LEXG Lithium Exploration Group Develops Cornerstone Solution For
Small Cap Lithium Market Boom Anticipated By Credit Suisse
Phoenix, AZ - January 4, 2017 - InvestorsHub NewsWire -
Lithium Exploration Group Inc. (LEXG)
today announced plans to deploy a proprietary technology solution
expected to substantially improve the internal rate of return (IRR)
and margins of lithium harvesting operations. The capital
expenditures (CAPEX) to harvest lithium brines are exponentially
less than the CAPEX required to mine lithium from hard rock. The
time from exploration to the delivery of usable lithium is
substantially shorter when harvesting lithium from brine than when
mining lithium from hard rock. The earths supply of lithium is
vast, but not conveniently contained within concise geographical
confines. Credit Suisse has published
research that suggests multiple small lithium brine harvesting
operations may present a CAPEX and return on investment (ROI)
scenario more attractive to investors than large scale mining
operations:
"Lithium brine deposits typically outperform hard rock and clay
lithium sources on cost, sustainability and permitting. This gap is
becoming more pronounced when we take into account technological
advancements in brine processing....even though lithium is
relatively abundant, it's the 33rd most common element its very
diffuse throughout nature, meaning that collecting and
concentrating it is a very difficult task."
Tomorrow, January 5, 2017, LEXG will release on online
presentation, available on demand, providing a detailed overview on
the Companys development of a proprietary technology solution to
dramatically improve lithium harvesting operational efficiencies by
both reducing harvesting time frames and improving extracted
lithium purity.
The foundation of LEXGs proprietary technology solution is built
on the Companys experience with triggering a hyper-purification
phenomenon from the application of mechanical ultrasound to induce
controlled cavitation. The controlled cavitation technology,
developed by LEXGs partner, Sonic Cavitation Ltd., has been tested
in the purification of oil field wastewater. The technology can
also separate lithium from brine. LEXG is now engaged with Sonic
Cavitation to refine the application of the cavitation technology
specifically for the lithium industry.
LEXG is also actively negotiating the acquisition of additional
related lithium refinement technologies to augment the cavitation
technology. The presentation to be published tomorrow, January 5,
2017 will highlight LEXGs strategy to create a unique ROI
opportunity for its shareholders by offering a cornerstone
technology solution especially valuable to the Credit Suisse
anticipated proliferation of small-cap lithium brine harvesting
companies.
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