ALX Resources Corp. Signs Definitive Agreement for Electra Nickel Project in Ontario
Vancouver, British Columbia--(Newsfile Corp. - December 31, 2020) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has executed a definitive agreement for an option to purchase a 100% interest in the Electra Nickel Project ("Electra", or the "Project") located in Shebandowan Greenstone Belt within the Thunder Bay South Mining District of Ontario, Canada.
- Vancouver, British Columbia--(Newsfile Corp. - December 31, 2020) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that it has executed a definitive agreement for an option to purchase a 100% interest in the Electra Nickel Project ("Electra", or the "Project") located in Shebandowan Greenstone Belt within the Thunder Bay South Mining District of Ontario, Canada.
- Electra, formerly known as the Bateman Lake property, is prospective for nickel, copper and cobalt ("Ni-Cu-Co"), platinum group elements ("PGEs") and gold mineralization.
- Electra is subject to a 2.5% net smelter returns royalty ("NSR") payable to the Vendors on the sale of valuable minerals from the Project.
- Forward looking statements in this news release include: the Electra Nickel Project ("Electra") is prospective for nickel-copper-cobalt, PGE and gold mineralization; the Company's plans to undertake exploration activities at Electra, and expend funds on Electra.