LITHIUM EXPLORATION GROUP IN DISCUSSIONS TO ACQUIRE TWO LITHIUM BATTERY DESIGN PATENTS
August 30 2017 - 8:22AM
InvestorsHub NewsWire
Phoenix, AZ – August 30,
2017 -- Lithium Exploration Group Inc. (USOTC: LEXG) announced today that it is
engaged in discussions with the owner of two lithium battery
patents to partner on the establishment of a lithium technology
development company. LEXG intends to establish a subsidiary
entity that will hold this intellectual property (IP) as well as
others that come available. Currently the discussions center
on appointing the inventor to be Chief Technology Officer of the
subsidiary entity in order to evaluate market penetration of future
IP acquisitions, as well as to support the research and development
of new patents in the industry.
“At our core, we are a
technology development company and we want to be on the forefront
of the lithium industry. We feel strongly that the SonCav
technology will change the way that lithium is extracted from the
earth. The SonCav technology is on a great path and, with the
visibility of success with our oil and gas investments, we will be
able to reinvest those dollars to support emerging technologies
across the industry,” commented CEO Alex Walsh. “Over the
past year, we have begun looking at novel intellectual property
that we can assist in bringing to market. The important part
for us is building a foundation now from which we can grow. I
hope to be able to announce an agreement with this inventor as
early as next week.”
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 the
Sonic Cavitation Ltd. technology and the acquisition of oil and gas
related assets in the US and 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