Lithium
Exploration Group Announces
Significant Progress on White Top
Closing
Phoenix,
AZ -- March
01,
2018 -- InvestorsHub
NewsWire --
Lithium Exploration
Group (USOTC: LEXG) announced today that
its partners in the
White Top project are making great progress on
the preparations to close on the ultimate acquisition of the field
and development strategy. The seismic data has been fully processed
and continues to impress all parties that have looked at it.
The in-house
geophysical team is drilling down on a series of
shallow fault blocks that are visible in the data set and comparing
them to historical production in order to finalize the development
prioritization schedule. The team at White Top is
working tirelessly
to complete the environmental and legal diligence to close on the
transaction and we are very excited about the progress being
made.
"The seismic
shoot was a long and tedious project, but we have always had
confidence in the project and the team we've assembled
to execute on their
strategy. Our royalty associated with their development will be a
huge step for LEXG because it has the potential to underwrite all
of our expenses as well as generate a profit for the company,"
commented CEO Alex Walsh. "It will be very exciting to
start the preparation of our year-end financial statements in
June with the consolidation of cash flow into the company and
eliminating the necessity for outside financing."
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 sales and distribution
of 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