Lithium Exploration Group CEO Distributes June 2014 Newsletter
June 10 2014 - 8:59AM
Marketwired
Lithium Exploration Group CEO Distributes June 2014 Newsletter
SCOTTSDALE, AZ--(Marketwired - Jun 10, 2014) - Lithium
Exploration Group Inc. (OTCQB: LEXG) CEO addresses shareholders
with his monthly newsletter:
Dear Shareholders,
We continue to focus our efforts on our disposal businesses in
Alberta to finish the year in a strong position and to set
ourselves up for a great FY2015, the first full year with these
assets as part of our business.
Here is a brief update on both of our facilities:
Morinville -- We are currently turning away business on high
traffic days because we don't have enough storage tanks on site at
present. This is a good problem to have, but we must be
conscious of customer needs and we are presently working with the
regulators to increase our storage near term to get through the
summer.
We also have engaged an engineering firm to provide a plant
expansion plan to bring the facility up to regulatory standards
that will allow us to dispose of a wider variety of much higher
revenue liquid waste streams.
Wardlow (Tero) -- We continue to work on quotes and designs for
the custom treating operation we plan to add at the Tero
facility. We have been discussing the expansion with customers
to get their feedback and to better understand their
needs. This expanded offering will be rolled out with a full
marketing package to expand our customer base in the area. Many of
the smaller customers simply cannot bring us their produced water
because they need to have a third party remove the oil from the
water before it can be disposed.
By adding custom treating, we feel that we will gather new
customers for this service and be able to capture other solid waste
disposal business at the same time.
Later this month, our oil unit is in process to arrive in Texas,
where final assembly and modifications will be made. We are
looking forward to getting that unit up to Wardlow promptly to work
on the commercialization of this great technology.
Our partners at Sonic Cavitation recently set up a Facebook page
(www.Facebook.com/SonicCavitation) to help promote some of their
humanitarian efforts and expand awareness of the
technology. Check out and 'like' the page, there is some great
information there.
As always, we have a lot going on at Lithium Exploration Group
and we are looking forward to what is shaping up to be a pretty
exciting summer. Next month I will produce our first "Annual
Letter" which will not only provide a synopsis of FY2014 activity,
but will also provide some insight into what next year will look
like for LEXG.
Sincerely, Alex Walsh CEO Lithium Exploration Group,
Inc.
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: Shanon Chilson 480-641-4790
info@lithiumexplorationgroup.com