Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Tesla Motors (TSLA) News: Pure Energy Minerals Drops the Next Lithium Bombshell

Page 1 of 2

On Wednesday, September 16th, Nevada’s Pure Energy Minerals (CVE:PE.V) / (OTCMKTS:HMGLF) & (FRA:AHG1) announced the signing of an agreement with Tesla Motors Inc (NASDAQ:TSLA). To say that this is blockbuster news for the Company would be the understatement of the decade and in fact might not even suffice. Each agreement between Tesla and a junior company is unique. For the avoidance of doubt, here’s key parts, of the press release, quote, (modestly shortened by me).

Tesla Motors Inc (NASDAQ:TSLA), Car, Showroom, Customer, Logo, Automotive, Brand, Shop, Sales, Building,

Hadrian /

“…the Company has entered into an agreement with Tesla Motors Inc. for the potential supply of lithium hydroxide that Pure Energy Minerals plans to produce from the Company’s Clayton Valley, Nevada Lithium Brine Project. Pure Energy will conduct mining studies in the forms of, Preliminary Economic Assessment, Pre-Feasibility Study OR Feasibility Study to confirm the technical and economic viability of the Project.” 

The press continues, quote, (modestly shortened by me)

“Provided that Pure Energy meets terms and conditions related to project’s quality and timing of delivery, the Agreement establishes a commitment for annual purchase volume over 5 years by Tesla and/or its authorized purchasers. The Agreement sets a pre-determined price that is below current market rates and aligned with Tesla’s goal to reduce the cost of its lithium ion batteries. The supplied lithium will be used in the battery cell manufacturing process of Tesla’s rapidly growing electric vehicle and stationary storage units. Any deliveries from Pure Energy will cover a portion of Tesla’s needs with the remainder to come from other sources.”

Robert Mintak, Pure Energy CEO, commented,

“This agreement with Tesla is a significant milestone that validates Pure Energy’s lithium brine project and business development model, and is an important step in the development of the Project. Pure Energy is aligned with both Tesla’s and the State of Nevada’s development objectives, and we hope to positively contribute to Nevada’s booming clean energy based economy.”

This agreement represents much more than merely a potential off-take partnership. This is a HUGE vote of confidence for Pure Energy Minerals (PE.V) / (HMGLF) & (AHG1.DE), its shareholders, future investors, (including new looks from institutions) and prospective strategic partners. Consider the relative ease Pure Energy will now have with this Tesla news in their back pocket. Consider the relative ease for Pure Energy Minerals (PE.V) / (HMGLF) & (AHG1.DE) to obtain financing when that need arises. Consider the ability of the Company to move rapidly with Nevada State officials on permits and approvals. For these reasons and more, this single press release is worth more than any other news possible.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!