Pure Energy Minerals announced that, effective March 6, 2026, board member Daniel Barnowski has resigned from his position. William Morton expressed his gratitude for Barnowski's past contributions and wished him all the best for the future.
Pure Energy announced the results of its Annual General Meeting held on December 19, 2025. All resolutions were approved, with 10,700,467 shares cast, representing approximately 31.50% of the issued shares. William Morton was newly appointed as a director, and the board will consist of five members. Baker Tilly WM LLP was reappointed as auditor, and a new long-term incentive plan was approved.
William Morton has been appointed President and CEO of Pure Energy Minerals, effective November 24, 2025. He has professional experience at WL Ross & Co., where he oversaw a clean energy infrastructure fund. Morton holds degrees from Yale University and Columbia Law School. The Board of Directors has accepted Joseph Mullin's resignation as CEO and Director, effective November 20, 2025. Morton has been granted 364,228 stock options with an exercise price of $0.30 per share, expiring on November 20, 2030.
In addition, Pure Energy Minerals has appointed Cam Hodge, Senior Vice President of Schlumberger, to its board of directors. He will lead the commercial and business development of Schlumberger's new energy platform, which includes technologies such as carbon capture, hydrogen, and geothermal energy. Patrick Galetti will step down from the board.
Pure Energy has appointed Yu-Wei Hong to its board of directors. Hong currently represents Lithium X Corp. He has over 15 years of experience in management, investment, and consulting, and previously served as Vice President of EVE Energy. A Chartered Financial Analyst (CFA), Hong will succeed Yuan-Kai Mao on the board.
Mary Little stepped down from the board on October 21, 2024, and will continue to serve as an advisor to the company. CEO Joseph Mullin emphasized that thanks to Little's leadership, the company was able to advance its lithium brine project in Clayton Valley, Nevada.
Schlumberger has met the conditions for acquiring ownership of the Clayton Valley lithium brine project in Nevada, and Pure Energy will receive a 3% royalty on the net smelter revenue. CEO Joseph Mullin stated that he is delighted to partner with Schlumberger to contribute to the development of clean energy technologies.
