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Pure Energy picks up Lithium X’s Nevada assets, combines 10 500 ha landholdings

Lithium explorer and project developer Lithium X has agreed to sell its Nevada-based assets to Pure Energy Minerals and become the largest shareholder of the company as it develops the package of Clayton Valley projects surrounding Albemarle’s Silver Peak lithium mine, in Nevada.
The partners have signed a definitive contract outlining Lithium X subscribing for 3.57-million units of Pure Energy at a price of C$0.56 for a total subscription cost of C$2-million.