Pure Energy Minerals signs LOI to buy Ameriwest’s Railroad Valley lithium brine claims in Nevada

Reuters2026/08/24 13:03

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Pure Energy Minerals signed a non-binding LOI to buy Ameriwest Critical Metals’ Railroad Valley lithium brine property in Nye County, Nevada.
Deal targets 213 unpatented claims in the Railroad Valley basin, expanding Pure Energy’s Nevada lithium footprint.
Consideration includes 8,000,000 common shares issued to Ameriwest, priced at the TSXV minimum.
Ameriwest would also receive a 2% NSR royalty, covering the claims with a 1-mile area of influence.
Parties aim to sign a definitive agreement within 30 days; TSXV clearance expected within 90 days.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pure Energy Minerals Limited published the original content used to generate this news brief via Newsfile (Ref. ID: 202608240900NEWSFILECNPR____20260824_310918_1) on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pure Energy Minerals signs LOI to buy Ameriwest’s Railroad Valley lithium brine claims in Nevada

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