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 taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities. In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, posited that disruption is inevitable for comp...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Wooed by the promise of faster innovation, lower TCO, and greater agility, businesses of every shape and size have embraced the cloud at every layer of the IT stack – from apps to file sharing to infrastructure. The typical organization currently uses more than a dozen sanctioned cloud apps and will shift more than half of all workloads to the cloud by 2018. Such cloud investments have delivered measurable benefits. But they’ve also resulted in some unintended side-effects: complexity and risk. ...
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
With the introduction of IoT and Smart Living in every aspect of our lives, one question has become relevant: What are the security implications? To answer this, first we have to look and explore the security models of the technologies that IoT is founded upon. In his session at @ThingsExpo, Nevi Kaja, a Research Engineer at Ford Motor Company, discussed some of the security challenges of the IoT infrastructure and related how these aspects impact Smart Living. The material was delivered interac...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
The Internet giants are fully embracing AI. All the services they offer to their customers are aimed at drawing a map of the world with the data they get. The AIs from these companies are used to build disruptive approaches that cannot be used by established enterprises, which are threatened by these disruptions. However, most leaders underestimate the effect this will have on their businesses. In his session at 21st Cloud Expo, Rene Buest, Director Market Research & Technology Evangelism at Ara...
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...