ALX Resources Corp. (ALX) is based in Vancouver, B.C. and its common shares are listed on the TSX Venture Exchange under the symbol “AL”; on the Frankfurt Stock Exchange under the symbol “6LLN”; and in the United States OTC market under the symbol “ALXEF”.
ALX’s mandate is to provide shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties primarily in Canada, which include uranium, lithium, nickel, copper, and gold projects. The company uses the latest exploration technologies and holds interests in over 240,000 hectares of prospective lands in Saskatchewan, a stable jurisdiction (ranked number two in the world by the Fraser Institute’s 2023 Investment Attractive Index) that hosts the highest-grade uranium mines in the world, a producing gold mine, diamond deposits, and decades of historical production from base metals mines.
ALX’s uranium holdings in the Athabasca Basin region of northern Saskatchewan include 100 per cent interests in the following projects:
- Gibbons Creek Uranium Project (currently the subject of an option earn-in agreement with Trinex Minerals Ltd. of Perth, Australia, who can earn up to a 75 per cent interest in two stages);
- Javelin Uranium Project;
- McKenzie Lake Uranium Project;
- Sabre Uranium Project;
- Bradley Uranium Project.
The company also owns the following Athabasca Basin area projects:
- a 60 per cent interest in the Carpenter Lake Uranium Project, currently the subject of an option transaction with Greenridge Exploration Inc. (CSE: GXP);
- a 40 per cent interest in the Black Lake Uranium Project (a joint venture with Uranium Energy Corporation and Orano Canada Inc.); and
- a 20 per cent interest in the Hook-Carter Uranium Project, with Denison Mines Corp. (TSX: DML, 80 per cent interest) as operator of exploration since 2016. Hook-Carter is located within the uranium-rich Patterson Lake Corridor, which hosts Fission Uranium’s Triple R deposit, Nexgen’s Arrow deposit, and other important uranium occurrences on neighbouring properties. Hook-Carter is currently the subject of an amended property agreement with Denison that would increase ALX’s interest from 20 per cent to 25 per cent after fulfilling certain financial and exploration expenditure conditions.
ALX owns 100 per cent interests in the Firebird Nickel Project, Flying Vee Nickel/Gold, Blackbird and Sceptre Gold projects, and can earn up to an 80 per cent interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. ALX owns, or can earn, up to 100 per cent interests in the Electra Nickel Project and the Cannon Copper Project located in historic mining districts of Ontario, Canada, and in the Vixen Gold Project (now under option to First Mining Gold Corp., who can earn up to a 100 per cent interest in two stages).
ALX owns a 50 per cent interest in eight lithium exploration properties staked in 2022-2023 collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada, and 100 per cent interests in the Anchor Lithium Project in Nova Scotia, Canada. They also have 100 per cent interests in the Crystal Lithium Project and the Reindeer Lithium Project, both located in northern Saskatchewan, Canada.
