Lithium Exploration Group Engages Innovation Associates Founder
Eric R Dix to Evaluate Patented Lithium IP for Acquisition
Phoenix, AZ -- January 24, 2017 -- InvestorsHub NewsWire --
Lithium Exploration Group Inc. (USOTC:
LEXG) today announced engaging Innovation Associates founded by leading advanced
battery technology industry expert Eric R. Dix to evaluate a
targeted portfolio of U.S. Patented Lithium Technologies. The
targeted lithium patents are part of a suite of products being
evaluated by LEXG in conjunction with a recently announced lithium
aggregating entity. In the contemplated contract LEXG would receive
an initial $1.2 million for access to the Sonic Cavitation Ltd.
lithium harvesting technology. The $1.2 million would just be the
beginning of regular income from the contract providing access to
the Sonic Cavitation Ltd. lithium harvesting technology.
LEXG announced on Thursday, January 19, 2017, a presentation
schedule to be published this week detailing the recently disclosed
negotiation anticipated to result in the $1.2 million contract for
access to the Sonic Cavitation Ltd. lithium harvesting technology.
LEXG expects to publish the presentation before the end of this
week.
The pending contract calls for LEXGs strategic engagement with
an integrator of various technologies and services that amount to a
turnkey capacity for delivering usable lithium ready for battery
production. In addition to explaining in greater depth the contract
under negotiation, the presentation will disclose further measures
LEXG is currently undertaking in conjunction with the contract
under negotiation.
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 testing its SonCav Technology and the
acquisition of oil and gas related assets in Western Canada.
Lithium Exploration Group is traded on the OTC Markets 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
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com