SCOTTSDALE, Ariz., May 30, 2012 /PRNewswire/ -- Lithium Exploration Group (OTCBB: LEXG.OB) (OTCQB: LEXG.OB) commissioned the assembly of an ultrasonic generator, using a continuous flow sonic reactor to separate solids from their suspended state in brine. The ability to separate minerals from brine with this technology is central to the core Valleyview Project assets, where the company plans to commercialize the minerals suspended in mineral-rich oil field brine. While producing valuable minerals from that brine is key, the company will also have the ability to utilize the technology near-term as a source of revenue while the mineral processing technique is tested, a processing plant is built, and contracts for sale of those minerals are negotiated. Near-term revenue can come from three potential sources: (1) charging oil companies for the disposal of their brine; (2) selling fresh water to the energy industry as a required input for drilling and maintenance of wells; and (3) selling the salt waste as industrial or road salt.
Go to http://www.thechairmansblog.com/alex-walsh for more discussion on this topic. Alex Walsh, CEO of Lithium Exploration Group, will be posting discussion topics about the future plans of the company in the coming weeks. These will no longer be distributed as press releases so please follow the company on Twitter (@LEXG_OTCBB), Facebook, and LinkedIn to get the latest information on new developments from the company.
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 property. Lithium Exploration Group is a fully reporting company traded on the OTCBB under the symbol LEXG. Website: www.lithiumexplorationgroup.com. Lithium Exploration Group is also on Facebook, LinkedIn and Twitter @LEXG_OTCBB.
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, including but not limited to the completion, testing, transportation, and final installation of the unit.
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