FORM 4 Filed for ALEX WALSH!!!! (http://www.sec.gov/Archives/edgar/data/0001375576/000143245314000091/0001432453-14-000091-index.htm )
It's Official ALEX WALSH has sold NO ("0" / "ZERO") Shares between August 27th and his purchase of 2,500,000 shares on October 22nd... as confirmed on SEC.gov... Further ALEX WALSH is prohibited from selling any of his 10,909,259 held on October 22nd for a period of six months through April 2015!!! It certainly looks like ALEX is confident in where LEXG is going and willing to make a commitment and not looking to get as much money out of the company as possible in a short time!!!
"On January 1, 2014, we forfeited the originally optioned lands from Golden Virtue (formerly First Lithium Resources Inc.).
On February 23, 2014, the Valleyview property was forfeited due to our failure to incur sufficient exploration expenditures (during the two year time period from staking) as required by the Province of Alberta."
From Page 27- http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10247777#FORM10K_HTM_PAGE_27
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.
$LEXG DD Notes ~ http://www.ddnotesmaker.com/LEXG
$LEXG recent news/filings
Tue, 11 Nov 2014 15:04:00 GMT
~ Lithium Exploration Group Discusses Technology, Hydraulic Fracturing, and Sustainability
[Accesswire] - PHOENIX, AZ / ACCESSWIRE / November 11, 2014 / Lithium Exploration Group, Inc. (OTCQB: LEXG), has invested significant time and energy into an oil and gas technology to assist in the treatment of oilfield waste...
read full: http://finance.yahoo.com/news/lithium-exploration-group-discusses-technology-130400214.html Thu, 6 Nov 2014 15:50:00 GMT
~ Lithium Exploration Group CEO Distributes November 2014 Newsletter
[Accesswire] - PHOENIX, AZ / ACCESSWIRE / November 6, 2014 / Lithium Exploration Group, Inc. (OTCQB: LEXG), CEO Alex Walsh discusses ongoing business activity in his November 2014 newsletter...
read full: http://finance.yahoo.com/news/lithium-exploration-group-ceo-distributes-133000380.html Mon, 3 Nov 2014 14:50:00 GMT
~ Lithium Exploration Group Updates Shareholders on Status of Ultrasonic Technology
[Accesswire] - PHOENIX, AZ / ACCESSWIRE / November 3, 2014 / Lithium Exploration Group, Inc. (OTCQB: LEXG), announces an update on the status of teh SonCav Ultrasonic Generator ...
read full: http://finance.yahoo.com/news/lithium-exploration-group-updates-shareholders-123000107.html Tue, 28 Oct 2014 12:48:00 GMT
~ Lithium Exploration Group Announces New Technology Partnership
[Accesswire] - PHOENIX, AZ / ACCESSWIRE / October 28, 2014 / Lithium Exploration Group, Inc. (OTCQB: LEXG), announced today that it is in discussions with a Texas-based company with a proprietary chemical additive that ...
read full: http://finance.yahoo.com/news/lithium-exploration-group-announces-technology-124800146.html Thu, 23 Oct 2014 13:10:00 GMT
~ Lithium Exploration Group CEO Purchases 2,500,000 Shares of Stock
[Accesswire] - PHOENIX, AZ / ACCESSWIRE / October 23, 2014 / Lithium Exploration Group, Inc. (OTCQB: LEXG), announced today that CEO Alex Walsh purchased 2,500,000 shares of common stock yesterday in the open market. ...
read full: http://finance.yahoo.com/news/lithium-exploration-group-ceo-purchases-131000748.html Wed, 22 Oct 2014 12:45:00 GMT
~ Lithium Exploration Group CEO Responds to Shareholder Concerns
[Marketwired] - Lithium Exploration Group Inc. CEO Alex Walsh addresses shareholder comments and concerns:
read full: http://finance.yahoo.com/news/lithium-exploration-group-ceo-responds-124500724.html Tue, 21 Oct 2014 17:04:11 GMT
~ LITHIUM EXPLORATION GROUP, INC. Financials
read full: http://finance.yahoo.com/q/is?s=lexg Tue, 21 Oct 2014 12:15:00 GMT
~ Lithium Exploration Group Discusses Positive Revenue From Tero Operations
[Marketwired] - On Wednesday of last week, Lithium Exploration Group, Inc. filed its annual Form 10K. In Note 14 of the Financial Statements, the revenue from operations at Tero Oilfield Services is reported. From March ... read full: http://finance.yahoo.com/news/lithium-exploration-group-discusses-positive-121500080.html
Lithium Exploration Group: Technology Overview
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 (OTCQB: LEXG) 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.
Lithium Exploration Group
LITHIUM APPLICATIONS in the NEWS lately
PICTURE _ COURTESY TESLA.COM
|Alex Walsh ||CEO, President, Secretary, Treasurer, Dir. |
|Bryan Kleinlein ||CFO |
- For the year June 30th 2013 to June 30th 2014
current assets: $138,013
current liabilities: $3.41 million
annual revenues: $35,285
net loss: $7.7 million
Septebmer 30, 2014 Quarterly 10-Q Financial Data available:
- CASH: $ 177,820
CURRENTASSETS: $ 222,978
INVESTMENT IN SUBSIDIARY: $ 973,176
REVENUES @ LEXG Level: $ 16,067
REVENUES @ SUBSIDIARY: $ 406,358 (NOTE: Represents 3 months ended September 2014)
NET INCOME @ LEXG level: $ 118,616 (NOTE: FIRST EVER REPORT OF NET INCOME)
NET INCOME @ SUBSIDIARY: $ 96,846 (NOTE: LEXG GETS 50% OF THIS QTR END SEPTEMBER)
CURRENT LIABILITIES: $1,635,985 (NOTE: This is a REDUCTION of $1,781,917 in a 3 MONTH PERIOD)
NET LOSS: $ ZERO... ZERO... ZERO