Mammoth Energy Group Signs Letter of Intent to Acquire Additional Lithium Concessions

Mammoth Energy Group Inc. (PINK:MMTE) reports that its 100% owned subsidiary Compania Lithium Investments Limitada of Chile has signed a Letter of Intent to acquire five concessions of lithium 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, and now with the 2471 acres (1000 hectares) in the Salar del Laco for a total of just under 16,000 combined acres throughout Chile.

Click here to access the entire press release