Lithium Exploration Group Finds Immediate Revenue
Opportunity From Proprietary Lithium Technology In Oil Field While
Lithium Market Matures
Tempe, AZ -- April 19, 2017 -- InvestorsHub NewsWire --
Lithium Exploration Group Inc. (USOTC:
LEXG) has published testing performance data and market
research for the Sonic Cavitation Ltd Oil Unit to its website. The document is a
collaboration of actual data collected in testing, with comparisons
to existing natural gas fired burners and provides market feedback
on the highest and best uses of the technology in the oil and gas
industry today. The two best uses of the current technology are (1)
for pipeline operators to heat and circulate oil in their tanks and
(2) to replace conventional natural gas combustion for heat
treatment of oil. In collaboration with Sonic Cavitation Ltd. and
their vendors, Lithium Exploration Group is taking steps to deliver
a unit that meets oil field specified regulation and can be
remotely monitored and operated later this summer.
In Western Canada, the requirement to heat oil is crucial. If
oil cools off, it becomes harder to transport and the heavier
compounds will drop out of solution and become a maintenance
nightmare for operators of fields and pipelines, commented CEO Alex
Walsh. As I said last summer, we are not going to solve all the
worlds problems overnight; but our testing shows that there are
some very addressable solutions that we have already solved for
and, once we get a single unit in the field and can run it 24/7 for
a few months, the Sonic Cavitation team will have more orders for
this design than they will be able to fill.
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.
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