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CLIL is the largest junior concession holder in the Maricunga.
MMTE 3rd largest overall concession holder
Salar de Maricunga company lithium holdings by acreage
1. SQM - 16 concessions 2nd largest acreage, total unknown
2. Codelco - 13 concessions largest acreage, total unknown
3. Mammoth Energy - 13 concessions, 8649 acres (3rd largest concession holder
4. Lithium 3 Energy - 6 concessions, 3553 acres
5. Simbalik Group - 4 concessions, 3335 acres
6. Pan American Lithium - 5 concessions, 2965 acres
7. Talison - 1 concession - 257 acres
Mammoth Energy has 3 projects in 2 of the 15 top regions in Chile
Which are the 15 most attractive salt flats for Lithium mining in Chile?
The bid process for the Lithium Special Operation Contract (CEOL for its acronym in Spanish) that will allow companies to have access to exploration and exploitation of Lithium in the country has brought into discussion the potential of Chile as Lithium producer. Currently work sites for this mineral resource extraction are located at Atacama Salt Flat, however that is only one of the 15 mining areas with highest potential and attractive for investors, as reported by a survey carried out by Mining Ministry.
In fact, from the 52 points where Lithium could be economically mineable in Chile the Atacama Salt Flat – operated by SQM and Rockwood Litio (former Chilean Lithium Society) – gathers best conditions. It is located at Antofagasta Region in a 3,000 square meter area and at 2,300 m.a.s.l. it offers a 1,500 mg/l lithium content and potential resources reaching 6.3 million tons of lithium.
In accordance with Pablo Wagner, Mining Subsecretary, Atacama “is probably one of best places in the world for these operations. The mineral content, irradiation level, and logistics, amongst other factors, are hardly found in other regions”.
However, this salt flat will not be within the scope of possibilities for CEOL bidders neither will Pedernales. Pedernales, located at Atacama Region and currently operated by Codelco with a lithium content of 400 mg/l and potential resources reaching 1.4 billion tons of lithium, and Atacama salt flats are currently granted in concession to Codelco.
Notwithstanding and despite of holding these mining concessions, the state-owned company purchased bid basis in order to study the possibility to be part of the business.
More potential in Antofagasta and Atacama
However, Atacama and Pedernales salt flats are not the only viable sites for lithium mining that are catching the interest of potential new investors.
In accordance with Wagner’ s opinion the available data indicates there are 13 sites with auspicious conditions – 9 in Antofagasta and 4 in Atacama – although, he said, the company who is awarded with the CEOL contract will have the possibility to explore and make surveys on any salt flat throughout the country.
One of these salt flats is La Isla, located in Atacama Region with a 152 km2 extension at 3,950 m.a.s.l. with lithium content of 800 mg/l and resources for 948 thousand tons of lithium.
Another flat offering an attractive mineral content is Maricunga, also located in Atacama Region, it has a 800 mg/l lithium content and 905 thousand tons of mineral. Punta Negra at Antofagasta Region is the largest one with 250 km2 extension, 350 mg/l content and resources reaching 735 thousand tons of lithium.
The rest of the list of salt flats with highest potential is completed by Aguas Calientes 2, Paonales, Quisquiro, Aguilar, Tara, Las Parinas, Pujsa, Aguas Calientes 1, Capur, and Aguas Calientes 4.
Environmental impact of new work sites
As regards to environmental impact these new operations would have on salt flats, Subsecretary recalled that CEOL contracts grant the right to explore and mine lithium “but each project must comply with the same permits as any other work site”.
However, he indicated “if we compare against metallic mining, and notwithstanding lithium extraction also uses water, we have not observed higher impact than any other mining activity, and in general, impact is even lower”.
http://www.nuevamineria.com/revista/2012/07/26/which-are-the-15-most-attractive-salt-flats-for-lithium-mining-in-chile/
MMTE's 3 projects among top 15 regions.
Link to all concessions
http://investorshub.advfn.com/uimage/uploads/2012/7/1/gkysbMMTE_all_concessions-Updated_6-30.jpg
Options are good!!!
"We have a number of potential options on the table," said William Lieberman, President of Mammoth Energy Group. "I believe that all shareholders in Mammoth Energy Group will be pleased with the direction that we intend to proceed into. We have been approached by potential joint-venture partners as well as a potential acquisition of MMTE's assets and have also been progressing on additional financing agreements. The development of the Company is a methodical process, however, we are focused on increasing shareholder value and expect to finalize the next steps for the Company."
Waiting for some cash to clear to add to my pile on Friday.
Forget .0002's at this point, not happening gonna get .0003's if they are still available, otherwise .0004's are still golden.
Mammoth Energy and SQM
Something is going on here.
Why is SQM adding concessions in the Maricunga?
In both the Maricunga and Salar de Laco, MMTE has concessions located next to the largest lithium producer in Chile. This is notable for two reasons.
1) Mammoth has some incredible lithium concessions with high profile neighbors. Adds value to our land!
2) The possibility exists that Mammoth may have the fortune of working with SQM in these regions by virtue of a joint Venture. It makes sense to do so in both projects. SQM with their new concessions will need road access and will be interested in the large Laguna Santa Rosa salar of which MMTE has its concessions.
Working with SQM means MMTE can avoid the CEOL process altogether.
Salar de Maricunga
SQM's newest concessions are directly adjacent to Mammoth's just North of Mammoth's prime concessions on the Laguna Santa Rosa.
Salar de Laco
The relationship is much more direct. We are immediately adjacent to each other. If SQM begins production plans here, we most likely will be involved (if we have not on our own already)
Overall view of Laguna Santa Rosa and Salar in the north.
Laguna Santa Rosa
I will keep monitoring this and look for more clues.
Laguna Santa Rosa
Study of drainage runoff
From the lithium 3 report they talk extensively about the drainage of runoff from the salar and its impact on the project.
In this image you will see that in the location where MMTE's concessions are located there is a large drainage basin that it is believed runoff from the salar would fill and travel to the Southeast.
More to come!
Maricunga revisit
Very good lithium results!!!, see notes :)
Read this post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75778337
Working on a JV! The cooperation of two or more individuals or businesses in which each agrees to share profit, loss and control in a specific enterprise. Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that Company President William Lieberman is leaving next week for Canada for the purpose of negotiating lithium off take and joint venture agreements.
Definition of 'Joint Venture - JV'
Mammoth Energy President Leaves for Canada to Negotiate Lithium Joint Venture Agreements
http://ih.advfn.com/p.php?pid=nmona&article=53595891
Read this post to the bottom.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78225590
See picture of Maricunga and the note above. Those doing DD can totally see what our opportunity is here. This is your chance.
Re-read the this PR.
Note the value that 31,000 acres represent on the negotiating table
Note the strategic move for a Chilean magaement team.
Note the sense of urgency, due to the CEOL timeline.
William Lieberman, President of Mammoth, stated, "Our trading activity correlates with an equity capital raise with an institutional fund where the Company raised $220,000 USD for the purchase of MMTE's lithium assets a year ago. The Company believes that the assets have increased five times in value. In contrast to other companies that claim to be in the lithium sector yet do not possess lithium assets, MMTE actually has titles and deeds for its assets which are available for verification through the Chilean Mining registries." He added. "Investors from JPMorgan Chase & Co. to BlackRock Inc. are trying to create revenue from the exploding popularity of iPads and increasing sales of hybrid cars by investing in producers of lithium for batteries," said Lieberman.
MMTE believes that the market is definitely moving forward for the lithium asset seller and the Company's focus is on getting the highest price for its lithium assets. MMTE is in the lithium business to implement the most lucrative arrangements for increasing shareholder value. It is fortunate for us that lithium prices are escalating so rapidly while worldwide supplies are so critically short.
Additionally, the Company is in the final stages of hiring South American, Chilean based management including a new President who will be able to implement many of the strategic goals for the Company.
Question is who will you believe when the JV PR comes out?
MMTE's concessions are well positioned including the hottest new prospect, the Maricunga, undoubtedly one of the prizes of the CEOL award.
Bidding War in Chile for Lithium May Create Boost for Mammoth Energy Group
http://ih.advfn.com/p.php?pid=nmona&article=53521879
Only in the case of a private company
Are we dealing with a private Company? Not likely.
True but it's also common for the private co to insist that the public company do some form of share restructuring as part of the RM. Especially true when the public co has a somewhat bloated share structure caused by a CEO who utilizes the public company as his personal ATM!
Timing is perfect!!!
Bambach, Colson and W.L. will make the right deal for MMTE and its shareholders.
Many peeps trying to manipulate to their personal advantage here. Tired of watching folks drop their shares just so some one can flip at one tick!
Don't give in!!!
Chart is looking like a huge turnaround in process
MAcD crossover confirmed
Accumualtion continues
Highly anticipated announcements coming
My opinion is, there will not be Reverse Split at this stage in the game. A JV or partnership will be announced first. Giving shareholders a chance to see their share value increase.
Just my opinion.
Time is short-An Investor must read!!!!
Chilean CEOL bid process timeline:
July 31st - bid bases submissions deadline.
Aug 1st - 20th Queries will be answered
Sept 12 - deadline for offer submissions.
Sept 24th- Award granted
Latest numbers show 54 requests for info have been made to Wagner's office, this shows that there is huge interest here.
Answers to JV's, partnerships coming soon!!!!!!
Potential Stakeholders
Li3 Energy (OTCBB:LIEG) and its partner POSCO (NYSE:PKX), the largest steelmaker in South Korea and the fourth worldwide, already have a project in the Salar de Maricunga and are among the potential bidders. Other stakeholders include Talison Lithium (TSX:TLH), Minera Copiapó linked to Samsung SDI and Francisco Javier Errázuriz, Pan American Lithium (TSXV:PL), and Simbalik. Chile-owned top copper producer Codelco is also a potential bidder, and its chairman, Gerardo Jofre, indicated that he is “interested in participating but must study whether investing in the metal would be profitable.”
The connection to to all of these companies is one very special place to MMTE. The Salar de Maricunga. It has been highly anticipated that whomever wins the CEOL bid has their sites on the Maricunga for their project, and all of the above have interests there. Question is, which one of these or any other companies want to increase their position with a stake in Mammoth's concessions?
Read this article for the timeline:
Government to grant concessions for Lithium operations at the end of September
13-06-2012 La Tercera – Noticias
Pablo Wagner, Assistant Secretary to Mining Ministry, has reiterated that contractor will receive a monthly reward equivalent to gross sales less the specific payment to be made to the State which amounts to 7% of monthly gross sales
Pablo Wagner, Assistant Secretary to Mining Ministry, stated that awarding of national and international public call for bids for Lithium Operation Special Contracts (CEOL for its acronym in Spanish) will be made in September 24.
In that opportunity he reiterated that contractor will receive a monthly reward equivalent to gross sales less the specific payment to be made to the State which amounting to 7% of monthly gross sales that will allow the Treasury to receive 50% of earnings generated.
“Nowadays we are claiming 7% of sales which is approximately equivalent to 28% of earnings plus possible 20% of the revenue we will get and other taxes, which all added up is about 50% of company earnings for tax load, i.e. what the State is receiving whether by royalty or revenue taxes concept”, he explained.
Likewise the officer mentioned that the State is expected to receive about US$350 million for each project during the contract operation period that will have 20-year duration.
Wagner also said that boosting process will start next week with presentations to investors in U.S.A., Canada, England, and Chile.
He indicated that time to obtain bid bases and submit inquiries will finish next July 31 and base value for exploitation right will be $2,500 million.
He also added that queries will be answered from August 1-20, while offers submittal may be made until September 12.
Results of administrative requirements will be delivered on September 20 in order to complete the process with the awarding being granted on the 24th of September.
Some 40 companies have purchased so far the basis for contract award special lithium mining in Chile
Santiago. - Some 40 companies have purchased so far the basis for contract award special lithium mining in Chile, said today the deputy mining minister, Paul Wagner.
Without giving names of the parties, Wagner stressed the great interest aroused among international companies and investors the use of lithium in Chile, where, according to government estimates, focuses quarter of world reserves of this mineral.
Speaking to reporters, the deputy mining minister reminded that the deadline for purchasing the basis of this tender is the deadline of July 31.
The winner may enter into with the State of Chile a special contract for operation of lithium (Ceol) for a period of 20 years for exploration, exploitation and beneficiation of the mineral deposits are concentrated in the salt mines of northern country, which extends the Atacama Desert, the driest in the world.
The Chilean Executive has used this type of contract because, although the Mining Law of 1973 defines the lithium as a strategic mineral and concesible, the Constitution provides that contracts can be made for special operations as defined substances.
In addition, the contractor shall be granted a fee of up to 100,000 tonnes of lithium metal for two decades. In return, you must market the lithium in the country or export coal from the terms and conditions that includes the Ceol.
Wagner said that with the tender, the state expects to raise about $ 350 million, through the payment of a fee equivalent to 7% of gross revenues from the sale of ore, plus a payment of five million dollars.
Regarding the participation in the process of state-owned Codelco, the world's largest producer of copper, Wagner said that "they will have to assess whether to go ahead."
"They have to evaluate your priorities considering what we have today. What is important is that the roads are open," he added.
He clarified that the Government has no interest in forcing the state mining company to take any decision, referring to the pressure exerted some lawmakers and labor unions del Cobre, in the sense that Codelco should exploit lithium.
Lithium has become a widely used material in industries such as energy, computing, mobile and, particularly, the automobile, which also used in the development of hybrid and electric vehicles.
The world lithium demand has tripled in the last ten years and, according to the National Copper Commission (Cochilco), trading on the international market has gone from 2,000 to 6,000 dollars per tonne from 2001 to today.
Chart continuing to improve!
Here's some other contenders from Canada.
International Lithium Corp. ("ILC") is a 100%-owned subsidiary of TNR Gold Corp (TNR:TSX).
Suite 620 - 650 West Georgia Street
PO BOX 11604
Vancouver British Columbia
V6B 4N9
Canada Lithium
Corporate Office: Canada Lithium Corp.
Address: 401 Bay Street, Suite 2010
Toronto, ON
Canada M5H 2Y4
Telephone: 416-361-2821
Lithium One is still my personal Favorite.
Take a look at what they accomplished for their shareholders:
Lithium One Inc. (LI:TSX.V) was my favorite amongst the advanced development stories in the lithium space. I say "was" my favorite, as its shareholders recently approved the takeover of the company by Australia-based Galaxy Resources Ltd. (GXY:ASX). The deal was recently finalized to give Lithium One shareholders 1.96 common shares of Galaxy, which equated to CA$1.55/share, a 35% premium to Lithium One's recent closing share price. The deal size was about CAD $112 million (M) and is expected to close on July 3, 2012. This deal typifies the merger and acquisition activity I expect to see pick up in coming months as I think it is complimentary to each company's shareholders. Lithium One management has built a solid story around a world-class asset and has in turn rewarded shareholders. I will be watching Lithium One management in their future endeavors as they have demonstrated the ability to reward their shareholders.
I love how everytime shares drop on the bid, the same amount appears immediately on the ask, just sayin!!!!![/i]
Chart looks great, MacD crossing over.
Board marks increasing!
Great things coming for MMTE
A few more Canadian companies to watch for a partnership, acquisition agreement.
Corporate Office: Canada Lithium Corp.
Address: 401 Bay Street, Suite 2010
Toronto, ON
Canada M5H 2Y4
Telephone: 416-361-2821
International Lithium Corp. ("ILC") is a 100%-owned subsidiary of TNR Gold Corp (TNR:TSX).
Suite 620 - 650 West Georgia Street
PO BOX 11604
Vancouver British Columbia
V6B 4N9
My favorite remains Lithium One for obvious reasons, take a look at what management achieved for their shareholders.
Lithium One Inc. (LI:TSX.V) was my favorite amongst the advanced development stories in the lithium space. I say "was" my favorite, as its shareholders recently approved the takeover of the company by Australia-based Galaxy Resources Ltd. (GXY:ASX). The deal was recently finalized to give Lithium One shareholders 1.96 common shares of Galaxy, which equated to CA$1.55/share, a 35% premium to Lithium One's recent closing share price. The deal size was about CAD $112 million (M) and is expected to close on July 3, 2012. This deal typifies the merger and acquisition activity I expect to see pick up in coming months as I think it is complimentary to each company's shareholders. Lithium One management has built a solid story around a world-class asset and has in turn rewarded shareholders. I will be watching Lithium One management in their future endeavors as they have demonstrated the ability to reward their shareholders.[/quote]
Potential JV Candidate # 3
My personal favorite!
Galaxy Resources
Subsidiary
2700-130 Adelaide Street West,
TORONTO
Ontario
Canada, M5H 3P5
Phone: +1 416-361-2830
Fax: +1 416-364-5400
Top 3 reasons this company stands out vs. the rest.
1. Looking for more land resources:
“Galaxy will require more lithium resources over the next few years, and Sal de Vida along with James Bay has added to our
existing Australian resource inventory. Together with our China processing assets we now have ample resources to
continue to grow the lithium business and drive the long term value of the company.
"Recent developments in the sector include lithium Galaxy Resources acquiring Lithium One and valuing their lithium assets in Argentina at nearly ninety million dollars on a share adjusted basis," said William Lieberman, President of Mammoth Energy Group. He added, "Lithium One paid or had agreements to pay a combined number of close to six Million dollars for over 25,000 hectares at the Hombre de Muerto Salar based on SEDAR filings over the past three years. The increase in shareholder value and in asset value from where the transaction began to Galaxy's acquisition, clearly shows lithium asset appreciation and shareholder value for the Lithium One shareholders.
Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that Maurice J. Colson has joined the non executive advisory board of Mammoth Energy Group
Mr. Colson is a current director and the former President and Chief Executive Officer of Lithium One Resources listed on the Toronto Stock Exchange. He holds a masters degree in business (M.B.A.) and has been involved in the investment business for more than thirty five years. Mr. Colson was managing director in the U.K. for a major Canadian investment dealer for many years, and in Canada, he has been actively involved in providing strategic counsel and assistance with financing to emerging private and public companies. His network in the resource industry has expanded significantly from Canada, and he has been actively involved in financing Canadian companies operating in China, Africa, and South America. .
Potential JV merger partner #2 They are held for future advancement by Polar Star or prospective joint venture partners.
A few days ago in this post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77879690, I proposed the possibility that Pan American Lithium was a potential Canadian company that William may be visiting.
Here is what I think is a second potential partner.
Polar Star Mining
Head Office
10 King Street East, Suite 500
Toronto, Ontario, M5C 1C3
CANADA
Tel: (416) 368-3496
Fax: (416) 368-1724
Chile Office
Las Rojas Poniente 1645
La Serena
CHILE
Tel: 56 51 21 7281
Fax: 56 51 21 7281
http://www.polarstarmining.com/Contact-Us/contact-us/default.aspx
Polar Star has a huge portfolio of properties that includes copper, gold, silver, uranium, lithium, potassium and phosphates
Polar Star has concessions right near MMTE's in the Pujsa region. MMTE has 15 Concessions totaling 11,695 acres in Pujsa plus the Laco concessions just to the South.
Polar Star is looking for JV partners for its assets, particularly Copper and Gold.
Is it possible that William's trip is to swing a deal for a lithium JV for MMTE and a copper swap with TTXP? Is it possible that Polar Star being a Canadian company is looking to be part of a Canadian Copper project in Copper Island? Remember there is 80% of that project unaccounted for?
Think this is the first time MMTE has been at these levels?
"Look at the damn ask from .0006 down the .0003."
MMTE Chart with notes
Huge Accumulation!
It appears we are getting news now for the simple reason WL knows that the CLIL acquisition shares are out there and will not affect PPS going forward, and he has substantial announcements forthcoming.
I for one am very thankful for the recent change in communication. Each and every PR is very telling of a much bigger picture to come.
Chart speaks for itself.
[color=blue]The last few trading sessions have seen retail sells, and it would seem the share dumps from the CLIL transaction may be over.[/color]
Whats in store?
Tues, 07/17/2012 @ 9:00AM
Mammoth Energy Group Progressing on Development of Lithium Assets
"We have a number of potential options on the table," said William Lieberman, President of Mammoth Energy Group. "I believe that all shareholders in Mammoth Energy Group will be pleased with the direction that we intend to proceed into. We have been approached by potential joint-venture partners as well as a potential acquisition of MMTE's assets and have also been progressing on additional financing agreements. The development of the Company is a methodical process, however, we are focused on increasing shareholder value and expect to finalize the next steps for the Company."
MMTE announces that options are on the table, business plan progressing
Thurs 07/19/2012 @ 8:00AM
Bidding War in Chile for Lithium May Create Boost for Mammoth Energy Group
"The past two years have been quite busy for Mammoth Energy Group," said William Lieberman, President of Mammoth Energy Group. "We have built a base of investors that are focused on the development of the company's assets through its subsidiary Chile Lithium Investments Limitada. The lithium market has begun to develop quite rapidly and investors and governments are now beginning to see the strategic importance lithium has in our daily communications. The large mining companies are in Chile and there are a handful of juniors who are actively seeking joint venture and assets sales," he added.
[color=red]General comments on the state of Chile's lithium assets and points out that a handful of juniors stand with large mining companies seeking joing Ventures. Is that W.L.'s sly way of saying he has been contacted by a large mining company?[/u] [/color]
[color=red]Monday and especially Tuesday we see huge sell volume dropping us to .0002 X .0003, William explains:[/color]
William Lieberman, President of Mammoth, stated, "Our trading activity correlates with an equity capital raise with an institutional fund where the Company raised $220,000 USD for the purchase of MMTE's lithium assets a year ago. The Company believes that the assets have increased five times in value. In contrast to other companies that claim to be in the lithium sector yet do not possess lithium assets, MMTE actually has titles and deeds for its assets which are available for verification through the Chilean Mining registries." He added. "Investors from JPMorgan Chase & Co. to BlackRock Inc. are trying to create revenue from the exploding popularity of iPads and increasing sales of hybrid cars by investing in producers of lithium for batteries," said Lieberman.[/i]
Tues 07/25/2012 @ 5:17PM
Mammoth Energy President Leaves for Canada to Negotiate Lithium Joint Venture Agreements
Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that Company President William Lieberman is leaving next week for Canada for the purpose of negotiating lithium off take and joint venture agreements.
Monday and especially Tuesday we see huge sell volume dropping us to .0002 X .0003, William explains:
William Lieberman, President of Mammoth, stated, "Our trading activity correlates with an equity capital raise with an institutional fund where the Company raised $220,000 USD for the purchase of MMTE's lithium assets a year ago. The Company believes that the assets have increased five times in value. In contrast to other companies that claim to be in the lithium sector yet do not possess lithium assets, MMTE actually has titles and deeds for its assets which are available for verification through the Chilean Mining registries." He added. "Investors from JPMorgan Chase & Co. to BlackRock Inc. are trying to create revenue from the exploding popularity of iPads and increasing sales of hybrid cars by investing in producers of lithium for batteries," said Lieberman.
[color=red]Wednesday, Thursday sell volume dry's up and continues to appear so Friday.[/color]
Thursday 07/26/2012 @ 5:48PM
Mammoth Energy Reports on Value of Lithium Assets Increasing
Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today that lithium assets pricing per acreage comparable to MMTE has increased substantially over the last three years.
"Recent developments in the sector include lithium Galaxy Resources acquiring Lithium One and valuing their lithium assets in Argentina at nearly ninety million dollars on a share adjusted basis," said William Lieberman, President of Mammoth Energy Group. He added, "Lithium One paid or had agreements to pay a combined number of close to six Million dollars for over 25,000 hectares at the Hombre de Muerto Salar based on SEDAR filings over the past three years. The increase in shareholder value and in asset value from where the transaction began to Galaxy's acquisition, clearly shows lithium asset appreciation and shareholder value for the Lithium One shareholders. Mammoth Energy is following these lithium sector developments in order to bring shareholder value to MMTE."
MMTE reports the possible value of their concessions is quite good and going into meetings next week W.L. has a good idea of what he has on the table. Mentions huge deal between Li One and Galaxy. Is this once again W.L. telling us he has a large mining company interested in our comany and assets ?
No RS, W.L is gining investors every chance to get in know before the announcement comes that we have attracted the interest of one if not several bg companies, Juniors as well and gives us the goods on the deals.
No RS, why try to increase the PPS if RS is around corner. Not happening, at least not now.
Closer look at valuations
49 Concessions Totaling 31,462 acres 12,732 hectares
"Recent developments in the sector include lithium Galaxy Resources acquiring Lithium One and valuing their lithium assets in Argentina at nearly ninety million dollars on a share adjusted basis," said William Lieberman, President of Mammoth Energy Group. He added, "Lithium One paid or had agreements to pay a combined number of close to six Million dollars for over 25,000 hectares at the Hombre de Muerto Salar based on SEDAR filings over the past three years."
$90,000,000/25,000= $3600
12,732 hectares X $3600 per hectare =
Potential Valuation
Add in Potash, Boron, and possible copper and gold
If William strikes a deal next week, what will MMTE's Chilean concessions be valued at?
Which of these groups of concessions will be offered next week.
Laguna Lagunilla: 5 Concessions totaling 2,471 acres
Salar De Pujsa: 15 Concessions totaling 11,695 acres
Salar De Laco: 6 Concessions totaling 2471 acres
Salar De Maricunga: 13 Concessions totaling 8649 acres
Laguna Paquisa: 10 Concessions totaling 6177 acres
Latest update on MMTE's concessions found here.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77139693
Potential J/V partner in Canada
Pan American Lithium Corp
551 Howe St Suite 200
Vancouver, BC V6C 2C2, Canada
Pan American Lithium - Maricunga MMTE neighbor
From PALTF filing on July 13th
ARTICLE 5
FORMATION OF JOINT VENTURE
5.1 Purposes . Upon the full satisfaction of all conditions to the formation of the Joint Venture as set out herein, the Participants agree to thereafter associate and participate in the Joint Venture for the purposes of:
(a) exploring within the Area of Interest,
(b) acquiring additional Properties within the Area of Interest,
(c) evaluating the possible Development of the Properties,
(d) engaging in Development and Mining Operations on the Properties,
(e) engaging in marketing Products, to the extent permitted by Article 12, and
(f) performing any other activity necessary, appropriate, or incidental to any of the foregoing.
5.2 Name
The name of this Joint Venture shall be the Maricunga Joint Venture. The Manager shall accomplish any registration required by applicable assumed or fictitious name statues and similar statues.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8717284
Pan AM in the north (5 concessions), MMTE in the South 13 concessions. MMTE just happens to cover all of the Laguna Santa Rosa. Strangely Pan Am's concessions are not on the salar at all. I think this could be our JV partner of the very near future.
Canadian Lithium companies
Company Name Symbol Type Market Cap
($Millions CDN)
Canadian lithium companies
Canada Lithium Corp. TSX:CLQ Explorer/Developer 184.2
First Lithium Resources Inc. TSXV:MCI Explorer 0.9
International Lithium Corp. TSXV:ILC Explorer 4.1
Lithium Americas Corp. TSX:LAC Explorer 66.5
Lithium One Inc.
Nemaska Exploration Inc. TSXV:NMX Explorer 39.8
New World Resource Corp. TSXV:NW Explorer 4.0
Orocobre Limited TSX:ORL Explorer 184.7
Pan American Lithium Corp TSXV:PL Explorer 2.3
Pan Global Resources Inc. TSXV:PGZ Explorer 9.1
Rock Tech Lithium Inc TSXV:RCK Explorer 7.2
Rodinia Lithium Inc TSXV:RM Explorer 14.2
Talison Lithium Limited TSX:TLH Producer 435.0
Ultra Lithium Inc TSXV:ULI Explorer 2.6
Western Lithium USA Corporation TSX:WLC Explorer 13.1
PR says over 28,000 acres, I have confirmed 31,000 acres, so it looks correct. We have PR'd 49 concessions 31,000 acres over the past year and a half. The difference may the 6 concessions that are still waiting to be confirmed.
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, seven concessions
for a total of 4695 acres (1900 hectares) in the Salar de Pujsa, 2471 acres
(1000 hectares) in the Salar del Laco for a total of over 28,000 combined acres
on seven different properties throughout Chile
Todays PR confirms for me that the Lithium climate in Chile is hot and W.L. had to put on hold plans in the works to address literal "offers on the table This is very good news for MMTE shareholders. It appears that our portfolio of concessions is drawing interest. I would imagine we will hear something in regards to this soon so we can move forward one way or the other.
As fas as devious tactics, don't see it. I see a ton of accomplishments in a short amount of time and a virtual fork in the road before us.
MMTE has tremendous value in concessions, W.L. is making the best decisions to increase shareholder value in determining which course to take.
I am happy we are hearing something this week, gives me tremendous hope.
Lithium Will Make Your Portfolio Feel Better
http://seekingalpha.com/article/730361-lithium-will-make-your-portfolio-feel-better
This week has been the first mention of lithium JV/acquistion news from William via PR to date. Rumours have swirled for months that this was the course, now we have confirmation plus not to mention offers on the table. This is a huge step for MMTE and ITS shareholders.
I have a pretty good idea who has offers out on MMTE's concessions, that is for a post later.
HeyU is spot on with her observation and statement.
I think WL "has an offer" on concessions in at least one region as an acquisition, the remaining concessions will likely be merged with TT*P and a larger value company will be built using proceeds of lithium concession sales. Lithium, Copper Rare Earth. Once again that is my opinion.
More DD to come.
Lithium Will Make Your Portfolio Feel Better
MMTE .0004 is a lithium company that is about to be acquired or merged into a larger lithium company.
Great Read.
http://seekingalpha.com/article/730361-lithium-will-make-your-portfolio-feel-better
MMTE .0004 Acquisition/merger news
"We have a number of potential options on the table," said William Lieberman, President of Mammoth Energy Group. "I believe that all shareholders in Mammoth Energy Group will be pleased with the direction that we intend to proceed into. We have been approached by potential joint-venture partners as well as a potential acquisition of MMTE's assets and have also been progressing on additional financing agreements. The development of the Company is a methodical process, however, we are focused on increasing shareholder value and expect to finalize the next steps for the Company."
This one is about to be acquired by a large lithium company. Read the last PR's and DD and then be sure to get on board.
Copper Island Claims Comprehensive Overview
I have located two sections on the map below that are believed to be part of the Copper Island Mining group. Both os these groups of claims comprise 3585 hectares. 8K says 3000 hectares.
The Northern section is 4 claims called Copper Island 1-4, owned by Jared Michael Lazerson. The Southern section is a group of 9 claims that are mentioned in the TTXP 8K and owned by Kelly Brent Funk.
Copper Island group:
4 Claims
1927 hectares
Jared Michael Lazerson
Claim ID's:
941736
941737
941738
941739
TTXP 8-K Group
9 Claims
1657 hectares
Kelly Brent Funk
Claim ID's
848946
848947
848944
848943
848942
848551
848662
808082
844515
I believe the 8K is referring to both groups. Lazerson and Funk may have created the private business called Copper Island Mines LTD, since their acquisitions last year. The private nature of their business may keep it from being listed on BCGS sites. Could TTXP be the road for them to incorporate via reverse merge?
This is Huge!!!!!!!!![/b]
A full geological Exploration and Development report has been performed on the project that was just completed in March of this year.(See Below)
The work on Kelly Funk's claims was performed by Jared Michael Lazerson. hmmmmmmm?
It looks like a mine is being planned and built near Pomeroy and Copper Bell, Copper Cliff, those 3 areas showed particularly good results in 1971. I Can't wait to see the new report.
Jetcom Inc. acquired a group of concessions bordering Copper Island claims just to the North.
Jetcom Acquires Additional B.C. Gold, Silver and Copper Exploration Properties
TORONTO, ONTARIO -- (Marketwire) -- 02/07/12-- Jetcom Inc. (the "Company") (CNSX: JTM) is pleased to announce it has acquired 100% interest in the following British Columbia properties in exchange for 2,250,000 shares of the Company:
Quadra Copper - 1,096 hectares, a past producer with a historic resource of copper and silver on Quadra Island, British Columbia.
http://www.euroinvestor.com/news/2012/02/07/jetcom-acquires-additional-bc-gold-silver-and-copper-exploration-properties/11899235
http://www.jetcom.com/index.php?option=com_content&view=article&id=57%3Acopper-road-quadra-island-bc-british-columbia-canada-mining-properties&catid=34%3Amining-projects&Itemid=54
Jetcom's Minfile report of their project reserve inventory is posted below. Their reported reserves are very similar to our two groups.
Project area
Closer Look
Work Detail
Mineral Titles Online Viewer
Exploration and Development Work / Expiry Date Change Event Detail
Event Number ID 5228307
Recorded Date 2012/mar/15
Work Type Technical Work (T)
Technical Items Geochemical (C), Prospecting (PR), Preparatory Surveys (TS)
Work Start Date 2011/jun/15
Work Stop Date 2012/mar/15
Total Value of Work $ 111719.00
Mine Permit Number
Summary of the work value:
Tenure Numbers 844515
Claim Name/Property
Issue Date 2011/jan/26
Work Performed Index Y
Old Good To Date 2012/may/01
New Good To Date 2020/mar/15
Numbers of Days Forward 2875
Area in Ha 41.42
Applied Work Value $ 2154.54
Submission Fee $ 130.49
Tenure Numbers 848551
Claim Name/Property
Issue Date 2011/mar/10
Work Performed Index Y
Old Good To Date 2012/jul/29
New Good To Date 2020/mar/15
Numbers of Days Forward 2786
Area in Ha 331.51
Applied Work Value $ 16762.49
Submission Fee $ 1012.14
Tenure Numbers 848942
Claim Name/Property
Issue Date 2011/mar/15
Work Performed Index Y
Old Good To Date 2012/mar/15
New Good To Date 2020/mar/15
Numbers of Days Forward 2922
Area in Ha 207.19
Applied Work Value $ 10773.87
Submission Fee $ 663.46
Tenure Numbers 848943
Claim Name/Property
Issue Date 2011/mar/15
Work Performed Index Y
Old Good To Date 2012/mar/15
New Good To Date 2020/mar/15
Numbers of Days Forward 2922
Area in Ha 455.79
Applied Work Value $ 23700.81
Submission Fee $ 1459.51
Tenure Numbers 848944
Claim Name/Property
Issue Date 2011/mar/15
Work Performed Index Y
Old Good To Date 2012/mar/15
New Good To Date 2020/mar/15
Numbers of Days Forward 2922
Area in Ha 414.22
Applied Work Value $ 21539.55
Submission Fee $ 1326.42
Tenure Numbers 848946
Claim Name/Property
Issue Date 2011/mar/15
Work Performed Index Y
Old Good To Date 2012/mar/15
New Good To Date 2020/mar/15
Numbers of Days Forward 2922
Area in Ha 82.87
Applied Work Value $ 4309.26
Submission Fee $ 265.37
Tenure Numbers 848947
Claim Name/Property
Issue Date 2011/mar/15
Work Performed Index Y
Old Good To Date 2012/mar/15
New Good To Date 2020/mar/15
Numbers of Days Forward 2922
Area in Ha 62.17
Applied Work Value $ 3232.91
Submission Fee $ 199.08
Tenure Numbers 808082
Claim Name/Property POMEROY 1
Issue Date 2010/jul/03
Work Performed Index Y
Old Good To Date 2012/dec/31
New Good To Date 2020/mar/15
Numbers of Days Forward 2631
Area in Ha 20.72
Applied Work Value $ 1069.22
Submission Fee $ 59.73
Tenure Numbers 848662
Claim Name/Property COLLEEN NORTH
Issue Date 2011/mar/11
Work Performed Index Y
Old Good To Date 2012/mar/15
New Good To Date 2020/mar/15
Numbers of Days Forward 2922
Area in Ha 41.42
Applied Work Value $ 2155.70
Submission Fee $ 132.64
Financial Summary:
Total Applied Work Value: $ 85698.35
PAC name: Jared Michael Lazerson
Debited PAC amount $ 0.00
Credited PAC amount $ 26020.65
Total Submission Fees $ 5248.84
Total Paid $ 5248.84
Lazerson and Funk both have many additional claims in the area, Funk has several intermixed with Jetcoms project. Lazerson has claims just to the north on several islands including Quadra Island.
So much more to come.
Mammoth Energy Comprehensive Concession Overview Updated! 7/01
Lots of updates since June 3rd, and so much more going on now with the TTXP lot thrown in. I will wait until formal announcement before going into depth on this scenario.
49 Concessions Totaling 31,462 acres across 5 regions
Three regions of the Five have had tests that show positive levels of lithium are present. Salar de Laco, Salar de Maricunga and Laguna Lagunilla.
Closer Look at lithium confirmations
Salar de Laco
"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.
Laguna Lagunilla
Historical Lithium concentration levels at Laguna Lagunilla have averaged from 0.019 - 0.154 g/ml of lithium and from 8.95 - 65.3 g/ml of potassium. Certain geological tests have shown that Lithium and Potassium concentration levels combined could be up to 5% of the entire Laguna Lagunilla.
Salar de Maricunga
Independent tests show that Laguna Santa Rose where MMTE's concessions are contain lithium levels up to .012 g/ml and up to 312 g/ml of Potassium.
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.
A closer look at the concessions, 43 Registered, 6 In Process
Laguna Lagunilla: 5 Concessions totaling 2,471 acres
Salar De Pujsa: 15 Concessions totaling 11,695 acres
Salar De Laco: 6 Concessions totaling 2471 acres
Salar De Maricunga: 13 Concessions totaling 8649 acres
Laguna Paquisa: 10 Concessions totaling 6177 acres
Here is a compehensive map showing mining concessions in Chile. Mammoths CLIL's concessions circled in Red. Updated!
Closer look at each region
Salar de Maricunga
Maricunga posts
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74698018
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74858997
Maricunga overview
Salar de Maricunga: This salt flat spans 8,300 hectacres at an altitude of 3,700 meters (12,139 ft). The world's highest volcano, and the highest peak in Chile, Ojos del Salado, (6,893meters/22,615 ft.) is located in its vicinity. The salar is 180 km northeast of the city of Copiapó in the Andes mountains.
Topograhic map showing terrain and Copper and gold connections.
MMTE 3rd largest concession holder
Salar de Maricunga company lithium holdings by acreage
1. SQM - 16 concessions 2nd largest acreage, total unknown
2. Codelco - 13 concessions largest acreage, total unknown
3. Mammoth Energy - 13 concessions, 8649 acres (3rd largest concession holder
4. Lithium 3 Energy - 6 concessions, 3553 acres
5. Simbalik Group - 4 concessions, 3335 acres
6. Pan American Lithium - 5 concessions, 2965 acres
7. Talison - 1 concession - 257 acres
Mammoth acquired these concessions on 5/26/2011
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.
Of all of the Mammoth Energy projects, the one that seems to be positioned in a very hot zone, is the Salar de Maricunga concessions. Significant progress has been made in this region in the past 3 years and Mammoth has been in the thick of it, sometimes leading the way.
Lots of deals occurring in the Maricunga starting last year.
Li 3 Energy
Li3 Energy Announces Memorandum of Understanding with Strategic Partner
http://www.li3energy.com/news-media/news_pdfs/2012/Li3-POSCOCooperationAgreementMar2012Final.pdf
Important to note
The Maricunga properties represent the only Chilean properties in Li3 portfolio. Li3 was working on a lithium asset deal with New World Resources to acquire concessions in Argentina. That deal was terminated because the two sides could no come to terms.
Recent signum box studies result in this
Flagship Maricunga Project Maintains 2011 Year End Top Project Ranking
As of December 31st, 2011, according to the signumBOX Performance Index (SPI) ranking, upon achieving Chilean government permits, Li3’s Maricunga Project in its current state, is ranked amongst the top 5 undeveloped lithium projects in the world out of 52 other brine salars;
Pan American Lithium has struck its own deal with Posco.
Pan American has a larger portfolio of properties than LI3 spread throughout the Atacama.
Pan American Lithium Corp announces private placement with POSCAN
www.zorominingcorp.com/index.php?option=com_content&view=article&id=47&Itemid=53
On April 24th, Lithium 3 Energy released a report that shows significant lithium on the Maricunga project. Some of the details of that report are included in this post.
http://www.li3energy.com/projects/ni-43-101/2012NI_43-101Report_LI3_Energy.pdf
I believe that Mammoth Energy's subsidiary CLIL will be involved as it has been from the beginning in this region in the very near future. Things are moving very quickly as you will see in the timeline below. The Maricunga is one the best undeveloped lithium projects in the world. Mammoth is positioned with a large concession in the midst of this project. You will see in this post the significance of their existence and their ability to secure a position before many of its peers.
Lithium 3 has recently (Dec. 2011) upped the ante on their Maricunga holdings, those concessions are detailed in yellow in this satelitte image. In this image you will see the main lithium players involved in the Maricunga project.
This image shows the results of Salres 7's technical report for the Maricunga salar. Notice the Li levels in the region. These results only show the edges of the salar. When Mammoth first expressed interest in the concessions from Salt Gold in 2010 they had their own results that show concentration levels from the middle of the salar.
The drainage basin also tested positive for lithium and could also be a source for brine tests if CLIL should move forward. I think they will move forward.
SQM increases its Maricunga holdings
Laguna Lagunillas
These concessions were acquired on 9/28/2011
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 five concessions for a total of 2471 acres (1000 hectares) of lithium concessions located at Laguna Lagunilla situated in the Pica commune.
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 five additional concessions for a total of 2471 acres (1000 hectares) of lithium concessions located at Laguna Lagunilla situated in the Pica commune.
Claim Titles announced
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 announced it first five claim titles on its Laguna Lagunilla concessions for a total of 2471 acres (1000 hectares) of lithium concessions located at Laguna Lagunilla situated in the Pica commune.
The claim titles are currently listed as White TP Uno, White TP Dos, White TP Tres, White TP Quatro, and White TP Cinqo. All concessions are currently constituted and are all rights to explore.
Historical Lithium concentration levels at Laguna Lagunilla have averaged from 0.019 - 0.154 g/ml of lithium and from 8.95 - 65.3 g/ml of potassium. Certain geological tests have shown that Lithium and Potassium concentration levels combined could be up to 5% of the entire Laguna Lagunilla.
"At Laguna Lagunilla our concessions are located next to one of the leading global mining players in the world," announced William Lieberman, President of Mammoth Energy Group. "Unfortunately due to legal restrictions on press releases we are unable to publicly announce their name," he added.
BHP Chile
MMTE's concessions cover the entire salar. MMTE has access to the below Li levels.
BHP Chile owns these concessions primarily for Gold exploration. That leaves MMTE with Li and possibly Gold.
http://ih.advfn.com/p.php?pid=nmona&article=50112956
Look at what our concessions cover, the whole salar. Thats is 4695 acres of lithium. Someone will partner with us on this salar project.
Satelite view of the salar
Laguna Lagunillas Copper There's that mineral again:)
On Mammoth's concession in the North part of Laguna Lagunilla, an exploratory copper pit was mined. You can see the roads leading up to the claim as well as some infrastructure. Copper was explored on these concessions and the copper vein seems to run straight into the Lagunillas concessions. Cerro Colorado's largest concession is directly ajacent to MMTE's.
Salar de Laco
These concessions were acquired on 6/03/2011
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."
Huge changes in Salar de Laco!
Salar de Pujsa
These concessions were acquired on 6/28/2011
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.
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.
"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.
Claim Titles Announced
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 announced its first seven claim titles on its Salar de Pujsa concessions for a total of 4965 acres (1900 hectares) of lithium concessions located at Salar de Pujsa situated in the San Pedro de Atacama commune.
The claim titles are currently listed as White LS Uno, White LS Dos, White LS Tres, White LS Cuatro, White LS Cinqo, White LS Seis, and White LS Siete. All concessions are currently constituted and are all rights to explore.
CAP Mineria del Pacifico - huge commitment in the Pujsa region.
Laguna Paquisa
These concessions were acquired on 11/14/2011
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 ten additional Lithium concessions for a total of 6177 acres (2500 hectares) in the Laguna Paquisa located in the Putre commune in Chile.
Conclusion
I firmly believe, that the current climate in Chile has a virtual lithium rush to acquire and develop lithium concessions. Mammoth Energy is in three prime target locations to work with a JV partner to begin working fesibility studies on Lithium extraction. With that MMTE is more than likely being sought out after its lithium concessions, specifically in the Maricunga, Laco and Lagunillas regions.
Recent findings show that Copper is now going to be a big part of our future. With the close relationship in mant regions with copper there is the definite possibility that we will see Mammoth Energy working with at minimum Lithium and associated minerals in its extraction (Potash) and Copper. Gold also could be in the mix.
MMTE has accomplished in the following in 1 year:
*They have built a portfolio of 49 concessions with 31,000+ acres
*They have formal registrations on 42 concessions
*They have claim titles in two regions
*They have the help of a mining expert in Maurice Colson
*They have hired an auditor to perform audits for uplist.
*We have a good idea now that we will merge with TTXP who is audited and uplisted.
* Copper and rare earth minerals are now in the mix with am erger with TTXP.
This all in one year. Not too bad for a Pink Sheet stock.
Next steps: complete audits, uplist, announce their partner(s),
move towards production.
More to come and I will update as we get confirmations and PR's.
MMTE's Future Copper and Lithium!
Merger confirmation will give us a huge boost in the value of our shares. Huge news for MMTE shareholders!
Copper Mining
British Columbia's mining and mineral exploration industry has a rich history and a promising future. B.C. has been one of the world's major mining regions since the mid-1800s and to this day is a key international player. Encompassing the largest part of the Canadian Cordillera, a mountain belt rich in minerals and coal, B.C. produces and exports a significant amount of copper, gold, silver, lead, zinc, molybdenum, coal and industrial minerals every year.
British Columbia is bestowed with an impressive mineral wealth, and as a result has been one of the world’s mining capitals since the mid-1800s, producing and exporting a variety of commodities including copper, gold, silver, lead, zinc, molybdenum, and coal. From the 1950s through the early 1970s, most of the world’s major mining companies were actively exploring in the province, with several of them operating mines.
British Columbia’s currently operating mines are benefiting from increased demand and profitability, with copper and gold prices rising considerably on world markets. The climb in commodities prices has resulted in a dramatic increase in mineral exploration spending in BC, to more than $250 million in 2010. This year, the province currently has over $25 billion worth of potential investments in the pipeline.[/u]
British Columbia’s mineral wealth is due to its geologic diversity. British Columbia is an “accretionary prism” which, in layman’s terms, means that it is composed of a patchwork of distinct tectonic plates, that collided over many years, and accreted to form the majority if the province’s land. B.C. is therefore composed of a variety of terrains, from unique origins, resulting in a varied geology that hosts virtually every type of mineral deposit.
The Future of Lithium
Lithium will soon begin to dominate the markets and politics of the 21st Century through new global supply chains and trade agreements between resource providers and battery manufacturers.
Deposits of lithium are found in South America throughout the Andes mountain chain. Chile is currently the leading lithium metal producer, followed by Argentina and nearly 85% of the worlds known Lithium reserves are found in this region.
In the latter years of the 20th century lithium has become important as an anode material. Used in lithium-ion batteries because of its high electrochemical potential, a typical cell can generate approximately 3 volts, compared with 2.1 volts for lead/acid or 1.5 volts for zinc cells. Because of its low atomic mass, it also has a high charge— and power-to-weight ratio.
Rare Earth Mineral
Rare earth elements are a group of seventeen chemical elements that occur together in the periodic table (see image at right). The group consists of yttrium and the 15 lanthanide elements (lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium). Scandium is found in most rare earth element deposits and is sometimes classified as a rare earth element.
British Columbia's Copper Rush
During the past twenty years there has been an explosion in demand for many items that require rare earth metals. Twenty years ago there were very few cell phones in use but the number has risen to over 5 billion in use today. The usage of computers and DVDs has grown almost as fast as cell phones.
http://trilliant-exploration.com/mining.php
Conclusions
It seems that as we merge forward our lithium concessions will be joined with Copper starting in British Columbia's current Copper rush (Did not see this coming - Huge bonus!). Could we then expand our copper to South America with our already confirmed partner Juan Andres Bazan Garmendia in Chile giving us copper production in two major regions, Canada and Chile?
I have to believe the copper partner in Canada will be the catalyst to start copper production with the needed capital, mining infrastructure and production capability with a later move to South America. Just a speculation from current findings.
Juan Bazan Garmendia's concessions.
http://investorshub.advfn.com/uimage/uploads/2012/6/28/hkkdiCopper_and_Gold_concessions_-_Garmendia.JPG
This info may be of importance
http://www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/InformationCirculars/Documents/IC2010-4.pdf
7-01 Laco Update- Farkas' Minera Santa Fe moving in big
Minera Santa Fe has increased its holdings i the Salar de Laco by good measure this week. The new concessions are directly adjacent to Mammoths concessions.
This is what the region around Mammoth's concessions looked like a few months ago.
Minera Santa Fe makes an announcement about the region and acquires these concessions.
The acquisitions continue with these additional properties.
On Monday Minera Santa fe added these:
Here is the final picture with two recent articles and changes updated.
Minera Santa Fe is not the only one with a stake in iron in this region. CAP Mineria del Pacifico currently holds these concessions near MMTE's Pujsa and Laco concessions.
Lots of opportunity for Mammtoh Energy to be involved in a variety of minerals.
If nothing else this development adds tremendous value to Mammoths concessions with lithium and iron ore in the mix.