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Last updated on April 21, 2014 at 5:21 EDT

Latest Lithium Exploration Group Stories

2013-05-08 08:25:42

SCOTTSDALE, Ariz., May 8, 2013 /PRNewswire/ -- Lithium Exploration Group (OTCQB: LEXG.OB) announced today that on May 6, 2013, it executed an LOI to acquire a water disposal facility near Edmonton, AB from Excel Valley Petroleum. The facility is not presently in operation but is a licensed disposal facility with the Alberta government and will require minimal capital expenditure to achieve profitability. Using prior historical disposal production, the primary disposal well, once...

2013-05-02 08:28:36

SCOTTSDALE, Ariz, May 2, 2013 /PRNewswire/ -- Lithium Exploration Group (OTCQB: LEXG.OB) announced today that on April 30, 2013, it executed an LOI to acquire Canadian oil and gas producer, Golden Spike Energy. CEO Alex Walsh met with management of Golden Spike in Calgary earlier in the week to finalize the preliminary due diligence and execute the LOI. Upon completion of the transaction, LEXG will own the oil and gas producer and operator as a wholly owned subsidiary. This effort to acquire...

2013-04-30 08:25:51

SCOTTSDALE, Ariz., April 30, 2013 /PRNewswire/ -- Lithium Exploration Group (OTCQB: LEXG.OB) announced today that the company has executed a term sheet to acquire 16,000 acres of Chilean lithium assets ("Project Chile"). Both parties executed an LOI to proceed on April 22, 2013, and due diligence has begun. The other party is a publicly traded company and both parties have elected to maintain anonymity until further due diligence is complete and terms have been negotiated. Both companies...

2013-04-23 08:27:28

SCOTTSDALE, Ariz., April 23, 2013 /PRNewswire/ -- Lithium Exploration Group (OTCQB: LEXG) today updated shareholders on its acquisition progress. As reported earlier this month, technology partner GD Glottech International (GDGI) has secured facilities in Houston, TX, to assemble, test, and manufacture new Ultrasonic Cavitation Generators (UCGs). In light of this new development, Lithium Exploration Group has decided not to proceed in the potential acquisition of a machine shop, as previously...

2013-04-02 08:20:53

SCOTTSDALE, Ariz., April 2, 2013 /PRNewswire/ -- Two weeks ago, Lithium Exploration Group (OTCQB: LEXG) purchased a pump and had drawings commissioned to be used to develop the second UCG. This week it will be moved to GD Glottech International's (GDGI) facility to complete the modifications, assembly, and testing. After review by GDGI's industry experts the rebuilding of the shaft on the initial unit is underway and testing is expected to resume in 4 to 6 weeks. "Our partners at GDGI...

2013-03-20 08:22:07

SCOTTSDALE, Ariz., March 20, 2013 /PRNewswire/ -- Lithium Exploration Group (OTCQB: LEXG) today announced that it will have a roadshow from April 22 - 26, attending meetings in Toronto, Calgary, and Vancouver. After months of groundwork in Canada, management will attend broker, banking and operator meetings to evaluate financing offers and acquisition targets for the Company's long discussed strategy to acquire a producing oil and gas asset. The trip will include presentations by management...

2013-03-07 08:23:33

SCOTTSDALE, Ariz., March 7, 2013 /PRNewswire/ -- Lithium Exploration Group (OTCQB: LEXG) announced today that it is commencing final stages of evaluating Oil & Gas partners in Western Canada. As previously announced in February, LEXG hired a consulting firm to prospect potential JV or acquisition partners in Canada and the team have presented several transactions currently under review and in the due diligence process. "Not only have we made great strides in Canada, we have been...

2013-03-05 12:23:10

SCOTTSDALE, Ariz., March 5, 2013 /PRNewswire/ -- Alex Walsh, CEO of Lithium Exploration Group (OTCQB: LEXG), gives shareholders an update on the progress of the ultrasonic generator project which had previously experienced a few setbacks due to necessary repair work on the shaft. "As we have reported to our shareholders in recent months, our Pennsylvania technology unit experienced some delays in getting to testing phase of development. We have been working diligently over the past few...

2013-02-28 08:24:19

SCOTTSDALE, Ariz., Feb. 28, 2013 /PRNewswire/ -- Lithium Exploration Group (OTCQB: LEXG) announced today that Ray Dirks Research has released a Follow-Up Article to the RAY DIRKS Research article on February 6(th), 2013, in which Ray Dirks recommended that Investors, both Institutional and Individual, buy the common stock of Lithium Exploration Group at $0.17 with an initial Target Price of $0.35. The February 6 article was published on the Internationally Followed Web Sites...

2013-02-26 08:24:09

SCOTTSDALE, Ariz., Feb. 26, 2013 /PRNewswire/ -- Lithium Exploration Group (OTCQB: LEXG) announced today that it is in discussions to acquire a manufacturing facility, located in Arizona, home of the Company and its management. The deal which is in advanced discussions will hopefully close in March, at which time the Company will provide all the details but suffice to say that the move will benefit every aspect of the burgeoning technology business of LEXG. "We are excited about...