Mammoth Energy Group Increases Chilean Lithium Investments With Additional Acquisition

- September 28th, 2011

Mammoth Energy Group Inc. (PINK:MMTE) reported that its 100% owned subsidiary, Compania Lithium Investments Limitada of Chile has acquired five additional concessions at Laguna Lagunilla situated in the Pica commune.

Mammoth Energy Group Inc. (PINK:MMTE) reported that its 100% owned subsidiary, Compania Lithium Investments Limitada of Chile has acquired five additional concessions at Laguna Lagunilla situated in the Pica commune.

The press release is quoted as saying:

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 18,000 combined acres throughout Chile. The company is currently in acquisition mode and Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.

Mammoth Energy Group’s President, William Lieberman said:

“We are currently finalizing additional contracts and are making the steps needed to improve all aspects of our operations for our shareholders,”

Click here to access the entire press release

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