Lithium Exploration Group Explores Third Waste Disposal Acquisition
SCOTTSDALE, AZ -- (Marketwired) -- 09/26/13 -- Lithium Exploration
Group Inc. (OTCQB: LEXG) CEO Alex Walsh announced today that the
company is in discussions to acquire a third waste disposal facility.
The company is currently in the process of acquiring its first two
facilities. These acquisitions are scheduled to be completed on
October 18 and November 23 respectively.
LEXG has entered into the waste disposal business in Canada as part
of an ongoing strategy to become a smaller institutional acquirer of
regional facilities. Sharing the sales and administrative expenses
between several smaller facility owners will both increase
profitability and provide better overall service than the larger
competition can provide.
Both liquid and solid waste materials are produced in the
exploration, production and refining aspects of the oil and gas
industry. This reality provides opportunities for service companies
who dispose of the unwanted byproducts generated by the industry.
Canada is the third largest global producer of oil and gas, the
largest importer to the United States, and 80% of this production
takes place in the province of Alberta.
"We were recently made aware of another independent disposal
opportunity. After positive initial discussions last week, my
Calgary-based team visited the site yesterday to meet with the owner
and look at the operations. Our focus right now is closing the first
two acquisitions but we hope to add five to seven additional
acquisitions in the first six months of 2014," commented CEO Alex
Walsh. "We are building the back office infrastructure to be
scalable, and each additional acquisition will increase our
efficiencies and profitability."
About 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. Lithium
Exploration Group is a fully reporting company traded on the
under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
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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
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
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