Vancouver’s Pure Energy Minerals announces Mou with Korea’s Posco on Nevada Lithium Project

PURE ENERGY MINERALS LIMITED. has announced the execution of a non-binding Memorandum of Understanding (“MOU”) with POSCO a Republic of Korea multinational global leader.

POSCO is one of the largest steel manufacturers in the world and a leader in the development of advanced materials processes. The MOU was executed by POSCO and PURE on 3 March 2014.

PURE and POSCO entered into the MOU to explore the possibility of collectively engaging in potential joint business opportunities in the areas of:

(a) the exploration of lithium and other mineral by-product materials from PURE’S mineral claims located in Esmeralda County, Nevada, USA; and
(b) commercialization of environmentally friendly mineral extraction and processing technologies for lithium brine.

PURE and POSCO will pursue reasonable efforts to enter into a definitive agreement within 6 months from the date of execution on the MOU.

The Company’s CEO Robert Mintak commented “We are delighted with the opportunity of working with POSCO and their Lithium Team and New Growth Technology Department regarding the development of mineral exploration opportunities for lithium on our Nevada mineral claims in tandem with the potential testing and demonstrating of new environmentally friendly technologies for lithium extraction”.