Today’s Stand Out Stock

LEXG 

Lithium Exploration Group, InC.

http://lithiumexplorationgroup.com 

Lithium Exploration Group 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.

LEXG has released some significant news and yesterday showed serious gains because of it.

Lithium Exploration Group Inc. (OTCQB: LEXG) today announces that on Friday February 28, 2014 it processed the final conversion of a convertible debenture in the amount of $1.68MM. "Clearing this note from our balance sheet will afford us more flexibility as we move forward on our acquisition and development plans in Western Canada," commented CEO Alex Walsh.

On Friday, Tesla Motors Inc. CEO Elon Musk publicly discussed their plan to build the world's largest lithium-ion battery factory and locate it in the United States. At Lithium Exploration Group (OTCQB: LEXG) we are very excited to see this development from one of the industry giants.

We started exploring the concept of low cost production of lithium carbonate in Canada in 2011 for exactly this moment in time. With the successful testing of the technology we intend to use to extract lithium from oilfield brine in Alberta, we are ready to continue with bench scale testing of the separation technique we designed in 2012 to target lithium, potassium, and other minerals.

Most of the global supply of lithium carbonate is produced in Chile and much of that production is spoken for by Asian manufacturers of lithium-ion batteries. Much like Mr. Musk, we feel very strongly that the demand for lithium-ion batteries will be driven by applications associated with solar and wind power, which require significantly greater amounts of lithium than car batteries.

Markets are driven by supply and demand. Mr. Musk, Tesla, and Solar City have just changed the demand for North American lithium for decades to come.

LEXG and their Valleyview Project in NW Alberta has 650,000 acres, with over 120 active wells. Their resources include 100 percent mineral rights to property. Sample testing conducted in 2011 has shown 70 – 85 ppm lithium. Other minerals include calcium, magnesium, iodine, bromine, and potassium.