Le Lézard
Classified in: Mining industry, Business
Subjects: CON, OTC, CXP

SonCav Agrees to Expand Lithium Exploration Group's Distribution Territory to Cover All of the Americas for Lithium Applications


PHOENIX, October 3, 2017 /PRNewswire/ --

Lithium Exploration Group Inc. (USOTC: LEXG) announced today that it has reached an agreement with SonCav to expand its sales territory to cover lithium extraction applications in North and South America.  After successful prototype testing of the Oil Unit in Texas over the past 15 months Lithium Exploration Group will now focus all of its efforts on sales and distribution of the SonCav technology to corporate partners.  The expanded relationship will give Lithium Exploration Group the ability to target long term distribution relationships with existing producers and initiate discussions with companies that are still in the development phase.    

"We are extremely excited to make this announcement.  We are one of the most recognizable brands in the lithium industry and ultimately want to be able to use that brand to work collaboratively with exploration and development companies to bring this amazing technology to the lithium market," commented CEO Alex Walsh.  "We have preached for years that this technology has the ability to significantly reduce capex required to extract lithium from continental brines and speed up the extraction process.  In many cases, the utilization of the SonCav technology could be the difference between a project being viable or not.  Our goal is to present this technology to every lithium producer from here to Santiago in the next year."  

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 the Sonic Cavitation Ltd. technology and the acquisition of oil and gas related assets in the US and Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.

Website: http://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
[email protected]

SOURCE Lithium Exploration Group Inc.


These press releases may also interest you

at 11:15
The "Global Industrial Gearbox Market - Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering. The industrial gearbox market is expected to reach a value of $38.44 billion by 2028 from $30 billion in 2022, growing...

at 08:59
American Battery Technology Company (ABTC) , an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, today...

at 08:32
XCMG Machinery (SHE:000425, "XCMG") is proud to announce its recent triumph at the 2024 German Design Awards, where it has been awarded the Excellent Communications Design in Integrated Campaigns and Advertising for its innovative "Cultural Gift"...

at 08:30
Asahi Kasei Plastics North America Inc (APNA), manufacturer of Asaclean and a leading supplier of purging compounds for the plastics industry, has announced a new partnership with renowned plastics distributor, Polysource. This exclusive distribution...

at 07:29
In a strategic move to address the growing talent shortage in the global construction equipment industry, XCMG Machinery (SHE:000425, "XCMG") has launched an extensive cross-training program for its employees from XCMG Global Business Headquarters....

at 06:30
The Actuators market is estimated at USD 67.7 billion in 2024 and is projected to reach USD 94.8 billion by 2029, at a CAGR of 7.0 % from 2024 to 2029 according to a new report by MarketsandMarketstm. The growth can be attributed to growing...



News published on and distributed by: