Lithium Exploration Group Provides Update on Restart of Morinville Disposal Facility
(firmenpresse) - SCOTTSDALE, AZ -- (Marketwired) -- 09/17/13 -- On Tuesday, September 17, Lithium Exploration Group Inc. (OTCQB: LEXG) updated shareholders on progress at its Morinville disposal facility. The well integrity testing has been completed, and bids for the site work required to resume operations are expected to arrive this week. The goal is to complete all work at the facility in the next few weeks. Initial discussions are taking place with local operators who could send produced water to the facility, and these conversations have so far been positive.
"The operator and our partners at Blue Tap are doing a great job of managing the process. Our plan today is to fund the second tranche of the acquisition this week and complete the acquisition mid-October," commented Alex Walsh. "Everything so far has gone according to plan, and we are excited to see the facility resume revenue generating operations in short order."
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 OTCQB under the symbol LEXG. Website: .
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.
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. 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.
Shanon Chilson
480-641-4790
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Datum: 17.09.2013 - 06:30 Uhr
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News-ID 1264236
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