Pure Energy Enters Into a Lease Agreement for Its Brine Technology Testing
13 Marzo 2014 - 7:00AM
Marketwired
Pure Energy Enters Into a Lease Agreement for Its Brine Technology
Testing
VANCOUVER, BC--(Marketwired - Mar 13, 2014) - Pure Energy
Minerals Limited (the "Company" or "PURE" ) (TSX-VENTURE: PE) is
pleased to announce that as part of its development strategy it has
entered into an option to lease agreement (the "Agreement") with
HRH Nevada Resources Ltd., a private Nevada Company ("HRH")
pursuant to which PURE has the option (the "Option") to lease up to
20 acres (the "Property") of the 80 acres (the "HRH Property") of
land located in Esmeralda County, Nevada and owned by HRH for the
purpose of using the location as a staging area and a support
location for exploration programs on the Company's mineral claims,
and additionally as the possible location of an advanced lithium
brine processing, clean water recovery demonstration
plant.
PURE has until May 31, 2014 to exercise the Option, which if
exercised will allow PURE to lease Property for an initial term
(the "Initial Term") of up to ten years in consideration of:
(a) a minimum monthly lease payment of the greater of
$2,000.00 or the equivalent USD of 33.76 grams of gold per month
for 5 acres of the Property; and
(b) an additional minimum monthly lease payment of the
greater of $6,000.00 or the equivalent USD of 101.27 grams of gold
per month for the remaining 15 acres of the Property.
On expiration of the Initial Term, PURE has the option to renew
the Agreement and lease the Property for an additional 10 years at
a negotiated fair market value price.
The Agreement provides the Company the opportunity to lease the
Property. Robert Mintak, CEO of PURE stated, "This Agreement allows
us to pursue our objectives for development, while reducing
permitting requirements and enabling us to fast track the
project. I would like to reiterate our commitment to
developing the project as an environmentally friendly project, as
we progress we fully intend to provide local communities with
information about our projects and the environmental, social, and
economic impacts they will have."
The Agreement grants the Company an exclusive option to lease
the Property from HRH. The Property is strategically located only 5
miles from Interstate 95 and 8 miles from PURE's Alkali Flats
mineral claims.
Pursuant to the terms of the Agreement, the lease of the
Property includes:
(a) a 50' wide easement to construct a road along the north
edge of the HRH Property from the Property to the Esmeralda County
road that passes through the HRH Property and which goes from
Silver Peak (to the west) to Nevada State Highway 95 (to the south
east); and
(b) a 25' wide electrical utility easement to access 3
phase high voltage power transmission. A substitution may be built
at the south end of this easement to reduce the three phase
transmission line voltage (approximately 66KV three phase) to a
convenient distribution line voltage (such as 7600 V three
phase).
The Agreement also permits PURE to drill a water well on
the Property. A permit to drill permission from the Nevada State
Water Engineer is required prior to any drilling on the
Property.
ON BEHALF OF THE BOARD
PURE ENERGY MINERALS LIMITED
"Robert
Mintak" Chief Executive Officer
We Seek Safe Harbour. 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.
For further information contact: Robert Mintak
www.pureenergyminerals.com (604) 608-6611
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