- CEO
- William W. Morton Jr.
- Full Time Employees
- 4
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 1111 Melville Street Vancouver BC Canada V6E 3V6
- IPO Date
- Jul 24, 2008
- Business
- Pure Energy Minerals Limited (TSXV:PE; OTCQB:PEMIF) is a Vancouver-based lithium resource developer focused on the acquisition, exploration, evaluation and development of mineral properties with a specialized emphasis on lithium brines; it explores for and advances lithium deposits in Nevada, United States, targeting production of high-value lithium compounds including lithium carbonate (Li2CO3) and lithium hydroxide monohydrate (LiOH·H2O) for the lithium-ion battery market used in electric vehicles, energy storage and consumer electronics. The company's flagship Clayton Valley Lithium Brine Project in Esmeralda County, Nevada, comprises 950 unpatented placer claims covering approximately 23,360 acres adjacent to Albemarle's Silver Peak operation, the only producing lithium mine in the United States; it also holds potential interests in the Railroad Valley Property in Nye County, Nevada. Founded in 1999 and formerly known as Harmony Gold Corp. until its name change in October 2012, Pure Energy operates primarily in North America through its subsidiaries including Esmeralda Minerals LLC. Under a May 2019 Earn-In Agreement, SLB (NYSE:SLB, formerly Schlumberger) serves as operator of the Clayton Valley Project, having completed a comprehensive technology demonstration and testing program including a demonstration plant for direct lithium extraction in September 2024 to earn its interest; Pure Energy retains a 3% net smelter return royalty and receives annual advance minimum royalties of US$400,000. Recent developments include a September 2024 Letter of Intent to acquire up to an 85% interest in the Railroad Valley Property from Ameriwest Lithium Inc., progress on integrated lithium extraction approaches at Clayton Valley reported in July 2024, stock option grants to directors, officers and consultants in August 2024, board changes such as the appointment of Cam Hosie from SLB in May 2025 and management updates in November 2025, alongside ongoing receipt of royalty payments from SLB.