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AmeriLithium Corp. (OTCBB: AMEL) $0.90. Announced Monday that Cohen Independent Research Group, Inc. announced that it has updated its coverage on AmeriLithium Corp. (AMEL) a lithium exploration and mining company head-quartered in Nevada. The updated report was issued with a target price of $4.73, up from $3.63 in the previous report.
The Cohen research report stated that Lithium (Li) is one of the fastest emerging sources of clean energy. The demand for lithium is expected to grow manifold due to its diverse application and environmental friendly impact. The Company intends to capitalize on this emerging market opportunity with the acquisition of 723,969 acres of exploration properties. The Company has already started utilizing the $10 million equity drawdown facility. AmeriLithium announced acquisition of two more properties in Nevada, USA, Clayton Deep and Full Monty. Initial tests conducted on these properties by US Geological Survey have yielded significant mineral deposit estimates.
What They Do: AmeriLithium Corp. (AMEL) is a lithium exploration and mining company . The Company primarily targets the automobile sector which is experiencing a paradigm shift towards non-fossil fuel based cars. AMEL remains focused on expanding through strategic acquisition of properties with rich mineralization prospects. The Company has acquired exploration lands of approximately 723,969 acres, which includes two Nevada-based projects in the US, one project in Alberta, Canada and 3 projects in Western Australia.
Defentect Group (OTCBB: DFTC) $0.19. Today announced that the Company has joined forces with MayDay360, LLC, a corporation formed by Manhattan based Investigative Management Group and Beth Holloway, mother of Natalee Holloway who disappeared in Aruba in 2005.
Leveraging Defentect's communications technology and SmartPhone application, DefenCall, Defentect and MayDay360, have created a unique personal security and emergency response solution. DefenCall is the first program for a SmartPhone that enables a user to broadcast his or her location in the event of an emergency. When the user presses the MayDay360 panic button, the user's geospatial coordinates and other pertinent information are sent to Defentect's proprietary DM3™ response system and relayed to MayDay360. A phone call is automatically placed from the user's SmartPhone to MayDay360's support team, allowing the user to speak with someone who can provide assistance. MayDay360 is accessible worldwide; so no matter where a user is, the potentially life-saving information will reach first responders so that action can be taken within seconds.
What They Do: Defentect develops and delivers intelligent communications and messaging software solutions to facilitate the response to the detection of a threat.
Doral Energy Corp. (OTCBB: DRLY) $0.045. Today announced to shareholders that Doral has entered into a definitive purchase and sale agreement to acquire 6,800 acres of producing oil and gas assets within south eastern New Mexico for a purchase price of $1.7MM. The acquisition consists of 15 leases producing approximately 54 BOPD (8/8ths) with Working Interests ranging from 37.9%-100% with associated Net Revenues ranging from 32.3%-87.5%. Current production is from the Permian Age, San Andres Formation, which produces at a depth of 4,100 feet. This acreage is adjacent to other San Andres production and offers Doral the possibility of both down-spacing, to exploit un-drained acreage, as well as to stimulate current producers in order to potentially increase production.
What They Do: Doral Energy Corp. is an oil and gas exploitation and production company headquartered in Midland, Texas.
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