Phoenix, AZ - December 02, 2014 - InvestorsHub NewsWire -
Lithium Exploration Group, Inc. (OTCPINK:
LEXG) today gave an update to shareholders on progress with the
SonCav technology units. The water unit is on track for full
field unit completion later this month. It will initially be
tested in-house, and then will go to the field for demonstration
testing to prospective customers in Texas.
A team from LEXG visited the machine shop in Houston last week
to get a progress update on assembly of the oil unit. Final
modifications are being made and it is expected that the unit will
be ready to be shipped for testing in early January 2015. The
team at Tero is already making preparations to receive the unit, so
that testing of oil can begin immediately. Testing and data
collection will take place on-site, working closely with the SonCav
team and their manufacturing partner to analyze the performance of
the unit at various intervals and temperatures.
“We are extremely excited to be where we are today. The
successful testing of the water unit earlier this year was a huge
step for the development of this technology, but now we are ready
to send both units to the field and see them in action. It is
beneficial that SonCav will be gathering performance data on both
the water unit and the oil unit at the same time,” commented CEO
Alex Walsh. “It has been a long road for us and for our
partners at SonCav, but we have all known that this day was coming
and we have never wavered from our confidence in this technology,
which will certainly be disruptive and dynamic across many
applications. It is a testament to the devotion of inventor
Dr. Glotov and his partners that we have come this far and are
collectively ready to take a huge step forward in 2015.”
About Lithium Exploration Group
Lithium Exploration Group is a US-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 lithium assets,
testing its Ultrasonic Generator Technology and the acquisition of
oil and gas related assets in Western Canada. Lithium Exploration
Group is a fully reporting company traded on the OTC Markets under
the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements".
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future
testing of the ultrasonic technology.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of lithium
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com