21$ on no news??

Why I refuse to invest in mining companies outside the US / Canada / Mexico.

SANTIAGO, April 20 (Reuters) - Chile's President Gabriel Boric said on Thursday he would nationalize the country's lithium industry, the world's second largest producer of the metal essential in electric vehicle batteries, to boost its economy and protect its environment.

The shock move in the country with the world's largest lithium reserves would in time transfer control of Chile's vast lithium operations from industry giants SQM (SQMA.SN) and Albemarle (ALB.N) to a separate state-owned company.

With lithium it is the processing that will make or break these discoveries. Not a big fan of the open pond process so I am hoping this company can pave the way. The have formed a partnership with an excellent driller so maybe the time to market is sooner than we think.

Bought some earlier today, also hoping my other OTC lithium play $LTUM located in the same County in Nevada, gets some traction off of the big move here today.

Pure Energy Minerals and SLB Receive Key Permits for DLE Pilot Plant at Clayton Valley Lithium Project, NevadaVancouver, British Columbia--(Newsfile Corp. - March 28, 2023) - Pure Energy Minerals Ltd. PE
PEMIF
("Pure Energy" or "the Company") is pleased to announce that all permits have been received from key governmental agencies for the construction and operation of the direct lithium extraction (DLE) pilot plant at its Clayton Valley lithium brine project ("CV Project") in Esmeralda County, Nevada. The final permit required to operate the DLE pilot plant at the CV Project became effective on March 17, 2023. This permit, together with previously approved permits, authorizes the pilot plant's construction and operation at the Clayton Valley site. Pure Energy's partner, SLB (formerly Schlumberger), through its New Energy business, is responsible for the design, construction and operation of the pilot plant to produce lithium compounds in a highly sustainable manner.

"The development of the pilot plant and application of SLB's sustainable lithium production process at Pure Energy's Clayton Valley project has important potential for lithium brine projects. Its state-of-the-art approach to lithium production conserves water, has a considerably smaller footprint, and reduces environmental impact compared to existing evaporation pond design," stated Mary Little, Pure Energy director. "As the first project of its kind in North America, we are very pleased with the progress made by our partner, SLB, in advancing the pilot plant through the permitting milestones. The CV Project continues to develop, and we look forward to reporting advances as they occur."

About Pure Energy

Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 950 claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley.

Pure Energy's strategic partner, SLB, is operator of the Clayton Valley Project. In May of 2019, Pure Energy and SLB signed an Earn-In agreement over the CV Project which requires significant investment by SLB at the Project, to include the design and construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide monohydrate ("lithium hydroxide" or "LiOH·H2O") and/or lithium carbonate products at a specified rate. For further details regarding SLB's participation, please refer to Pure Energy's Annual General and Special Meeting Management Information Circular dated April 4, 2019, available on SEDAR.com.

On January 3, 2019, the Nevada Division of Water Resources ("NDWR") approved and granted a Finite Term Water Right to Pure Energy, through its wholly-owned subsidiary Esmeralda Minerals LLC, for the extraction of up to 50 acre-feet of brine during a 5-year period from the CV properties. This water right is deemed sufficient for brine testing requirements and SLB's future the pilot plant facility. In July of 2020, the CV-09 well was completed pursuant to the Finite Term Water Right and results of initial sampling were published by Pure Energy on October 14, 2020.

Amid the national transition to more renewable sources of energy, Gov. Joe Lombardo’s economic development office has released an updated five-year strategic plan focused on expanding the state’s electric vehicle production, technological innovation and new infrastructure.

The plan is aimed at growing the state’s economy, including a push to make Nevada the “lithium capital of North America,” funding for new industrial parks (such as the Tahoe-Reno Industrial Center) and expanding the state’s broadband and 5G cell network infrastructure.

“Nevada is positioned to be ground zero for the energy transition and to play a key role in securing the energy independence and security of the United States,” the report authors wrote.

"a push to make Nevada the lithium capital of North America”
Nevada the “lithium capital of North America,”

Pure Energy Minerals Launches Maiden Drill Program at its Terra Cotta Lithium Project, Argentina

(First time I seen pemif in Argentina.)

DENVER, Feb. 12, 2018 (GLOBE NEWSWIRE) -- Pure Energy Minerals Limited (TSX-V:PE) (OTCQB:PEMIF) (the “Company” or “Pure Energy”) is pleased to announce the start of its first exploration drilling program at the Terra Cotta lithium brine project (the “TC Project”) at Salar de Pocitos in the Salta Province of Argentina. The approved Environmental Impact Report (EIR) authorizes drilling, sampling, and aquifer testing of up to ten exploratory boreholes at the TC Project.

https://www.oilandgas360.com/pure-energy-minerals-launches-maiden-drill-program-at-its-terra-cotta-lithium-project-argentina/

Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. The Company is developing the CV Project in Clayton Valley, Nevada, where it has completed a Preliminary Economic Assessment (“PEA”) (news releases of June 26, 2017 and April 5, 2018). The lithium-bearing brines identified at the CV Project contain very low levels of deleterious elements and have been shown by small scale pumping tests to be amenable to conventional extraction. The Company is also exploring a lithium brine project in the Lithium Triangle of South America, the Terra Cotta Project (“TCP”). The TCP is located on Pocitos Salar in Salta, Argentina, where it enjoys some of the best infrastructure and access of any lithium brine exploration project in Argentina.

https://miningnewsfeed.com/news/2858/Pure-Energy-Minerals-Receives-Water-Right-for-Clayton-Valley-Lithium-Project-Pilot-Plant.aspx

Tesla said in a statement that its its expanding facilities in Nevada will include a 100 GWh battery cell factory and high-volume factory to manufacture the Semi.
Today, the original Gigafactory primarily manufactures and supplies Tesla’s Fremont, California, vehicle assembly plant with high-voltage battery packs.
Tesla CEO Elon Musk held a ceremony in Nevada in December to kick off deliveries of the company’s Tesla Semi to a key early customer, PepsiCo.

The year 2022 has been marked by substantial progress at the Company's Clayton Valley lithium brine project in central Nevada. With our partner, Schlumberger Technology Corporation ("SLB"), the modified Operating Plan for the on-site pilot plant was approved by the Bureau of Land Management, with concurrent approvals from the Nevada Division of Environmental Protection, and with additional approvals from various state agencies. Pure Energy received a finite-term water right in late 2018 with sufficient capacity for pilot plant testing. Permitting progress was somewhat slowed by covid restrictions and changes in agency personnel. However, we are pleased with the progress towards the CV pilot plant – it will be the first of its kind in Nevada and likewise the first to implement Direct Lithium Extraction technology ("DLE") there.

The advantages of DLE technology are clear, and well suited to Clayton Valley lithium brines. Of particular importance are its efficiency in recovering lithium from brine in a matter of days vs. more than a year in conventional ponds; significant recovery of precious, clean water resources for reintroduction into the valley's aquifer; plus, a much reduced footprint and environmental impact.

11/23/2020 Reverse 1:6 — 11/23/2020
shs decreased by 1 for 6 split

Reverse split

futr

OTC markets is the bible for these stocks

https://www.otcmarkets.com/stock/PEMIF/overview

I pulled a three year chart on this app and it shows a big gap (down) in Jan 2021. Yet my TDAmeritade does not show any gap around the same time

Thought?

Our proprietary ILiAD Lithium processing platform can be deployed wherever there are Lithium brine resources, replacing hard rock Lithium mining and massive evaporation operations.

This will result in game-changing reductions in cost, carbon, water and environmental footprints. EnergySource Minerals is far ahead of others in the industry, with existing infrastructure, proven technology and instant commercial viability

https://www.esminerals.com/iliad



PRNewswire (May 3, 2022)
EnergySource Minerals Raises Strategic Investment from Schlumberger and TechMet to Scale Lithium Extraction Technology

https://www.prnewswire.com/news-releases/energysource-minerals-raises-strategic-investment-from-schlumberger-and-techmet-to-scale-lithium-extraction-technology-301538203.html

Pure Energy Minerals Grants Stock Options
12:24 pm ET November 30, 2022 (Newsfile) Print
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2022) - Pure Energy Minerals Limited (TSXV: PE) (OTCQB: PEMIF) (the "Company" or "Pure Energy") announces, subject to regulatory approval, that pursuant to an annual performance and compensation review, it has granted a total of 880,000 stock options (the "Options") to directors, officers and consultants of the Company to purchase common shares of the Company in accordance with its approved Stock Option Plan. All of the Options vest quarterly in four equal tranches, with the first such vesting occurring upon issuance of the Options, and are issued at an exercise price of C$0.53 per share with expiry of five years from the date of issuance.

About Pure Energy

Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 950 claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley. Pure Energy's Clayton Valley Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle Corporation.

Pure Energy's strategic partner, Schlumberger Technologies Corporation ("SLB"), is the operator of the Clayton Valley Project. In May of 2019, Pure Energy and SLB signed an Earn-In agreement over the CV Project which requires significant investment by SLB at the Project, to include the design and construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide monohydrate ("lithium hydroxide" or "LiOH·H2O") and/or lithium carbonate products at a specified rate. SLB plans to utilize both in-house and commercially available technology in the design of the CV pilot plant. SLB's costs, technical parameters and ultimate technology are anticipated to differ from the published PEA. For further details regarding SLB's participation, please refer to Pure Energy's Annual General and Special Meeting Management Information Circular dated April 4, 2019, available on SEDAR.com.

On behalf of the Board of Directors,

"Mary L. Little"

Director, Pure Energy Minerals Limited

Jeffery Terry

Has a new job.

Field Specialist
SLB · Full-time
Dec 2022 - Present · 2 mos
United States
NeoLith Lithium
https://www.linkedin.com/in/jeffery-terry/

Schlumberger Limited.
https://glossary.slb.com/

Schlumberger New Energy, at Pure Energy’s 100% held Clayton Valley (“CV”) lithium brine project. This week, Schlumberger New Energy announced its plans to develop a lithium extraction pilot plant through its new venture, NeoLith Energy. Construction and development of the pilot plant are planned to occur at the Clayton Valley project, Nevada.

https://pureenergyminerals.com/schlumberger-new-energy-to-launch-its-first-lithium-extraction-pilot-plant-at-pure-energys-clayton-valley-lithium-brine-project/

SCHLUMBERGER NEW ENERGY TO LAUNCH ITS FIRST LITHIUM EXTRACTION PILOT PLANT AT PURE ENERGY’S CLAYTON VALLEY LITHIUM BRINE PROJECT

(SOME PEOPLE {BAD INVESTORS} HAVE NO CLUE WHAT THEY OWN AND NEVER DO RESEARCH)

https://pureenergyminerals.com/schlumberger-new-energy-to-launch-its-first-lithium-extraction-pilot-plant-at-pure-energys-clayton-valley-lithium-brine-project/

Connecting the dots!

Great work!

""Schlumberger conducted extensive research and due diligence into our operations. Its investment is a validation of our disruptive ILiAD technology and the demand for cleaner, domestically sourced lithium,"

futr

Good find!

Working for Compass and SLB

"Direct Lithium Extraction · Distributed Control System (DCS) · Chemical Processing · Pilot Plant · Troubleshooting"

futr

would you stop using this board for energy source minerals and anything else you are pumping please.

EnergySource Minerals Raises Strategic Investment from Schlumberger and TechMet to Scale Lithium Extraction Technology

https://www.prnewswire.com/news-releases/energysource-minerals-raises-strategic-investment-from-schlumberger-and-techmet-to-scale-lithium-extraction-technology-301538203.html

EnergySource Minerals
https://www.esminerals.com/news

Double check my work please. Hard to piece everything together, just trying to keep an eye on the main players.


Does this mean PEMIF might be next on their list?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170865704

Good stuff-

fwiw I was a carpenter foreman building geothermal power plants out in the mojave desert for 3 years 88-91...so I can certainly relate to what is going on currently as regards to lithium extraction from geothermal brines.

futr

Scroll and read.

https://www.linkedin.com/company/energysourceminerals/posts/?feedView=all

EnergySource Minerals Raises Strategic Investment from Schlumberger and TechMet to Scale Lithium Extraction Technology

https://www.prnewswire.com/news-releases/energysource-minerals-raises-strategic-investment-from-schlumberger-and-techmet-to-scale-lithium-extraction-technology-301538203.html

All ibatf needs is a home to start producing and get dialed in.
would you give IBAt the best odds to get the lions share of the market

Burba, stepped down 8-months after hiring Garry Flowers. Now Garry is CEO, must be up to something. I think Koch will make Galvanic Energy a deal they won't refuse. Or will make it hard on them in Arkansas.

I am hoping for a buyout from Koch or OXY (Warren Buffett), they are the 2 big dogs in the US they bought DLE patents and have been buying into the better brines.

Question is does Koch and OXY want to wait 4-years to build their DLE with Energy Source or start with a already built DLE. I hope both.

CRT is still deciding who to use, need to watch them close..

Too bad Energy Source Mineras is a private company-

If you were to handicap...would you give IBAt the best odds to get the lions share of the market,or are the lithium brines chemistries all so different as to require custom solutions?

futr

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170807977

ILiAD
Video.
https://www.esminerals.com/iliad

ATLiS
https://www.esminerals.com/atlis

Sounds a lot like my summer school Chemisty 11 class.

Preciptation rocks.

.

Don't know what to make of that description.

Sounds like many steps...doesn't sound to me that they've arrived at a workable solution?

The entire Industry is looking for a workable,profitable way to extract lithium from brine in a shorter time frame than simple solar evaporation while conserving water.

Albemarle has been evaporating their brine out in their ponds out there since the 60s,and I'm sure they're interested in a better solution.

They're pumping a hell of a lot of brine out of that desert aquifer...saw it with my own eyes.

futr

Rio Tinto estimates that committed lithium supply and capacity expansions will contribute only about 15% to demand growth over the 2020-2050 period. (From: Rio Tinto’s presentation, Dec., 2022.)

The miner has also approached some of the biggest investment banks asking for recommendations on both lithium companies and projects.

The company estimates that committed lithium supply and capacity expansions will contribute only about 15% to demand growth over the 2020-2050 period. The remaining 85% would need to come from new projects.
Bullish

The price of Lithium has been increasing at "insane" levels (as Elon Musk tweeted a few weeks ago). If you plotted out a graph the line would be pointing almost straight up, so where the price per ton will be in a few years could be double/triple where it is currently. It increased by 460% last year.
Quote:
World of Statistics@stats_feed
Lithium price ($/tonne):

2022: $78,032
2021: $17,000
2020: $6,800
2019: $11,310
2018: $14,660
2017: $12,070
2016: $8,840
2015: $5,110
2014: $4,680
2013: $4,750
2012: $4,450

Page 22 of PDF or Page 14 on the data sheet..
PDF dated october 2022

The last page has web addesses if you click on it in the PDF it takes you there.

Schlumberger has been permitted to operate its Clayton Valley Pilot Plant Project – a Li
brine extraction and chemical processing facility – close to the existing Silver Peak Li brine
operated by Albemarle in Nevada (State of Nevada, 2021). The company’s plan is to produce
65.3 tons of Li-based chemicals over an anticipated duration of 18 months, based on a
technology approach described to the State of Nevada (State of Nevada, 2021). Initially, pumped
brine will be reacted with dilute HCl, after which the modified brine will be polished by
removing several ions from it to make it Li-rich. Subsequently, the brine will be passed through
an ion exchange system, with magnesium and calcium ions replaced by sodium ions, and the
system will be degenerated periodically using dilute sodium hydroxide (NaOH) and HCl.
Additional ions will be removed to obtain the final Li-concentrate, which will be treated using
RO to obtain concentrated LiCl. This LiCl will be reacted with sodium carbonate (Na2CO3) to
obtain lithium carbonate, with a secondary step enabling its conversion to LiOH-H2O. Apart
from Li-based chemicals, this process schematic will also produce limestone (CaCO3). Overall,
the key focus of this project seems to be about demonstrating Schlumberger’s DLE capabilities
and highlighting its ability to provide technological solutions in this domain for larger companies
interested in Li-extraction via this technology

https://publications.anl.gov/anlpubs/2022/10/178667.pdf

Almost all lithium brine mines built since Silver Peak in 1966 make use of some form of evaporation based processing. Consider the changes in battery technology during that same period of time. Are there opportunities for that sort of innovation in lithium production as well? Can we find better and more sustainable ways to extract and process the raw materials needed for this clean energy revolution? We believe the answer to both questions is a resounding YES.

One of Pure Energy’s objectives is to develop and demonstrate an innovative, sustainable and enhanced lithium extraction process as an alternative to the conventional evaporation based technology. There are several candidates for such a breakthrough, most of which are based on some form of selective extraction of lithium from the brine. After researching and evaluating several approaches to the challenge, Pure Energy has advanced through laboratory trials and mini-pilot plant evaluation of some exciting new technology.

The company is working with global technology and mining services provider Tenova Advanced Technologies (TAT) at the process testing, engineering, and design stage on the Clayton Valley Project. Indications from the lab-scale and mini-pilot tests are that the TAT process may outperform conventional and other competing technologies for lithium recovery from certain brines. Preliminary results reported by Pure Energy in 2015, 2016, and 2017 suggest that the TAT technology has the potential for significant advantages over conventional technology*:

Pure Energy's flagship lithium brine project is located in Clayton Valley, Nevada, immediately adjacent to North America's only producing lithium mine. The Clayton Valley Project contains an inferred mineral resource of 218,000 tonnes of lithium carbonate equivalent

Market Cap 13,762,707
10/13/2022
Authorized Shares
Unlimited
10/05/2022
Outstanding Shares 33,023,893
10/05/2022
Restricted 122,803
10/05/2022
Unrestricted 32,901,090
10/05/2022
Held at DTC 11,678,166
10/05/2022
Float 22,345,919
09/30/2022

Of all the unknowns in the Clayton Valley, Pure Energy should be the next one to go, they have been fairly quiet lately. I am just wondering if they have a water source or if water is going to be the squeeze play in that area..
pump water down, bring lithium up.
I am under water 59% from my four buys in 2021, this is (for me) a long term next generation holding. If I see a positive move forward I will double up my holdings, those getting in now will make out quite well.