Sunday, February 27, 2011 6:27:20 PM
MMTE FULL DD MUST READ
1.NEW YORK, NY -- (MARKET WIRE) -- 09/01/10
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.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.
Property valued
31k acres x $10K = $310 000 000
31k acres x $20k = $620 000 000
31k acres x $30K = $930 000 000
Book value MUST SEE
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60345591
2. Acquisition finalized news expected any day!!!!
NEW YORK, NY -- (Marketwire) -- 02/23/11 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE)The company is currently speaking with five other local Chilean and Canadian companies to acquire mining rights and concessions.
The company is in final stages of negotiations and expects 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.
3.ABOUT Salar De Atacama Desert
Chile’s Desert Key Source To Growing Demand Of Lithium
Chile’s Salar de Atacama desert is a major source for the world’s lithium, key ingredient in the batteries we use in our laptops, cell phones and other gadgets every day. And, key ingredient in batteries for a growing selection of electric and electric hybrid cars. As the demand for battery-powered devices increases, so does the demand for lithium and therefore the earthly resources that provide it. Check out this video from CBS about the production and demand.
Chile’s Salar de Atacama desert
Who says the mountainous dry rugged surface is worthless and adds no wonder? It is time to prove it wrong! Believe it or not, the natural monument Salar de Atacama, the largest salt flat in Chile, has made everyone dumbstruck. Located 55 km South of San Pedro de Atacama, this natural monument stands as an extra-ordinary landscape well characterized by its extensive saline coasts, natural reserve of minerals and a territory of great depressions.
The Salar de Atacama is the largest evaporating pool of Chile with a surface that surpasses 3000 square kilometers. Underneath the white and rough surface of Salar there is a big salt lake hidden by the thickness and the rough scab of salt that boast of containing the greater lithium reserves of the world.
The environs of Salar not only add extra mileage to its scenic beauties and spectacular chasm but also boast of some greatest attractions. With several archeological deposits, it has gained huge praises among the international archeologists.
“This is one of the most spectacular views that you will ever see. The Laguna Verde (Green Lagoon) is a salt lake in the southwest of the altiplano of Bolivia, on the Chilean border at the foot of the volcano Licancabur. Its colour is caused by sediments, containing copper minerals. It is elevated some 4,300 m (14,000 ft) above sea level.”
Volcan Licancabur-Antofagasta
To the east, it is enclosed by the main chain of Andes, while to the west lies a secondary mountain range of the Andes called Cordillera de Domeyko. To the eastern side of the Salar de Atacama you will find some large volcanoes dominating the landscape including Licancabur, Acamarachi and the Lascar, forming a generally north-south trending line of volcanoes that separate it from smaller endorheic basins.
As we shift towards electric cars, specifically towards electric cars utilizing lithium batteries, the production of the substance- how, where, and under what conditions – will be something to keep an eye on, especially considering:
“Energy analyst Ben Johnson said, “it looks very similar to an OPEC-style cartel. It’s highly concentrated. The various producers are very secretive about their expansion plans and about their pricing movements.” ”
Thinking that lithium is the next oil is probably an overreaction right now. Because lithium hasn’t ever been used to the extent oil has, exploration for sources hasn’t been conducted on the same level. There could be numerous unknown sources for it that would mitigate a rush to monopolize the currently known sources. Plus, the paranoia about producers being secretive about expansion plans…well, that’s true for most businesses.
Also, as Mike points out, the parallel with oil is not perfect either; a barrel of oil doesn’t last long, but a lithium-ion battery can last many years and then be recycled.
Nonetheless, while we often pay particular attention to the use of minerals like cassiterite and coltan in the production of gadgets, as these are minerals also mined from conflict zones like the Democratic Republic of the Congo, it’s clear we need to pay added attention to the sources of other materials like lithium that seem more benign, for now.
4.Chile Plans to Open Up Lithium Mining, Minister Says (Update3)
April 30, 2010, 4:45 PM EDT
Chile’s government plans to send a bill to congress that would remove lithium’s status as a strategic resource, allowing foreign companies to compete with top world producer Soc. Quimica y Minera de Chile SA.
The government will meet with representatives of the lithium industry to discuss the proposal, Mining Minister Laurence Golborne said today in an interview in Santiago. Lithium is used in anti-depressant drugs and in batteries for iPods and mobile phones.
“Opening up exploitation has advantages for any industry,” Golborne said, without elaborating. He said the government will meet with industry participants who have raised “objections” to the plan.
Changing the status of lithium mining would allow companies to compete with Soquimich, based in Santiago, and Rockwood Holdings Inc., based in Princeton, New Jersey. They control 70 percent of the world’s low-cost lithium from a salt flat in Chile’s Atacama Desert.
“It brings a lot of noise and uncertainty to the industry and potentially it’s a killer for Soquimich and Rockwood,” said Cesar Perez, managing director of Celfin Capital SA, who rates Soquimich a “buy.”
Soquimich fell as much as 103 pesos or 0.6 percent today and closed at 18,800 pesos in Santiago. Rockwood fell as much as 0.9 percent and closed at $29.94 in New York. The stock has risen 143 percent in the past 12 months.
Retain Restrictions
Chile’s government should retain restrictions on lithium mining because there is an “abundance” of the metal’s reserves in the world, Soquimich’s Chief Executive Officer Patricio Contesse told reporters yesterday.
Chile decreed in 1979 that only state-owned companies can tap lithium found in pools underneath salt lakes in the desert, Contesse said. Chile is the only country in the world that restricts lithium mining, he said.
5.The Future for lithium ?
Posted Oct 14th 2010 12:30PM by Steven HalpernSteven Halpern RSS Feed
Filed under: Newsletters, ETF Investing, Commodities, Stocks to Buy, Green Stocks, Obama Picks
"The real magic behind lithium is that, pound for pound, this featherweight metal can store more electric energy than just about any other material," notes Nathan Slaughter.
The editor of The ETF Authority explains, "That has made lithium the battery maker's best friend. And portable electronics, power grid infrastructure and hybrid vehicles are a powerful 1-2-3 punch that could send demand soaring.
"Unlike gold, silver and other metals, it's virtually impossible to invest directly in lithium. There are no lithium trading pits, no futures contracts, and no way to take physical possession. Global X Lithium Fund (LIT), a recently launched exchange-traded fund, is the next best thing.
"Duracell and other manufacturers can command a premium price for lithium-based products because they have longer shelf lives and can handle heavier workloads than traditional alkaline. But the AA cells you pop in the back of your TV remote are just the beginning.
"f there's one place where components have to be both compact and powerful, it's portable electronics.
"And rechargeable lithium-ion chemistries have double the energy density of yesterday's outdated nickel-cadmium technology. So they are becoming ubiquitous in everyday products from digital cameras to portable video game consoles.
"I'm betting you've probably got some lithium with you right now. Just within the Apple family, these batteries are used to power iPads, iPods, and iPhones.
"Oh, and the MacBook Pro line of laptops uses advanced lithium-polymer batteries that are ultra-slim and capable of running 10 hours on a single charge.
"But electronic gadgets aren't the only place where lithium batteries are needed. Wind farms and solar power plants use lithium batteries to store power.
"Another growth driver on the horizon that could be even stronger: electric/hybrid vehicles.
"Investors have been piling in. When I first covered the fund's launch back in August, it held only $1.6 million in assets. Less than two months later, it has already attracted 20 times that amount.
"Roughly half the portfolio is invested in companies engaged in lithium mining and refinery. The big three, Sociedad Quimica y Minera, Rockwood Holdings and FMC, are the fund's three largest positions.
"So these aren't pure plays. But collectively, this trio accounts for approximately three-fourths of the world's lithium production.
"The rest of the fund's assets are invested in a well-rounded mix of battery makers. That includes a hefty stake in Ener1, whose manufacturing facility will soon be rolling out advanced automotive batteries for customers like Ford, GM and the U.S. army.
"You'll also get A123 Systems, which has recently landed clients such as BMW, Daimler and Navistar.
"In many respects, this industry is still in its infancy. So it's difficult to say which technologies will emerge victorious and which will become historical footnotes. That means there will be some spectacular winners in this field, but also some big losers.
"That uncertainty is the perfect environment for a well-rounded fund like LIT -- rather than place all your bets on one horse, you can spread it among 20 of the strongest contenders.
"My money says that several of these will go on to be multi-baggers within the next couple years.
"Action to Take --> The entire lithium value chain is represented here, from raw material to finished product. As demand for the metal heats up over the next couple years, I think LIT will distance itself from the broader market."
If Lithium is new clean energy, Chile's Desert Will Be Key Source
Chile's Salar de Atacama desert is a major source for the world's lithium, key ingredient in the batteries we use in our laptops, cell phones and other gadgets every day. And, key ingredient in batteries for a growing selection of electric and electric hybrid cars. As the demand for battery-powered devices increases, so does the demand for lithium and therefore the earthly resources that provide...
6. FACTS
Chile's Underground Riches - CBS News Video WATCH VIDEO
http://search.yahoo.com/r/_ylt=A0oG7mmzxmpN4DcAwFlXNyoA;_ylu=X3oDMTEyOG5oNW1kBHNlYwNzcgRwb3MDNwRjb2xvA2FjMgR2dGlkA0g0NjVfODA-/SIG=125qddv8k/EXP=1298864915/**http%3a//www.cbsnews.com/video/watch/%3fid=5299077n
Toyota Tsusho, the material supplier for the big Japanese automaker, announced a joint venture in January with the Australian miner Orocobre to develop a $100 million lithium project in Argentina. That deal came only days after Magna International, the Canadian car parts company that is helping develop a battery-powered version of the Ford Focus, announced that it was investing $10 million in a small Canadian lithium firm that also has projects in Argentina.
About 60 mining companies have begun feasibility studies in Argentina, Serbia and Nevada that could lead to more than $1 billion in new lithium projects in the next several years, while dozens of smaller projects are being proposed in China, Finland, Mexico and Canada.
The companies are competing for construction financing, and the future of most of the projects will depend on how popular electric cars eventually become. That is an open question since batteries remain expensive, recharging stations need to be developed, and consumer taste for cars that depend on regular stops at electric outlets remains untested.
“It’s moving so fast,” said Edward R. Anderson, president of TRU Group, a consultancy firm that specializes in the lithium industry. “There are a lot of people throwing money into this, and a lot of people are going to lose their money.”
In the meantime the four biggest current producers, which mine and otherwise gather lithium in Chile, Argentina and Australia, say they are planning to expand long-running projects as future demand warrants.
In Bolivia, which has almost half of the world’s reserves, the leftist government is building a pilot production plant and is drilling exploratory holes. That Bolivia is a remote, unstable country often hostile to foreign investment has helped spur interest in producing lithium in neighboring Argentina and Chile, in Australia, and in the United States. Several Canadian and American companies are making claims about future production prospects in Nevada, though few analysts foresee large-scale production from that state.
While most experts are skeptical that meaningful amounts of lithium can be produced domestically, they maintain that adequate supplies will be available from sources outside of Bolivia for many years to come and note that the biggest producer, Chile, is a dependable American ally.
Most of the lithium market serves a variety of industrial applications. About a quarter of all lithium produced is used for energy storage, in everything from cellphones to laptop computers to digital cameras.
That proportion stands to increase sharply if battery-powered cars take off. Lithium-ion batteries are the favored battery type for electric and hybrid vehicles because they carry more energy with less weight than other materials and because they lose their charge more slowly. They store about three times as much as energy per pound as a nickel-metal hydride battery.
Lithium is found in trace amounts in many places, but it is being produced commercially mainly by two methods. One is through mining and processing, a relatively expensive method that produces the metal mostly for glass, ceramics and the manufacturing of television tubes.
The more economical and significant method is through evaporation of lithium-containing brines, mostly in salt flats in the highland areas in South America and western China. Lithium reservoirs have been formed over millions of years in highland bowls, after rivers and hot springs washed over lithium-laden rocks and leached the mineral from them. Producers drill wells into the salt flats and pump the brine into evaporation ponds. With the removal of water, the lithium content in the brine increases to a level where it can be collected and shipped to a chemical plant for processing.
Several major auto companies promising to market electric cars around the world over the next few years, demand may be poised to increase. Nissan will introduce the Leaf, a five-passenger electric car, and General Motors will be introduce the Chevrolet Volt, a plug-in hybrid, within the next year.
“We believe that demand is slated to rise dramatically,” according to a recent report by the investment adviser Byron Capital Markets, predicting a 40 percent increase in demand for lithium from 2009 to 2014. Credit Suisse, in a recent report, predicted a 10.3 percent annual growth in demand for lithium between 2009 and 2020.
7. About MMTE
Mammoth Energy Group Inc.
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.
Throughout the early part of the 21st century traditional oil and gas deposits will remain an important part of laying the future of an ever expanding energy network. But there is undeniable strength towards the increasing demand in green technologies and the coming green energy revolution which will impact every person in the world. This green revolution will transform the world’s economy off the dependence of hydro-carbons and will include the commoditization of energy and the development of many new industries we can not yet imagine.
Mammoth Energy Group will be an integral link in developing energy and mining projects that take advantage of this renewable energy shift and we will help to create the coming new energy paradigm for the 21st century.
8.SHARE STRUCTURE
Good news!!!!!
NEW YORK, NY -- (Marketwire) -- 02/23/11 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that it intends to file resolutions with the state of Nevada to cancel all remaining Preferred shares issued to past management.
Outstanding Shares 4,734,229,891 as of Nov 10, 2010
*
Authorized Shares 5,000,000,000 as of Jan 7, 2011
*
Float (shares) 2,048,511,471 as of Nov 10, 2010
8.Chart
1.NEW YORK, NY -- (MARKET WIRE) -- 09/01/10
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.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.
Property valued
31k acres x $10K = $310 000 000
31k acres x $20k = $620 000 000
31k acres x $30K = $930 000 000
Book value MUST SEE
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60345591
2. Acquisition finalized news expected any day!!!!
NEW YORK, NY -- (Marketwire) -- 02/23/11 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE)The company is currently speaking with five other local Chilean and Canadian companies to acquire mining rights and concessions.
The company is in final stages of negotiations and expects 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.
3.ABOUT Salar De Atacama Desert
Chile’s Desert Key Source To Growing Demand Of Lithium
Chile’s Salar de Atacama desert is a major source for the world’s lithium, key ingredient in the batteries we use in our laptops, cell phones and other gadgets every day. And, key ingredient in batteries for a growing selection of electric and electric hybrid cars. As the demand for battery-powered devices increases, so does the demand for lithium and therefore the earthly resources that provide it. Check out this video from CBS about the production and demand.
Chile’s Salar de Atacama desert
Who says the mountainous dry rugged surface is worthless and adds no wonder? It is time to prove it wrong! Believe it or not, the natural monument Salar de Atacama, the largest salt flat in Chile, has made everyone dumbstruck. Located 55 km South of San Pedro de Atacama, this natural monument stands as an extra-ordinary landscape well characterized by its extensive saline coasts, natural reserve of minerals and a territory of great depressions.
The Salar de Atacama is the largest evaporating pool of Chile with a surface that surpasses 3000 square kilometers. Underneath the white and rough surface of Salar there is a big salt lake hidden by the thickness and the rough scab of salt that boast of containing the greater lithium reserves of the world.
The environs of Salar not only add extra mileage to its scenic beauties and spectacular chasm but also boast of some greatest attractions. With several archeological deposits, it has gained huge praises among the international archeologists.
“This is one of the most spectacular views that you will ever see. The Laguna Verde (Green Lagoon) is a salt lake in the southwest of the altiplano of Bolivia, on the Chilean border at the foot of the volcano Licancabur. Its colour is caused by sediments, containing copper minerals. It is elevated some 4,300 m (14,000 ft) above sea level.”
Volcan Licancabur-Antofagasta
To the east, it is enclosed by the main chain of Andes, while to the west lies a secondary mountain range of the Andes called Cordillera de Domeyko. To the eastern side of the Salar de Atacama you will find some large volcanoes dominating the landscape including Licancabur, Acamarachi and the Lascar, forming a generally north-south trending line of volcanoes that separate it from smaller endorheic basins.
As we shift towards electric cars, specifically towards electric cars utilizing lithium batteries, the production of the substance- how, where, and under what conditions – will be something to keep an eye on, especially considering:
“Energy analyst Ben Johnson said, “it looks very similar to an OPEC-style cartel. It’s highly concentrated. The various producers are very secretive about their expansion plans and about their pricing movements.” ”
Thinking that lithium is the next oil is probably an overreaction right now. Because lithium hasn’t ever been used to the extent oil has, exploration for sources hasn’t been conducted on the same level. There could be numerous unknown sources for it that would mitigate a rush to monopolize the currently known sources. Plus, the paranoia about producers being secretive about expansion plans…well, that’s true for most businesses.
Also, as Mike points out, the parallel with oil is not perfect either; a barrel of oil doesn’t last long, but a lithium-ion battery can last many years and then be recycled.
Nonetheless, while we often pay particular attention to the use of minerals like cassiterite and coltan in the production of gadgets, as these are minerals also mined from conflict zones like the Democratic Republic of the Congo, it’s clear we need to pay added attention to the sources of other materials like lithium that seem more benign, for now.
4.Chile Plans to Open Up Lithium Mining, Minister Says (Update3)
April 30, 2010, 4:45 PM EDT
Chile’s government plans to send a bill to congress that would remove lithium’s status as a strategic resource, allowing foreign companies to compete with top world producer Soc. Quimica y Minera de Chile SA.
The government will meet with representatives of the lithium industry to discuss the proposal, Mining Minister Laurence Golborne said today in an interview in Santiago. Lithium is used in anti-depressant drugs and in batteries for iPods and mobile phones.
“Opening up exploitation has advantages for any industry,” Golborne said, without elaborating. He said the government will meet with industry participants who have raised “objections” to the plan.
Changing the status of lithium mining would allow companies to compete with Soquimich, based in Santiago, and Rockwood Holdings Inc., based in Princeton, New Jersey. They control 70 percent of the world’s low-cost lithium from a salt flat in Chile’s Atacama Desert.
“It brings a lot of noise and uncertainty to the industry and potentially it’s a killer for Soquimich and Rockwood,” said Cesar Perez, managing director of Celfin Capital SA, who rates Soquimich a “buy.”
Soquimich fell as much as 103 pesos or 0.6 percent today and closed at 18,800 pesos in Santiago. Rockwood fell as much as 0.9 percent and closed at $29.94 in New York. The stock has risen 143 percent in the past 12 months.
Retain Restrictions
Chile’s government should retain restrictions on lithium mining because there is an “abundance” of the metal’s reserves in the world, Soquimich’s Chief Executive Officer Patricio Contesse told reporters yesterday.
Chile decreed in 1979 that only state-owned companies can tap lithium found in pools underneath salt lakes in the desert, Contesse said. Chile is the only country in the world that restricts lithium mining, he said.
5.The Future for lithium ?
Posted Oct 14th 2010 12:30PM by Steven HalpernSteven Halpern RSS Feed
Filed under: Newsletters, ETF Investing, Commodities, Stocks to Buy, Green Stocks, Obama Picks
"The real magic behind lithium is that, pound for pound, this featherweight metal can store more electric energy than just about any other material," notes Nathan Slaughter.
The editor of The ETF Authority explains, "That has made lithium the battery maker's best friend. And portable electronics, power grid infrastructure and hybrid vehicles are a powerful 1-2-3 punch that could send demand soaring.
"Unlike gold, silver and other metals, it's virtually impossible to invest directly in lithium. There are no lithium trading pits, no futures contracts, and no way to take physical possession. Global X Lithium Fund (LIT), a recently launched exchange-traded fund, is the next best thing.
"Duracell and other manufacturers can command a premium price for lithium-based products because they have longer shelf lives and can handle heavier workloads than traditional alkaline. But the AA cells you pop in the back of your TV remote are just the beginning.
"f there's one place where components have to be both compact and powerful, it's portable electronics.
"And rechargeable lithium-ion chemistries have double the energy density of yesterday's outdated nickel-cadmium technology. So they are becoming ubiquitous in everyday products from digital cameras to portable video game consoles.
"I'm betting you've probably got some lithium with you right now. Just within the Apple family, these batteries are used to power iPads, iPods, and iPhones.
"Oh, and the MacBook Pro line of laptops uses advanced lithium-polymer batteries that are ultra-slim and capable of running 10 hours on a single charge.
"But electronic gadgets aren't the only place where lithium batteries are needed. Wind farms and solar power plants use lithium batteries to store power.
"Another growth driver on the horizon that could be even stronger: electric/hybrid vehicles.
"Investors have been piling in. When I first covered the fund's launch back in August, it held only $1.6 million in assets. Less than two months later, it has already attracted 20 times that amount.
"Roughly half the portfolio is invested in companies engaged in lithium mining and refinery. The big three, Sociedad Quimica y Minera, Rockwood Holdings and FMC, are the fund's three largest positions.
"So these aren't pure plays. But collectively, this trio accounts for approximately three-fourths of the world's lithium production.
"The rest of the fund's assets are invested in a well-rounded mix of battery makers. That includes a hefty stake in Ener1, whose manufacturing facility will soon be rolling out advanced automotive batteries for customers like Ford, GM and the U.S. army.
"You'll also get A123 Systems, which has recently landed clients such as BMW, Daimler and Navistar.
"In many respects, this industry is still in its infancy. So it's difficult to say which technologies will emerge victorious and which will become historical footnotes. That means there will be some spectacular winners in this field, but also some big losers.
"That uncertainty is the perfect environment for a well-rounded fund like LIT -- rather than place all your bets on one horse, you can spread it among 20 of the strongest contenders.
"My money says that several of these will go on to be multi-baggers within the next couple years.
"Action to Take --> The entire lithium value chain is represented here, from raw material to finished product. As demand for the metal heats up over the next couple years, I think LIT will distance itself from the broader market."
If Lithium is new clean energy, Chile's Desert Will Be Key Source
Chile's Salar de Atacama desert is a major source for the world's lithium, key ingredient in the batteries we use in our laptops, cell phones and other gadgets every day. And, key ingredient in batteries for a growing selection of electric and electric hybrid cars. As the demand for battery-powered devices increases, so does the demand for lithium and therefore the earthly resources that provide...
6. FACTS
Chile's Underground Riches - CBS News Video WATCH VIDEO
http://search.yahoo.com/r/_ylt=A0oG7mmzxmpN4DcAwFlXNyoA;_ylu=X3oDMTEyOG5oNW1kBHNlYwNzcgRwb3MDNwRjb2xvA2FjMgR2dGlkA0g0NjVfODA-/SIG=125qddv8k/EXP=1298864915/**http%3a//www.cbsnews.com/video/watch/%3fid=5299077n
Toyota Tsusho, the material supplier for the big Japanese automaker, announced a joint venture in January with the Australian miner Orocobre to develop a $100 million lithium project in Argentina. That deal came only days after Magna International, the Canadian car parts company that is helping develop a battery-powered version of the Ford Focus, announced that it was investing $10 million in a small Canadian lithium firm that also has projects in Argentina.
About 60 mining companies have begun feasibility studies in Argentina, Serbia and Nevada that could lead to more than $1 billion in new lithium projects in the next several years, while dozens of smaller projects are being proposed in China, Finland, Mexico and Canada.
The companies are competing for construction financing, and the future of most of the projects will depend on how popular electric cars eventually become. That is an open question since batteries remain expensive, recharging stations need to be developed, and consumer taste for cars that depend on regular stops at electric outlets remains untested.
“It’s moving so fast,” said Edward R. Anderson, president of TRU Group, a consultancy firm that specializes in the lithium industry. “There are a lot of people throwing money into this, and a lot of people are going to lose their money.”
In the meantime the four biggest current producers, which mine and otherwise gather lithium in Chile, Argentina and Australia, say they are planning to expand long-running projects as future demand warrants.
In Bolivia, which has almost half of the world’s reserves, the leftist government is building a pilot production plant and is drilling exploratory holes. That Bolivia is a remote, unstable country often hostile to foreign investment has helped spur interest in producing lithium in neighboring Argentina and Chile, in Australia, and in the United States. Several Canadian and American companies are making claims about future production prospects in Nevada, though few analysts foresee large-scale production from that state.
While most experts are skeptical that meaningful amounts of lithium can be produced domestically, they maintain that adequate supplies will be available from sources outside of Bolivia for many years to come and note that the biggest producer, Chile, is a dependable American ally.
Most of the lithium market serves a variety of industrial applications. About a quarter of all lithium produced is used for energy storage, in everything from cellphones to laptop computers to digital cameras.
That proportion stands to increase sharply if battery-powered cars take off. Lithium-ion batteries are the favored battery type for electric and hybrid vehicles because they carry more energy with less weight than other materials and because they lose their charge more slowly. They store about three times as much as energy per pound as a nickel-metal hydride battery.
Lithium is found in trace amounts in many places, but it is being produced commercially mainly by two methods. One is through mining and processing, a relatively expensive method that produces the metal mostly for glass, ceramics and the manufacturing of television tubes.
The more economical and significant method is through evaporation of lithium-containing brines, mostly in salt flats in the highland areas in South America and western China. Lithium reservoirs have been formed over millions of years in highland bowls, after rivers and hot springs washed over lithium-laden rocks and leached the mineral from them. Producers drill wells into the salt flats and pump the brine into evaporation ponds. With the removal of water, the lithium content in the brine increases to a level where it can be collected and shipped to a chemical plant for processing.
Several major auto companies promising to market electric cars around the world over the next few years, demand may be poised to increase. Nissan will introduce the Leaf, a five-passenger electric car, and General Motors will be introduce the Chevrolet Volt, a plug-in hybrid, within the next year.
“We believe that demand is slated to rise dramatically,” according to a recent report by the investment adviser Byron Capital Markets, predicting a 40 percent increase in demand for lithium from 2009 to 2014. Credit Suisse, in a recent report, predicted a 10.3 percent annual growth in demand for lithium between 2009 and 2020.
7. About MMTE
Mammoth Energy Group Inc.
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.
Throughout the early part of the 21st century traditional oil and gas deposits will remain an important part of laying the future of an ever expanding energy network. But there is undeniable strength towards the increasing demand in green technologies and the coming green energy revolution which will impact every person in the world. This green revolution will transform the world’s economy off the dependence of hydro-carbons and will include the commoditization of energy and the development of many new industries we can not yet imagine.
Mammoth Energy Group will be an integral link in developing energy and mining projects that take advantage of this renewable energy shift and we will help to create the coming new energy paradigm for the 21st century.
8.SHARE STRUCTURE
Good news!!!!!
NEW YORK, NY -- (Marketwire) -- 02/23/11 -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that it intends to file resolutions with the state of Nevada to cancel all remaining Preferred shares issued to past management.
Outstanding Shares 4,734,229,891 as of Nov 10, 2010
*
Authorized Shares 5,000,000,000 as of Jan 7, 2011
*
Float (shares) 2,048,511,471 as of Nov 10, 2010
8.Chart
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