Lithium Exploration Group CEO Distributes April 2014 Newsletter
April 07 2014 - 8:45AM
Marketwired
Lithium Exploration Group CEO Distributes April 2014 Newsletter
SCOTTSDALE, AZ--(Marketwired - Apr 7, 2014) - Lithium
Exploration Group Inc. (OTCQB: LEXG) CEO addresses shareholders
with his monthly newsletter:
Dear Shareholders,
March was another strong month for Lithium Exploration
Group. We began the month by completing the acquisition of 50%
of Tero Oilfield Services and continued to expand our sales efforts
at our Morinville Facility.
It is imperative that we continue to execute positively on our
disposal business strategy: improving sales, trimming overhead, and
minimizing wasteful expenses. We are a young company with
success to date in restarting a suspended facility and acquiring an
active asset, but we need to show that we are able to improve
profitability and sales at these facilities. This will lead to
additional acquisitions, increased profitability, and allow us the
possibility of greater investment in our technology and lithium
exploration efforts.
The quarter beginning April 1 and ending June 30 will be a huge
bellwether for the future of LEXG. We expect to see continued
revenue growth and profit margins at both of our facilities and, if
we execute properly, we will be in a great position to expand all
of our business interests.
The lithium marketplace has also been a hot topic of discussion
in the past month. I put my two cents into the discussion last
week but you should also consider reading this article put out by
Lithium Investing News about what other companies are saying:
http://lithiuminvestingnews.com/8586/lithium-stocks-demand-supply.
We consider that we are a strong player in the space because we
are endeavoring to speed up the supply chain via our technology
application, which will make it easier for us to time market
fluctuations than traditional solar evaporation
producers.
Our technology partners at Sonic Cavitation continue to develop
their field testing program and, as soon as they have that program
in place, we will be updating our shareholders
accordingly. The critical step in expanding this technology is
showing what it can do in a field application.
In the past month, we have considered four additional
acquisition targets for our disposal business in Western
Canada. We passed on three of the facilities and made an offer
to purchase the fourth. Unfortunately that offer was not
accepted. We are looking to add facilities that we feel fit
the core of the business, but we are not going to overpay for a
facility that we don't feel we can make meaningful improvements
too.
We are full steam ahead and look forward to a bright future with
you all as our partners!
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