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Lithium Exploration Group, Inc. (LEXG)

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Last Post: 10/25/2014 12:41:53 AM - Followers: 220 - Board type: Free - Posts Today: 3

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
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Current Price
Bid Ask Day's Range
LEXG News: Statement of Changes in Beneficial Ownership (4) 10/24/2014 05:54:04 PM
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
News News Alert: Statement of Changes in Beneficial Ownership (4) 10/24/2014 05:54:04 PM
#9042   thank you aj 348 10/25/14 12:41:53 AM
#9041   you will get 1 every 20 you have aj 348 10/25/14 12:30:41 AM
#9040   Devo33, the 2$ and 8$ advertisement was published several jetflyers 10/25/14 12:06:57 AM
#9039   Noticed a statement in the filing about terminating Nkore 10/24/14 11:25:52 PM
#9038 Nkore 10/24/14 11:19:34 PM
#9037   do not see a filling on edgar as aj 348 10/24/14 09:11:03 PM
#9036   Looks like a form 4 was filed by Nkore 10/24/14 06:27:21 PM
#9035   LEXG - Form 4 for CFO... shows about lodoguy 10/24/14 06:25:25 PM
#9034   LEXG - Chemist certainly he has to file lodoguy 10/24/14 05:52:29 PM
#9033   LEXG - Agreed Devo33... we are use to lodoguy 10/24/14 05:46:48 PM
#9032   NOW I REMEMBER, In Feb 2013, Ray Dirks Devo33 10/24/14 04:49:45 PM
#9031   supposed to be filed within 2 business days chemist72 10/24/14 04:44:17 PM
#9030   He will, just takes time. Devo33 10/24/14 04:41:36 PM
#9029   Devo33 10/24/14 04:39:17 PM
#9028   Doesn't Walsh have to file an SEC Form4 chemist72 10/24/14 04:35:46 PM
#9027   A nice weekend to you as well sir! The_Riddler 10/24/14 04:23:21 PM
#9026   Remember, LEXG is a very small company. I Devo33 10/24/14 04:22:09 PM
#9025   LEXG - This was a very nice week... lodoguy 10/24/14 04:12:32 PM
#9024   $.0059, nice close for the week - chemist72 10/24/14 04:11:14 PM
#9023   Nice close today!! Curious to see what next The_Riddler 10/24/14 04:10:43 PM
#9022   See my post #8899, 16oct, I did talk Devo33 10/24/14 03:51:10 PM
#9021   I bet avocet owns more shares than all gettinby 10/24/14 03:40:23 PM
#9020   I think you better move on to another Devo33 10/24/14 03:35:10 PM
#9019   LEXG - Chemist - I saw it pop lodoguy 10/24/14 01:50:14 PM
#9018   Good to see CEO risking his own $ PENNYMACHINE 10/24/14 01:45:06 PM
#9017   Yeah, but will it last more than ONE day?? chemist72 10/24/14 01:44:40 PM
#9016   Do my eyes deceive me?? .0059 on the chemist72 10/24/14 01:42:31 PM
#9015   Making a nice comeback today PENNYMACHINE 10/24/14 01:40:18 PM
#9014   LEXG - Yes good Chemist... a mini run... lodoguy 10/24/14 01:38:04 PM
#9013   Holy crap batman - a mini uptrend - LOL chemist72 10/24/14 01:34:22 PM
#9012   LEXG - intra day price back up to lodoguy 10/24/14 01:32:50 PM
#9011   IF you are long, you HAVE to be chemist72 10/24/14 12:37:43 PM
#9010   LEXG - Chemist that would be great! lodoguy 10/24/14 12:29:27 PM
#9009   Finally, low volume and possibly price stabilization - chemist72 10/24/14 11:53:53 AM
#9008   LEXG - the company must be doing something lodoguy 10/24/14 11:24:59 AM
#9007   Breakoutttttt!!!! freshcoat 10/24/14 10:38:59 AM
#9006   Devo33, if you are right with your calculations and jetflyers 10/24/14 03:21:07 AM
#9005   These LEXG people are a bunch of CROOKS. avocet 10/24/14 12:34:44 AM
#9004   No I was wrong. I also used today's Devo33 10/23/14 11:19:27 PM
#9003   you were correct with the 62.5.... scoobydooby 10/23/14 08:36:57 PM
#9002   In post 9000 I made a typo. The Devo33 10/23/14 06:55:28 PM
#9001   LEXG - Okay two days up 10% consecutively... lodoguy 10/23/14 04:14:35 PM
#9000   Ok, I've read through all the posts since Devo33 10/23/14 01:48:45 PM
#8999   I agree about the short. Bid and Ask DJPB1984 10/23/14 01:16:40 PM
#8998   LEXG - LODOGUY - the iHub intro Nkore 10/23/14 12:33:36 PM
#8997   lodoguy check out IG lab chart , old Mt 10/23/14 12:27:20 PM
#8996   LEXG - I would love to see a lodoguy 10/23/14 11:55:34 AM
#8995   LEXG - there are ways to answer questions lodoguy 10/23/14 11:50:37 AM
#8994   LEXG - germanium I believe this information is lodoguy 10/23/14 11:49:45 AM
#8993   passing .0045 puts us in Breakout territory freshcoat 10/23/14 11:43:00 AM