We have been holding a position in PUR for over 2 years now, and after a failed attempt at drilling in the Julimar province we are happy with this new advanced lithium acquisition (pending DD and shareholder approval expected in January 2023).
We participated in the $2M PUR cap raise (December 2022). We have also been following the private Argentinian lithium asset being acquired by PUR since October this year, and also have an interest in this company after participating in a pre-listing capital raise, which will convert to PUR shares post transaction.
It’s very early in PUR’s new project, but as always we may look to de-risk ~20% in the next 12 months in line with our trading policy, if the price materially re-rates on key milestones.
Read our trading policy here.
General updates from PUR
Lithium acquisition approved by shareholders [08-Feb-2023]
Lithium brine in South America's lithium triangle - update [16-Feb-2023]
Lithium project acquisition to be completed in just weeks [07-Mar-2023]