ALX Resources (TSE:AL) has released an update.
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Greenridge Exploration Inc. is set to acquire ALX Resources Corp., creating a leading Canadian exploration company with a vast portfolio of uranium and strategic metal projects. The merger will include interests in 29 projects across key Canadian mining districts, significantly expanding Greenridge’s uranium property holdings in the Athabasca Basin. ALX shareholders will be integrated into the new entity, owning 24.8% of the combined company after the transaction.
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