Vancouver lithium explorer Pure Energy Minerals (TSX-V:PE) has signed a memorandum of understanding (MOU) with South Korean steel product manufacturer POSCO.
The MOU will see the companies exploring potential joint ventures in two areas. The first relates to lithium exploration at Pure's Nevada-based mineral claims. The other area is investigating the commercialization of environmentally friendly extraction and processing for lithium brine.
The companies say they are aiming to enter into a definitive agreement within the next six months.
POSCO is one of the world's largest steel manufacturers. Its products are used in structures, automobiles, ships and bridges.
