PHOENIX, AZ, United States, via ETELIGIS INC., 11/03/2014 – – Lithium Exploration Group, Inc. (OTC Pink: LEXG) (PINKSHEETS: LEXG), announces an update on the status of the SonCav Ultrasonic Generator. Last week the technology inventor Dr. Glotov was on the east coast working with their manufacturing partner on the final component required for their fully operational water treatment unit. The water unit was successfully tested in Houston earlier this year and is now ready for frac water testing in the field.
On this trip to the states Dr. Glotov also completed the final designs to the crude oil testing unit which are underway and expected to be completed over the next few weeks. Upon completion the unit will be shipped to Tero Oilfield Services for field testing.
“We are pleased to report progress on both the water and oil treatment units. They each have unique customization and process design features that have required a lot of manpower and time. We are close to the finish line on both and are excited to move these projects to the field where we can begin the commercialization and monetization process,” commented CEO Alex Walsh.
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.
SOURCE: Lithium Exploration Group, Inc.