posted
MMTE, News after the bell on friday. This one is set up for a huge run this week. Last week the stock traded with some nice buys and closed on friday +14% @ .0008 I think we are going to see some big gains on this one in the am. Looking at the charts I see that the Mac D line is taking a curve north and the Rsi line is heading back into bullish territory. We have some weak resistance of the 20 day MA@ .0009 but i think we should have no broblem breaking through that and we should be seeing some .0015 and .0016s. With this great Pr I think this is going to give the push the comapny needs and put us back into see some great volume and gains here. Lithuium is in great demand as the solar and alternative energy industry is soaring right now. Lithium batteries are the one clean and reusable source of power that is being researched and deleloped everyday and imo this company is going to be moving foward into bigger and better places. Here is the latest news so you can start doing some dd. Good luck all!!
NEW YORK, NY--(Marketwire - 07/30/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that it has signed a Letter of Intent to acquire forty-nine percent (49%) of the outstanding stake of Salt Gold Inter Chile Limitata's concessions in the Salar de Maricunga located in the Atacama desert near Copiapo, Chile.
"We are very pleased to be making this first of many announcements on the official signing of the Letter of intent to acquire Salt Gold Inter Chile's lithium concessions," announced William Lieberman, President of Mammoth Energy Group. "This is the first of many strategic moves for Mammoth Energy Group," he added.
Salt Gold Inter Chile Limitata lithium concessions consist of 1008 acres in the Salar de Maricunga. Preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium -- potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium.
"Depths at the Salar de Maricunga average 100 Meters or 300 feet and currently acres are valued around $30,000 USD," said William Lieberman.
Posts: 221 | Registered: Sep 2009
| IP: Logged |
posted
Mammoth Energy Group Signs Financial Advisory Agreement With GR WHITE Capital Ltd of Canada
Share retweet EmailPrint..Companies:Mammoth Energy Group, Inc..Related Quotes Symbol Price Change MMTE.PK 0.0006 0.0000
{"s" : "mmte.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Mammoth Energy Group, Inc. On Friday August 13, 2010, 4:15 pm EDT NEW YORK, NY--(Marketwire - 08/13/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today it has signed an advisory agreement with GR WHITE Capital Ltd. of Toronto, Ontario Canada to advise on the raising of up to $30 million for its lithium projects in Chile.
GR WHITE Capital Ltd. is led by Mr. Grant White, the former head of investment banking at Blackmont Capital in Toronto, Ontario Canada. GR WHITE Capital Ltd. is an advisory services company with a primary focus on natural resource companies worldwide including mining. At Blackmont, Mr. White was head of investment banking where his department was involved in over $1 billion of natural resource and mining transactions.
Mammoth Energy Group Inc. has signed a Letter of Intent to acquire forty-nine percent (49%) of the outstanding stake of Salt Gold Inter Chile Limitada's concessions in the Salar de Maricunga located in the Atacama Desert near Copiapo, Chile.
Salt Gold Inter Chile Limitada lithium concessions consist of 1008 acres in the Salar de Maricunga. Preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium -- potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium. Depths at the Salar de Maricunga average 100 Meters or 300 feet and currently acres are valued around $30,000 USD.
"We are very pleased to be moving forward with Mr. White, his team is top notch and with his extensive track record, Mammoth Energy Group is moving in the right direction," said William Lieberman, President of Mammoth Energy Group.
Mammoth Energy Group Inc is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.
Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission
Posts: 141 | From: new jersey | Registered: Oct 2009
| IP: Logged |
posted
Mammoth Energy Group Comments on Lithium Regulatory Changes in Chile
Share retweet EmailPrint..Companies:Mammoth Energy Group, Inc..Related Quotes Symbol Price Change MMTE.PK 0.0006 0.0000
{"s" : "mmte.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Mammoth Energy Group, Inc. On Monday August 16, 2010, 7:45 am NEW YORK, NY--(Marketwire - 08/16/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that it agrees that Chile must change its lithium-related regulations in order to guarantee long-term access to lithium and emerge as a global leader in the rapidly growing industry.
These comments were echoed by panelists focusing on Chiles Mining laws sponsored by the industry group Sonami (Sociedad Nacional de Mineria de Chile) last week in Santiago.
Currently, Chile's government classifies lithium as a strategic resource, allowing the state to regulate production of the metal.
"Most manufacturers, especially auto companies, are seeking long-term agreements, something that most Chilean firms, cannot provide due to the regulations," said William Lieberman, President of Mammoth Energy Group. "The auto markets of Latin America including the large markets of Brazil and Mexico, will move quickly to electric powered cars with the close proximity of Chilean resources," he added.
Lithium is a key component in rechargeable batteries that power laptop computers, digital cameras and cell phones and electric powered cars.
Mining Minister Laurence Golborne said he would like the lithium industry to grow in coming years, signaling reforms to current legislation that could open the industry to other players.
Mammoth Energy Group Inc. has signed a Letter of Intent to acquire forty-nine percent (49%) of the outstanding stake of Salt Gold Inter Chile Limitada's concessions in the Salar de Maricunga located in the Atacama Desert near Copiapo, Chile.
Salt Gold Inter Chile Limitada lithium concessions consist of 1008 acres in the Salar de Maricunga. Preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium -- potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium. Depths at the Salar de Maricunga average 100 Meters or 300 feet and currently acres are valued around $30,000 USD.
Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.
Posts: 141 | From: new jersey | Registered: Oct 2009
| IP: Logged |
posted
Mammoth Energy Group Comments on Launch of Lithium ETF
LIT Has Topped $20 Million in Assets and Regularly Sees Daily Trading Volumes North of a Million Shares NEW YORK, NY, Aug 23, 2010 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that the new Lithium ETF, sponsored by Global X, already a fast-growing exchange traded fund (ETF) provider, has made its biggest impression on the market yet by offering a lithium ETF. It's the first product that gives investors a way to get exposure to this rare but increasingly popular metal. The fund itself is about evenly split between lithium producers and battery producers, with the heaviest weights given to the lithium industry's largest producers, who make up 44% of the fund's assets. The United States is the largest country weighting at 49%. Chile, the world's largest producer of lithium, is 20% of the fund. Japan, Canada, France and Australia all have smaller weightings.
"We expect Global X and the ETF Lithium fund to take serious notice as the development of the Salar de Maricunga moves forward," said William Lieberman, President of Mammoth Energy Group.
Mammoth Energy Group has signed a Letter of Intent to acquire 49% of Salt Gold Inter Chile Limitada and a Memorandum of Understanding to acquire the remaining shares. Salt Gold Inter Chile Limitada lithium concessions are located in the North West region of Chile in the heart of the Lithium belt stretching across Bolivia, Chile and Argentina. Initial test wells have confirmed average brine concentrations with grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm lithium and 9000-10000 ppm for potassium
Posts: 221 | Registered: Sep 2009
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
