Lithium Exploration Group Completes Winterization at Morinville Facility
(firmenpresse) - SCOTTSDALE, AZ -- (Marketwired) -- 12/10/13 -- Lithium Exploration Group Inc. (OTCQB: LEXG) announced today that it is ready to resume disposal of produced water at its Morinville facility. The facility has been ready to go for three weeks but was not winterized and, due to the extremely cold conditions, resumption of operation was put on hold until propane tanks could be installed on site to heat the tanks and pipes. The propane tanks were secured today and resumption of operation is imminent.
"The response to the resumption of operations at the Morinville facility has far exceeded our expectations. We have a number of customers already committed to bringing business to our facility and a great local operator who has spearheaded this exceptional effort. We look forward to serving the local market's needs and providing exceptional service to our customers," commented CEO Alex Walsh.
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 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.
Shanon Chilson
480-641-4790
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Datum: 10.12.2013 - 13:39 Uhr
Sprache: Deutsch
News-ID 322927
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