Pure Energy Minerals Limited

PE.V

Industrial Materials · Basic Materials

Price

C$0.18

-0.04 (-20.00%)

Market Cap

C$6.1M

Exchange

Toronto Stock Exchange Ventures

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Share count rising — dilution

+4.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 32.5M (2021) → 34.0M (2025)

Pure Energy Minerals Limited focuses on the acquisition, exploration, and development of various mineral properties. Its primary venture is the Clayton Valley lithium brine project, a key asset encompassing 950 claims spread across approximately 23,360 acres, strategically located within Clayton Valley, Esmeralda County, Nevada. Established in 1999, the company initially operated under the name Harmony Gold Corp. before officially changing its corporate identity to Pure Energy Minerals Limited in October 2012. The firm's corporate headquarters are situated in Vancouver, Canada.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-100.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Cash Position

Cash flow positive

$14M cash & investments

Quarterly Free Cash Flow

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Pure Energy Minerals Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin

0.0%

Thin — 0.0% gross margin

Operating Margin

-43.2%

Losing money on operations — -43.2%

ROCE

-0.7%

Weak — -0.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+2.6%

Nearly flat sales (2.6% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

N/A

Data not available

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-19.2%

Burning cash (-19.2%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.00

Conservative — low debt load (0.00)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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