ALX Uranium Corp. Featured in PearTree Perspctive

Jul 15, 2019

Stock Performance Chart

Upcoming Catalysts

Close Lake Project – opportunity to acquire 51% stake from Orano Canada Inc. Drill program planning is underway to initiate the option agreement
Tango Project – 2018 geochemical and geophysical survey being integrated (results pending)
3D geological model commissioned for newly-staked cobalt and nickel properties in Saskatchewan – could help generate exploration targets and potentially help accelerate a discovery
ALX is looking to option non-core properties to emerging uranium companies

Company Highlights

Ownership or partial ownership in massive 2,000km² of properties around the Athabasca Basin covering trend-extensions of existing discoveries
Excellent established infrastructure – proximal to past and current producing mines
Management team has extensive technical and field experience in the Athabasca Basin
ALX’s first $12 mln share of expenditures on Hook-Carter project are expected to be funded by 80%-partner Denison Mines Corp. (DML-TSX)
Shares the risk burden with JV partners
Saskatchewan has low political risk

ALX is a small junior with a big land position that explores with a mandate to provide shareholders with multiple opportunities for discovery in Northern Saskatchewan (Exhibit 1). We highlight ALX because we expect that with properties and interests within historically prospective uranium corridors and a 20% interest in a joint venture on the Hook-Carter Property that is located within an emerging major uranium trend in the southwestern portion of the historically prolific Athabasca Basin, ALX’s massive land position could make it a desirable avenue for investors looking for increased uranium exposure.

Please see our previous report for more company details.

Exhibit 1. ALX Athabasca Basin Projects

Going Forward

We expect until uranium prices improve, Appia will keep most of their focus on the Alces Lake Property with its high-grade REE showings and drill intersections and the more advanced-stage Elliot Lake Property with both a REE and a uranium resource already defined. We also expect Appia to have a first-mover advantage over any newcomers that enter the uranium exploration sector should prices improve and investor enthusiasm return to the space as seen in the mid- to late-2000s.

Management

Below we highlight ALX’s management team with decades of uranium-focussed exploration experience. With such lengthy experience it seems more than likely that the team knows how to operate in the gamut of market conditions and could have an advantage on some less experienced competitors in the event of better markets. Please see more complete bios at the company website here.

Warren Stanyer – Chairman & CEO

Over twenty years of experience in the mineral exploration industry, focused mostly on uranium in the Athabasca Basin
Has held numerous executive positions as President, Vice President, CEO, as well as a number of directorships, with a variety of Companies

R. Sierd Eriks – President & Chief Geologist

Over thirty-five years with a focus on uranium exploration for the past two decades
Has worked on numerous uranium exploration programs in the Athabasca Basin. Prior to joining ALX, he was Vice-President, Exploration with UEX Corporation from 2007 to 2014
Also has a variety of experience in base metals, gold, platinum group metals
Has directed drilling programs leading to the establishment of mineral resources for three uranium deposits in the eastern Athabasca Basin in northern Saskatchewan

Patrick Groening – Chief Financial Officer

Served as CFO for both Strathmore Minerals Corp. and Fission Energy Corp. for more than nine years combined
Filled the same role (CFO) for Jalna Minerals Ltd., Sernova Corp., and Papuan Precious Metals Corp, and dual roles of CFO and Corporate Secretary For Wolf Capital Corp. and Pacific Asia China Energy Inc.

For further information about ALX Uranium please visit their website.

https://www.alxuranium.com/