ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF)
( ALX or the Company ) is pleased to announce that its exploration partner, Rio Tinto Exploration Canada Inc. ( Rio Tinto ), has confirmed details of the 2021 exploration program and budget for the Firebird Nickel Project ( Firebird , or the Project ), located near the town of Stony Rapids in northern Saskatchewan, Canada.
Firebird is currently the subject of an option agreement whereby Rio Tinto can earn up to an 80% interest in the Project by incurring exploration expenditures of $12.0 million over a six-year period and by making a total of $125,000 in cash payments to the Company (see ALX news release dated August 24, 2020, ALX Resources Corp. Announces Rio Tinto Exploration Canada Earn-In for the Falcon Nickel Project ).