Last $0.05 USD
Change Today -0.0011 / -2.10%
Volume 826.4K
LEXG On Other Exchanges
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

lithium exploration group in (LEXG) Snapshot

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08/14/13 - $0.26
52 Week Low
02/5/14 - $0.03
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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

Lithium Exploration Mulls Acquisitions

Lithium Exploration Group, Inc. (OTCPK:LEXG) is seeking acquisitions. Alex Walsh, Chief Executive Officer of the company said, "We will be looking at more acquisitions of disposal facilities with the following criteria: That we can provide needed back office support from Calgary (bookkeeping, production accounting, regulatory and safety programs, etc.); that we can improve revenue via sales and marketing efforts of our own; that we can assist in adding additional product offerings to their clientele."

Lithium Exploration Group Announces Ultrasonic Generator Exceeds Expectations by Reaching 278 Degrees Fahrenheit in Initial Testing

Lithium Exploration Group, Inc. announced completion of initial testing of the Sonic Cavitation Ultrasonic Generator located in Houston, TX. Initial component testing began in early January and fully-assembled unit testing finished successfully. Lithium Exploration Group's team spent the final week of preparation for testing at Sonic Cavitation's facilities in Houston. (Sonic Cavitation recently acquired technology rights from the technology's inventor, Dr. Victor Glotov.) The Sonic Cavitation Ultrasonic Generator was successfully run for five and a half hours without any mechanical or power-related issues. It was able to control the cavitation reaction and increase the temperature of the water from 50 to 278 degrees Fahrenheit which is far in excess of the required heat to evaporate water as the unit is designed to do.

Lithium Exploration Group, Inc. announced delayed 10-Q filing

On 02/18/2014, Lithium Exploration Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.


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