Mammoth Energy Group Acquires Chilean Lithium Assets
26 May 2011 - 11:40PM
Marketwired
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.
Compania Lithium Investments Limitada was created to acquire,
develop and explore lithium and mining assets in Chile on behalf of
Mammoth Energy Group Inc.
About Mammoth Energy Group Inc. (PINKSHEETS: MMTE)
www.mammothenergygroup.com Mammoth Energy Group Inc. is focused on
acquiring, developing and operating strategic mining energy
reserves in locations throughout the world. With an ever changing
shift to alternative energy and fuels Mammoth Energy Group will be
prepared to be a leading energy supplier and operator. Mammoth
Energy's goal is to become an important partner as the world's
energy paradigm begins to change throughout the next decade and
beyond.
Forward-Looking Statements This press release may contain
certain forward-looking statements within the meaning of Section
27A of the Securities and Exchange Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended,
and such Forward-Looking Statements are intended to be covered by
the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainties. All
statements other than statements of historical fact in this
announcement are forward-looking statements, including but not
limited to the viability of the Company's business plans, the
effect of acquisitions on our profitability, the effectiveness,
profitability, and the marketability of the Company's products; the
Company's ability to protect its proprietary information; general
economic and business conditions; the volatility of the Company's
operating results and financial condition; and other risks detailed
in the Company's filings with the Securities and Exchange
Commission.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations,
assumptions, estimates and projections about the Company and the
industry. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events
or circumstances, or to changes in its expectations, except as may
be required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, management cannot assure the public that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
Contact: Mr. S. Ahshrup Phone: (212) 613-5453 Email:
info@mammothenergygroup.com Web: www.mammothenergygroup.com