Pure Energy Announces Completion of an Earn-In Transaction in Esmeralda County

Executive Summary

• Pure Energy Minerals Limited completed an earn‑in transaction that transferred ownership of its 100 % owned lithium‑brine claims in Esmeralda County, Nevada to a partner.
• In exchange, Pure Energy retained a 3 % net smelter return (NSR) royalty on all commodities extracted from the transferred claims, providing ongoing upside exposure.
• The transaction is presented as a strategic milestone that frees the company to pursue new growth opportunities while maintaining a revenue stream from the lithium project.

Key Details

• Transaction Structure: Earn‑in agreement resulting in transfer of full ownership of specified lithium brine claims to the partner.
• Royalty Retention: Pure Energy will receive a 3 % NSR royalty on all commodities (e.g., lithium) produced from the transferred claims, net of any advance royalty payments already made.
• Strategic Rationale: Allows Pure Energy to focus on new strategic prospects and corporate evolution while preserving upside through the royalty.
• Quote: “The successful completion of this transaction is an important milestone for our Company… By retaining a 3 % NSR royalty, we maintain exposure to the long‑term upside of the project…” – William Morton, President & CEO.

Notable Quotes

• “This transaction marks the beginning of a new chapter for our Company. By retaining a 3 % NSR royalty, we maintain exposure to the long‑term upside of the project while strengthening our position to focus on new strategic directions and the next phase of our corporate evolution.” – William Morton, President & CEO.