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As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

pure energy minerals ltd (HMGLF) Snapshot

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pure energy minerals ltd (HMGLF) Details

Pure Energy Minerals Limited is engaged in the acquisition, exploration, and development of mineral properties. It primarily has interests in the Alkali Flats lithium project that covers an area of 2,240 acres located in Esmeralda County, Nevada. The company was formerly known as Harmony Gold Corp. and changed its name to Pure Energy Minerals Limited in October 2012. Pure Energy Minerals Limited was incorporated in 2007 and is headquartered in Vancouver, Canada.

Founded in 2007

pure energy minerals ltd (HMGLF) Top Compensated Officers

Chief Executive Officer, Corporate Secretary,...
Total Annual Compensation: C$50.8K
Chief Financial Officer
Total Annual Compensation: C$35.0K
Compensation as of Fiscal Year 2013.

pure energy minerals ltd (HMGLF) Key Developments

Pure Energy Minerals Limited Completes Pumping Test on CV-1, Clayton Valley

Pure Energy Minerals Limited announced that company and their sub-contractor, Broadbent & Associates Inc. have successfully completed a series of pumping tests on Borehole CV-1 at the Company's Clayton Valley, Nevada lithium brine prospects. A high-capacity electric submersible pump was installed in CV-1 and was used to conduct a preliminary step-test that produced flow rates from 40 to 180 gallons per minute (gpm) or 2.5-11 litres/second. During this test, the maximum output of the pump was reached (180 gpm) and higher flow rates of lithium-bearing brine could have been produced. Following recovery, a long-term, constant-discharge test was performed in CV-1 at a rate of 150 gpm (9.5 litres/second) for a period of 8 hours. During this test, the brine level in CV1 reached a steady-state drawdown of 174' (53 m), demonstrating that higher production pumping rates of lithium-bearing brine are possible from this well. Data collected from these two successful pumping tests are being interpreted by hydrogeologists from BGC Engineering Inc. in Vancouver, and will be used to provide key input information for an Inferred Resource estimate (NI 43-101 compliant) that is being written for the lithium brines present beneath Pure's Clayton Valley prospects.

Pure Energy Minerals Limited Commences Drilling of Exploration Hole CV-2 in Clayton Valley, Nevada Lithium Brine Prospects

Pure Energy Minerals Limited provided exploration update. The Company's operator, GeoXplor Corp. has commenced drilling of exploration well CV-2 at the Company's Clayton Valley, Nevada lithium brine prospects. The location of CV-2 has been guided by the recent detailed gravity survey and is in a similar position in the sedimentary basin to proven CV-1. Drilling data from CV-2 will be used to qualify the extensive seismic reflection survey recently conducted in the Clayton Valley basin. It is currently proposed that CV-2 be advanced to 1000' to intersect more than one brine-bearing zone, though total depth will be determined by drilling conditions. Samples of solids and brines will be taken during drilling and will be sent for laboratory analysis. Data from CV-2 will provide key information that will allow for production of an Inferred Resource 43-101 report.

Pure Energy Minerals Limited Provides Exploration Update

Pure Energy Minerals Limited provided the exploration update. The company has successfully drilled and completed the installation for a test-production well in CV-1 at the Company’s Clayton Valley, Nevada lithium brine project. The existing exploration borehole CV-1 was drilled in September and October 2014 and demonstrated lithium-bearing brines from approximately 140 m depth to the total depth of the borehole at 274 m. Samples of the brine taken from the borehole showed lithium concentrations of 264 ppm, and recent downhole geophysical work refined the understanding of the brine-bearing horizons in the CV-1 borehole. Subsequent to this, the Company’s Operator, GeoXplor Corp., mobilized Harris Exploration Drilling to the Clayton Valley site to ream and widen this borehole so that it can be used as a test-production well. Pure Energy is announced that this work has been successfully completed, and consisted of re- drilling the borehole to 275 m depth and widening the borehole to 36 cm (14”). A 21 cm (8”) diameter steel test-production well has been installed into the borehole with the screened zones aligned with the known lithium brine-bearing horizons. A high-capacity electric submersible pump will be installed to perform pumping tests to measure key aquifer parameters at flow rates similar to likely production rates. This is an important piece of information that will be used to help determine the size and viability of the lithium-brine resources beneath Pure’s claim area. The company anticipates Harris Exploration drilling will be mobilized to begin the drilling of the CV-2 this week.


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