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Lithium Exploration Group, Inc. (LEXG)

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Last Post: 10/1/2014 4:05:04 PM - Followers: 217 - 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)

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



Alex Walsh              CEO, President, Secretary, Treasurer, Dir. 
Bryan Kleinlein CFO
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Current Price
Bid Ask Day's Range
LEXG News: Proxy Statement (definitive) (def 14a) 09/24/2014 12:50:03 PM
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
#8605   LEXG - the SHORTS disappointed me... C'mon guys lodoguy 10/01/14 04:05:04 PM
#8604   Thanks for the info. I am new at this. gettinby 10/01/14 03:49:36 PM
#8603   Keep in mind authorizing a reverse split doesn't meiko83 10/01/14 01:54:23 PM
#8602   Yes, but 100,000 shares at 20:1 rss is gettinby 10/01/14 12:39:52 PM
#8601   You're number of shares would go down but jpev91 10/01/14 12:35:25 PM
#8600   LEXG - where are my SHORTS... I am lodoguy 10/01/14 12:24:50 PM
#8599   LEXG - I spoke to one of the lodoguy 10/01/14 12:23:15 PM
#8598   Has anyone successfully been able to contact the gettinby 10/01/14 12:07:58 PM
#8597   I've been watching this stock for a few momoney98 10/01/14 11:35:14 AM
#8596   It looks like to me that there is DJPB1984 10/01/14 11:26:52 AM
#8595   long term added to my next mil old Mt 10/01/14 10:26:49 AM
#8594   LEXG is really a ridiculous stock, going high forestli 10/01/14 09:54:12 AM
#8593   Chemist - makes sense Nkore 10/01/14 08:38:59 AM
#8592   Maybe this is why they delayed meeting until chemist72 10/01/14 08:27:32 AM
#8591   "shorts" couldn't-possibly just-be-trying to-save rookie-investors money, who ignore UserAlias1 10/01/14 12:21:58 AM
#8590   Weenie lips seachops 09/30/14 11:05:32 PM
#8589   Pickeld seachops 09/30/14 10:52:24 PM
#8588   LEXG - put in a 1M buy order lodoguy 09/30/14 06:52:18 PM
#8587   Do you have any info on the reverse tiberius23 09/30/14 06:39:44 PM
#8586   At this point, the timely filing is the Nkore 09/30/14 03:58:51 PM
#8585   LEXG - NKore - old habits die hard... lodoguy 09/30/14 03:45:08 PM
#8584   FORMNT 10-K Nkore 09/30/14 03:28:11 PM
#8583   Shorts just trying to scare people into selling DJPB1984 09/30/14 03:09:25 PM
#8582   This is a $2 stock scoobydooby 09/30/14 02:50:45 PM
#8581   Just more-of the-same ridiculously-unproductive-property lol. Will they see UserAlias1 09/30/14 02:16:57 PM
#8580   The shares were currency and we got property Will37 09/30/14 02:06:46 PM
#8579   Yep, says it all in the chart. I Mr. Ideally 09/30/14 01:59:52 PM
#8578   This is very thin back to .01. Easy DJPB1984 09/30/14 01:42:10 PM
#8577   Agreed. People wouldn't be loading if this was DJPB1984 09/30/14 01:41:01 PM
#8576   Looking like LEXG is going to rebound Mr. Ideally 09/30/14 01:24:46 PM
#8575   Doesn't look like dilution to me. Looks more Mr. Ideally 09/30/14 01:23:51 PM
#8574   TONS of dilution in the last Ten Minutes!!! $LEXG UserAlias1 09/30/14 01:21:02 PM
#8573   So many people nought in at .01, so DJPB1984 09/30/14 12:56:29 PM
#8572   I'm with your lodoguy on your pps old Mt 09/30/14 12:50:29 PM
#8571   Haha see...My prediction is very very success! LEXH forestli 09/30/14 12:11:30 PM
#8570   LEXG - I hope my SHORT buddies can lodoguy 09/30/14 11:44:26 AM
#8569   LEXG - Thanks Chemist... I believe this is lodoguy 09/30/14 11:41:32 AM
#8568   Lmao, $LEXG selling ANOTHER $500K in shares! Pretty UserAlias1 09/30/14 11:41:08 AM
#8567   All you say could be true, however, the co pilot 09/30/14 11:07:50 AM
#8566   It seems that market don't by this news! forestli 09/30/14 10:45:34 AM
#8565   LEXG WILL BE CASH-FLOW POSITIVE!!! the bull 09/30/14 09:35:54 AM
#8564   NEWS - chemist72 09/30/14 08:37:55 AM
#8563   With the huge amount of selling...and the most forestli 09/30/14 06:07:41 AM
#8562   LEXG will be less volatile with higher PPS. Hellgirl 09/30/14 12:47:34 AM
#8561   Maybe this will change your mind about reverse Hellgirl 09/30/14 12:45:27 AM
#8560   Only 90000 available: sapient 09/29/14 11:59:44 PM
#8559   Anyone could make a guess. You just got DJPB1984 09/29/14 11:12:45 PM
#8558   As I predicted, this stock won't go anywhere! forestli 09/29/14 11:05:09 PM
#8557   I how so as well . In at DJPB1984 09/29/14 04:09:34 PM
#8556   LEXG - Chemist that is the one certainty... lodoguy 09/29/14 04:03:18 PM