Pure Energy Minerals Limited
Pure Energy Signs Enhanced MOU With POSCO

DGAP-News: Pure Energy Minerals Limited / Key word(s): Miscellaneous

2015-05-19 / 14:30

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VANCOUVER, BC -- (Marketwired) -- 05/19/15 --  Pure Energy Minerals
Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTC: HMGLF) (the
'Company' or 'Pure Energy') is pleased to announce the signing of
non-binding Memorandum of Understanding ('MOU') with Korean
Multinational POSCO extending the scope of their previous MOU
(www.pureenergyminerals.com/pure-energy-extends-mou-with-posco/) to
include business opportunities relating to the lithium industry such
as the development of business relationships with potential
customers, and consolidation with other lithium development
properties/lithium producers and the relevant financial participation
opportunities.

POSCO (NYSE) is one of the largest steel manufacturers in the world
and a leader in the development of lithium brine processing
technologies and advanced battery materials processes.

'We are very pleased with this expanded opportunity for collaboration
on our Nevada Lithium project with POSCO,' commented Robert Mintak,
CEO, Pure Energy Minerals. 'Since our initial discussions with POSCO
last year, we have rapidly advanced and expanded our Clayton Valley
project. Our management team is keen to highlight our strategic U.S.
brine resource and explore ways to cooperate with one of world's
leading companies in the development of lithium resources and battery
materials.'

The final terms and structure of the proposed joint business
opportunities are subject to the Definitive Agreement. PURE and POSCO
will pursue reasonable efforts to enter into a definitive agreement
over the next 6 months from the date of execution on the MOU.

About Pure Energy:
 Pure Energy is an integrated lithium mining and
processing developer with a focus on green 'cradle to cradle'
lifecycle solutions for lithium supply in North America. Pure Energy
is currently focused on the advancement of our prospective 8,000 acre
Clayton Valley Lithium Brine Project, located contiguous and to the
southeast of the only producing lithium mine in the United States,
Rockwood Lithium's Silver Peak lithium brine mine.

On behalf of the Board of Directors
 'Robert Mintak'
 Chief Executive
Officer

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

Link back to original article on NuziNet.com

Link back to Pure Energy Minerals Limited on NuziNet.com






News Source: Marketwire



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2015-05-19 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                       
Company:     Pure Energy Minerals Limited  
 
 
             Canada                        
ISIN:        CA74624B2057                  
 
 
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