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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.12
PE's Cash-to-Debt is ranked lower than
74% of the 449 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.72 vs. PE: 0.12 )
Ranked among companies with meaningful Cash-to-Debt only.
PE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.12 Max: N/A
Current: 0.12
Equity-to-Asset 0.53
PE's Equity-to-Asset is ranked higher than
52% of the 423 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.51 vs. PE: 0.53 )
Ranked among companies with meaningful Equity-to-Asset only.
PE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.03  Med: 0.35 Max: 0.53
Current: 0.53
0.03
0.53
Interest Coverage 0.40
PE's Interest Coverage is ranked lower than
96% of the 197 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 191.96 vs. PE: 0.40 )
Ranked among companies with meaningful Interest Coverage only.
PE' s Interest Coverage Range Over the Past 10 Years
Min: 0.4  Med: 4.13 Max: 26.79
Current: 0.4
0.4
26.79
Piotroski F-Score: 4
Altman Z-Score: 2.95
Beneish M-Score: -1.80
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 6.80
PE's Operating Margin % is ranked higher than
80% of the 429 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -45.13 vs. PE: 6.80 )
Ranked among companies with meaningful Operating Margin % only.
PE' s Operating Margin % Range Over the Past 10 Years
Min: -27.82  Med: 31.02 Max: 117.96
Current: 6.8
-27.82
117.96
Net Margin % -16.20
PE's Net Margin % is ranked higher than
66% of the 429 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -49.17 vs. PE: -16.20 )
Ranked among companies with meaningful Net Margin % only.
PE' s Net Margin % Range Over the Past 10 Years
Min: -18.95  Med: 15.24 Max: 109.1
Current: -16.2
-18.95
109.1
ROE % -4.34
PE's ROE % is ranked higher than
68% of the 420 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.16 vs. PE: -4.34 )
Ranked among companies with meaningful ROE % only.
PE' s ROE % Range Over the Past 10 Years
Min: -5.12  Med: 16.62 Max: 428.75
Current: -4.34
-5.12
428.75
ROA % -2.33
PE's ROA % is ranked higher than
71% of the 496 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.02 vs. PE: -2.33 )
Ranked among companies with meaningful ROA % only.
PE' s ROA % Range Over the Past 10 Years
Min: -2.33  Med: 1.68 Max: 14.23
Current: -2.33
-2.33
14.23
ROC (Joel Greenblatt) % -1.04
PE's ROC (Joel Greenblatt) % is ranked higher than
75% of the 470 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.05 vs. PE: -1.04 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
PE' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.82  Med: 10.05 Max: 31.8
Current: -1.04
-2.82
31.8
GuruFocus has detected 3 Warning Signs with Parsley Energy Inc $PE.
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» PE's 10-Y Financials

Financials (Next Earnings Date: 2017-05-23 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Guru Trades

Q1 2016

PE Guru Trades in Q1 2016

Jim Simons 722,600 sh (+147.72%)
Chuck Royce 116,000 sh (+132.00%)
Ron Baron 266,400 sh (+9.36%)
Keeley Asset Management Corp 1,411,965 sh (+4.18%)
Louis Moore Bacon Sold Out
Steven Cohen 705,854 sh (-17.04%)
T Boone Pickens 152,473 sh (-37.91%)
Paul Tudor Jones 18,230 sh (-77.56%)
» More
Q2 2016

PE Guru Trades in Q2 2016

Paul Tudor Jones 26,720 sh (+46.57%)
Jim Simons 764,700 sh (+5.83%)
Chuck Royce 116,000 sh (unchged)
T Boone Pickens Sold Out
Keeley Asset Management Corp 1,408,285 sh (-0.26%)
Ron Baron 242,000 sh (-9.16%)
Steven Cohen 50,000 sh (-92.92%)
» More
Q3 2016

PE Guru Trades in Q3 2016

Ken Heebner 450,000 sh (New)
Leon Cooperman 319,200 sh (New)
John Burbank 2,554,361 sh (New)
Paul Tudor Jones 35,615 sh (+33.29%)
Chuck Royce 151,000 sh (+30.17%)
Steven Cohen Sold Out
Keeley Asset Management Corp 1,333,845 sh (-5.29%)
Ron Baron 227,900 sh (-5.83%)
Jim Simons 565,600 sh (-26.04%)
» More
Q4 2016

PE Guru Trades in Q4 2016

Caxton Associates 43,270 sh (New)
Steven Cohen 1,183,222 sh (New)
Paul Tudor Jones Sold Out
Jim Simons Sold Out
Leon Cooperman Sold Out
Ken Heebner Sold Out
John Burbank 2,491,997 sh (-2.44%)
Chuck Royce 142,000 sh (-5.96%)
Ron Baron 192,500 sh (-15.53%)
Keeley Asset Management Corp 993,115 sh (-25.54%)
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Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P    NAICS: 211111    SIC: 1311
Compare:OTCPK:OISHF, NYSE:NFX, NYSE:RRC, NYSE:AR, NAS:FANG, OTCPK:SVRGF, OTCPK:LNDNY, OTCPK:TRMLF, NYSE:CPG, NYSE:EQT, NYSE:CHK, NYSE:WPX, NYSE:EGN, NYSE:NFG, OTCPK:SSLTY, OTCPK:AETUF, NYSE:COG, OTCPK:PREKF, NYSE:MUR, NYSE:RICE » details
Traded in other countries:17PA.Germany,
Headquarter Location:USA
Parsley Energy Inc is an independent oil & natural gas company. The Company is engaged in acquisition, development & exploitation of unconventional oil & natural gas reserves in the Permian Basin.

Parsley Energy Inc is an independent oil and natural gas company. The Company is engaged in acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Company's properties are located in the Midland and Delaware Basins and its activities are focused on the vertical development of the Spraberry, Wolfberry and Wolftoka Trends of the Midland Basin.

Guru Investment Theses on Parsley Energy Inc

Baron Energy and Resources Fund Comments on Parsley Energy - Nov 21, 2016

Parsley Energy, Inc. (NYSE:PE) is an independent E&P company focused on the Permian basin in West Texas. Shares rose in the third quarter on strong operational performance, significantly raised production guidance, lowered cash costs, and a three-year growth outlook that exceeded even the most bullish estimates. Parsley also boosted its drilling inventory through an acquisition. We expect Parsley will continue to deliver peer-leading operational performance, capitalize on its strong balance sheet, and grow its footprint through acquisitions.



From Baron Energy and Resources third quarter 2016 commentary.



Check out Ron Baron latest stock trades

Keeley Funds Comment on Parsley Energy - Aug 01, 2016

Another leading contributor this quarter was Parsley Energy (NYSE:PE), which gained over 19% and contributed 36 basis points in performance to the Fund. The oil and natural gas company focuses on the acquisition and development of reserves in the Permian Basin, and the stock price has been steadily rising since February. The company has taken advantage of low oil prices to make accretive acquisitions of acreage and mineral rights during this downturn to further strengthen their position in the Permian Basin. The company’s stock has also benefited from the rebound in oil prices that has taken place the first half of the year.



From the Keeley Small Cap Value Fund second quarter 2016 commentary.



Check out John Keeley latest stock trades

Top Ranked Articles about Parsley Energy Inc

Baron Energy and Resources Fund Comments on Parsley Energy Guru stock highlight
Parsley Energy, Inc. (NYSE:PE) is an independent E&P company focused on the Permian basin in West Texas. Shares rose in the third quarter on strong operational performance, significantly raised production guidance, lowered cash costs, and a three-year growth outlook that exceeded even the most bullish estimates. Parsley also boosted its drilling inventory through an acquisition. We expect Parsley will continue to deliver peer-leading operational performance, capitalize on its strong balance sheet, and grow its footprint through acquisitions. Read more...
Keeley Funds Comment on Parsley Energy Guru stock highlight
Another leading contributor this quarter was Parsley Energy (NYSE:PE), which gained over 19% and contributed 36 basis points in performance to the Fund. The oil and natural gas company focuses on the acquisition and development of reserves in the Permian Basin, and the stock price has been steadily rising since February. The company has taken advantage of low oil prices to make accretive acquisitions of acreage and mineral rights during this downturn to further strengthen their position in the Permian Basin. The company’s stock has also benefited from the rebound in oil prices that has taken place the first half of the year. Read more...
Pure Energy Minerals Exceeds Target Depth in New Well

VANCOUVER, BC--(Marketwired - Jun 29, 2016) -  Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTCQB: HMGLF) (the "Company" or "Pure Energy") is pleased to announce that exploration borehole CV-3 has been successfully drilled to a total depth of 2,000 feet below ground level (610 metres) at its Clayton Valley South ("CVS") Lithium Brine Project, located near Silver Peak, Nevada (the "Project"). The original target depth for this well was 1,600 feet (490 metres), but favourable drilling conditions and positive return of cuttings and formation fluids supported extending the depth of investigation down to the final depth. The well has been completed to a diameter of 12.5 inches (32 centimetres), and field crews are currently installing temporary well casing. The new well will serve the dual purpose of deep exploration and monitoring for pumping tests. The Company expects to commence detailed brine sampling in early July; results will follow soon thereafter. Drillers employed a combination of drilling techniques to complete the CV-3 well, including diamond core drilling to 1,400 feet (427 metres) and mud rotary from 1,400 to 2,000 feet (610 metres). Core recovery continues to be excellent ( > 95%) on the CVS Project. The new well was collared approximately 660 feet (200 metres) east-southeast of CV-1. The geological and porosity data from CV-3 will be important additions to the database in the northern project area. Quality Assurance and Quality Control Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702), is a qualified person as defined by NI 43-101, and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Highsmith is not independent of the Company as he is an officer and director. About Pure Energy Minerals Ltd.

Pure Energy is a lithium-brine resource developer that is driven to become the lowest-cost lithium supplier for the burgeoning North American lithium battery industry. Pure Energy is currently focused on the development of our prospective CVS Lithium Brine Project, which has the following key attributes:

A large land position with excellent existing infrastructure in a first-class mining jurisdiction: Approximately 9,324 acres in three main claim groups in the southern half of Clayton Valley, Esmeralda County, Nevada.
Adjacent to the only producing lithium operation in the United States (Albemarle's Silver Peak lithium brine mine).
An inferred mineral resource of 816,000 metric tonnes of Lithium Carbonate Equivalent (LCE), reported in accordance with NI 43-101.
Metallurgical and process studies underway to better understand the feasibility and economics of using modern environmentally-responsible processing technology to convert the CVS brines into high purity lithium products for new energy storage uses.

On behalf of the Board of Directors, "Patrick Highsmith"

Chief Executive Officer Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release


CONTACT:



Pure Energy Minerals Limited

www.pureenergyminerals.com

Email: [email protected]

Telephone - 604 608 6611, ext 5





Read more...
Pure Energy Minerals Commences Next Stage of Permitting at Clayton Valley South Lithium Brine Project in Nevada

VANCOUVER, BC--(Marketwired - Jun 2, 2016) - Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTCQB: HMGLF) (the "Company" or "Pure Energy") is pleased to announce that it has engaged SRK Consulting ("SRK") to conduct environmental baseline monitoring at the Company's Clayton Valley South Lithium Brine Project ("CVS Project" or the "Project") in Nevada. The immediate purpose of this work is to support the filing of anticipated regulatory applications for the anticipated expansion of Pure Energy's exploration program and future project development work. Longer term, the information collected through this process can also be used to support potential operating permit applications. In addition, SRK will prepare a detailed permitting plan outlining the necessary regulatory instruments required for the entire Project life cycle. The permitting plan will identify the permits and approvals that would be required to advance the CVS Project through resource expansion, longer term pumping tests, pilot plant operation, feasibility study, and ultimately, to production. The work product from the permitting plan will include a detailed schedule of activities and elements that warrant attention going forward. Patrick Highsmith, Pure Energy CEO, commented, "This is an important first step in a process that will evolve through various phases with the regulatory agencies at the county, state and federal levels. It is exciting to lay this foundation by documenting the key environmental attributes of the project area. Pure Energy intends to develop one of the most sustainable lithium production facilities in the world, and we are committed to an efficient, professional, and rigorous permitting process to achieve that. It is also helpful to be working with SRK Consulting, who have an excellent permitting track record in Nevada." About SRK Consulting

SRK is a world-class consultancy offering specialist services to the mining and mineral exploration sectors. With a significant presence in Nevada, SRK has a local team of scientists and engineers with substantial experience in permitting at the county, state and federal levels. In addition, with a permanent worldwide staff of more than 1,400 professionals, SRK has the capability to draw on a large body of professional expertise to address even the most unique challenges. About Pure Energy Minerals Ltd.

Pure Energy is a lithium-brine resource developer that is driven to become the lowest-cost lithium supplier for the burgeoning North American lithium battery industry. Pure Energy is currently focused on the development of our prospective CVS Lithium Brine Project, which has the following key attributes:

A large land position with excellent existing infrastructure in a first-class mining jurisdiction: Approximately 9,324 acres in three main claim groups in the southern half of Clayton Valley, Esmeralda County, Nevada.
Adjacent to the only producing lithium operation in the United States (Albemarle's Silver Peak lithium brine mine).
An inferred mineral resource of 816,000 metric tonnes of Lithium Carbonate Equivalent (LCE), reported in accordance with NI 43-101.
Metallurgical and process studies underway to better understand the feasibility and economics of using modern environmentally-responsible processing technology to convert the CVS brines into high purity lithium products for new energy storage uses.

On behalf of the Board of Directors, "Patrick Highsmith"

Chief Executive Officer Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Such forward looking statements are based upon the Company's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Factors that could cause such differences include: changes in world commodity markets and the demand for and price of commodities, particularly lithium, unanticipated expenses in exploration programs, technical difficulties in connection with exploration and development activities, technological challenges with the extraction and processing of lithium brines, the speculative nature of mineral exploration, volatile microcap equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry, including environmental requirements. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release


CONTACT:


Pure Energy Minerals Limited

www.pureenergyminerals.com

Email: [email protected]

Telephone -- 604 608 6611, ext 5





Read more...
Pure Energy Minerals Launches Lithium Mini-Pilot Plant With Tenova Bateman Technologies & Grows Engineering Team

VANCOUVER, BC--(Marketwired - May 11, 2016) - Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTCQB: HMGLF) (the "Company" or "Pure Energy") is pleased to announce the commencement of its Mini-Pilot Plant work with Tenova Bateman Technologies (TBT) at their research and development centre in Katzrin, Israel and at other off-site locations. The proposed lithium recovery process that will be tested in the Mini-Pilot Plant consists of three distinct phases: LiP™ -- Physical removal of alkaline earth elements (Ca & Mg) using membranes; LiSX™ -- Recovery of lithium into concentrated high-purity lithium sulphate solution utilizing proven solvent extraction process; and, LiEL™ -- conversion of the lithium sulphate solution into a concentrated high-purity lithium hydroxide solution, using electrolysis, and subsequent crystallization into high-purity battery grade lithium hydroxide. The Mini-Pilot Plant work will expand upon bench-scale work conducted by TBT for Pure Energy in 2015 and will culminate in a report with preliminary estimates of capital (CAPEX) and operating (OPEX) expenditures for a potential commercial processing plant in Clayton Valley, Nevada for the production of high-purity battery grade lithium hydroxide. The work product from the Mini-Pilot Plant will also include: scale up data for the continuous pilot stage and other recommendations to support preliminary process design work. In addition, Pure Energy has begun bench-scale testing work with SGS Canada Inc. (SGS) on additional pre-treatment options for Clayton Valley South (CVS) lithium brine. The Company sent a representative sample of lithium brine from the CVS Project to SGS' hydrometallurgy laboratory in Lakefield, Ontario. This phase of SGS testing will focus on removal of alkaline earth elements (predominantly Ca and Mg) from the lithium brine by means of direct chemical precipitation. This SGS testing program aims to complement the membrane pre-treatment stage described above, wherein the brine will be polished prior to lithium collection via solvent extraction. Pure Energy's engineering team will collect, interpret, and model the data from the TBT and SGS process test work. The successful outcome of this testing and modeling will result in key data inputs to the preliminary process design and flowsheet for the potential CVS lithium processing plant. Once optimized by the engineering team and subjected to additional testing as necessary, the data and knowledge gained from the Mini-Pilot and related process test work will be core components of the Preliminary Economic Assessment (PEA) slated for delivery later this year. Pure Energy continues to build its engineering team through the appointment of two additional team members. Membrane Development Specialists LLC (MDS), based in Escondido, CA, brings world-leading membrane technology expertise to Pure Energy's team. MDS was formed in 2006 and has extensive experience developing and testing nanofiltration systems for the mining industry to remove Ca, Mg and other impurities during brine processing. MDS's knowledge and expertise will be of immediate value to the Project in optimizing the membrane applications in the treatment of CVS lithium brines. Dr. Ron Molnar has also joined the team. He is a solvent-extraction specialist with over 35 years experience in hydrometallurgical bench and pilot plant testing. He has built and operated more than 60 pilot plant circuits extracting a wide range of metallic elements, and has also designed and built over 20 custom solvent extraction pilot plant circuits for use in specific projects or for general testing. He has authored and co-authored a number of publications and oral presentations, and Dr. Molnar is a life-member and fellow of CIM (Canadian Institute of Mining, Metallurgy and Petroleum). Ron founded MetNetH2O Inc., an independent consultancy based in Ontario, specializing in solvent extraction and ion exchange process testing and development. Ron will play an integral role on Pure Energy's technical team, and will be present at key points throughout the Mini-Pilot test work, both in Israel and at off-site locations. Patrick Highsmith, Pure Energy Minerals CEO, commented, "We are excited to launch the Mini-Pilot Plant with Tenova Bateman Technologies. Their 21st century processing technology appears to be an excellent fit for the low-magnesium and excellent chemistry of the lithium brines from our CVS Project. We also believe that our engineering team differentiates us as a leader among lithium resource developers. MDS and Ron Molnar bring new dimensions to the team in key areas -- brine pre-treatment and solvent extraction. We are confident that this team will ensure that we capture the right data from the process test work for a robust processing solution to take the CVS brines to high purity battery-grade lithium hydroxide." Qualified Person

Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702), is a qualified person as defined by NI 43-101, and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Highsmith is not independent of the Company as he is an officer and director. About Pure Energy Minerals Ltd.

Pure Energy is a lithium-brine resource developer that is driven to become the lowest-cost lithium supplier for the burgeoning North American lithium battery industry. Pure Energy is currently focused on the development of our prospective CVS Lithium Brine Project, which has the following key attributes:

A large land position with excellent existing infrastructure in a first-class mining jurisdiction: Approximately 9,324 acres in three main claim groups in the southern half of Clayton Valley, Esmeralda County, Nevada.
Adjacent to the only producing lithium operation in the United States (Albemarle's Silver Peak lithium brine mine).
An inferred mineral resource of 816,000 metric tonnes of Lithium Carbonate Equivalent (LCE), reported in accordance with NI 43-101.
Metallurgical and process studies underway to better understand the feasibility and economics of using modern environmentally-responsible processing technology to convert the CVS brines into high purity lithium products for new energy storage uses.

On behalf of the Board of Directors, "Patrick Highsmith"

Chief Executive Officer Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release


CONTACT:



Pure Energy Minerals Limited (www.pureenergyminerals.com)

Email: [email protected]

Telephone -- 604 608 6611, ext 5





Read more...
Pure Energy Minerals Announces Results from Phase 2 Drill Program and Provides Update on Phase 3 Drilling

VANCOUVER, BC--(Marketwired - May 10, 2016) -  Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTCQB: HMGLF) (the "Company" or "Pure Energy") announces the results of well sampling from the phase 2 drill program at its Clayton Valley South ("CVS") Lithium Brine Project, located near Silver Peak, Nevada (the "Project"). The phase 2 drill program consisted of three wells: CV-4, CV-5, and CV-6, which were major step outs to the south, extending up to 6 kilometres (3.7 miles) beyond the previous limit of drilling. The technical team designed these wells to target lower grade brines of the southern resource area from approximately 150 to 500 metres (500 to 1600 feet) below surface. The results from wells CV-4, 5, and 6 included no significant lithium values, but the data indicate the presence of an active geothermal system that may have a significant impact on fluid compositions in portions of the southern resource area. Phase 3 drilling continues, as Harris Exploration Drilling has advanced CV-3 to approximately 427 metres (1,400 feet) below surface. The new well was collared approximately 200 metres (660 feet) east-southeast of CV-1; it will serve the dual purpose of a deep exploration well and a monitoring well for future pumping tests. The drillers are using rotary coring techniques to take CV-3 towards a target depth of 490 metres (1,600 feet) below surface, and there are sufficient supplies on site to advance the well deeper if conditions permit. Core recovery has been excellent ( > 95%) so far, recovering multiple representative sections of core from various aquifers for testing of physical and hydrogeological properties at accredited laboratories. Patrick Highsmith, Pure Energy Minerals CEO commented, "We now have a better understanding of the basin geology, and the geothermal system we encountered with this drilling in the southern resource area is a complexity. Drilling continues in the northern resource area and the results so far are encouraging. Subject to the completion of our ongoing drill program and updated mineral resource, we anticipate the southern resource area to contract, but due to the low-grade assumptions in that area, it should have a positive impact on the average grade of the estimated inferred resource. If that is the case, we believe higher average grades will bode well for the potential processing economics in the future." Mr. Highsmith continued with regards to the recent favorable sampling results from the northern resource area and the encouraging geology from CV-3, "We remain actively focused on definition and potential extension of the northern resource area, particularly to deeper levels, as it has markedly higher lithium grades than the south. The robust grade and saturated thickness of the brines in CV-1 combined with the progress so far in CV-3 are encouraging developments. We look forward to reporting news from the upcoming deeper holes. We are also proceeding with the mini-pilot plant and pumping tests, which are expected to commence shortly." DISCUSSION OF RESULTS FROM PHASE 2 SAMPLING

As previously reported (See Company news release dated April 14, 2016), the Pure Energy technical team developed a new sampling methodology for application in the complex geology of Clayton Valley. The phase 2 sampling data supported the viability of these techniques, as field duplicates performed very well and better geological interpretations are possible from the new data. The re-sampling results from CV-1 (northern resource area) and CV-2 (southern resource area) were consistent with previous sampling (within the normal variation of field sampling and analytical methodologies), but the thickness of the aquifers and consistency of the brine is now much better understood. In both cases, the data are consistent with the inferred resource reported in the NI 43-101 report entitled "Inferred Resource Estimate for Lithium, Clayton Valley South Project" dated July 17, 2015 (the "Inferred Resource Report") and filed on the Company's SEDAR profile. Wells CV-4, CV-5 and CV-6 were drilled and sampled in order to test the possible extent of lower grade brines inferred to be present at shallower levels further south in the basin. The technical team developed this interpretation based on data collected by previous drilling, surface geology, and seismic reflection surveys. The stratigraphic interpretation from the seismic data of relatively flat lying fluvial to lacustrine sediments, punctuated by volcanic ash layers, has been confirmed with this drilling. However, the downhole temperature, conductivity, and chemical data from the phase 2 program reveal some complexities that affect the interpretation of the southern resource area. The temperature data reveal a significant reservoir of warm groundwater in CV-4, 5, and 6, reaching maximum temperatures of approximately 35 degrees Celsius. In places, there are abrupt changes in temperature that correlate with changes in conductivity (salinity). Such data may indicate intercalated aquifers of differing solid and brine composition. CV-5 includes an upper zone of cooler fluid that contains anomalous (but not significant) lithium content, while the deeper, warmer fluids are nearly barren of lithium. The interpretation of these data is an ongoing process that will guide follow-up drilling in the southern resource area. Pure Energy geologists conducted limited carbon dioxide ("CO2") sampling of the well bores at Clayton Valley, and the preliminary results indicate that a geothermal system may be active in or near some of the southern wells. Drill cuttings and core returns from CV-4, CV-5 and CV-6 yielded geological materials that are consistent with brine-bearing aquifers elsewhere beneath Pure Energy's CVS Project. These formations include intervals of volcanic ash, tuff, and laminated reduced silts and clays. It is therefore likely that the southern resource area has a similar depositional history to lithium-rich areas farther north. However, the fluid data strongly suggest that, at shallower levels, this section of the property is being heavily influenced by a source of hotter, lower density water with low lithium contents and a different geochemical signature. The source of this warmer, less-mineralized water is not well understood at present, as the seismic data did not highlight any significant intra-basin faulting or obvious pathway for migration. The seismic and gravity data at CVS indicate that the basin extends to depths of 1,500 metres (4,900 feet) or more in the southern portion of the property. Nothing in the data from CV-4, CV-5, or CV-6 eliminates the prospectivity of the southern basin at depth. In fact, saline brines are higher density than fresh or brackish water and therefore tend to sink. Since the Company believes that the source of the lithium in the Clayton Valley brines is a large scale geological feature, Pure Energy will likely return to test the deep potential in the southern resource area after better defining the higher-grade northern resource area with the phase 3 drilling now underway.  DISCUSSION OF GEOLOGY AND PRELIMINARY INDICATIONS FROM PHASE 3 DRILLING

By contrast to the southern area, CV-3 has yielded some positive preliminary indications in the northern resource area. The core drilling has penetrated several saturated ash and tuff layers deeper in the basin than previously observed. These alternating sequences of volcanic ash/tuff with sandy and silty units are typical of the aquifers reported to host productive brine zones at the nearby Silver Peak lithium brine mine. Figure 1 shows some of the ash layers (paler white and buff zones), lacustrine silts (green/grey sections) and steep fractured zones that have been drilled in CV-3 on the Clayton Valley South lithium brine project. Following the completion of CV-3, the Company is planning two additional wells in the northern resource areas as part of the phase 3 drill program. Drillers will most likely employ mud rotary techniques in these wells targeting depths in excess of 500 metres. The Company will incorporate completed results from the phase 2 and phase 3 drill programs in an updated mineral resource for the Project during summer. TELECONFERENCE WITH COMPANY MANAGEMENT

Pure Energy Minerals will host a conference call on Wednesday, May 11, 2016, at 3:00pm Eastern Daylight Time to discuss these results and upcoming activities. The conference call is open to any investor or stakeholder, including shareholders, broker-dealers and other securities professionals. Management will accept questions by e-mail; to submit one or more questions, please email your question to: [email protected] with the words "Investor Question for Conference Call" in the subject line before 9:00 AM Eastern Daylight Time, Wednesday May 11, 2016. Pure Energy management will endeavour to address as many questions as possible in the thirty-minute time period allocated to the call. A recording of the call will be available for review at the Company's website shortly after the call. To participate in the call, please use the following login Web link or telephone number:

Join the call via the Web at: http://pureenergyminerals.enterthemeeting.com/m/ZCGTC4BQ Dial-In Number: (949) 229-4400; Participant Code: 3682314#

Participants are requested to call in at least 10-minutes before the call to ensure timely participation. Quality Assurance and Quality Control Analytical data reported in this news release were generated by Western Environmental Testing Laboratory ("WETLAB") of Sparks, Nevada. WETLAB is accredited by the Nevada State Division of Environmental Protection for determination of lithium, magnesium, and other elements in non-potable water by method EPA 200.7. The lab employs its own quality assurance program to ensure accuracy and precision of its data. ALS Minerals in Vancouver, British Columbia provided systematic blind and independent check analyses on the lithium and other analytes in the phase 2 sampling program at Clayton Valley South. ALS Minerals Vancouver operates an industry leading quality management system and is accredited under ISO 17025 for provision of mineral analysis. Consistent with industry best practice, Pure Energy inserts additional blind quality control samples with every batch of samples. The data described herein have satisfied the Company's quality criteria for release. Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702), is a qualified person as defined by NI 43-101, and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Highsmith is not independent of the Company as he is an officer and director. About Pure Energy Minerals Ltd.

Pure Energy is a lithium-brine resource developer that is driven to become the lowest-cost lithium supplier for the burgeoning North American lithium battery industry. Pure Energy is currently focused on the development of our prospective CVS Lithium Brine Project, which has the following key attributes:

A large land position with excellent existing infrastructure in a first-class mining jurisdiction: Approximately 9,324 acres in three main claim groups in the southern half of Clayton Valley, Esmeralda County, Nevada. Adjacent to the only producing lithium operation in the United States (Albemarle's Silver Peak lithium brine mine).
An inferred mineral resource of 816,000 metric tonnes of Lithium Carbonate Equivalent (LCE), reported in accordance with NI 43-101.
Metallurgical and process studies underway to better understand the feasibility and economics of using modern environmentally-responsible processing technology to convert the CVS brines into high purity lithium products for new energy storage uses.

On behalf of the Board of Directors, "Patrick Highsmith"

 Chief Executive Officer Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Such forward looking statements are based upon the Company's reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Factors that could cause such differences include: changes in world commodity markets and the demand for and price of commodities, particularly lithium, unanticipated expenses in exploration programs, technical difficulties in connection with exploration and development activities, technological challenges with the extraction and processing of lithium brines, the speculative nature of mineral exploration, volatile microcap equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry, including environmental requirements. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3005444




CONTACT:

Pure Energy Minerals Limited

(www.pureenergyminerals.com)

Email: [email protected]

Telephone - 604 608 6611, ext 5





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51.66
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321.92

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Valuation & Return

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Price-to-Tangible-Book 2.99
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( Industry Median: 1.28 vs. PE: 2.99 )
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PE' s Price-to-Tangible-Book Range Over the Past 10 Years
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2.46
3.5
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( Industry Median: 1.02 vs. PE: 1.46 )
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PE' s Price-to-Median-PS-Value Range Over the Past 10 Years
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Current: 1.46
0.49
1.72
Earnings Yield (Greenblatt) % -0.27
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( Industry Median: -3.19 vs. PE: -0.27 )
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PE' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
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Current: -0.27
-0.27
6

More Statistics

Revenue (TTM) (Mil) $457.8
EPS (TTM) $ -0.47
Short Percentage of Float8.33%
52-Week Range $21.73 - 39.82
Shares Outstanding (Mil)314.34

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 1,058 1,903 2,987
EPS ($) 0.56 1.34 2.79
EPS without NRI ($) 0.56 1.34 2.79
EPS Growth Rate
(Future 3Y To 5Y Estimate)
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Dividends per Share ($)
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