Greenridge Exploration to acquire ALX Resources Corp, forming leading Canadian uranium exploration company.

From GlobeNewswire: 2024-10-11 14:10:00

Greenridge Exploration Inc. and ALX Resources Corp. have signed a binding arrangement agreement for Greenridge to acquire all outstanding shares of ALX in a transaction that will create a leading Canadian uranium exploration company with interests in sixteen projects totaling 220,000 hectares. The combined entity will have interests in additional lithium, nickel, gold, and copper properties across Canada. Existing Greenridge and ALX shareholders will own approximately 75.2% and 24.8% of the combined entity, respectively. The transaction is expected to close in December 2024, subject to regulatory approvals and other closing conditions. Details of the transaction will be included in the ALX Circular available on SEDAR+.



Read more at GlobeNewswire: Greenridge Exploration Enters into Binding Arrangement