Strategic Asset Leasing Inc (fka LEAS)

[Maestro111]

Mammoth Energy Director Colson's newly merged company offers this news today.

Galaxy a star player after Lithium merger by: Sarah-Jane Tasker
From: The Australian April 03, 2012 12:00AM

LITHIUM miner Galaxy Resources hopes to grab the attention of major financial institutions when it completes its $C112 million ($108m) merger with Canada's Lithium One.
Galaxy managing director Iggy Tan said yesterday the merged entity, backed by $50m that Galaxy is raising, would be a leading pure-lithium company with a market capitalisation of about $500m. "When you get to this size you are now on the radar of some of the major institutions," he said.

Galaxy is offering 1.8 shares for each Lithium One share, valuing the target at $C1.55 a share, or $C112m, based on Galaxy's 30-day volume-weighted average price of 83c.

Lithium One owns the Sal de Vida lithium potash brine project in Argentina. Mr Tan said Galaxy had spent the past 18 months searching worldwide for a lithium brine project and Sal de Vida was one of the best in the world. "It is world class and we have support from both boards and shareholder support on each side," he said.

...Mr Tan said that while the merger was being compared to a lithium deal Talison did in Chile last September, there were production concessions in Chile that did not apply in Argentina.

Forecast demand for lithium is one of the key drivers of Galaxy's acquisition. The merged company will have mines in Western Australia, projects in Canada and Argentina, and will process lithium in China.

"Demand for lithium carbonate is forecast to increase two to three times," Mr Tan said.

"The world currently uses about 140,000 tonnes of lithium carbonate equivalent (and that is) expected to climb to 300,000 tonnes by 2020.

I like this part
"Our 17,000 tonnes capacity that we are bringing online is really nothing and we will be the fourth largest producer in the world. So it is important to find more resource.".

MMTE's director Maurice colson could help with that.
http://www.theaustralian.com.au/business/mergers-acquisitions/galaxy-a-star-player-after-lithium-merger/story-fn91vdzj-1226316878835