MMTE Time Line copy and pasted from ihub
07/09/10 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that it has signed a Memorandum of Understanding with Salt Gold Inter Chile Limitada, of Chile, regarding its high concentration lithium concessions.
Salt Gold Inter Chile Limitada lithium concessions are found in the North West region of Chile in the heart of the Lithium belt stretching across Bolivia, Chile and Argentina.
"To date surface sampling has been completed over almost all the entire concession," commented Mr. William Lieberman, President of Mammoth Energy Group. "We expect to announce our developments in the immediate future and look forward to the analytical results."
Mammoth Energy Group Signs First Letter of Intent to Acquire Lithium Concessions of Salt Gold Inter Chile Limitata of Chile
Mammoth Energy Group to Acquire 49% of Chilean Lithium Concessions at Salar de Maricunga
07/30/10 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) 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.
08/17/10 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that it has signed a Memorandum of Understanding with Salt Gold Inter Chile Limitada, of Chile, to acquire the remaining 51% of the project.
Mammoth Energy Group Inc. has already signed a Letter of Intent to acquire the first 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 to Acquire Remaining 51% of Chilean Lithium Concessions at Salar de Maricunga
Sep. 1, 2010 (Marketwire) --
Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that it has signed a Letter of Intent to acquire fifty-one (51%) 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.
"We are very pleased to be finalizing our intentions with Salt Gold Inter Chile Limitada 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.
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," said William Lieberman.
Mammoth Energy Group to Initaite Chilean Subsidiary
Alternative Energy Mining Company Currently Under Negotiation With Seven Other Lithium Developments
11/18/10 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) a lithium and alternative energy mining company with concessions located near Copiapo, Chile, announced today that it is in the process of creating a Chilean subsidiary to handle its lithium developments.
The company expects that this subsidiary will formalize its agreements imminently. The new company once finalized will be named LithiumInvestments S.A.
"This is the next step for us as we move into 2011 and as we begin to initiate the development of lithium," said William Lieberman
Mammoth has signed a Letter of Intent with Salt Gold Inter Chile Limitada whose 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. Mammoth is currently under negotiation with seven other lithium developments whose total acreage may exceed 15,000 hectares.
Mammoth Energy Group Under Final Negotiations
Alternative Energy Mining Firm in Final Due Diligence in Chile
12/08/10 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that it is in the final stages of negotiations for lithium concessions in Chile. The firm is currently working with its Chilean lawyers to finalize the formation of its Chilean subsidiary and in completing final due diligence on all properties under negotiation.
Mammoth has signed a Letter of Intent with Salt Gold Inter Chile Limitada whose concessions are located in the Salar de Maricunga. The company is currently speaking with five other local Chilean and Canadian companies to acquire mining rights and concessions. The company expects its entire lithium package once complete will total acreage of approximately 12,500 hectares or close to 31,000 acres. The value of acres in Chile has been estimated to be $10,000 to $30,000 depending on lithium concentration levels.
Mammoth Chief Executive Officer William Lieberman stated, "It's been a long and tiring process over the last eight months, but 2011 will establish Mammoth Energy Group as a leading Lithium
miner with significant concessions finalized in Chile. We appreciate the patience and time that our shareholders have given us throughout the year. Terms of the deal will be announced in the immediate future."
03/11/11 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) (www.mammothenergygroup.com), a lithium and alternative energy mining company, announced today that it is actively seeking investment and public relations companies for the financing for its lithium concessions in Chile.
The company is in final stages of negotiations and intends to announce acquisitions of its Chilean concessions by the end of the first quarter with quick plans to up list to the OTC-BB market.
Mammoth Energy Group (www.mammothenergygroup.com) has signed a Letter of Intent with Salt Gold Inter Chile Limitada, whose concessions are located in the Salar de Maricunga. The company expects its entire lithium package once complete will total acreage of approximately 12,500 hectares or close to 31,000 acres.
April 27, 2011 /PRNewswire/ -- Mammoth Energy Group Inc. (PINK: MMTE), a lithium and alternative energy mining company, announced today that it intends to increase its investment and intends to acquire a total of 3500 Hectares or approximately 8645 acres in the Salar de Maricunga located near Copiapo, Chile.
"Once the Salar de Maricunga, our first acquisition, is completed we will focus on the roll out of additional acquisitions across Chile and Argentina that we have been working on for sometime," announced William Lieberman, President of Mammoth Energy Group.
The company is currently working with Philippi, Yrarrazaval, Pulido & Brunner, a leading Chilean mining firm who is completing the due diligence and the final transaction documents on this initial transaction.
Mr. Lieberman added, "Working overseas or in any foreign country can sometimes have its challenges and we have always been focused on building shareholder value over the long run and will continue to do so."
The acquisition, once completed, will have 43-101 compliant lithium values of 1000 mg/l. The Salar de Maricunga is a world class lithium asset with similar lithium values as the Salar de Atacama, which is currently mined by Sociedad Quimica y Minera S.A.
May 10, 201[/b]1 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that it has released its first quarter financials.
The financials are available at www.otcmarkets.com/stock/MMTE/financials
The Company is in acquisition talks for the purchase of lithium assets located throughout Chile. Once complete the Company intends to be one of the leading lithium claim holders in Chile by total acreage.
The Company re-confirms that the legal name of its Chilean Subsidiary will be Compania Lithium Investments Limitada. Compania Lithium Investments Limitada will acquire leading exploration claims throughout Chile. The Company is completing its final due diligence over the next two weeks and intends to announce its first acquisition.
May 18, 2011 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that it has completed its due diligence on its lithium acquisitions.
"We have finalized our transactions and expect to announce our first Chilean acquisition in the upcoming days," said William Lieberman, President of Mammoth Energy Group.
May 26, 2011 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that its wholly owned subsidiary Compania Lithium Investments Limitada of Chile has acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 Hectares) in the southern section of the Salar de Maricunga basin located in the province of Copiapo, Chile.
Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.
May 31, 2011 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that its wholly owned subsidiary, Compania Lithium Investments Limitada of Chile, has signed a Letter of Intent to acquire seven concessions for a total of 4695 acres (1900 hectares) of lithium concessions located in the Salar de Pujsa.
"The Salar de Pujsa is located in the north east corner of Chile, close to the borders of both Boliva and Argentina, approximately thirty-five miles away from the Salar de Atacama, one of the largest mined lithium reserves in Chile," said William Lieberman, President of Mammoth Energy Group. He added, "The Salar de Pujsa has similar geology to the Salar de Atacama where lithium concentrations average between 500 to 750 ppm lithium and 9000-10000 ppm for potassium and is the largest lithium brine mined in the world."
Mammoth Energy Group's Compania Lithium Investments Limitada has already acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 Hectares) in the southern section of the Salar de Maricunga basin located in the province of Copiapo Chile. The company is currently reviewing potential acquisitions and Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.
Jun 03, 2011 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that its wholly owned subsidiary Compania Lithium Investments Limitada of Chile has signed a Letter of Intent to acquire six concessions for a total of 2471 acres (1000 hectares) of lithium concessions located in the Salar de laco in northeast Chile.
"The Salar de laco is approximately 10 miles from the border of Argentina and approximately fifty miles away from the Salar de Atacama, Chile's largest mined lithium reserve," said William Lieberman, President of Mammoth Energy Group. He added, "With the Salar de laco and Salar de Pujsa LOI's currently in place, we are continuing our acquisition hunt to become one of the largest international holders of Lithium concessions in Chile."
The Salar de laco has similar geology to the Salar de Atacama where lithium concentrations average between 500 to 750 ppm lithium. The company intends to begin pursuing Canadian National Institute 43-101 compliant geographical reports on all of its announced acquisitions and current projects in negotiation.
Lieberman added, "Past geological reports have been done on the Salar de laco and the company is currently studying the concentration levels, but in past testing lithium concentration levels have averaged between 9-20 mg/l of lithium."
Mammoth Energy Group's Compania Lithium Investments Limitada has already acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 Hectares) in the southern section of the Salar de Maricunga basin located in the province of Copiapo, Chile. The company has signed letters of intent to acquire an addtional 7165 acres (2900 hectares) of lithium reserves. The company is currently in acquisition mode and Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.
June 13 , 2011
Completion of Acquisition or Disposition of Assets, Including but not Limited to Mergers.
Mammoth Energy Group Inc. (PINK: MMTE) a lithium and alternative energy mining company
announced today that it acquired Compania Lithium Investments Limitada in an exchange of
125,000,000 shares of restricted common stock for 99.9% of Compania Lithium Investments Limitada.
Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining
assets in Chile on behalf of Mammoth Energy Group Inc. Compania Lithium Investments Limitada of
Chile has acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 Hectares) in the
southern section of the Salar de Maricunga basin located in the province of Copiapo, Chile. The company
completed this acquisition on May 23, 2011.
Mammoth Energy Group, Inc. will operate this acquisition as majority owned subsidiary. This acquisition
is a related party transaction since Mammoth has acquired its majority stake in the acquisition from
William Lieberman, CEO of Mammoth. Mr. Lieberman exchanged all of his 99.9% ownership to the
Company.
Mammoth Energy Group Inc. acquired Compania Lithium Investments Limitada in an exchange of
125,000,000 shares of restricted common stock for 99.9% of Compania Lithium Investments Limitada.
Jun 28, 2011 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that its wholly owned subsidiary Compania Lithium Investments Limitada of Chile has acquired seven concessions for a total of 4695 acres (1900 hectares) of lithium concessions located in the Salar de Pujsa. With this additional acquisition Mammoth Energy Group has acquired more than thirteen thousand (13,000) acres of salar exploration rights in Chile.
Mammoth Energy Group's Compania Lithium Investments Limitada has already acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 Hectares) in the southern section of the Salar de Maricunga basin located in the province of Copiapo, Chile. The company is currently in acquisition mode and Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.
"This acquisition solidifies our commitment to moving forward and we will be continuing our acquisition hunt and looking for the right strategic partners on additional lithium assets," said William Lieberman, President of Mammoth Energy Group.
The Salar de Pujsa is located in the north east corner of Chile, close to the borders of both Boliva and Argentina, approximately thirty-five miles away from the Salar de Atacama, Chile's largest mined lithium reserve.
Jun 30, 2011 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) (www.mammothenergygroup.com), a lithium and alternative energy mining company, announced today that its wholly owned subsidiary Compania Lithium Investments Limitada of Chile has acquired another six concessions for a total of 2471 acres (1000 hectares) of lithium concessions located in the Salar de Laco. With this additional acquisition Mammoth Energy Group has acquired more than fifteen thousand (15,000) acres of salar exploration rights in Chile.
Mammoth Energy Group's Compania Lithium Investments Limitada has already acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 Hectares) in the southern section of the Salar de Maricunga basin located in the province of Copiapo, Chile. In addition the company has acquired seven concessions for a total of 4695 acres (1900 hectares) of lithium concessions located in the Salar de Pujsa. The company is currently in acquisition mode and Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.
"We are very pleased to have these first three properties finally acquired and expect to move quickly on facilitating all geological drilling tests for identifying concentration levels to the standards of NI 43-101," said William Lieberman, President of Mammoth Energy Group. He also added, "We have identified additional properties that suit our interests at stake and we expect to continue our acquisition phase into the third and fourth quarters of this year."
The company expects to have all information related to all of its acquisitions on its website in a timely manner.