SCOTTSDALE, AZ - October 08, 2014 - Lithium Exploration Group Inc.
(
OTCQB:
LEXG) CEO Alex Walsh discusses ongoing business activity in his
October 2014 newsletter:
Dear Shareholders,
Later today we will be filing our June 30, 2014 10K. This
is obviously a time-consuming effort, as busy as we have been over
the past 12 months. However, it is a much more thorough and
appropriate way for you to extract information about our company
than a monthly letter to shareholders.
In the most recent fiscal year, we have acquired two waste
disposal facilities and successfully tested the ultrasonic
generator into which we have invested significant time and
resources. The quarter ending June 30, 2014 will see the first
meaningful revenue that we have generated as a company since our
inception. Over the past month, we have retired almost half of
the debt that we took on in March to complete the Tero Oilfield
investment, and we have raised additional capital to take on a
larger stake in the company beginning January 2015.
I think that we are in fantastic shape to move our business
forward. We have two disposal facilities in Alberta and
interest in a technology that has numerous industrial applications
which will save customers money in areas as diverse as water
treatment and steam generation.
Our market capitalization is not so fantastic. Competing
firms such as Secure Energy, Clean Harbours, and Newalta, are much
larger than we are, but trade publicly at 30 to 50 times
earnings. I believe that we will be able to justify a market
cap over $100 million in the next 12 to 18 months. This opinion is
based upon the direction we are headed, a comparison with other
public companies, and the added value that we bring to waste
disposal and oil treatment with the ultrasonic technology. I
realize that this may seem farfetched, but if you look at the
competition and the way they got started, we are not far behind -
and none of them had a potentially game-changing technology in
their arsenal.
Enjoy the 10K and look for a more detailed update on our
progress next month.
Sincerely,
Alex Walsh
CEO
Lithium Exploration Group
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:
Contact Info
Ten Associates, LLC
Tom Nelson
480-326-8577
info@lithiumexplorationgroup.com