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Pure Energy (OTCQB:PEMIF) +89% in two days on the Toronto Stock Exchange since announcing Tuesday it received all permits from key governmental agencies for the construction of the direct lithium extraction pilot plant at its Clayton Valley lithium brine project in Nevada.
The final permit required to operate the DLE pilot plant became effective March 17, the company said.
The miner is exploring and developing the Clayton Valley project, which adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle.
Schlumberger (SLB) is responsible for the design, construction and operation of the pilot plant to produce lithium compounds in a highly sustainable manner.
Schlumberger (SLB) has consistently generated high revenue for several years and offers good potential for investment with high returns, Muhammad Umair writes in an analysis published recently on Seeking Alpha.