PHOENIX, AZ, United States, via ETELIGIS INC., 07/22/2015 – – Lithium Exploration Group Inc. (OTC Pink: LEXG) (PINKSHEETS: LEXG), announced today that stress-testing of the SonCav unit is continuing in Dallas, TX through the month of August. The company reported in June on the successful testing of both the water unit and the oil unit at the manufacturer’s facility in Dallas. The water unit testing began in May and, after running the unit for a number of weeks, the unit was disassembled and inspected for wear and tear. The water unit is being put back together now and stress-testing should resume next week. The oil unit was also successfully tested at the facility in June using fresh water, to ensure that there were no issues with the unit after the over-the-road accident in February.
“It is fantastic that both units are in play right now. Final design of the oil unit skid is taking place at this moment and we hope to have it shipped to Alberta for field-testing soon. I had hoped to have it in Alberta in July, but it is taking a bit longer than expected to get the design work done and the unit out the door,” commented CEO Alex Walsh. “The beauty is that both units are in good working order and, while we are experiencing a slight delay in field-testing the oil unit, the water unit will continue to stress-test and gather performance data, thus helping the overall effort of commercialization.”
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.