ALX Resources Preps for Exploration Work at Lithium Project in Quebec

Lithium Investing

“Three months from now, by June 6, I hope to be on the ground flying around, putting people down on rocks and then taking samples. It takes a couple of months of preparation and making all the pieces fit,” said Warren Stanyer, chairman and CEO of ALX Resources.

This summer, ALX Resources (TSXV:AL) will ramp up exploration work at its Hydra lithium project in the James Bay region of Quebec, Canada.

“We're pretty pragmatic about what we do, we have a plan that we're going to enact. We're putting boots on the ground in the James Bay region of Quebec, which is the time-honored method of finding things, because of the lack of historical data about lithium-bearing pegmatites,” explained Warren Stanyer, chairman and CEO of ALX Resources.

Stanyer said the current market traction for lithium has driven his company to focus on its lithium assets.

“Gold is really stuck,” he said. "Most investors aren't really that concerned about nickel. What I do see is that major companies like nickel — they're the ones asking about the nickel projects. But it's not the average investor. So lithium is what we're focused on."

Watch the full interview with Warren Stanyer, chairman and CEO of ALX Resources, above.

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