LEXG Announces Online Presentation on Pending $1.2 M Contract and Potential $1.5 Million In Follow
January 27 2017 - 10:00AM
InvestorsHub NewsWire
Lithium
Exploration Group Announces Online Presentation on Pending $1.2 M
Contract and Potential $1.5 Million In Follow
Phoenix, AZ -- January 27, 2017 -- InvestorsHub NewsWire --
Lithium Exploration Group Inc. (USOTC:
LEXG) today announced the Company has published an
online presentation further detailing the recently disclosed a
pending $1.2 million contract for access to the Sonic Cavitation
Ltd. lithium harvesting technology that could lead to an additional
$1.5 million in follow on contracts promptly after the execution of
the initial contract:
Lithium Mining and Refinement Systems
Integration Contract Presentation
$1.2 Million Contract Overview
The pending contract calls for LEXG’s 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
discloses further measures LEXG is currently
undertaking in conjunction with the contract under negotiation.
Lithium Bull Market Fueled By President Trump
The presentation includes a market-wide perspective on the lithium
bull market fueled in no small part by President Trump’s
Inauguration and some of his recent lithium industry related
actions such as his inclusion of Tesla’s (NASDAQ:
TSLA) CEO, Elon Musk on the President’s Council of
Business Leaders, and the President’s demand for the automotive
industry to create more US jobs and how increased electric car
production might generate those jobs.
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
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