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Saturday, November 26, 2022

Mining Global, Inc. (OTCMKTS: MMNG) Big Move as Co Looks to Go Pink Current and Affect Lithium Reverse Merger

Mining Global, Inc. (OTCMKTS: MMNG) was up well over 100% on Thursday on 177 million shares traded after the Company filed disclosure statements going back a year on OTCMarkets. The Company has stated they are updating company information as well as financials and disclosures in order to re-gain CURENT status. They have also tweeted of a coming planned merger with a Company in the lithium space. MNGG is still pink/limited and cannot be traded by most brokers but that is expected to change quickly. On October 18 MNGG tweeted: “OTC still reviewing $MNGG, we expect results any day ahead of the planned merger that should see $MNGG resume where it left off.”  

Reverse merger SPACS can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks, we have covered on this website have gone from pennies to dollars. Two recent RM runners that stand out are TSNP/HMBL which went from sub pennies (where we first wrote about it) to several dollars per share. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus. MNGG is the perfect reverse merger candidate with a clean balance sheet with just $1 million in total liabilities, no convertible debt, $976,000 in the treasury and is profitable on revenues of $204,000 over the last fiscal year. 

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Mining Global, Inc. (OTCMKTS: MMNG) was incorporated as Yaterra Ventures Corp. under the laws of state of Nevada on November 20, 2006. The Company is “exploration stage company” and is primarily engaged in the acquisition, exploration and development of mineral properties The company holds several mineral properties and is currently focusing its resources in assessing the mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.  

The Company used to describe itself as: “Mining Global’s objective is to build and operate world-class mines and develop a robust portfolio of assets in North America with the focus on organic growth and early stage acquisitions. The exceptional experience and strength of Mining Global’s management team, combined with the excellent infrastructure and robust economics of the Arizona mining industry, sets Mining Global to become a leading Gold development and mining company.” 

https://twitter.com/mn_goat_trader/status/1583101881827483649

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MNGG

https://twitter.com/Retro1upArmy/status/1583176793393008640

On September 1 MNGG tweeted: “$MNGG management is happy to disclose that we finally obtained access to OTCIQ. We are updating company information as well as financials and disclosures in order to re-gain CURENT status” 

On September 20 MNGG tweeted: “Hello $MNGG followers. We are ready to roll out out 1st merger with Pink current as we continue to bring co back to the norm” they also retweeted Mina Mar Group’s tweet: “$MNGG we got restarted. Legal opinion in next 7 days then co is pink current. HUGE lithium Merger in the wings overhang is at 0016.” 

On October 18 MNGG tweeted: “OTC still reviewing $MNGG, we expect results any day ahead of the planned merger that should see $MNGG resume where it left off.” 

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Currently trading at a $2.2 market valuation MNGG OS is 7,225,161,617 with a float of 5,923,361,617 shares and authorized is 7,350,000,000 meaning the OS is almost maxed out and the Company cannot issue any more shares. This is a lottery play but a good one here as it’s still not tradable on most brokerages and is still undiscovered. We have covered many reverse merger plays that ran to $100’s of millions valuations at $2.2 million MNGG has a lot of room to grow especially once they go pink current and more information is released on the planned lithium merger. We will be updating on MNGG when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in MNGG either long or short and we have not been compensated for this article.

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