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Pure Energy Minerals Ltd. (TSXV: PE) (OTCQB: PEMIF) has announced the immediate appointment of Joseph E. Mullin as President and CEO. Mullin joined the Pure Energy Minerals Ltd. board in November 2020.
Joseph Mullin’s Background
Mullin brings over 25 years of experience in corporate finance, private equity, restructuring, and early-stage mineral exploration. He currently holds leadership roles at Rise Gold Corp., Mount Arvon Partners LLC, and FireFox Gold Corp. His previous roles include President of Virginia Energy Resources Inc. and CEO of QuestEx Gold & Copper Ltd.
Company’s Expectations
Pure Energy Director, Mary Little, expressed confidence in Mullin’s ability to lead the company during its partnership with SLB Corp. on the Clayton Valley lithium brine project and DLE Pilot Plant.
Grant of Options
The company’s board has granted 1,214,820 incentive share purchase options to officers, directors, and consultants. The options allow holders to acquire one common share of the company at $0.83 per share until October 4, 2028.
About Pure Energy
Pure Energy Minerals is a lithium resource developer aiming to become a low-cost supplier for the lithium battery industry. The company holds the largest mineral land holdings in the Clayton Valley of central Nevada.
Cautionary Statements and Forward-Looking Information
This news release contains forward-looking statements subject to risks, uncertainties, and other factors that may cause actual results to differ from those anticipated. The company does not undertake to update any forward-looking information, except as required by applicable laws.
Company Website: https://pureenergyminerals.com
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