$LEXG News Out
TEMPE, AZ / ACCESSWIRE / March 9, 2017 / Lithium Exploration Group Inc. (OTC PINK: LEXG) today announced that it is in discussions with a company about licensing their energy storage technology. The company is focusing on licensing their energy storage technology and is hoping that Lithium Exploration Group will be willing to continue the commercialization effort, in return for a royalty stream in the future. The intellectual property under discussion is believed to be a piece of technology that would ultimately be part of the Sonic Cavitation Ltd. water unit. It would allow for the collection and storage of energy before it is transported or used. It also could have potential applications of significance in the wind and solar power industries.
"This IP is of interest to us, mainly, because when we are running the Sonic Cavitation Ltd. Unit for Lithium Production with Brines or with Frac Water, it generates a significant amount of steam. Our goal is to capture that steam discharge to condense it into a fresh water stream, and also to harness it as a power generator. This IP would allow us to store that steam-generated power until it is needed," commented CEO, Alex Walsh. "We are still in discussions with the lithium aggregator about licensing the Sonic Cavitation Ltd. for the purposes of lithium extraction."
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.
Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
SOURCE: Lithium Exploration Group Inc.
TEMPE, AZ / ACCESSWIRE / March 9, 2017 / Lithium Exploration Group Inc. (OTC PINK: LEXG) today announced that it is in discussions with a company about licensing their energy storage technology. The company is focusing on licensing their energy storage technology and is hoping that Lithium Exploration Group will be willing to continue the commercialization effort, in return for a royalty stream in the future. The intellectual property under discussion is believed to be a piece of technology that would ultimately be part of the Sonic Cavitation Ltd. water unit. It would allow for the collection and storage of energy before it is transported or used. It also could have potential applications of significance in the wind and solar power industries.
"This IP is of interest to us, mainly, because when we are running the Sonic Cavitation Ltd. Unit for Lithium Production with Brines or with Frac Water, it generates a significant amount of steam. Our goal is to capture that steam discharge to condense it into a fresh water stream, and also to harness it as a power generator. This IP would allow us to store that steam-generated power until it is needed," commented CEO, Alex Walsh. "We are still in discussions with the lithium aggregator about licensing the Sonic Cavitation Ltd. for the purposes of lithium extraction."
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.
Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
SOURCE: Lithium Exploration Group Inc.
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