Lithium Exploration Group Discusses Expanded Relationship with Technology Partner
03 September 2014 - 11:00PM
InvestorsHub NewsWire
Phoenix, AZ - September 03, 2014 - InvestorsHub NewsWire
- Lithium Exploration Group Inc. (OTCQB:
LEXG) today announced that management is in discussion with
their technology partners about an expanded relationship as the
technology is deployed. Discussions have begun concerning an
expanded role in the service and maintenance of technology units in
Canada and the potential of expanding the geography outside of
Canada to certain regions of the United States. Field testing
of both the water and oil units is scheduled to take place in the
final quarter of the year. Once those field tests have been
completed, the expectation is to immediately have units ready for
commercial distribution.
“The field testing is critical for the next steps in deploying
the technology. We collectively must prove that these units
can not only compete with current technologies but are in fact
cheaper to build, cheaper to operate, and have higher output,”
commented CEO Alex Walsh. “The initial testing in February
confirmed this thesis, but it now must be run in the field and
independently validated. We have made a significant
investment of time and money into this technology because of our
belief that it will be revolutionary to the oil and gas
industry. Other than the inventor himself, we are the most
knowledgeable folks on earth to assist in the ramp up and
deployment of the technology. We are working collaboratively
with our partners at SonCav (www.soncav.com) to ensure the testing
and deployment strategy is a success. Discussions at this
point about an expanded role are preliminary, but would potentially
be good for LEXG,
SonCav, and LEXG
shareholders alike.”
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and
development company focused on the acquisition and development
potential of lithium brines and other precious metals that
demonstrate high probability for near-term production. Currently
the company is focused on its Western Canada lithium assets,
testing its Ultrasonic Generator Technology and the acquisition of
oil and gas related assets in Western Canada. Lithium Exploration
Group is a fully reporting company traded on the OTCQB under the
symbol LEXG.
Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements".
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future
testing of the ultrasonic technology.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of lithium
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking
statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contact Info
Tom Nelson
480-326-8577
info@lithiumexplorationgroup.com