ALIX Acquires 100% Interest in 22,625 Hectacres Adjoining Bacanora’s Sorona Lithium Project

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With major recent developments in the pipeline due to Tesla Motors’ (TSLA) Gigafactory construction, the clean energy revolution has made lithium front-page news. Since the future of the electric vehicle relies on the production of lithium-ion batteries, the search for the coveted mineral is on. Alix Resources Ltd. (AIX:CA), a Canadian-based exploration company with a focus on lithium exploration, has reached a major milestone with an initial priority project in Sonora, Mexico.

Alix announced that the company has acquired 100% interest in two large exploration concession applications covering 22,625 hectares adjoining Bacanora Minerals Ltd.’s (BCN:CA) Sonora Lithium Project. The two concession applications, “Tule” and “Tecolote”, have been submitted to the Mexican Mining Authority.

“Alix’s Mexican consultants have succeeded in acquiring the only readily available ground on the inferred lithium trends and contiguous to BCM-REM Sonora Project,” said Mike England, President of Alix Resources. “Our concessions are extremely well situated and, being on the same trend as Bacanora’s growing deposit, have us eager to commence work in the coming weeks.”

Alix Takes a Leading Position in the Growing Lithium Market

The Sonora Lithium Project is comprised of a lithium resource hosted in hectorite and polylithionite clays within a volcano-sedimentary sequence. The concessions being acquired by Alix target extensions of lithium-bearing host horizons contiguous to the Sonora Lithium Project owned by Bacanora Minerals Ltd. (BCN) and Rare Earths Minerals PLC (REM).Recent BCN-REM presentations illustrate a series of four lithium-bearing beds that are interpreted to extend for several kilometers to the south of the BCN-REM property. Alix has hired a team of experienced Mexican and Canadian geologists and associates to assist with the exploration of these Tule and Tecolote concessions.

In August, Tesla entered into an agreement to buy lithium from BCN-REM’sslated Sonora Lithium Project. Furthermore, this acquisition follows a number of recent milestones for Alix. In July, the company completed a third and final tranche of a non-brokered private placement.

Alix has secured its spot in the lithium race. Through this acquisition, along with the Sonora Project, Alix is on its way to be among the lithium exploration companies that help usher in the age of the electric car.

For more information about Alix Resources, visit www.alixresources.com.

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