energy transition

Pure Energy Minerals appointed Cam Hosie, SLB’s New Energy SVP and former 8 Rivers CEO, to its board, enhancing expertise in decarbonization technologies and lithium extraction. Hosie’s leadership strengthens ties to SLB’s $3.2B R&D infrastructure, potentially accelerating Nevada brine projects under their 2019 partnership. His appointment aligns with rising lithium demand and SLB’s focus on modular direct lithium extraction (DLE) systems. While analysts highlight strategic advantages for tech commercialization and EV supply chains, challenges include leadership transition risks and market skepticism. The move follows Patrick Galletti’s departure, reflecting sector trends prioritizing operational expertise amid global lithium market shifts.