Pure Energy Minerals closes purchase option agreement on lithium brine mining concessions in Argentina

March 9, 2017

On March 9, 2017, lithium resource developer Pure Energy Minerals Limited (TSXV: PE) (FRANKFURT: A111EG) (OTCQB: PEMIF) announced that it had closed its acquisition of a purchase option on lithium brine mining concessions in Salta, Argentina.

The material terms of the agreement include payments of US$4 million and the issuance of up to 6 million common shares of Pure Energy. Upon full execution of the option, Pure Energy will obtain a 100% beneficial interest in the properties.

Miller Thomson advised Pure Energy with respect to the negotiation of this agreement with a team that included Roy Godinho, Kevin Sorochan and Brian Fast.