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Lithium Exploration Group, Inc. (LEXG)

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Last Post: 9/21/2014 11:56:40 AM - Followers: 214 - Board type: Free - Posts Today: 10

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)

Mineral Rights to 650,000 acres on Valleyview project


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






Grid energy storage is becoming a tangible business opportunity for cleantech companies and automakers these days – it's all that's left of Coda, for example, and Toyota is open to the opportunities. Sun-power provider SolarCity has entered the market with DemandLogic, a smart energy storage system designed to deal with what it calls two major pain points for businesses: rising utility demand charges and increasing grid outages. SolarCity is using Tesla Motors' advanced battery technology to deliver the stored energy. Tesla's role in DemandLogic is providing the software that manages the discharge of stored energy. Of course, Tesla CEO Elon Musk is also Chairman of SolarCity and provided financing for the company many years ago. We first heard about the two companies working together on energy storage systems last year.

SolarCity will sell its storage systems through 10-year service agreements that require monthly payments but no upfront costs. SolarCity has also been interested in EV charging for many years.
Company Officers and Directors
Alex Walsh              CEO, President, Secretary, Treasurer, Dir. 
Bryan Kleinlein CFO
OTC Market Tier OTCQB
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  • 6M
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Current Price
Bid Ask Day's Range
LEXG News: Proxy Soliciting Materials (revised) (prer14a) 09/18/2014 05:10:40 PM
LEXG News: Lithium Exploration Group CEO Quoted in Two Industry Articles 09/12/2014 10:10:00 AM
LEXG News: Lithium Exploration Group CEO Distributes September Newsletter 09/11/2014 11:28:00 AM
LEXG News: Statement of Changes in Beneficial Ownership (4) 09/03/2014 03:56:12 PM
LEXG News: Lithium Exploration Group Discusses Expanded Relationship with Technology Partner 09/03/2014 09:00:10 AM
#6452  Sticky Note Lithium brines - the only economic lithium source Nkore 03/07/14 01:32:56 AM
#8363   Even more SOL than before the split. avocet 09/21/14 11:56:40 AM
#8362   These CROOKS know how to go through the motions... avocet 09/21/14 11:48:39 AM
#8361   These FRAUD MERCHANTS won't fool me. avocet 09/21/14 11:42:31 AM
#8360   People have caught on to this SCAM. avocet 09/21/14 07:50:47 AM
#8359   STOCK MARKET AUTHORITY heavily pumped this FRAUD 3 avocet 09/21/14 07:44:40 AM
#8358   Disclaimer/Disclosure: The public companies covered by Research Reports UserAlias1 09/21/14 03:02:26 AM
#8357   Investors-Hub-has-been paid-a-total-of $2,000 by Ultimate-Effects for-the-distribution of-thi UserAlias1 09/21/14 02:43:36 AM
#8356   95% reduction-in-shares, and-they-still-raise-the A/S by 300% to 2,000,000,000!!! UserAlias1 09/21/14 02:20:54 AM
#8355   LOL, so-they-are-doing-a 20/1 reverse-split AND-raising-approved-shares-f UserAlias1 09/21/14 02:11:09 AM
#8354   If you buy this stock, get ready to fall. holter 09/21/14 01:21:21 AM
#8353   These LEXG people are just crafty CROOKS. avocet 09/20/14 10:54:30 PM
#8352   They're so adept at DECEPTION! avocet 09/20/14 10:25:03 PM
#8351   Management is Obsessed with Selling. They can't JacksonDawg 09/20/14 01:39:28 PM
#8350   LITHIUM EXPLORATION GROUP, INC. JacksonDawg 09/20/14 01:36:43 PM
#8349   Hay man a little help here please. I Oil Dude 09/20/14 11:43:25 AM
#8348   You are right, still lots of people want forestli 09/20/14 07:54:37 AM
#8347   $LEXG at least a 3 year old scam! UserAlias1 09/20/14 12:19:19 AM
#8346   LEXG is a 3-year old SCAM avocet 09/19/14 11:45:47 PM
#8345   LMAO, LEXG listed-under 'penny-stock'... Another-example of-an-activity-that skirts-the-bor UserAlias1 09/19/14 11:44:11 PM
#8344   I bought this stock.68 five years ago. Sold transfer 09/19/14 09:27:40 PM
#8343   When was that? Never? $LEXG UserAlias1 09/19/14 09:23:55 PM
#8342   This use to be a good stock transfer 09/19/14 09:16:07 PM
#8341   Congratulations new investors - you bought at the bottom. Hellgirl 09/19/14 08:08:09 PM
#8340   Following the pattern of disclosure to the public Mr. Ideally 09/19/14 04:15:33 PM
#8339   It'll go .05 before .005. TIme will tell LEXG Mr. Ideally 09/19/14 04:14:09 PM
#8338   NO......I mean .005 The funniest part of nrcmedia 09/19/14 04:05:12 PM
#8337   This will be over a penny soon Mr. Ideally 09/19/14 04:03:08 PM
#8336   You mean .05? Mr. Ideally 09/19/14 04:02:43 PM
#8335   I think Hellgirl is predicting 40 more days nrcmedia 09/19/14 04:01:55 PM
#8334   73s up :) Mr. Ideally 09/19/14 03:58:05 PM
#8333   Wish I didn't get screwed over by etrade Mr. Ideally 09/19/14 03:57:40 PM
#8332   Oh, for sure getting hit good here. Mr. Ideally 09/19/14 03:54:55 PM
#8331   Next week we go back up srvguitar 09/19/14 03:30:09 PM
#8330   I did not expect much from LEXG for Nkore 09/19/14 03:20:25 PM
#8329   Hmmm - I hope you are correct .... chemist72 09/19/14 03:08:30 PM
#8328   LEXG - 2M share on the buy side lodoguy 09/19/14 02:46:54 PM
#8327   LEXG - Lakingsphan certainly not a bad guideline lodoguy 09/19/14 01:32:41 PM
#8326   Wish my ESP were better - chemist72 09/19/14 01:30:48 PM
#8325   I sold my position at .0063 and took lakingsphan0427 09/19/14 01:26:02 PM
#8324   LEXG - Chemist... I certainly am down significantly lodoguy 09/19/14 01:14:55 PM
#8323   You're "only" down 30% - much better than chemist72 09/19/14 01:05:57 PM
#8322   It's a JOB well DONE for ALEX on Nkore 09/19/14 01:03:41 PM
#8321   LEXG - Lakinsphan... you caught a pocket knife... lodoguy 09/19/14 12:59:12 PM
#8320   WOOOW I can't believe I caught a falling lakingsphan0427 09/19/14 11:51:56 AM
#8319   I think it will be much better for shareholders Nkore 09/19/14 11:41:03 AM
#8318   LEXG - If the financiers are going to lodoguy 09/19/14 11:39:31 AM
#8317   LEXG - Nkore isn't that a good thing lodoguy 09/19/14 11:29:28 AM
#8316   They'll find them another spin master from the Nkore 09/19/14 11:26:18 AM
#8315   0.005 @ the conner forestli 09/19/14 11:23:58 AM
#8314   LEXG - who do they get to run lodoguy 09/19/14 11:21:05 AM