Click here to close now.


News Feed Item

/ CORRECTION - Pure Energy Minerals Limited

VANCOUVER, BC -- (Marketwired) -- 03/13/14 -- In the news release issued earlier today by Pure Energy Minerals Limited (TSX VENTURE: PE), we are advised by the company that the headline should read "Pure Energy Minerals Ltd. Enters Into Option Agreement to Lease up to 20 Acres of Private Property in Esmeralda County, Nevada, Potential Location for Brine Process Testing Plant." Complete corrected text follows.

Pure Energy Minerals Ltd. Enters Into Option Agreement to Lease up to 20 Acres of Private Property in Esmeralda County, Nevada, Potential Location for Brine Process Testing Plant

Vancouver, BC -- March 13, 2014 -- Pure Energy Minerals Limited (the "Company" or "PURE" ) (TSX VENTURE: PE) is pleased to announce that as part of its development strategy it has entered into an option to lease agreement (the "Agreement") with HRH Nevada Resources Ltd., a private Nevada Company ("HRH") pursuant to which PURE has the option (the "Option") to lease up to 20 acres (the "Property") of the 80 acres (the "HRH Property") of land located in Esmeralda County, Nevada and owned by HRH for the purpose of using the location as a staging area and a support location for exploration programs on the Company's mineral claims, and additionally as the possible location of an advanced lithium brine processing, clean water recovery demonstration plant.

PURE has until May 31, 2014 to exercise the Option, which if exercised will allow PURE to lease Property for an initial term (the "Initial Term") of up to ten years in consideration of:

(a) a minimum monthly lease payment of the greater of $2,000.00 or the equivalent USD of 33.76 grams of gold per month for 5 acres of the Property; and

(b) an additional minimum monthly lease payment of the greater of $6,000.00 or the equivalent USD of 101.27 grams of gold per month for the remaining 15 acres of the Property.

On expiration of the Initial Term, PURE has the option to renew the Agreement and lease the Property for an additional 10 years at a negotiated fair market value price.

The Agreement provides the Company the opportunity to lease the Property. Robert Mintak, CEO of PURE stated, "This Agreement allows us to pursue our objectives for development, while reducing permitting requirements and enabling us to fast track the project. I would like to reiterate our commitment to developing the project as an environmentally friendly project, as we progress we fully intend to provide local communities with information about our projects and the environmental, social, and economic impacts they will have."

The Agreement grants the Company an exclusive option to lease the Property from HRH. The Property is strategically located only 5 miles from Interstate 95 and 8 miles from PURE's Alkali Flats mineral claims.

Pursuant to the terms of the Agreement, the lease of the Property includes:

(a) a 50' wide easement to construct a road along the north edge of the HRH Property from the Property to the Esmeralda County road that passes through the HRH Property and which goes from Silver Peak (to the west) to Nevada State Highway 95 (to the south east); and

(b) a 25' wide electrical utility easement to access 3 phase high voltage power transmission. A substitution may be built at the south end of this easement to reduce the three phase transmission line voltage (approximately 66KV three phase) to a convenient distribution line voltage (such as 7600 V three phase).

The Agreement also permits PURE to drill a water well on the Property. A permit to drill permission from the Nevada State Water Engineer is required prior to any drilling on the Property.



"Robert Mintak"
Chief Executive Officer

We Seek Safe Harbour. 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.

For further information contact:

Robert Mintak
(604) 608-6611

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
Between the compelling mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how busine...
Interested in leveraging automation technologies and a cloud architecture to make developers more productive? Learn how PaaS can benefit your organization to help you streamline your application development, allow you to use existing infrastructure and improve operational efficiencies. Begin charting your path to PaaS with OpenShift Enterprise.
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of, and Fred Yatzeck, principal architect leading product development at, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction....
Today’s connected world is moving from devices towards things, what this means is that by using increasingly low cost sensors embedded in devices we can create many new use cases. These span across use cases in cities, vehicles, home, offices, factories, retail environments, worksites, health, logistics, and health. These use cases rely on ubiquitous connectivity and generate massive amounts of data at scale. These technologies enable new business opportunities, ways to optimize and automate, al...
Data loss happens, even in the cloud. In fact, if your company has adopted a cloud application in the past three years, data loss has probably happened, whether you know it or not. In his session at 17th Cloud Expo, Bryan Forrester, Senior Vice President of Sales at eFolder, will present how common and costly cloud application data loss is and what measures you can take to protect your organization from data loss.
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at DevOps Summit, Bryan Cantrill, CTO at Joyent, will demonstrate a third path: containers on multi-tenant bare metal that maximizes performance, security, and networking connectivity.
JFrog has announced a powerful technology for managing software packages from development into production. JFrog Artifactory 4 represents disruptive innovation in its groundbreaking ability to help development and DevOps teams deliver increasingly complex solutions on ever-shorter deadlines across multiple platforms JFrog Artifactory 4 establishes a new category – the Universal Artifact Repository – that reflects JFrog's unique commitment to enable faster software releases through the first pla...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes.