Pure Energy Minerals Ltd (PEMIF)

[futrcash]

Drove through Clayton Valley yesterday...

Learned a lot...Albermarle has a large presence as we all know...lots of ponds all around...

will they consolidate?

futr

[TradingCharts]

CLAYTON VALLEY PROJECT RECEIVES FEDERAL APPROVAL FOR PILOT PLANT CONSTRUCTION AND OPERATION
Posted on August 17, 2021

https://pureenergyminerals.com/clayton-valley-project-receives-federal-approval-for-pilot-plant-construction-and-operation/

[TradingCharts]

PURE ENERGY MINERALS RECEIVES TSXV APPROVAL TO ISSUE SHARES
Posted on May 27, 2022
May 27, 2022 – Pure Energy Minerals Ltd. (TSX Venture:PE; OTCQB:PEMIF) (“Pure Energy” or “the Company”) announces that, further to its news release of May 9, 2022, the Company has received TSX Venture Exchange acceptance to settle debts totalling $183,376.59 by the issuance of 151,660 common shares at a price of $1.209 per share, pursuant to a financial services agreement with an advisor to the Company, and additionally to issue shares for services provided by a director of the Company. The shares are subject to a four month and one day hold period.

(4-MONTHS time is up does he sell or wait?)

https://pureenergyminerals.com/pure-energy-minerals-receives-tsxv-approval-to-issue-shares/

[TradingCharts]

PURE ENERGY MINERALS APPOINTS DIRECTOR
Posted on August 24, 2022
August 24, 2022 – Pure Energy Minerals Ltd. (TSX Venture:PE; OTCQB:PEMIF) (“Pure Energy” or “the Company”) is pleased to announce that Mr. Nathaniel D. Hartwig has been appointed to the board of directors of Pure Energy Minerals in place of Mr. Tyler Durham, who has resigned from the board of directors.

Mr. Hartwig holds a B.A. in Industrial Engineering from the Louisiana State University and received his MBA in Strategic Leadership from Michigan State University in 2004. He has held various positions with Schlumberger since 2013 and is currently Director North America, Schlumberger New Energy, leading new energy solutions in North America. Mr. Hartwig represents Schlumberger, which holds a 17.99% equity position in Pure Energy.

https://pureenergyminerals.com/pure-energy-minerals-appoints-director-2/

[TradingCharts]

SHAREHOLDER INFORMATION
Pure Energy Minerals Capital Structure As At January 1, 2022
Issued Shares 32,872,233
Options 1,081,252
Warrants 0
Fully Diluted 33,933,485

https://pureenergyminerals.com/investors/shareholder-information/

[TradingCharts]

Schlumberger, TechMet invest in EnergySource Minerals to scale lithium extraction technology 09 May 2022
https://www.greencarcongress.com/2022/05/20220509-esm.html

Schlumberger, is partner with pemif in Nevada.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1035-tsx-venture/pe/101175-schlumberger-new-energy-and-panasonic-energy-of-north-america-announce-strategic-collaboration-on-new-battery-grade-lithium-production-process.html

Mills Capital Group, LLC, a closely held private investment firm based in Texas, acquired a 38 percent ownership interest in EnergySource, LLC through the formation of LiNERGY, LLC.
https://www.energysource.us.com/news#:~:text=Mills%20Capital%20Group%2C%20LLC%2C%20a,the%20formation%20of%20LiNERGY%2C%20LLC.

[Mr. Zen]

Analysis, News August 5, 2022

Global battery and minerals supply chains need to expand ten-fold to meet projected critical minerals needs by 2030, a report published by the International Energy…

[chico237]

Panasonic unveils 4680 battery for use in high-end Tesla vehicles
https://techxplore.com/news/2021-10-panasonic-unveils-battery-high-end-tesla.html

Panasonic has announced to the press that it is ready to show off its new cylindrical 4680 battery (46 millimeters wide and 80 millimeters tall), built specifically to accommodate Tesla electric vehicle (EV) requirements. In the announcement, Kazuo Tadanobu, CEO of Panasonic's Energy Company, held up one of the prototype batteries for reporters and claimed that the new battery has five times the storage capacity of previous batteries the company has made for Tesla vehicles—each is rated at 9000 mAh. He also noted that the company will not be making lithium iron phosphate (LFP) batteries for electric vehicles.
For many years, Panasonic has been the sole provider of batteries for Tesla's electric vehicles, but recently Elon Musk, head of Tesla, announced deals with other battery makers. In response to questions about the relationship Panasonic has with Tesla, Tadanobu claimed that it is as strong as ever—the other makers will be providing the EV company with LFP batteries for Tesla's lower end vehicles.
The new battery is bigger than those Panasonic has made for Tesla up until now—it has a 46-mm diameter and is 80 mm tall. Tesla puts hundreds of them together in their vehicles as battery packs. Tadanobu claims that the batteries are 50 percent cheaper to produce, and his company expects to finish plans for mass production by March of next year, at which time they will begin delivery to Tesla. He added that the new shingle-spiral form design of the battery will allow for a 100-fold increase in production capabilities. He also noted that sales of Tesla vehicles have been so strong that the company will likely be selling as many of the batteries as they can make, claiming that development of the new battery has deepened ties with Tesla. He did not specify where the batteries will be made however. Panasonic currently operates a battery plant in Nevada for supplying its current batteries to Tesla, an advantage the company has over Chinese companies who have thus far refused to build battery factories in the U.S.
Notably, Apple Inc. has also been in talks with battery makers; the computer maker is rumored to be exploring electric vehicle manufacturing. Tadanobu declined to say whether one of those companies was Panasonic.

Schlumberger New Energy and Panasonic Energy of North America Announce Strategic Collaboration on New Battery-Grade Lithium Production Process
https://www.slb.com/newsroom/press-release/2021/pr-2021-0610-sne-panasonic

IMHO-
Nice movement ....Pure Energy is going higher & could be a possible M/A candidate moving forward.... Ties to Tesla supplier Panasonic... "Nice Dots"....

Chico

[Mr. Zen]

waiting for cost of drilling, payback period and mine life

Then we will get a true valuation

[chico237]

Great Lithium play here as well! BRINES with Direct Extraction - LESS WATER!!!!= HUGE

Chico

[Mr. Zen]

The Clayton Valley lithium deposit is a salty groundwater (brine) with high levels of lithium contained in a series of aquifers. The brine is ‘mined’ by drilling boreholes into the aquifers and pumping the brine to surface for lithium removal.

The lithium brines are hosted within unconsolidated sediments (gravel, sand, silt, etc.) that infill the extensive and deep basin beneath Pure Energy’s claim area. To date, Pure Energy has encountered lithium-bearing brines from approximately 130 metres (450 ft) below ground level, down to approximately 600 metres (2,000 ft) below ground level in the northern portion of the property. Geophysics suggests that similar brine-bearing formations encountered so far during drilling and other attractive host horizons extend to much greater depths within the basin (up to 1,500 m or 5,000 ft).

[nowwhat2]

Yeah / Nice eh ?.....Boom

[thomaszee]

NEWS coming soon! Contractor on site!

[nowwhat2]

PE then and now



6 sessions later


Just couldn't buy into 'em tho - thanks to THIS.....
Powell has got us hog-tied (or somethin')....Guy sucks.






Charts like this (just can't buy into) !

[TradingCharts]

Ethan Guo
Nextview Capital - Director
Greater Toronto Area, Canada

Investment Director
Company Name Nextview Capital
Dates Employed Jul 2018 – Present
Employment Duration3 yrs 3 mos


https://www.linkedin.com/in/ethanguo6666/

[TradingCharts]

Eduardo Morales
Executive Chairman; Arena Minerals Inc. en Arena Minerals Inc.

Chief Operating Officer
Company Name Lithium X Energy Corp.
Dates Employed Jun 2016 – Jun 2018
Employment Duration 2 yrs 1 mo
Location Vancouver, Canada
COO of the company for its lithium projects in Nevada ( USA) and Sal de los Angeles, Salta, Argentina.
Process design for treating the brines. Engineering and construction of the pilot plant ( 2500 MT LCE per year as 6% lithium brine).-

https://www.linkedin.com/in/eduardo-morales-b6393215/

[TradingCharts]

Arena Minerals Inc.
Positioned to Transform the Argentine Lithium Industry

Mining & Metals Toronto,


About
Arena Minerals is led by a team with undeniable expertise in lithium processing which has successfully advanced and brought several lithium projects to production. Chile, the world’s leading brine-based lithium producer, uses a Brine-Mixing Process focused on the use of reagents purely derived from lithium rich brines, which Arena Minerals has adapted to the salars of Argentina. This process results in products much better suited for Battery Grade Lithium Carbonate production while carrying substantially lower production costs. The process was originally developed and implemented in Chile with members of Arena’s team. Arena is uniquely positioned to transition Argentina from the past decade of resource growth through to world class supplier of low cost lithium products, by implementing its proprietary processing and providing a source of the required lithium rich reagent sourced from its unique Antofalla salar and a world class team.see less

https://www.linkedin.com/company/arena-minerals-inc./

[TradingCharts]

Thanks Mr. Zen

Lithium X was Founded 2015 with 666 followers on LinkedIn


Jesse Randall
Country Manager at Arena Minerals Inc.
Utracán, La Pampa, Argentina

LiTHIUM X
1 connection

Jesse, does not have a start date for LiTHIUM X

Country Manager
Company Name LiTHIUM X

Company Name Arena Minerals Inc.
Dates Employed Sep 2018 – Present
Employment Duration3 yrs 1 mo
Location Argentina

https://www.linkedin.com/in/jesse-randall-437851165/

[Mr. Zen]

About that company:: I did some digging

About
LiTHIUM X is lithium exploration and development company.

Acquired by

NextView Capital

====

NextView Capital is an investment corporation following the philosophy of prudence,specialization and high efficiency.

Beijing, Beijing, China
Private Equity Firm, Venture Capital
www.nextviewcapital.com


Part of the Chinese takeover of raw materials

[TradingCharts]

LiTHIUM X has three strategically located assets:
Sal de los Angeles is located in the prolific “Lithium Triangle” in mining friendly Salta Province, Argentina and covers more than 95% of Salar de Diablillos, containing high grade brine with a NI 43-101 Mineral Resource Estimate of 1,037,000 tonnes of lithium carbonate equivalent of Indicated, and 1,007,000 tonnes of lithium carbonate equivalent in Inferred category.
The District-scale 33,846 hectares Arizaro project is located in one of the world’s largest and least explored salars thought to contain elevated lithium brine values.
Lithium X owns 19.99% of Pure Energy Minerals, a company exploring and developing a large land package surrounding Albemarle’s Silver Peak lithium mine in Clayton Valley, Nevada.
Management is actively pursuing strategies to enhance its project portfolio.

https://lithium-x.com/investors/

[TradingCharts]

Very cool, anything else to report?

I read the report you posted the other day and found this name LiTHIUM X and went to to their website. I'll posted it to that post so I remember what it is for.

[futrcash]

Just saw heavy Schlumberger pumping equipment on the highway

heading to Clayton Valley!

futr

[Mr. Zen]

This is the one holding I have that there is no fear or hope and a long long term hold.

The new presentation was well done, gives a good overview. Thanks for that.

The goodies are in the ground, there are professionals circling the wagon, the only fundamental left is time-line to production.

[futrcash]

Finally a New Corporate Presentation!

https://pureenergyminerals.com/wp-content/uploads/2021/09/2021-09-10-CP-PE.pdf

futr

[Kswies]

It is now $PEMIF long

[Bob1946]

Is this site active? I show no posts since Aug 17th.

[TradingCharts]

Pure Energy Minerals Announces Clayton Valley Project Receives Federal Approval for Pilot Plant Construction and Operation
Vancouver, British Columbia--(Newsfile Corp. - August 17, 2021) - Pure Energy Minerals Ltd. (TSXV: PE) (OTCQB: PEMIF)

https://www.newsfilecorp.com/release/93429/Pure-Energy-Minerals-Announces-Clayton-Valley-Project-Receives-Federal-Approval-for-Pilot-Plant-Construction-and-Operation

[TradingCharts]

August 17, 2021 — Pure Energy Minerals Ltd. (TSX Venture:PE; OTCQB:PEMIF) (“Pure Energy” or “the Company”) is pleased to report that Schlumberger has received approval from the Bureau of Land Management (“BLM”) for a Plan of Operations covering construction and operation of a pilot plant at Pure Energy’s Clayton Valley, Nevada, lithium brine project (“Clayton Valley Project”). Schlumberger, Pure Energy’s partner and operator of the Clayton Valley Project, has also received permit approval for the associated reclamation plan from the Nevada Division of Environmental Protection, Bureau of Mining Regulation and Reclamation (NDEP-BMRR).

Construction and operation of the pilot plant are planned to occur at Pure Energy’s Clayton Valley property located 40 miles southwest of Tonopah in Esmeralda County, Nevada, as approved by the BLM and Nevada authorities. In March 2021, Schlumberger New Energy announced its plans to develop a lithium extraction pilot plant at the Clayton Valley Project through its wholly owned subsidiary, NeoLith Energy (see Pure Energy news release of March 20, 2021).

The BLM approved the Plan of Operations after completion of the required engineering design, environmental studies and public comment period. Additional permit applications are in process with NDEP.

“Pure Energy is excited that this important step towards development of the Clayton Valley Project has been achieved”, stated Pure Energy director Mary Little. “We look forward to advancing the Clayton Valley Project with Schlumberger New Energy.”

About Schlumberger New Energy
Schlumberger is the world's leading provider of technology to the global energy industry. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger’s intellectual and business capital in emerging new energy markets, with a focus on low-carbon and carbon-neutral energy technologies. Its activities include ventures in the domains of hydrogen, lithium, carbon capture and sequestration, geothermal power and geoenergy for heating and cooling buildings.

About Pure Energy Minerals
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 (“CV”) 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 land holdings in the valley. Pure Energy’s CV Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle Corporation. Drilling of bore holes CV-01 through CV-08 were completed together with a revised mineral resource anda Preliminary Economic Assessment (“PEA”) for the Clayton Valley Project (news releases of June 26, 2017 and April 5, 2018).

Pure Energy’s partner, Schlumberger, is the operator of the Clayton Valley Project. On May 29, 2019, Pure Energy and Schlumberger signed an Earn-In agreement over the CV Project which requires significant investment by Schlumberger 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 (“lithium hydroxide” or “LiOH·H2O”) and/or lithium carbonate products at a specified rate. Schlumberger plans to utilize both in-house and commercially available technology in the design of the CV pilot plant. Schlumberger’s costs, technical parameters and ultimate technology are anticipated to differ from the published PEA. For further details regarding Schlumberger’s participation, please refer to Pure Energy’s Annual General and Special Meeting Management Information Circular dated April 4, 2019, available on SEDAR.com.

On January 3, 2019, the Nevada Division of Water Resources ("NDWR") approved and granted a Finite Term Water Right to Pure Energy, through its wholly-owned subsidiary Esmeralda Minerals LLC, for the extraction of up to 50 acre-feet of brine during a 5-year period from the CV properties. This water right is deemed sufficient for brine testing requirements and Schlumberger’s future pilot plant facility. In July of 2020, the CV-09 well was completed pursuant to the Finite Term Water Right and results of initial sampling were published by Pure Energy on October 14, 2020.

Quality Assurance
Walter Weinig, Professional Geologist and Qualified Person (Mining and Metallurgical Society of America (MMSA) registration #01529QP), has reviewed and approved the scientific and technical information presented in this news release for Pure Energy Minerals Ltd. He is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

On behalf of the Board of Directors,
“Mary L. Little”
Director, Pure Energy Minerals Ltd.

[futrcash]

Agreed

futr

[TradingCharts]

Innovation and Decarbonization: See How Schlumberger is Driving Sustainable Performance Aug 13, 2021

[TradingCharts]

Schlumberger Innovation and Decarbonization Aug 13, 2021

[nowwhat2]

Super Bolly Pincher Play as well as real SMA-ish, no ?

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=ca%3Ape&x=56&y=11&time=100&startdate=1%2F1%2F2020&enddate=10%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=+50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11


https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=ca%3Ape&x=61&y=14&time=100&startdate=1%2F1%2F2021&enddate=10%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=+50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11


https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=ca%3Ape&time=100&startdate=1%2F1%2F2021&enddate=10%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=+50+200&uf=8&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&x=38&y=11&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

[Kswies]

Good stuff TC, thank you for the updates! $PEMIF long

[TradingCharts]

Looks like I posted the schlumberger and panasonic news.

Sustainable Battery-Grade Lithium

https://www.slb.com/resource-library?topics=70e3e217-68ee-45e8-8a3a-6ef795824487

[TradingCharts]

Page 2 BINGO

The other contributing factor is increasing new technology uptake. The rate of adoption of our latest-generation
technology increased by one-third during the quarter, and included, in particular, Transition Technologies, digital,
and fit-for-basin solutions—which benefited all Divisions and most basins. This is a clear recognition of the
performance impact our technologies generate for our customers, and it gives us increased confidence in the
contribution of technology adoption toward margin expansion in this upcycle.
In addition, we continued to advance our digital and new energy strategies—extending the reach of our digital
platform with a number of key agreements and awards, as customers forge ahead with their digital transformations.
And in new energy, we continued to progress all of our ventures, including the recently announced strategic
collaboration with Panasonic North America to develop our new battery-grade lithium production process in Clayton
Valley, Nevada.
Finally, during the second quarter, we announced our commitment to achieve net-zero greenhouse emissions by
2050. I am very proud to lead the first service company that has set a net-zero ambition that includes Scope 3
emissions.
We have laid out an approach to climate change that is science-based, aligned with the 1.5-degree Celsius target
of the Paris Agreement, and is built on a comprehensive near-term roadmap to achieve our goal—with interim
milestones in 2025 and 2030.
As a company that prides itself on technology innovation, we aim to net the balance of emissions we produce in
2050 with carbon-negative actions.

https://www.slb.com/-/media/files/newsroom/press-release/2q21-epr-prepared-remarks.ashx

[TradingCharts]

Maybe better eyes than mine but I went through every page.

I never knew this company is a multi-billion dollar company.

https://www.slb.com/-/media/files/newsroom/press-release/2q-21-epr.ashx

[TradingCharts]

Schlumberger Announces Second-Quarter 2021 Results

https://www.slb.com/newsroom/press-release/2021/pr-2021-0723-q2-earnings

[TradingCharts]

I think the wise move would be to look at the last Quarterly of Schlumberger. I bet there is some info in there.

And I am going to run Schlumberger, through the patents and see what comes up.

I wonder if they will spin it off like FMC did with Livient?

But Schlumberger, is an oil company and they would want those carbon taxes.

Now, I am second guessing myself. lol

[futrcash]

Appreciate the DD!

futr

[TradingCharts]

Miguel Lopez
Digital Automation Manager NeoLith Energy at Schlumberger

Schlumberger
Total Duration 16 yrs 2 mos
Title Digital Automation Manager NeoLith Energy
Full-time
Dates Employed Mar 2021 – Present
Employment Duration 6 mos
Location Sugar Land, Texas, United States

https://www.linkedin.com/in/miguel-lopez-19bab41a/?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAAAQT7wcB2GxmjCYCDhuxEmqMNgKWgh4ZwaY

[TradingCharts]

Vincent Dyen
Financial Intern for NeoLith Energy at Schlumberger

Financial Analyst for NeoLith Energy
Company Name Schlumberger Internship
Dates Employed May 2021 – Present
Employment Duration 4 mos
Location Houston, Texas, United States

https://www.linkedin.com/in/vincent-dyen-60470b147/?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAACOF0aQBn05sTchl3ZPn4QulF9ZUBD-ogyk

[TradingCharts]

Richard Morrison
Nevada Operations Manager, Neolith Energy at Schlumberger

Schlumberger
Total Duration 15 yrs
Title Nevada Operations Manager, Neolith Energy
Dates Employed Nov 2020 – Present
Employment Duration 10 mos
Location Reno, Nevada, United States

Title Engineering Program Manager
Dates Employed Mar 2018 – Nov 2020
Employment Duration 2 yrs 9 mos
Location Sugar Land, Texas

Title Technology Center Mechanical Metier Manager
Dates Employed Jul 2016 – Mar 2018
Employment Duration 1 yr 9 mos
Location Sugar Land, Texas

Title Engineering Project Manager
Dates Employed Jan 2012 – Mar 2018
Employment Duration 6 yrs 3 mos
Location Sugar Land, Texas

Engineering Project Manager, ACTive Xtreme
Concept to Commercialization
CT real-time rugged downhole measurement tool

Title Senior Mechanical Engineer
Dates EmployedSep 2006 – Dec 2011
Employment Duration5 yrs 4 mos
LocationSugar Land, Texas

Lead Mechanical Engineer for ACTive Tension and Compression
• Mechanical design, with emphasis on structural mechanics, high pressure/high temperature seals, springs, erosion mitigation, and corrosion mitigation
• High temperature load cell design
• Downhole electronics packaging
• Laboratory and field test design and execution
• Product documentation, including manuals, test reports, patent memos, compliance (CE/ATEX, etc.) documentation, and technical reports
• Management of circuit board/firmware development
• Solid modeling using ProEngineer
• Shock and vibration analysis
• Technical presentations

https://www.linkedin.com/in/richard-morrison-447b7a7/

[TradingCharts]

LOL I should have Googled NeoLith Energy, right away. Yeah we've seen that before, I knew it sounded fimiliar.

[TradingCharts]

Hi futrcash, I did not read the whole article last time. This I think is hugh. Hiding at the bottom of page. Need to do DD.


Our venture in action—NeoLith Energy
NeoLith Energy, a Schlumberger New Energy venture, maximizes the value of mineral resources through an innovative, sustainable DLE process that outputs battery-grade lithium material. Preserving the environment while guaranteeing best-in-class economical lithium recovery and refinement is key to sustainable and responsible lithium production.

NeoLith Energy uses a continuous production process to selectively extract the lithium from the brine and then convert it into a high-purity, battery-grade material. The long lead time associated with evaporation is avoided, ensuring a quality end product from reduced environmental footprint. This DLE technology opens the door to a long-needed, more sustainable approach to lithium production, guaranteeing direct extraction with reduced environmental impact and increased economic value of the lithium resources.

[TradingCharts]

Magnetic survey with DJI M210 and SENSYS MagDrone R3 magnetometer

[TradingCharts]

The Silence

[TradingCharts]

Pure Energy Minerals Ltd PEMIF:OTCQB

American Pacific Mining Reports Commencement of Drone
Magnetic Survey at
Madison
GlobeNewswire
7:30 AM ET

American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF /
FWB: 1QC) ("American Pacific" or the "Company") is pleased
to report that Kennecott Exploration Company ("Kennecott"),
a division of the Rio Tinto Group ("Rio Tinto"), has
commenced an Unmanned Aerial Vehicle ("UAV") Magnetic Survey
over American Pacific's past-producing Madison Copper-Gold
Project (the "Madison Project") that is focused on defining
a detailed magnetic signature of the Madison Limestone-Rader
Creek intrusive contact. The detailed magnetic signature of
the contact area will provide precise skarn hosted drill
targets. American Pacific has a joint venture earn-in
agreement with Rio Tinto, whereby Rio Tinto may spend US$30
million to earn up to 70% of the Madison Project, located in
Montana, USA.

A geophysical service,
which provides UAV-based magnetic surveying for mineral
exploration worldwide, is currently flying the orthophoto
component of the drone magnetics survey at Madison. The
orthophoto and DTM (Digital Terrain Model) will be completed
at ~150 metres elevation prior to conducting the magnetic
survey which will be flown at 25 metres. Survey lines will
be spaced 25 metres apart over the sedimentary formations
and 50 metres spacing over the remaining property in its
entirety.

"In addition to providing more
detailed signature data near the past producing mine area,
this property wide magnetic survey will also support new
target generation across our entire property package. The
recent trench results two kilometres from the Madison Mine
support our belief that the regional potential at Madison is
excellent, and this new mag data will help define additional
areas of interest," states Eric Saderholm, President of
American Pacific.

Figure 1. Photograph of
UAV:
https://www.globenewswire.com/NewsRoom/AttachmentNg/ed1adbde-
bb2-41fc-8cf5-39c1879d00eb

Qualified
Person

Technical aspects of this press
release have been reviewed and approved by Phil Mulholland,
P.Geo and Eric Saderholm, P.Geo., the designated Qualified
Persons (QP) under NI 43-101.

About
American Pacific Mining Corp.

American
Pacific Mining Corp. is a precious metals explorer focused
on opportunities in the Western United States. The Company's
flagship asset is the high-grade, past-producing Madison
Copper-Gold project in Montana, under option to joint
venture with Kennecott Exploration Company, a division of
the Rio Tinto Group, which the Company acquired in 2020. For
this transaction, American Pacific has been selected as a
finalist in the S&P Global Platts Global Metals Awards, an
annual program that recognizes exemplary accomplishments in
16 performance categories, including 'Deal of the Year,' the
category in which American Pacific Mining is competing. The
awards program is hosted by S&P Global Platts, the leading
independent provider of information and benchmark prices for
the commodities and energy markets. Also in the American
Pacific's asset portfolio are the Gooseberry Gold-Silver
project and the Tuscarora Gold project: two high-grade,
precious metals projects located in key mining districts of
Nevada, USA. The Company's mission is to grow by the drill
bit and by acquisition.

On Behalf of the
Board of American Pacific Mining Corp.


"Warwick Smith"

CEO &
Director

[TradingCharts]

Pure Energy Minerals Ltd PEMIF:OTCQB

American Pacific Mining Reports Samples up to 29 g/t Gold
and 1.52% Copper at Madison Copper Gold Project in Montana,
USA
GlobeNewswire
7:30 AM ET

American Pacific Mining Corp (CSE: USGD / OTCQB: USGDF /
FWB: 1QC) ("American Pacific" or the "Company") is pleased
to announce results from a sampling program at the Company's
flagship Madison Copper-Gold project (the "Madison Project")
in Montana, USA. American Pacific has a joint venture
earn-in agreement with Rio Tinto, whereby Rio Tinto may
spend US $30 million to earn up to 70% of the Madison
Project.

A total of 26 rock chip samples
were collected near the past producing American pit, which
identified significant high-grade gold (Au) and copper (Cu)
mineralization at the Madison Project. These samples were
collected east of the American pit, known for high-grade
Au-Cu skarn mineralization, where altered Rader Creek
granodiorite outcrops dive under tertiary gravel cover. Six
of the samples are described as skarn with disseminations of
pyrite, pyrrhotite and chalcopyrite; these samples returned
excellent values with up to 29 g/t Au, 1.52% Cu and 44.80
g/t Ag.

Another rock sample approximately
400 meters east of the American pit included native Au in a
quartz vein, returning 12.65 g/t Au, 0.98% Cu and 11.20 g/t
Ag (see Table 1 for full results). Samples were prepped in
Elko Nevada, analyzed by ALS Chemex, in the Vancouver lab
using Au-ICP21 for Au followed by Au-Gra21 when initial
analysis returns >10,000 ppb Au, for Cu, ME-MS61L
analysis was used. Duplicate samples, standards and blanks
all fall within an acceptable range of accuracy meeting all
data verification standards.

"The Madison
Project continues to deliver high grade gold and copper
samples," states Eric Saderholm, President of American
Pacific. "Further exploration, including drill assays are
expected throughout 2021 and additional drilling is clearly
warranted after the sample results are evaluated."


Table 1. Kennecott Rock Chip Sample
Results near American Pit:
https://www.globenewswire.com/NewsRoom/AttachmentNg/059b46fa-
d59-4b71-95b4-c0bce6ebb878

Assay values
were reported by ALS Labs of Vancouver.


Figure 1: Location of samples taken from
the past two sampling campaigns:
https://www.globenewswire.com/NewsRoom/AttachmentNg/63bfa29e-
e23-4d78-829f-f9522b3cb7fa

Qualified
Person

Technical aspects of this press
release have been reviewed and approved by Phil Mulholland,
P.Geo and Eric Saderholm, P.Geo., the designated Qualified
Persons (QP) under NI 43-101.

About
American Pacific Mining Corp.

American
Pacific Mining Corp. is a precious metals explorer focused
on opportunities in the Western United States. The Company's
flagship asset is the high-grade, past-producing Madison
Copper-Gold project in Montana, under option to joint
venture with Kennecott Exploration Company, a division of
the Rio Tinto Group, which the Company acquired in 2020. For
this transaction, American Pacific has been selected as a
finalist in the S&P Global Platts Global Metals Awards, an
annual program that recognizes exemplary accomplishments in
16 performance categories, including 'Deal of the Year,' the
category in which American Pacific Mining is competing. The
awards program is hosted by S&P Global Platts, the leading
independent provider of information and benchmark prices for
the commodities and energy markets. Also in the American
Pacific's asset portfolio are the Gooseberry Gold-Silver
project and the Tuscarora Gold project: two high-grade,
precious metals projects located in key mining districts of
Nevada, USA. The Company's mission is to grow by the drill
bit and by acquisition.

On Behalf of the
Board of American Pacific Mining Corp.


"Warwick Smith"

CEO &
Director

Corporate Office: Suite 910 -
510 Burrard Street Vancouver, BC, V6C 3A8 Canada


Contact Kristina Pillon, President, High
Tide Consulting Corp., 604.908.1695 /
[e-mail]

The CSE has
neither approved nor disapproved the contents of this news
release. Neither the CSE nor its Regulation Services
Provider (as that term is defined in the policies of the
CSE) accepts responsibility for the adequacy or accuracy of
this release.


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