Latest Updates & Insights on Lithium Exploration Group Inc (OTCMKTS:LEXG)

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Las Vegas, NV -- (SBWIRE) -- 12/05/2013 -- Lithium Exploration Group Inc (OTCMKTS:LEXG) announced the third quarter financial reports. Heading towards the final quarter, the company has not yet generated revenues during the quarter. The company is operation in loss.

Lithium Exploration had $7000 cost of revenues during quarter and its operating loss was $0.59 million. The selling general and administrative expense contributed $0.27 million in operating loss.

The company suffered a net loss of $0.59 million. There was $6.41 million net loss during second quarter of year.

Lithium Exploration Group, Inc., previously Mariposa Resources, Ltd., is a business that acquires, explores and develops resource properties. The company mainly focuses on lithium content. The main projects of company are Valleyview Project in Canada and Salta Project in Argentina. The company also seeks calcium, magnesium, iodine, bromine and potassium.

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