LEXG heres the news Lithium Exploration Group (LEX
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Posted On: 01/04/2017 10:43:14 AM
LEXG heres the news Lithium Exploration Group (LEXG) Develops Cornerstone Solution For Small Cap Lithium Market Boom Anticipated By Credit Suisse
Accesswire AccesswireJanuary 4, 2017Comment
PHOENIX, AZ / ACCESSWIRE / January 4, 2017 / Lithium Exploration Group Inc. (OTC PINK: LEXG) today announced plans to deploy a proprietary technology solution expected to substantially improve the internal rate of return (IRR) and margins of lithium harvesting operations. The capital expenditures (CAPEX) to harvest lithium brines are exponentially less than the CAPEX required to mine lithium from hard rock. The time from exploration to the delivery of usable lithium is substantially shorter when harvesting lithium from brine than when mining lithium from hard rock. The earths supply of lithium is vast, but not conveniently contained within concise geographical confines. Credit Suisse has published research that suggests multiple small lithium brine harvesting operations may present a CAPEX and return on investment (ROI) scenario more attractive to investors than large scale mining operations:
"Lithium brine deposits typically outperform hard rock and clay lithium sources on cost, sustainability and permitting. This gap is becoming more pronounced when we take into account technological advancements in brine processing....even though lithium is relatively abundant, it's the 33rd most common element its very diffuse throughout nature, meaning that collecting and concentrating it is a very difficult task."
Tomorrow, January 5, 2017, LEXG will release a on online presentation, available on demand, providing a detailed overview on the Company's development of a proprietary technology solution to dramatically improve lithium harvesting operational efficiencies by both reducing harvesting time frames and improving extracted lithium purity.
The foundation of LEXGs proprietary technology solution is built on the Company's experience with triggering a hyper-purification phenomenon from the application of mechanical ultrasound to induce controlled cavitation. The controlled cavitation technology, developed by LEXGs partner, Sonic Cavitation Ltd., has been tested in the purification of oil field wastewater. The technology can also separate lithium from brine. LEXG is now engaged with Sonic Cavitation to refine the application of the cavitation technology specifically for the lithium industry.
LEXG is also actively negotiating the acquisition of additional related lithium refinement technologies to augment the cavitation technology. The presentation to be published tomorrow, January 5, 2017 will highlight LEXGs strategy to create a unique ROI opportunity for its shareholders by offering a cornerstone technology solution especially valuable to the Credit Suisse anticipated proliferation of small-cap lithium brine harvesting companies.
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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is 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.
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Accesswire AccesswireJanuary 4, 2017Comment
PHOENIX, AZ / ACCESSWIRE / January 4, 2017 / Lithium Exploration Group Inc. (OTC PINK: LEXG) today announced plans to deploy a proprietary technology solution expected to substantially improve the internal rate of return (IRR) and margins of lithium harvesting operations. The capital expenditures (CAPEX) to harvest lithium brines are exponentially less than the CAPEX required to mine lithium from hard rock. The time from exploration to the delivery of usable lithium is substantially shorter when harvesting lithium from brine than when mining lithium from hard rock. The earths supply of lithium is vast, but not conveniently contained within concise geographical confines. Credit Suisse has published research that suggests multiple small lithium brine harvesting operations may present a CAPEX and return on investment (ROI) scenario more attractive to investors than large scale mining operations:
"Lithium brine deposits typically outperform hard rock and clay lithium sources on cost, sustainability and permitting. This gap is becoming more pronounced when we take into account technological advancements in brine processing....even though lithium is relatively abundant, it's the 33rd most common element its very diffuse throughout nature, meaning that collecting and concentrating it is a very difficult task."
Tomorrow, January 5, 2017, LEXG will release a on online presentation, available on demand, providing a detailed overview on the Company's development of a proprietary technology solution to dramatically improve lithium harvesting operational efficiencies by both reducing harvesting time frames and improving extracted lithium purity.
The foundation of LEXGs proprietary technology solution is built on the Company's experience with triggering a hyper-purification phenomenon from the application of mechanical ultrasound to induce controlled cavitation. The controlled cavitation technology, developed by LEXGs partner, Sonic Cavitation Ltd., has been tested in the purification of oil field wastewater. The technology can also separate lithium from brine. LEXG is now engaged with Sonic Cavitation to refine the application of the cavitation technology specifically for the lithium industry.
LEXG is also actively negotiating the acquisition of additional related lithium refinement technologies to augment the cavitation technology. The presentation to be published tomorrow, January 5, 2017 will highlight LEXGs strategy to create a unique ROI opportunity for its shareholders by offering a cornerstone technology solution especially valuable to the Credit Suisse anticipated proliferation of small-cap lithium brine harvesting companies.
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 testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is 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.
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