Pure Energy Minerals Ltd : Pure Energy Minerals Announces Clayton Valley Project Receives Federal Approval for Pilot Plant Construction and Operation finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Vancouver, British Columbia (Newsfile Corp. - June 11, 2021) - Pure Energy Minerals (TSXV: PE) (OTCQB: PEMIF) (the "Company" or "Pure Energy") is pleased to provide an important release by Schlumberger
Pure Energy Minerals Ltd.: Pure Energy Purchases Underlying Royalty at Clayton Valley
Vancouver, British Columbia (Newsfile Corp. - May 31, 2021) - Pure Energy Minerals (TSXV: PE) (OTCQB: PEMIF) (the Company or Pure Energy ) is pleased to report that it has acquired a net smelter returns ( NSR ) production royalty applicable to certain properties owned by Pure Energy at the Clayton Valley project, Nevada. The 2% NSR royalty, previously held by a private trust, covers 345 placer claims in Esmeralda County, Nevada. The purchase of the underlying royalty removes any future obligation by Pure Energy Minerals for royalty payments on these properties.
The purchase price consists of 75,000 common shares in Pure Energy stock and payment of US$30,000 to TR Trust in consideration for TR Trust s right, title and interest, as well as a 2% NSR royalty interest, in a Share Purchase Agreement dated February 15, 2016 between Lithium X Energy Corp. ( Lithium X ), 1061582 B.C. Ltd. and LT Capita