PURE Extends MOU With POSCO
01 Ottobre 2014 - 3:58PM
eTeligis
VANCOUVER, BC(Eteligis Inc.)
VANCOUVER, BC, United States, via ETELIGIS INC., 10/01/2014 - -
PURE ENERGY MINERALS Ltd (TSX VENTURE: PE) (FRANKFURT: AHG) -
("Pure Energy" or the "Company"), today announced that it has
completed an extension of the existing Memorandum of Understanding
(the "MOU") with POSCO ("POSCO"), a Republic of Korea multinational
global leader. POSCO is one of the largest steel manufacturers in
the world and a leader in the development of advanced materials
processes.
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 friendlyextraction and
processing technologies for lithium brine.
Pure Energy's MOU with POSCO, which was originally signed March
3, 2014, 2013,
http://www.pureenergyminerals.com/pure-energy-minerals-announces-mou-with-posco-on-nevada-lithium-project/
has been extended until March 29, 2014. PURE and POSCO will pursue
reasonable efforts to enter into a definitive agreement within this
time period.
Robert Mintak, Pure Energy CEO, stated, "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."
About POSCO:
POSCO engages in the manufacture and sale of various steel
products in South Korea and internationally. It offers steel for
general structures and welded structures used in steel structures,
bridges, ships and automobiles; atmospheric corrosion resistant
steel for use in the production of containers, special vehicles and
buildings, hot rolled steel used in automobile frames and wheels;
and hot rolled steel for special applications. POSCO also provides
cold rolled sheets used in cold-rolled products, such as CR, GU and
color plates; steel for structural pipes, general pipes, special
pipes, and carbon steel pipes for machines; steel used in
high-pressure gas containers; steel for oil well pipes; and steel
for pipelines. The company was founded in 1968 and is based in
South Korea.
About PURE:
PURE ENERGY MINERALS LIMITED (TSX VENTURE: PE) is an innovative
lithium exploration and processingcompany with assets in Nevada
USA. Pure is engaged in the exploration and development of lithium
and innovative processing technologies to test and develop the
Company's lithium brine properties located in Clayton Valley,
Nevada.
Pure Energy has an option agreement with GeoXplor Corp., a
privately owned entity, to acquire a 100% interest in the 5,000
acres CV/DB lithium brine claims. The CV/DB project is adjacent to
the only producing lithium mine in the United States, Rockwood
Lithium's Silver Peak lithium brine mine. Pure Energy is focused on
producing advanced battery materials utilizing environmentally
friendly sustainable and scalable technologies.
On behalf of the Board of Directors
"Robert Mintak"
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
We Seek Safe Harbour
CONTACT:
For further information contact:
Robert Mintak
www.pureenergyminerals.com
(604) 608-6611
SOURCE: Pure Energy Minerals Limited
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=27978
- Link to submission on http://www.eteligis.com
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