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Lithium Exploration Group, Inc. (LEXG)

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Last Post: 10/22/2014 3:44:48 PM - Followers: 219 - Board type: Free - Posts Today: 0

Lithium Exploration Group is a U.S.-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 on its Western Canada and South America properties. Lithium Exploration Group is a fully reporting company traded on the Nasdaq OTCBB under the symbol LEXG.


Lithium Exploration Group: Technology Overview  (video)


We have one wholly-owned subsidiary, Alta Disposal Ltd., a company incorporated in the province of Alberta, Canada on July 8, 2011. This
subsidiary was formed to stake MAIM (Metallic and Industrial Mineral) rights in Alberta directly from the government. Alta Disposal Ltd. presently
holds approximately 550,000 acres of MAIM rights in Alberta that were staked between July and December of 2011. We also have a partially
owned subsidiary, Alta Disposal Morinville Ltd., an Alberta, Canada corporation, and a partially owned investment, Tero Oilfield Services Ltd., an
Alberta, Canada corporation.

Oilfield Waste Disposal
Wardlow Facility   (Tero Aquisition) Class 1B well Morinville Facility (BlueTap Resources Aquisition)
Class 1B well - limited Class 1A status

Lithium Exploration Group CEO Discusses Lithium Markets 8:45 AM ET 3/27/14 | Marketwire

Lithium Exploration Group Inc. (OTCQB: LEXG) CEO Alex Walsh discusses the recent activity and commentary around the lithium industry:

There have been a number of articles written in recent weeks about the lithium industry and I have personally received a huge influx of calls from shareholders and interested parties trying to get a handle on what is going on out there. I want to take a moment to answer some questions and comment on what is being reported in the media.

Tesla - Tesla's gigafactory concept is brilliant. It vertically integrates their operations, allowing for the Tesla brand to expand while controlling unnecessary third party costs and expenses in the supply chain.  
-- Supply and Demand Discussion    
-- Historically, lithium prices more than tripled over the 10-year period from 2000 to 2010. That demand was driven by iPods, cell phones, tablets, and laptops. There is roughly a two-year production cycle in the solar evaporation process to produce lithium from brine (which makes up a majority of the global supply of lithium) so, as demand increased, supply could not meet those needs, spawning huge spot price fluctuations.    
-- Prices have stabilized in recent years near $6,000/ton but there have been reports of oversupply recently holding prices steady even though electric vehicles have continued to grow in popularity. I expect that this will change rapidly perhaps more rapidly than people can quantify because the amount of lithium needed in a car battery is one hundred times the amount required for a laptop computer or a tablet. Supply needs must be initiated now to meet the 2017 goal of Tesla, and I believe that Tesla will begin to acquire as much lithium supply as it can get its hands on in North America to further the vertical integration of the electric vehicle production and insulate it from price volatility.
-- When will that happen?
 -- Only Elon Musk and his advisory team know for sure when this will happen, but it is not going to be an overnight decision. As they have with their expansion into the market, they will certainly look at all options, but I am confident that they will buy the lithium they need to run this gigafactory. SQM (Chile) is the largest producer of lithium in the world (and owned by Potash Corp of Saskatchewan). Tesla could easily acquire SQM and ensure their supply for decades to come. -- What does this mean for the rest of the global market? -- Strap on your seatbelts because there will be a frenzy of activity all over the globe trying to replace the 10,000 - 15,000 tons of lithium carbonate that Tesla will be consuming.
-- What does this mean for Lithium Exploration Group? -- I think that, at the end of the day, we have a separation technique designed to target lithium chloride and produce lithium carbonate, a 43-101 and hydrogeological study complete on the region and aquifer we are trying to target, and a technology that we hope will speed up the brine evaporation process from months to minutes. -- I don't know if Tesla will look to buy our knowledge, technology rights, our team, or our production but I do know that what they are doing to drive demand and visibility to the lithium exploration market will be good for us either way.
Sincerely, Alex Walsh CEO - Lithium Exploration Group, Inc


Lithium Exploration Group CEO Comments on Tesla's Lithium-Ion Battery Plans

SCOTTSDALE, AZ--(Marketwired - Mar 3, 2014) - On Friday, Tesla Motors Inc. CEO Elon Musk publicly discussed their plan to build the world's largest lithium-ion battery factory and locate it in the United States. At Lithium Exploration Group (OTCQBLEXG) we are very excited to see this development from one of the industry giants.

We started exploring the concept of low cost production of lithium carbonate in Canada in 2011 for exactly this moment in time. With the successful testing of the technology we intend to use to extract lithium from oilfield brine in Alberta, we are ready to continue with bench scale testing of the separation technique we designed in 2012 to target lithium, potassium, and other minerals.

Most of the global supply of lithium carbonate is produced in Chile and much of that production is spoken for by Asian manufacturers of lithium-ion batteries. Much like Mr. Musk, we feel very strongly that the demand for lithium-ion batteries will be driven by applications associated with solar and wind power, which require significantly greater amounts of lithium than car batteries.

Markets are driven by supply and demand. Mr. Musk, Tesla, and Solar City have just changed the demand for North American lithium for decades to come.

Alex Walsh
Lithium Exploration Group



Alex Walsh              CEO, President, Secretary, Treasurer, Dir. 
Bryan Kleinlein CFO
OTC Market Tier OTCQB
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Current Price
Bid Ask Day's Range
LEXG News: Lithium Exploration Group Discusses Positive Revenue from Tero Operations 10/21/2014 10:10:10 AM
LEXG News: Annual Report (10-k) 10/14/2014 04:14:37 PM
LEXG News: Statement of Changes in Beneficial Ownership (4) 10/14/2014 06:28:20 AM
LEXG News: Statement of Changes in Beneficial Ownership (4) 10/09/2014 07:49:09 PM
LEXG News: Lithium Exploration Group CEO Distributes October Newsletter 10/08/2014 10:26:08 AM
#8981   LEXG - Scoobydooby - it is due 45 lodoguy 10/22/14 03:44:48 PM
#8980   when is the 10Q being released? scoobydooby 10/22/14 03:31:38 PM
#8979   mm VFIN parked @ the .0044's ..wiggle room here~ freshcoat 10/22/14 11:29:30 AM
#8978   I agree not to hold long term. With DJPB1984 10/22/14 10:33:20 AM
#8977   The problem for LEXG is that losses are Inorout 10/22/14 10:17:20 AM
#8976   The news is out, but it doesn't reassure DJPB1984 10/22/14 09:57:15 AM
#8975   Without the (M)arket (M)anipulators this would have jumped Hellgirl 10/22/14 09:55:23 AM
#8974   Packed on a few Pounds (Shares) Looking for Hellgirl 10/22/14 09:52:13 AM
#8973   NEWS IS OUT!!! the bull 10/22/14 08:57:20 AM
#8972 maxxy118 10/22/14 08:54:33 AM
#8971 davidsson10 10/22/14 08:53:51 AM
#8970   I expect Lexg price to continue falling and co pilot 10/22/14 08:51:28 AM
#8969   TAKE A LOOK @ OTHER WASTE WATER DISPOSAL the bull 10/21/14 05:41:02 PM
#8968   It is really frusterating that I couldn't get DJPB1984 10/21/14 05:09:52 PM
#8967   LEXG - the 10-K for the FYE June lodoguy 10/21/14 05:06:20 PM
#8966   LEXG - Inorout... fair enough... we are lodoguy 10/21/14 04:28:48 PM
#8965   I never said they were the same thing. Inorout 10/21/14 03:24:08 PM
#8964   Revenue & Net Losses are not the same thing... lodoguy 10/21/14 02:21:15 PM
#8963   LEXG had no revenue for the 4th Quarter, Inorout 10/21/14 02:14:02 PM
#8962   Revenue, I believe. gettinby 10/21/14 02:04:33 PM
#8961   The revenue of $ 410,000 from March to germanium123 10/21/14 01:07:48 PM
#8960   The revenue of $ 410,000 from March to germanium123 10/21/14 01:07:47 PM
#8959   Put in an order earlier today for .0030 DJPB1984 10/21/14 11:40:17 AM
#8958   LEXG - Nkore I don't think .003's are lodoguy 10/21/14 11:36:28 AM
#8957   LEXG - May2009 I am not adding interim lodoguy 10/21/14 11:10:58 AM
#8956   Bought @ 0.0032 - averaging down! Nkore 10/21/14 11:09:27 AM
#8955   I think I'm gonna hold out til after may2009 10/21/14 10:53:35 AM
#8954   LEXG - There are plenty of buyers... I lodoguy 10/21/14 10:41:30 AM
#8953   .005's Near!!!!!!! freshcoat 10/21/14 10:41:17 AM
#8952   This can be a good day trade though. DJPB1984 10/21/14 10:39:31 AM
#8951   The revs are coming .......the revs are coming scoobydooby 10/21/14 10:38:35 AM
#8950   Huge buy here ;) Cheers Impacto 10/21/14 10:27:48 AM
#8949   Cheapies here! Grab 'em while ya can!!!!!!! freshcoat 10/21/14 10:11:21 AM
#8948   No one wants to own shares in this co pilot 10/21/14 10:10:20 AM
#8947   News . In Note 14 of the Financial Statements, Will37 10/21/14 09:40:28 AM
#8946   Good News out in yahoo finance scoobydooby 10/21/14 08:32:26 AM
#8945   LEXG - four months of revenues reported through lodoguy 10/20/14 10:32:16 PM
#8944   Weeeeeeeeeeee!!!! freshcoat 10/20/14 07:45:28 PM
#8943   Losses reported last week are 50% larger than Inorout 10/20/14 07:14:43 PM
#8942   You seem to be mocking anyone who has gettinby 10/20/14 06:03:30 PM
#8941   Panasonic???LITHIUM????TESLA????$$$$$$$$ sailorboy1 10/20/14 04:13:33 PM
#8940   LEXG - WOW! That was a fun lodoguy 10/20/14 04:10:15 PM
#8939   Alex handing out lumps of coal to anyone chemist72 10/20/14 02:31:41 PM
#8938   Unfortunately you are correct DJPB - chemist72 10/20/14 01:40:55 PM
#8937   Anyone expecting 002's this week?? chemist72 10/20/14 01:32:22 PM
#8936   Buy now and make some money for your scoobydooby 10/20/14 11:49:00 AM
#8935   Alex has big plans for LEXG - chemist72 10/20/14 11:40:31 AM
#8934   I am still holding, but don't expect much DJPB1984 10/20/14 10:26:55 AM
#8933   Hold those shares...make people pay a premium...dont sell scoobydooby 10/20/14 10:22:47 AM
#8932   $1 scoobydooby 10/20/14 10:15:41 AM