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Lithium Exploration Group, Inc. (LEXG)

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Last Post: 4/22/2014 10:06:17 PM - Followers: 188 - 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.

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 Advanced 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.

To reduce weight, the entire truck is made of carbon fiber--including the trailer.

Walmart says this is the first example of a carbon-fiber trailer ever produced, and that its 53-foot side panels are the first single pieces of carbon fiber that large that have ever manufactured.


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 $7,450,722 a/o April 11, 2014
Shares Outstanding Approx. 142,000,000 a/o April 11, 2014
Authorized Shares 500,000,000 a/o Sep 26, 2013
Par Value 0.001
Company Officers and Directors
Alex Walsh              CEO, President, Secretary, Treasurer, Dir. 
Jonathan Jazwinski Director                                               
Brandon Colker Director
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: Lithium Exploration Group Places Order for Crude Oil Prototype 04/22/2014 08:51:00 AM
LEXG News: Lithium Exploration Group Decreases Conversion Discount in New Financing 04/15/2014 08:45:00 AM
LEXG News: Lithium Exploration Group Announces Q1 Production at Tero Oilfield Services 04/10/2014 08:45:00 AM
LEXG News: Lithium Exploration Group CEO Distributes April 2014 Newsletter 04/07/2014 08:45:00 AM
LEXG News: Lithium Exploration Group CEO Discusses Lithium Markets 03/27/2014 08:45:00 AM
News News Alert: Lithium Exploration Group Places Order for Crude Oil Prototype 04/22/2014 08:51:00 AM
#6811  Sticky Note Reminder of forthcoming LEXG advancements, per February's 10Q flyboyjo 04/08/14 08:53:13 AM
#6452  Sticky Note Lithium brines - the only economic lithium source Nkore 03/07/14 01:32:56 AM
#6920   <What about actual production, anyone?> chemist72 04/22/14 10:06:17 PM
#6919   It seems like theres an awful lot of brunomars12 04/22/14 08:39:29 PM
#6918   I'm more optimistic. coldengineer 04/22/14 04:30:18 PM
#6917   YEP:) Hellgirl 04/22/14 04:02:53 PM
#6916   I would say some people sold 637225 (so FullName 04/22/14 03:48:12 PM
#6915   Amazing, .05 held for 2nd day in a chemist72 04/22/14 03:45:53 PM
#6914   Someone sold 50k. why? minute chart looks good Hellgirl 04/22/14 03:31:27 PM
#6913   Start getting a little leg up about now. Hellgirl 04/22/14 03:30:31 PM
#6912   Hellgirl, what kind of timeframe are you looking brunomars12 04/22/14 03:21:30 PM
#6911   Doubled my position! GL to you also. Hellgirl 04/22/14 03:10:17 PM
#6910   I'm looking to give LEXG up to 3 JJArcher 04/22/14 11:38:02 AM
#6909   Picked up a starter position. Glta. GoldWtrade 04/22/14 11:37:28 AM
#6908   Yes it is nice to see New Developments, co pilot 04/22/14 10:16:29 AM
#6907   Yes, but will I be young enough to brunomars12 04/22/14 09:53:23 AM
#6906   LEXG Places Order for Crude Oil Prototype FullName 04/22/14 09:21:36 AM
#6905   NEWS!!!!!!!!!!!!!!!!! Penny Land Player 04/22/14 09:12:03 AM
#6904   Interesting developement, like seeing continuing progress. Glad I JJArcher 04/22/14 09:11:28 AM
#6903   Contracting volume for the last 6 days. FullName 04/21/14 10:13:35 PM
#6902   doubling position on this one tomorrow morning. $$$$getting ready$$$ Hellgirl 04/21/14 08:31:01 PM
#6901   Yep-hard to predict the next monster move - Nkore 04/21/14 07:12:24 PM
#6900   I'm just grabbing at any ray of sunshine brunomars12 04/21/14 05:23:50 PM
#6899   Don't rely on my predictions - LOL chemist72 04/21/14 01:54:30 PM
#6898   I hope Chemist is right and in 2 brunomars12 04/21/14 12:32:59 PM
#6897   OK, so we trend sideways until May or co pilot 04/21/14 10:20:29 AM
#6896   Sideways for a few more weeks - chemist72 04/21/14 10:16:35 AM
#6895   Unfortunately this won't be the day or week, co pilot 04/21/14 10:03:39 AM
#6894   Why Not? co pilot 04/21/14 09:58:36 AM
#6893   Why this week? chemist72 04/21/14 09:51:53 AM
#6892   Hopefully, this week we can finally see Lexg co pilot 04/21/14 09:06:07 AM
#6891   Global Implications flyboyjo 04/20/14 01:36:20 PM
#6890   Board E-Mail Sign up List for LEXG flyboyjo 04/20/14 09:53:42 AM
#6889   No, I judge this company by what they chemist72 04/19/14 04:51:08 PM
#6888   Does this mean you have faith in the brunomars12 04/19/14 04:07:02 PM
#6887   <Does this company actually exist?> chemist72 04/19/14 04:04:22 PM
#6886   Good time to accumulate, May should be a RS Development 04/18/14 08:14:22 AM
#6885   Does this company actually exist? brunomars12 04/17/14 08:10:07 PM
#6884   What about some field test results of the Will37 04/17/14 03:18:09 PM
#6883   Any news, positive of course screened out 04/17/14 12:43:47 PM
#6882   Kinda slow day. What news are you expecting? brunomars12 04/17/14 11:39:49 AM
#6881   Last time it spiked to .20 with any brunomars12 04/16/14 04:27:50 PM
#6880   Up, Down, sideways for a few more weeks. streaming 04/16/14 04:14:39 PM
#6879   What do you think is .05 our base brunomars12 04/16/14 04:06:51 PM
#6878   Guys, putting your lunch money on then off streaming 04/16/14 03:28:17 PM
#6877   Looks like we're getting some kind of buying brunomars12 04/16/14 02:58:10 PM
#6876   You're late to the game with this argument. flyboyjo 04/16/14 09:05:55 AM
#6875   Trade it, that's how you beat them at brunomars12 04/16/14 07:01:03 AM
#6874   Does make alot of sense what you said, co pilot 04/16/14 04:44:59 AM
#6873   The amazing thing about LEXG is that since Inorout 04/16/14 12:39:19 AM
#6872   If we get any sort of good news brunomars12 04/15/14 04:57:53 PM
#6871   Great to accumulate! Hellgirl 04/15/14 11:58:08 AM