Friday, August 04, 2017 12:27:50 AM
Lithium player, Pure Energy: poised for production
"Up in the desolate expanses of the high Nevada desert, a vision for the future of energy is taking shape. For Pure Energy Minerals, a prospective lithium miner with a large land holding, the lithium fields deep below the surface of the Silver State's Clayton Valley could be the key to a low-carbon, electric future. And now it believes it has a roadmap to get there.
On June 26, Pure Energy Minerals Ltd.(TSX: V.PE, OTCQB: PEMIF, Forum) tabled its preliminary economic assessment (PEA) for its planned mine and industrial plant in Nevada's lithium-rich Clayton Valley. The proposal lays out a vision for a cost-effective, environmentally friendly mine and plant that could be online by 2021, meeting the skyrocketing demand for lithium on the part of automakers and utilities alike. If realized, Pure Energy could come to play an important role in automakers such as Tesla's vision of a future where electric vehicles rule the road.
For Pure Energy, the plan entails a capital cost of US$297 million to build out an operation that could have an annual production of 10,300 tonnes of lithium hydroxide monohydrate (LHM) or 9,100 tonnes of lithium carbonate equivalent (LCE). Using sector-leading technologies that do not require evaporation ponds, the plant could mark a shift away from the environmentally taxing and time intensive processes that have proven an obstacle for other lithium producers.
"We expect to do more research on the process side, on to grow the resource itself, but in its first pass of economic assessment, what shines is that with a new technology using solvent extraction instead of ponds, we can achieve real-time production," says Patrick Highsmith, Pure Energy CEO and a rare veteran of the lithium space........."
http://www.stockhouse.com/news/newswire/2017/07/13/lithium-player-pure-energy-poised-for-production
Just waiting on "Mr. Goodbar" with $297 million to jump start the project(s).
LET'S GO PEMIF
"PEACE"
NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM