13:28:19 EDT Thu 02 May 2024
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Pure Energy Minerals Ltd (3)
Symbol PE
Shares Issued 33,023,893
Close 2023-04-19 C$ 0.53
Market Cap C$ 17,502,663
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Pure Energy director Wells dies

2023-04-20 14:50 ET - News Release

Ms. Mary Little reports

PURE ENERGY MINERALS ANNOUNCES PASSING OF DIRECTOR FRANK L. WELLS

Pure Energy Minerals Ltd. director Frank Wells passed away on April 14, 2023. Mr. Wells served as a director of the company since 2018 and as its interim chief financial officer from 2019 to 2021. Prior to joining Pure Energy, Mr. Wells was the finance director and CFO of Central Asia Metals Ltd., and finance director and business development director for Newmont Capital and Santa Fe Gold Corp. for 17 years.

Mary Little, speaking for Pure Energy, stated: "Frank will be missed by all. With his quick wit, financial expertise and insight, Frank brought decades of management experience and contributed significantly to the progress and development of the Clayton Valley lithium project. Frank was a good friend to the entire Pure Energy team and we will miss him."

On behalf of the board of directors and management, Pure Energy extends its deepest sympathies to Mr. Wells's family and thanks him for his dedication to the company.

About Pure Energy Minerals Ltd.

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 landholdings 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 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.

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