Pure Energy Minerals Announces Shareholder Approval of Key Resolutions at Annual General Meeting
Vancouver, British Columbia – December 19, 2025 – Pure Energy Minerals Limited (TSXV: PE; OTCQB: PEMIF) today announced the outcomes of its Annual General Meeting of Shareholders, held on December 19, 2025. Shareholders overwhelmingly approved all resolutions put forth, signaling continued confidence in the company’s strategic direction and management.
A total of 10,700,467 common shares were voted, representing approximately 31.50% of the company’s outstanding shares. This level of participation underscores a significant engagement from the shareholder base.
Key resolutions passed include:
* **Reappointment of Auditors:** Baker Tilly WM LLP was reappointed as the company’s auditors, ensuring continuity and confidence in financial oversight.
* **Board of Directors Election:** The number of directors was set at five, with the following individuals elected to serve: Marceau Schlumberger, Daniel Barnosky, Yuwei Hong, Cameron Hosie, and the newly appointed William Morton. Mr. Morton’s addition is expected to bolster the board’s expertise, particularly in financial leadership and strategic investment, crucial areas for a resource development company.
* **Long-Term Incentive Plan Approval:** Shareholders also approved the company’s new Long-Term Incentive Plan. This plan is designed to align the interests of key management and employees with those of the shareholders, incentivizing long-term value creation and sustainable growth.
“We are grateful for the strong participation and ongoing support from our shareholders,” stated William Morton, President and CEO of Pure Energy Minerals. “The approval of these resolutions, including the new Long-Term Incentive Plan and the strengthening of our board, positions us effectively for future development and value generation.”
**Strategic Context and Outlook**
Pure Energy Minerals is focused on the exploration and development of lithium resources. Its Clayton Valley Project in Nevada is a core asset, strategically located in a region known for its lithium-rich brines. The company has an existing Earn-In Agreement with Schlumberger Technology Corp., a subsidiary of SLB, which provides a pathway for the potential advancement and commercialization of the Clayton Valley Project. This partnership offers significant operational and technical expertise, which is vital for the complex extraction and processing requirements of lithium brine projects.
The approval of the Long-Term Incentive Plan is particularly relevant in the current market environment. As the demand for battery-grade lithium continues to surge, driven by the global transition to electric vehicles and renewable energy storage, companies like Pure Energy Minerals are under pressure to efficiently advance their projects. Robust incentive structures can be instrumental in attracting and retaining the specialized talent needed to navigate the technical, environmental, and financial challenges inherent in bringing new lithium resources to market.
Furthermore, the appointment of William Morton to the board brings a wealth of financial acumen. In the capital-intensive mining sector, strong financial stewardship is paramount. His experience is expected to be invaluable as the company plans its next phases of development, potentially including securing project financing and managing operational scaling.
The company is committed to a transparent and sustainable approach to resource development. While the technical and economic feasibility of any project is subject to various market and operational factors, the positive outcomes from the AGM provide a clear mandate for the management team to pursue its strategic objectives.
Pure Energy Minerals looks forward to leveraging its assets and strategic partnerships to capitalize on the significant opportunities within the global lithium market.
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