CapRock Research Initiates Independent Analyst Coverage on Lithium Exploration Group Inc. and Issues Accumulate Recommendation Based on Disruptive Technology
PHOENIX, AZ / ACCESSWIRE / December 8, 2016 / Lithium Exploration Group Inc. (OTC PINK: LEXG) announced today that CapRock Research has initiated Analyst Coverage with an Accumulate recommendation. CapRock has published a 33-page research report that includes near term target stock-price guidance of $0.006 and long-term target stock-price guidance of $0.12 based on Disruptive Industry Changing Ultrasonic Generator Technology.
The report is hosted by Wall Street Corner Report and is available in its entirety on the Wall Street Corner Report Website:
http://www.wallstreetcornerreport.com/lexg-report
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 testing the SonCav Oil Unit and the acquisition of oil and gas related assets. Lithium Exploration Group is a fully reporting company traded on the OTC Markets under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
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.
Contact Info
Shanon Chilson
480-641-4790
[email protected]
SOURCE: Lithium Exploration Group Inc.