Denver, CO (GLOBE NEWSWIRE) - Pure Energy Minerals Limited (TSX VENTURE:PE) (FRANKFURT:AHG1) (OTCQB:PEMIF) (the “Company” or “Pure Energy”) is pleased to announce the completion of basic design for the pilot plant at its flagship Clayton Valley Project (“CV Project”). Pure Energy has been working closely with its engineering providers to achieve the basic engineering and ensuing final design of the pilot plant. Building on the work reviewed at an engineering meeting on February 2018 (see Company news release dated 27 February, 2018), the basic design includes drafts of process flow diagrams (PFDs), piping and instrumentation diagrams (P&IDs), specifications, subcontractor scopes, contracting documents, and facility layouts.
The pilot plant design is being led by Tenova Advanced Technologies (“TAT”) with significant contributions from SUEZ Water Technologies & Solutions, a business unit of SUEZ Group, and NORAM Engineering & Constructors (collectively, the “Engineering Team”). The facility at the CV Project will be the first pilot-scale implementation of the Tenova Process in the world.
Patrick Highsmith, Pure Energy’s CEO, stated, “We are truly excited to receive the pilot-plant basic design package from the Engineering Team. The team has made significant progress over the three months since we last met at TAT’s research facility in Israel. The basic design package represents the culmination of thousands of hours of engineering effort toward the design of this first-of-its-kind facility. We are particularly pleased to work with Tenova, SUEZ, and NORAM, all of whom are world-renowned leaders in their respective fields. Their support is invaluable to the development and success of the CV Project.”
Completion of the pilot plant basic design is an important milestone in Pure Energy’s development of the CV Project. The Company plans to build the pilot plant in Nevada to further evaluate the innovative technology developed by TAT for the extraction of lithium and production of lithium hydroxide monohydrate at the CV Project (the “Tenova Process”). Data from a successful pilot plant trial will be used in the design of a full-scale commercial plant to produce lithium hydroxide directly from Clayton Valley brine using the Tenova Process.
The Tenova Process Flowsheet Consists Of Three Distinct Sections:
The Tenova Process is specifically designed to exclude solar pond evaporation, increase and accelerate lithium recovery, and reduce the associated environmental footprint of lithium production. After successful bench-scale testing, proof-of-concept for the Tenova Process through mini-pilot plant test work was completed in 2016 at TAT’s Research & Development Center in Israel.
The Engineering Team is committed alongside Pure Energy to the design, construction, and operation of the pilot plant, as described in the Memorandum of Understanding (“MOU”) between Pure Energy, TAT, and the rest of the Engineering Team (see Company news release of 11 October, 2017). To date, the Engineering Team has contributed more than US$600,000 toward the pilot-plant project in the form of in-kind contributions and discounts.
Walter Weinig, Professional Geologist and SME Registered Member (SME Registered Member # 4168729), is a qualified person as defined by NI 43-101 and supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Weinig is not independent of the Company, as he is an officer.
About Pure Energy Minerals Limited
Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy’s CV Project is located in Esmeralda County, Nevada, adjacent to the only producing lithium-brine operation in North America. The CV Project has access to excellent infrastructure and an experienced workforce in one of the world’s premier mining jurisdictions. The Company is also exploring a new lithium brine project in the Lithium Triangle of South America, the Terra Cotta Project (“TC Project”). The TC Project is located on Salar de Pocitos in Salta, Argentina, where it enjoys some of the best infrastructure and access of any lithium brine exploration project in Argentina.
Cautionary Statements And Forward-Looking Information
The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials and equipment relevant to the mining industry, weather or other conditions that may affect access to the Company’s project sites, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release may include statements regarding future design work on the CV Project, completion of various engineering studies, construction of a pilot plant, as well as possible future operations at the CV Project. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
The Company does not undertake to update any forward-looking information, except as required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
© 2018 GlobeNewswire, Inc. All Rights Reserved.
SOURCE: Pure Energy Minerals Limited