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ALX Resources Corp V.AL

Alternate Symbol(s):  ALXEF

ALX Resources Corp. is a diversified mineral exploration company engaged in exploring a portfolio of mineral properties in Canada, which include uranium, lithium, nickel-copper-cobalt and gold projects. Its uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, the Bradley Uranium Project, and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project, and others. It also owns 100% interests in the Firebird Nickel Project, the Flying Vee Nickel/Gold and Sceptre Gold projects, Blackbird Project, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. It owns a 50% interest in eight lithium exploration properties, collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada, a 100% interest in the Anchor Lithium Project in Nova Scotia, Canada, and others.


TSXV:AL - Post by User

Post by flush777on Oct 17, 2021 1:05pm
143 Views
Post# 34015343

The uranium property gem is Hook-Carter

The uranium property gem is Hook-CarterI have been a long time supporter of the company and the hidden gem under the radar is the Hook-Property property under which an 80% interest in the property which was sold for 7.5 million shares of Denison plus a $12 million exploration agreement. I recall the shouts on this board that the company was giving away the family jewels.

If you look at earlier posts, I did a calculation for the Dension shares and I posted that this was a 10% equity interest in Denison. I have not re-checked this calculation now however a 10% interest was really noteworthy as to how Denison felt about the property... Yes, indeed a gem.

Over the years, ALX has sold the 7.5 million shares to fund various exploration plays and hopefully, Denison will soon return attention to this project given the renewed interest in nucleur.

The motley crew at ALX regularly establish a presence in upcoming plays at little cost and great potential. They have had noteworthy past success and I am here long term since I believe that they will repeat their past successes. Best wishes to the longs!

https://www.alxresources.com/projects/uranium/hook-carter

https://www.denisonmines.com/projects/core-projects/hook-carter/
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