A Vancouver-based junior miner just received federal approval for its pilot plant construction and operation for their Clayton Valley, Nevada lithium brine project. Shares of Pure Energy Minerals Ltd. (TSX-Venture:PE) rallied on the news.
Pure Energy engages in the acquisition, exploration, and development of mineral properties. It is also involved in the exploration and development of mineral properties, with a focus on lithium brines and related processing of brines into lithium compounds. The company projects involve Clayton Valley, and Terra Cotta project.
Traders were excited about the news as shares quickly popped up to $1.26/share (+3.28%) immediately following the announcement. This move could be an indication of things to come as the long term trend appears to be getting more bullish as the lows have climbed higher over the last few months.
