Thursday, June 09, 2011 7:58:33 PM
"...Instead, it has focused on becoming as transparent as possible, both in terms of news and financials. That is why MMTE's positive run yesterday might have been caused by the press release which popped up beforehand. The latter informed investors that MMTE had completed the acquisition of 13 Chilean lithium concessions spanning 3500 hectares. The announcement came one week after MMTE concluded its DD on the properties.
Being a development stage company, Mammoth Energy Group Inc. specializes in acquiring and developing lithium-rich sites both within the US and internationally. Presently, its main assets are located in Chile. MMTE's mid- to long-term strategy is to become a leading supplier of alternative energy..."
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