ALX Resources Corp. (TSXV:AL) – Notable News
May 12, 2022
May 12, 2022 ALX Resources Corp. (TSXV:AL, Not Rated, David A. Talbot) has completed an initial drill program at the Electra nickel project near Thunder
Tag: ALX Resources Corp.
ALX Resources Corp. (TSXV:AL) – Notable News
April 28, 2022
April 28, 2022 ALX Resources Corp. (TSXV:AL, Not Rated, David A. Talbot) announced the completion of its three-hole (1,240.3m) drilling program at its Gibbon’s Creek
ALX Resources Corp. (TSXV:AL) – Notable News
March 30, 2022
March 30, 2022 ALX Resources Corp. (TSXV:AL, Not Rated, David A. Talbot) announced that it has commenced an eight-hole (1,750m) diamond drilling program at its
ALX Resources Corp. (TSXV:AL) – Notable News
March 11, 2022
March 11, 2022 ALX Resources Corp. (TSXV:AL, Not Rated, David A. Talbot) has commenced drilling at its 100%-owned Gibbons Creek uranium project in the Athabasca
Uranium Market Update – Uranium Spikes 12% on Bloomberg Article About Russian Disruptions
March 10, 2022
This price increase is following a news article from Bloomberg yesterday speculating that the US might sanction Russian uranium supplier, which had previously been excluded from the Russian oil and gas import ban. UxC suggests that the article triggered a huge jump on Wednesday afternoon following its daily 2:30pm price cut-off. It appears that the response is mainly from traders bidding up the price.
Uranium Market Update – SPUT Buying Spikes U3O8 Prices Upon Security of Supply Concerns
February 28, 2022
Uranium prices are up sharply on apparent Sprott Physical Uranium Trust (SPUT) buying as security of supply concerns emerge in light of economic sanctions levied against Russia in response to the Ukraine invasion. Funding of additional physical U3O8 purchases by SPUT may help propel prices above US$50/lb and perhaps close to incentive prices needed by project developers. We anticipate uranium equities to react very positively.
ALX Resources Corp. (TSXV:AL) – Notable News
February 10, 2022
February 10, 2022 ALX Resources Corp. (TSXV:AL, Not Rated, David A. Talbot) provided an update on exploration programs underway at three of its projects. First,
ALX Resources Corp. (TSXV:AL) – Notable News
February 2, 2022
February 2, 2022 ALX Resources Corp. (TSXV:AL, Not Rated, David A. Talbot) has closed its previously announced transaction with Okapi Resources, selling 100%-interest on five uranium
ALX Resources Corp. (TSXV:AL) – Geochemical Results from Gibbon Creek Help Define Drill Targets
December 16, 2021
ALX provided an exploration update for its 100%-owned 13,864-hectare Gibbons Creek uranium project located in the northern Athabasca Basin. The SGH (Spatiotemporal Geochemical Hydrocarbon) survey, which was conducted over an untested geophysical conductor named ‘Zinger’, indicated haloes of uranium pathfinder anomalies over a four-km-long grid. The results have helped in delineating the prospective drilling locations for the 2022 drill program. We note that Gibbons Creek is in proximity to other uranium mines and another ALX uranium project, which puts it in the right neighbourhood of the prolific Athabasca Basin. While positive geophysical and geochemical results provide an encouraging first step towards drill hole targeting, we believe the results from its scheduled 2022 drill program would likely be the key to advancing the project to the next stage.
Uranium Market Update – SPUT Increases Base Shelf; Expect Equities to Gain Momentum
November 23, 2021
UT announced the filing of a Restated Base Shelf Prospectus. SPUT may now issue up to US$3.5B of units in Canada during a 25-month period starting 10-Aug-21. It had already approached its previous ceiling of US$1.3B. The At-The-Market program has also been updated. We view the potential for SPUT to raise further funds as very good news for the entire uranium sector.