Lithium Exploration Group Updates Shareholders on Alta Disposal Activity
Lithium Exploration Group Updates Shareholders on Alta Disposal Activity
SCOTTSDALE, AZ--(Marketwired - Nov 25, 2013) - This past summer, Lithium Exploration Group Inc. (OTCQB: LEXG) established Alta Disposal, a wholly-owned subsidiary headquartered in Alberta, Canada to operate the waste disposal facilities acquired in Western Canada. Alta Disposal has already purchased one facility near Morinville, AB, which has been returned to active status and staffed to bring in revenue in December. It has also entered into an LOI to acquire a second facility near Wardlow, AB, which (for tax considerations of the seller) will close in January 2014. Alta Disposal is looking at its next phase of acquisitions that it hopes to complete in 2014, which will diversify its activity by type of facility and location. These extend from Manitoba to British Colombia and, once complete, will immediately make Alta Disposal a major player in the waste disposal industry in Western Canada.
"We are presently looking at seven additional disposal facilities across Western Canada that range in size and services. We will update shareholders immediately if there is material progress on any of these opportunities. At this stage we are looking to find the right fit for our future plans with Alta Disposal," commented CEO Alex Walsh. "With the right partnerships, and the successful deployment of our ultrasonic cavitation technology, we will be a major disruption to the industry's status quo."
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 OTCQB 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
Lithium Exploration Group Updates Shareholders on Alta Disposal Activity
SCOTTSDALE, AZ--(Marketwired - Nov 25, 2013) - This past summer, Lithium Exploration Group Inc. (OTCQB: LEXG) established Alta Disposal, a wholly-owned subsidiary headquartered in Alberta, Canada to operate the waste disposal facilities acquired in Western Canada. Alta Disposal has already purchased one facility near Morinville, AB, which has been returned to active status and staffed to bring in revenue in December. It has also entered into an LOI to acquire a second facility near Wardlow, AB, which (for tax considerations of the seller) will close in January 2014. Alta Disposal is looking at its next phase of acquisitions that it hopes to complete in 2014, which will diversify its activity by type of facility and location. These extend from Manitoba to British Colombia and, once complete, will immediately make Alta Disposal a major player in the waste disposal industry in Western Canada.
"We are presently looking at seven additional disposal facilities across Western Canada that range in size and services. We will update shareholders immediately if there is material progress on any of these opportunities. At this stage we are looking to find the right fit for our future plans with Alta Disposal," commented CEO Alex Walsh. "With the right partnerships, and the successful deployment of our ultrasonic cavitation technology, we will be a major disruption to the industry's status quo."
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 OTCQB 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
