March was another strong month for Lithium Exploration Group. We began the month by completing the acquisition of 50% of Tero Oilfield Services and continued to expand our sales efforts at our Morinville Facility.
It is imperative that we continue to execute positively on our disposal business strategy: improving sales, trimming overhead, and minimizing wasteful expenses. We are a young company with success to date in restarting a suspended facility and acquiring an active asset, but we need to show that we are able to improve profitability and sales at these facilities. This will lead to additional acquisitions, increased profitability, and allow us the possibility of greater investment in our technology and lithium exploration efforts.
The quarter beginning April 1 and ending June 30 will be a huge bellwether for the future of LEXG. We expect to see continued revenue growth and profit margins at both of our facilities and, if we execute properly, we will be in a great position to expand all of our business interests.
The lithium marketplace has also been a hot topic of discussion in the past month. I put my two cents into the discussion last week but you should also consider reading this article put out by Lithium Investing News about what other companies are saying: http://lithiuminvestingnews.com/8586/lithium-stocks-demand-supply.
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