Lithium Exploration Group in talks to License Energy Storage
Technology
Tempe, AZ -- March 9, 2017 -- InvestorsHub NewsWire -- Lithium
Exploration Group Inc. (USOTC:
LEXG) today announced that it is in discussions with a company
about licensing their energy storage technology. The company is
focusing on licensing their energy storage technology and is hoping
that Lithium Exploration Group will be willing to continue the
commercialization effort, in return for a royalty stream in the
future. The intellectual property under discussion is believed to
be a piece of technology that would ultimately be of part of the
Sonic Cavitation Ltd. water unit. It would allow for the collection
and storage of energy before it is transported or used. It also
could have potential applications of significance in the wind and
solar power industries.
This IP is of interest to us mainly because, when we are running
the Sonic Cavitation Ltd. Unit for Lithium Production with Brines
or with Frac Water it generates a significant amount of steam. Our
goal is to capture that steam discharge to condense it into a fresh
water stream and also to harness it as a power generator. This IP
would allow us to store that steam-generated power until it is
needed, commented CEO Alex Walsh. We are still in discussions with
the lithium aggregator about licensing the Sonic Cavitation Ltd.
for the purposes of lithium extraction.
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