Pure Energy Minerals Ltd. (TSXV: PE | OTCQB: PEMIF) has appointed of Mr. Joseph E. Mullin as president and chief executive officer, effective immediately. Mr. Mullin initially joined the board of directors of Pure Energy Minerals Ltd. in November of 2020.
Pure Energy Director, Mary Little, commented, “We are very pleased that Joe Mullin will be stepping into the president and CEO role at Pure Energy during this important time as the company and its partner, SLB Corp., move the Clayton Valley lithium brine project and DLE pilot plant forward. Joe brings to the company a strong background in financial markets, the ability to position the company for future opportunities, and prior experience managing mineral exploration companies.”
Mr. Mullin has over 25 years of experience in corporate finance, private equity, restructuring, and early-stage mineral exploration. He is the president and CEO of Rise Gold Corp., the managing member of Mount Arvon Partners LLC, and is currently an independent director of FireFox Gold Corp.
Mr. Mullin was previously the president of Virginia Energy Resources Inc. and led its sale to Consolidated Uranium Inc. Prior to that, he served as CEO of QuestEx Gold & Copper Ltd. for over two years leading up to its sale to Skeena Resources Ltd.
He began his career as a financial analyst at Goldman Sachs, and subsequently worked at Invesco Ltd. and Millennium Global Investments Ltd. Mr. Mullin’s experience in the metals and mining space spans across the US, Canada, Brazil, and Europe.
Additionally, Pure Energy has granted 1,214,820 incentive share purchase options to officers, directors, and consultants, in concordance with the company’s incentive share purchase plan. Each option entitles the holder to acquire one common share of the company at an exercise price of C$0.83 per common share until 4 October 2028.
Following the grant of options, the company now has a total of 2,371,486 options issued representing 7% of the company’s outstanding shares. As part of his compensation, the company will offer Mr. Mullin stock options and incentive performance bonuses.
To find out more, please visit www.purenergyminerals.com
To read more articles like this, please visit www.theassay.com/news
