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Lithium Exploration Group, Inc. (LEXG)

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Last Post: 8/21/2014 11:04:36 AM - Followers: 206 - Board type: Free - Posts Today: 2   

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.

Contact Info 3200 N. Hayden Road Suite 300 Scottsdale, AZ, 85251 Phone: 305-677-9456 Email:




Lithium Exploration Group: Technology Overview  (video)  Ultrasonic Reactor patent Inventor

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






Walmart is getting into the truck-design business with the WAVE--Walmart Ad


vanced Vehicle Experience--concept.

With its aerodynamic cab, the WAVE certainly doesn't look like any other large truck currently on U.S. roads.

The design was achieved in part by placing the driver in the center of the cab. The steering wheel is flanked by LCD screens--in place of conventional gauges--and there is a sleeping compartment directly behind the driver's pod.

The WAVE features a range-extended electric powertrain, consisting of a Capstone micro-turbine and an electric motor.


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.

LEXG Security Details
Share Structure
Market Value1 $10.5 M a/o May 23, 2014
Shares Outstanding Approx. 177.2 M a/o May 23, 2014
Authorized Shares 500 M a/o May 23, 2014
Par Value 0.001
Company Officers and Directors
Alex Walsh              CEO, President, Secretary, Treasurer, Dir. 
Bryan Kleinlein CFO
SIC - Industry Classification 1000 - Metal Mining
Business Status Exploration Stage Company a/o Sep 30, 2006
Incorporated In: NV, USA
Reporting Status U.S. Reporting: SEC Filer
CIK 0001375576
Fiscal Year End 6/30
OTC Market Tier OTCQB
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Current Price
Bid Ask Day's Range
LEXG News: Current Report Filing (8-k) 08/12/2014 06:00:08 AM
LEXG News: Statement of Changes in Beneficial Ownership (4) 08/11/2014 07:42:58 PM
LEXG News: Statement of Ownership (sc 13g) 08/11/2014 03:27:48 PM
LEXG News: Amended Statement of Changes in Beneficial Ownership (4/a) 08/07/2014 04:59:30 PM
LEXG News: Current Report Filing (8-k) 08/07/2014 04:32:19 PM
#7283  Sticky Note No complaints from me on June Newsletter: chemist72 06/10/14 09:47:39 AM
#6452  Sticky Note Lithium brines - the only economic lithium source Nkore 03/07/14 01:32:56 AM
#7829   Will we see another EOD whack job?? chemist72 08/21/14 11:04:36 AM
#7828   Mr. Walsh: STOP DILUTION; RESTORE CONFIDENCE TO LEXG - chemist72 08/21/14 10:19:52 AM
#7827   Hopefully sonic cavitation becomes a valid technology for lodoguy 08/20/14 07:33:24 PM
#7826   What do you guys think the odd are streaming 08/20/14 06:49:36 PM
#7825   Some good info on sonic cavitation - chemist72 08/20/14 11:39:58 AM
#7824   Whatever, don't you mean patience sellers. me first. streaming 08/20/14 11:28:35 AM
#7823   Distribution network complete READY FOR LIFT OFF! Patience sisters!! Hellgirl 08/20/14 11:24:36 AM
#7822 THE FUTURE WILL ARRIVE GO LEXG Hellgirl 08/20/14 11:22:54 AM
#7821   Thanks for the link - chemist72 08/20/14 11:19:43 AM
#7820   Patience needed!! GO LEXG Hellgirl 08/20/14 11:02:51 AM
#7819   Looking good for now - great info Nkore 08/20/14 10:32:28 AM
#7818   News for LEXG streaming 08/20/14 10:18:15 AM
#7817   I was just about to make that correction. Brighteyes212 08/19/14 09:08:22 PM
#7816   Investors Hub has been paid a total of TRAPPER JIM 08/19/14 08:56:17 PM
#7815   Who are the buyers that are accumulating at lodoguy 08/19/14 06:33:37 PM
#7814   Another HUGE trade - 1,926,500 @ $.0302 .... chemist72 08/19/14 03:52:58 PM
#7812   Someone's buying these shares at current prices - Nkore 08/19/14 02:49:53 PM
#7811   Wow, 1,500,000 share trade just crossed at $.03 - chemist72 08/19/14 01:56:48 PM
#7810   In the last 9 months the CEO has retiredanalyst 08/19/14 01:40:00 PM
#7809   I'm out. Damn trailmaker 08/19/14 01:35:45 PM
#7808   I did see that chemist....what do think Hellgirl nrcmedia 08/19/14 01:22:56 PM
#7807   Stay calm - reassess your reasons for holding chemist72 08/19/14 01:06:49 PM
#7806   I can't figure out why people want to forestli 08/19/14 12:47:24 PM
#7805   2's up next (Bid now $0.029 - LOL) .... chemist72 08/19/14 12:47:23 PM
#7804   Stay on the sinking boat? I really don't forestli 08/19/14 12:43:17 PM
#7803   Stay in the boat!! The water is cold..!! Hellgirl 08/19/14 12:34:58 PM
#7802   Maybe we will see .02X at the end forestli 08/19/14 12:15:38 PM
#7801   ncr, your $.030 for LEXG is almost here chemist72 08/19/14 12:03:48 PM
#7800   People finally wising up to the HUGE DILUTION chemist72 08/19/14 11:23:21 AM
#7799   Another end of day whack job coming? chemist72 08/19/14 10:44:35 AM
#7798   Did you see the LEXG pop up? Brighteyes212 08/18/14 09:08:43 PM
#7797   What I am guessing as an intelligent reader nrcmedia 08/18/14 08:00:34 PM
#7796   I tend to agree with that theory as may2009 08/18/14 06:37:04 PM
#7795   My guess for drops seen here is not chemist72 08/18/14 05:42:13 PM
#7794   Watching this stock can be frustrating. There are streaming 08/18/14 04:18:40 PM
#7793   My guess is stock sales represent the only lodoguy 08/18/14 12:08:55 PM
#7792   Oops, my mistake - 10-K is due 9/29/14 .... chemist72 08/18/14 10:26:07 AM
#7791   10-Q was due last Thursday - chemist72 08/18/14 09:11:53 AM
#7790   Wow, sorry guys. He is right. trailmaker 08/18/14 08:32:27 AM
#7789   Correction, Alex sold 1.5M shares for about $58,000 chemist72 08/18/14 08:00:44 AM
#7788   Correction, since July 8th. trailmaker 08/17/14 05:15:16 PM
#7787   Alex sold $611,734 of stock since June 8th. trailmaker 08/17/14 04:52:28 PM
#7786   Inorout....this guy Alex is a real piece of nrcmedia 08/17/14 03:27:17 PM
#7785   I should just pay you the $100 for may2009 08/16/14 05:27:31 PM
#7784   Streaming, lol! It appears I bought $100 Brighteyes212 08/16/14 04:28:52 PM
#7783   Brighteyes, can you let us know before you streaming 08/16/14 04:01:40 PM
#7782   I look forward to getting out of this Brighteyes212 08/16/14 11:50:06 AM
#7781   Ok I am leveraging to get out of Brighteyes212 08/16/14 11:47:45 AM
#7780   Thank you for providing something with substance. I'm may2009 08/16/14 11:46:20 AM
#7779   I was looking at the price per share Inorout 08/16/14 03:37:57 AM