Welcome!

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.

ON BEHALF OF THE BOARD

PURE ENERGY MINERALS LIMITED

"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
www.pureenergyminerals.com
(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 IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
Cloud-based NCLC (No-code/low code) application builder platforms empower everyone in the organization to quickly build applications and executable processes that broaden access, deepen collaboration, and enhance transparency for all team members. Line of business owners (LOBO) and operations managers know best their part of the business and their processes. IT departments are beginning to leverage NCLC platforms to empower and enable LOBOs to lead the innovation, transform the organization, an...
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.