MMTE - Mammoth Energy Group Inc. (www.mammothenergygroup.com) (Pinksheets:MMTE - News), a lithium and alternative energy mining company, announced today that it is in the process of finalizing all of its financing agreements.
The company has completed negotiations and intends to announce its acquisition roll up of its Chilean concessions imminently.
Shareholders & investors that have been sitting idle on the sidelines have been waiting patiently to see if in fact this is true so they can buy in the moment the pr drops. All eyes have been on MMTE as the chatter of a merger w/LI3 Energy inc (LIEG) who's current share price rest at .35. Rumors are surfacing that Mammoth Energy could possibly merge with LI3 Energy Inc for both companies current pr's verbiage mirror each other & that they have been releasing their pr's 7-10 trading days with each other. Upon further due diligence, MMTE could may release their 10k no later than 04/15/11 per their last pr. With the value of Lithium set to increase 5-10's over, it's no wonder why recent Lithium stocks have been running. If what MMTE is in fact true of what they claim, then you can very well expect for MMTE to run for days on in.
http://finance.yahoo.com/news/Mammoth-Energy-Group-to-iw-2485854860.html?x=0&.v=1