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 goldennorthon Apr 15, 2023 4:48pm

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Post# 35396871

U.S. EPA Unveils New Emissions Standards.

U.S. EPA unveils new emissions standards to push electric vehicle production

"The US government is planning to change auto emissions standards in a way that means automakers would need to sell a lot more electric vehicles. By 2032, electric vehicles would need to make up about two-thirds of all the new cars sold in America."

https://www.cnn.com/videos/world/2023/04/13/exp-epa-ev-push-margo-oge-interview-041301seg1-cnni-world.cnn

HYDRA LITHIUM PROJECT

Project Snapshot

Ownership:

ALX 100%

Size:

8 sub-projects totaling ~29,263 ha.

Location:

James Bay Region, Quebec

In September 2022, ALX acquired the Hydra Lithium Project (“Hydra”, or the “Project”) by map staking in the James Bay region of northern Quebec, Canada. In December 2022 and January 2023, ALX staked additional claims, giving Hydra a total area of 29,263 hectares (72,309 acres). Hydra is located in a world-class lithium exploration district that hosts several significant lithium-cesium-tantalum (“LCT”) type pegmatites. The Project is 100%-owned by ALX with no applicable royalties and the newly-staked claims are in good standing until Q3-Q4 2025, and Q1 2026.

About the Hydra Lithium Project

Hydra is underexplored for LCT-type pegmatites, with historical exploration within the James Bay region mainly focused on gold and base metals.
A regional surficial geochemical review and analysis of the James Bay region was completed by KorrAI of Halifax, Nova Scotia, which identified several areas considered highly prospective for LCT-type pegmatites.
The James Bay Hydroelectric Project (total investment by Hydro-Qubec is estimated at greater than CAD$16 billion since the late 1970s) created infrastructure for mineral exploration in the form of several all-weather roads, including the Trans-Taiga Road. Working airstrips are present in the region that support helicopter access to Hydra.
ALX has access to a proprietary high-resolution airborne geophysical database acquired from historical diamond exploration in the James Bay region that could provide important information for the identification of regional trends with potential for hosting pegmatitic rocks.
Exploration success has been realized by several junior exploration companies in the James Bay region where ALX has staked the Hydra claims, most notably by Patriot Battery Metals Inc., which has reported highly-significant lithium drill intersections in 2021-2022 from their flagship Corvette Lithium Property.