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.

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ALX Resources Corp

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Post by knoxton Oct 19, 2021 4:18pm

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ALX Resources Corp. Announces Uranium Claims Acquisition and Option Extension, Athabasca Basin, Saskatchewan

19 Oct 202116:15 ET

Newsfile Corp

Vancouver, British Columbia--(Newsfile Corp. - October 19, 2021) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") announced today that the Company has both staked and purchased additional claims at its 100% owned Lazy Edward Bay Uranium Project ("Lazy Edward Bay"), and has negotiated a three-year extension of time with an underlying vendor for two claims within its 100%-owned Newnham Lake Uranium Project ("Newnham Lake"). Each of the projects are located in the Athabasca Basin, Saskatchewan.

Lazy Edward Bay Acquisitions

ALX has executed a purchase agreement (the "Purchase") with Eagle Plains Resources Ltd. ("Eagle Plains") for a 100% interest in nine (9) claims totaling 2,409.75 hectares (5,954.5 acres) as a complement to the Company's existing land package at Lazy Edward Bay. The combination of the Purchase with six (6) additional claims staked by ALX in mid-September 2021 will bring the total area of Lazy Edward Bay to 10,984.33 hectares (27,142.28 acres). As consideration for the Purchase, Eagle Plains has agreed to receive 600,000 common shares of ALX and will retain a 2.0% net smelter returns royalty ("NSR"), of which ALX has the right to purchase 1.0% (one-half) of the NSR for $1.0 million.

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Advancing flagship Ishkõday Gold Project in Ontario