Mammoth Energy Group Inc. has acquired a controlli
Post# of 958
Posted On: 08/05/2013 10:17:10 PM
Mammoth Energy Group Inc. has acquired a controlling interest in Compania Lithium
Investments Limitada in a stock exchange. Under the agreement, the company acquired 99% of the
capital stock of Compania Lithium Investments in exchange for one hundred twenty five million
(125,000,000) shares of the Company’s common stock, approximately $225,000 USD at the time of the
stock exchange. Compania Lithium is intended to be the first operating entity of MMTE and is in the
business of mining and wholesale distribution of lithium and other minerals.
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
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