Pure Resources Limited announces sale of Järkvissle nr 100 and relinquishment of Bergby nr 100

Pure Resources Limited (ASX: $PR1) has sold Järkvissle nr 100 to Asera Mining AB for €130,000 and relinquished its exploration claim over Bergby nr 100. The sale of Järkvissle, alongside the recent divestment of Kast and Kova Lithium projects in Finland, validates Pure's corporate strategy of reducing exposure to the suppressed Lithium sector and focusing on highly prospective battery metals projects.

Executive Chairman, Mr Patric Glovac, comments on the sale of Järkvissle and corporate strategy

We are excited to announce the successful sale of Järkvissle, as part of our strategic initiative to reduce exposure to the depressed Lithium sector and streamline our focus on highly prospective battery metals projects. This divestment, alongside the recent sale of Kast and Kova, not only underscores the viability of our corporate strategy but also optimizes our operational efficiency by consolidating our presence in fewer jurisdictions. The sale of Järkvissle to Asera for €130,000 represents a prudent decision to allocate resources where they can deliver the most value. We are currently reviewing complementary and value accretive projects for acquisition and will update the market as they advance.

Summary of Pure Resources' sale of Järkvissle nr 100 and outlook

Pure Resources Limited (ASX: $PR1) has successfully sold Järkvissle nr 100 to Asera Mining AB for €130,000 and relinquished its exploration claim over Bergby nr 100. This aligns with Pure's corporate strategy to reduce exposure to the suppressed Lithium sector and focus on highly prospective battery metals projects. The recent divestments of Bergby, Järkvissle, Kast, and Kova reduce the number of jurisdictions that Pure operates in and will reduce the operational costs of the Company. Pure is currently reviewing complementary and value accretive projects for acquisition, demonstrating the Company's determination to add Lithium, Rare Earths, or Graphite to its portfolio.