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As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

lithium exploration group in (LEXG) Snapshot

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lithium exploration group in (LEXG) Details

Lithium Exploration Group, Inc., an exploration stage company, is engaged in the acquisition, exploration, and development of resource properties in Canada. The company explores for lithium and potassium, as well as for calcium, magnesium, iodine, and bromine. It holds interest in the Valleyview project that covers an area of approximately 650,000 acres through two contiguous land holdings located in the south and west of Fox Creek, Alberta. The company was formerly known as Mariposa Resources, Ltd. and changed its name to Lithium Exploration Group, Inc. in November 2010. Lithium Exploration Group, Inc. was founded in 2006 and is based in Scottsdale, Arizona.

3 Employees
Last Reported Date: 10/2/13
Founded in 2006

lithium exploration group in (LEXG) Top Compensated Officers

Chief Executive Officer, President, Treasurer...
Total Annual Compensation: $120.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $81.0K
Chief Operating Officer
Total Annual Compensation: $83.3K
Compensation as of Fiscal Year 2013.

lithium exploration group in (LEXG) Key Developments

RBSM LLP Replaces Anderson Bradshaw PLLC as Independent Registered Public Accounting Firm of Lithium Exploration Group, Inc

On August 11, 2014, Lithium Exploration Group, Inc. notified Anderson Bradshaw PLLC that it was dismissed as the company’s independent registered public accounting firm. The decision to dismiss Anderson as the company’s independent registered public accounting firm was approved by the company’s board of directors on August 11, 2014. On August 11, 2014 the company engaged RBSM LLP as its independent registered public accounting firm for the company’s fiscal year ended June 30, 2014. The decision to engage RBSM as the company’s independent registered public accounting firm was approved by the company’s board of directors.

Lithium Exploration Group Initiates Expansion Plans at Morinville Facility

Lithium Exploration Group Inc. has initiated the application process (under Directive 58 of the Alberta regulations) to bring its Morinville facility to full 1b oilfield waste and 1a industrial waste classifications. Lithium Exploration Group acquired a controlling interest in the facility in October of 2013. It was returned to active status in December of 2013. The disposal well is grandfathered for disposal of both 1b and 1a waste streams, but the surface facility needs to be expanded with ground sensors, a runoff pond, additional tankage, and laboratory facilities in order to accept a full suite of waste streams from the local market. The company has been in communication with the regulators and is engaging engineering firms and consultants to assist with the facility planning so that it will meet all of the regulatory standards to move the project forward. Presently the facility is disposing of produced water in the area north of Edmonton, Alberta.

Lithium Exploration Group Adds Oil Treatment to Product Offering at Tero Oilfield Services

Lithium Exploration Group, Inc. announced that it is adding an oil treater to its Tero Oilfield Services facility in Wardlow, Alberta. This expansion the product offering at Tero is an important step toward providing a full suite of services for customers in the area. Tero is well-positioned to give its clients a competitively priced product, while providing a level of customer service with which the bigger companies in the area are unable to compete. The oil treatment product offering should be fully operational by July 2014. This expansion also coincides with Lithium Exploration Group's order of an oil upgrading unit, which is scheduled to arrive at Tero in August. The oil upgrading unit is expected to enhance the performance of the oil treatment infrastructure that Tero is putting in place with the previously mentioned expansion.


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