10:46 AM EST - Pure Energy Minerals Limited : Announced the results of a Preliminary Economic Assessment (“PEA”) for the production of lithium hydroxide monohydrate from its Clayton Valley Project located in Esmeralda County, Nevada. The PEA forecasts average annual production of approximately 10,300 tonnes (“t”) of lithium hydroxide or 9,100 t lithium carbonate equivalent, using more efficient and sustainable new technologies that do not require evaporation ponds. Over its expected 20-year life, the proposed project has an estimated Net Present Value of $264 million U.S. (after tax at 8% discount rate) and an estimated Internal Rate of Return of 21% (after tax). Pure Energy Minerals Limited
shares V.PE are trading down $0.01 at $0.58.
