ALX Resources Corp. announced that it has acquired by staking the Hydra Lithium Project in the James Bay region of northern Quebec, Canada. Hydra consists of 306 mineral claims in four sub-projects totalling 15,837 hectares (39,134 acres), located in a world-class lithium exploration district that hosts several significant lithium-cesium-tantalum ("LCT") type pegmatites.

Hydra is 100%-owned by ALX with no applicable royalties and the newly-staked claims are in good standing until September 2025. Highlights of ALX's Hydra Lithium Project: Hydra is underexplored for LCT pegmatites, with historical exploration within the James Bay region focused on gold and other critical metals; A regional surficial geochemical review and analysis of the James Bay region was completed by KorrAI of Halifax, Nova Scotia. It identified several areas considered highly prospective for LCT pegmatites; The James Bay Hydroelectric Project (total investment by Hydro-Québec is estimated at greater than CAD 16 billion since the late 1970s) created infrastructure for mineral exploration in the form of several all-weather roads, including the Trans-Taiga Road.

A working airstrip is located central to Hydra. ALX has access to a proprietary high-resolution airborne geophysical database acquired from historical diamond exploration in the James Bay region that could provide important information for the identification of regional trends with potential for hosting pegmatitic rocks; Exploration success has been realized by several junior exploration companies in the James Bay region where ALX has staked the Hydra claims, most notably by Patriot Battery Metals Inc., which has reported highly-significant lithium drill intersections in 2022 from their flagship Corvette Lithium Property.