OTCBB LEXG, the Lithium Exploration Group have announced that starting from 18 November 2011 they enter into a new agreement with their technology partner. That agreement is going to replace the previous one and will include the same provisions as the prior document. Moreover, the new agreement will provide distribution rights for the Glottech technology in Canada.
Lithium Exploration Group is the exploration and development company with their headquarters in the USA. They are focused mainly on the acquisition and development of lithium brines and some other metals. At the moment the company deals mainly with its South America and Western Canada branches. They have the exclusivity for the use of the technology that can be implemented in the mining industry, but there are also other related industries that could benefit from that process. Lithium Exploration Group has been seriously considering its assistance in distributing the technology to other industries in Canada.
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