SonCav Agrees to Expand
Lithium Exploration Group's Distribution Territory to Cover All of
the Americas for Lithium Applications
Phoenix, AZ October 3, 2017 -- Lithium Exploration Group Inc.
(USOTC: LEXG) announced today that it has
reached an agreement with SonCav to expand its sales territory to
cover lithium extraction applications in North and South America.
After successful prototype testing of the Oil Unit in Texas over
the past 15 months Lithium Exploration Group will now focus all of
its efforts on sales and distribution of the SonCav technology to
corporate partners. The expanded relationship will give Lithium
Exploration Group the ability to target long term distribution
relationships with existing producers and initiate discussions with
companies that are still in the development phase.
"We are extremely excited to make this announcement. We are one
of the most recognizable brands in the lithium industry and
ultimately want to be able to use that brand to work
collaboratively with exploration and development companies to bring
this amazing technology to the lithium market," commented CEO Alex
Walsh. "We have preached for years that this technology has the
ability to significantly reduce capex required to extract lithium
from continental brines and speed up the extraction process. In
many cases, the utilization of the SonCav technology could be the
difference between a project being viable or not. Our goal is to
present this technology to every lithium producer from here to
Santiago in the next year."
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