ALX Uranium Corp. (“ALX” or the “Company”) (TSXV: AL; FSE: 6LLN; OTC: ALXEF) is pleased to announce the appointment of Jean-Jacques Gautrot of Paris, France, as a director of the Company. Mr. Gautrot is a former Chairman of the World Nuclear Association, and serves as an Ambassador of the World Nuclear Association to promote the nuclear industry worldwide.
“Jean-Jacques Gautrot is a welcome addition to the Board of Directors of ALX,” said Warren Stanyer, Chairman of ALX. “He has a vast depth of experience and an unparalleled network of contacts within the uranium industry that will greatly benefit ALX in the years to come.”
Mr. Gautrot graduated from “Ecole des Arts et Métiers” and “Ecole des Pétroles et Moteurs”, and he began his career in TECHNIP, an engineering company in 1968. In 1979, he joined SAINT-GOBAIN Group, as Chief Executive Director of a mechanical company acting in the petroleum and nuclear industries. From 1984 to 1989, he acted as Site Director for SGN (COGEMA Group) La Hague supervising the construction and commissioning of uranium reprocessing facilities. Mr. Gautrot served as Chairman and Chief Executive of Delattre Levivier, a specialized subsidiary of LYONNAISE DES EAUX Group dedicated to maintenance services for industrial facilities (petroleum/chemistry, nuclear, and space) from 1989 to 1996.
Mr. Gautrot joined COGEMA (now AREVA) in 1997 and in April 1998 was appointed Senior Director of the Business and Programmes Division, Nuclear Fuels and Recycling Branch. His main assignments included development related to nuclear back-end fuel cycle services. In June 2000, he was appointed Vice-President for the Commercial and International Development division of COGEMA. In January 2002, he was in charge of the Enrichment Sector as Vice-President and Chairman of the Executive Board of EURODIF, and was a member of the Executive Committee of COGEMA.
Jean-Jacques acted as Senior Vice President of AREVA in charge of Marketing and International Affairs from January 2003 to September 2008, and later served as Chairman and CEO for AREVA United Kingdom from 2008 to 2011. Mr. Gautrot was Senior Advisor to the CEO of AREVA from 2008 to 2016. Since 2014, Jean-Jacques has acted as President of JJ GAUTROT Consulting S.A.
ALX also announces that its Board of Directors has approved the allocation of 400,000 incentive stock options to a director of the Company. The options are exercisable at $0.10 per share for a period of five years from issuance, and are subject to the following vesting provisions – one third (1/3) of the options will vest immediately, one third (1/3) in six months and one third (1/3) one year from the allocation date.
ALX’s mandate is to provide shareholders with multiple opportunities for discovery and value creation by building and optimizing a portfolio of prospective uranium exploration properties through staking, joint ventures, acquisitions and divestitures. The Company executes well-designed exploration programs using the latest technologies and has interests in over 100,000 hectares in Saskatchewan’s Athabasca Basin. ALX is based in Vancouver, BC, Canada and its common shares are listed on the TSX Venture Exchange under the symbol “AL”, on the Frankfurt Stock Exchange under the symbol “6LLN” and in the United States OTC market under the symbol “ALXEF”. Technical reports are available on SEDAR (www.sedar.com) for several of the Company’s active properties.
For more information about the Company, please visit the ALX corporate website at www.alxuranium.com or contact Roger Leschuk, Vice President, Corporate Development at Ph: 604.629.0293 or Toll-Free: 1.866.629.8368, or by email: firstname.lastname@example.org
On Behalf of the Board of Directors of ALX Uranium Corp.
Warren Stanyer, Director and Chairman
FORWARD LOOKING STATEMENTS
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that the Company’s actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for the Three Months ended March 31, 2017, which is available under Company’s SEDAR profile at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.