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Lithium Exploration Group, Inc. (LEXG)

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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 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 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
LEXG News: Lithium Exploration Group Announces Successful Demonstration Testing of Ultrasonic Generator 03/10/2014 08:45:00 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
#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
#6870   Monthly Volume figures FullName 04/15/14 10:51:29 AM
#6869   Nice News for Fluff but No effect on co pilot 04/15/14 10:08:00 AM
#6868   Very good news, 50% conversion, now 35% FullName 04/15/14 09:39:59 AM
#6867   Anyone know price of 506??? brawnycha 04/15/14 09:02:40 AM
#6866   My 2 cents - see message #6828 chemist72 04/14/14 02:05:51 PM
#6865   We're probably a month away from any tangible Nkore 04/14/14 10:15:48 AM
#6864   Any thoughts on the week ahead? JJArcher 04/14/14 09:27:26 AM
#6863   About to turn the corner (UP) on this Hellgirl 04/12/14 06:31:33 PM
#6862   Big boys are just shaking the tree. FullName 04/11/14 11:05:02 AM
#6861   Then why would someone want to Sell the co pilot 04/11/14 10:53:35 AM
#6860   ONE MILLION on the BID side at 0.05 FullName 04/11/14 10:33:28 AM
#6859   Very good interview and good find. This coldengineer 04/11/14 09:41:24 AM
#6858   Great interview I ran across this evening from flyboyjo 04/10/14 10:37:05 PM
#6857   EVERY SINGLE SQUARE INCH OF THE ENTIRE STOCK 1 million 04/10/14 09:07:52 PM
#6856   LOL, I think it was ME who said chemist72 04/10/14 02:33:10 PM
#6855   Profitability would be nice but I believe that coldengineer 04/10/14 02:25:18 PM
#6854   If I believe your revenue math - chemist72 04/10/14 02:21:55 PM
#6853   Looks like just 50% at the moment with coldengineer 04/10/14 02:10:23 PM
#6852   I forget, what % of Tero does LEXG chemist72 04/10/14 01:56:17 PM
#6851   TOTALLY AGREE, JUST DOSEN'T MAKE SENSE WHERE IS co pilot 04/10/14 12:12:37 PM
#6850   Thats what im saying this stock should be Paulyb1011 04/10/14 12:06:06 PM
#6849   They sure blew past my expectations for a Nkore 04/10/14 11:11:06 AM
#6848   Per this math and the latest Tero revenue coldengineer 04/10/14 10:38:06 AM
#6847   As I mentioned in my previous post, News co pilot 04/10/14 10:01:58 AM
#6846   Next 10Q is going to be explosive. The flyboyjo 04/10/14 09:46:42 AM
#6845   Unfortunately, the News Report although positive will NOT co pilot 04/10/14 09:21:57 AM
#6844   Great news if this doesnt help the stock Paulyb1011 04/10/14 09:12:52 AM
#6843   Fair enough - would be great to actually Nkore 04/10/14 12:44:52 AM
#6842   How bout this nkore meet me in arizona Paulyb1011 04/10/14 12:36:19 AM
#6841   I dont point fingers i tell it like Paulyb1011 04/10/14 12:34:23 AM
#6840   Walk the walk tired of the bs Paulyb1011 04/10/14 12:33:21 AM
#6839   It is too early to start pointing fingers Nkore 04/10/14 12:21:30 AM
#6838   If that is so then it was premature Paulyb1011 04/09/14 11:11:24 PM
#6837   I think you are spot on with that flyboyjo 04/09/14 08:58:20 PM
#6836   Maybe there is no revenue that can be Nkore 04/09/14 03:52:04 PM
#6835   Idc what anyone says walsh needs to post Paulyb1011 04/09/14 02:53:09 PM
#6834   Not until the results are shown, this is co pilot 04/09/14 02:19:04 PM
#6833   March was another strong month for Lithium Exploration Penny Land Player 04/09/14 01:56:52 PM
#6832   Come on Penny you know better then to co pilot 04/09/14 01:54:22 PM