{"id":1203332,"date":"2020-08-24T09:26:00","date_gmt":"2020-08-24T14:26:00","guid":{"rendered":"http:\/\/juniorminingnews.com\/?guid=26d446efa1496e56aca73b316e225199"},"modified":"2020-08-25T04:24:06","modified_gmt":"2020-08-25T09:24:06","slug":"rio-tinto-takes-option-on-alx-nickel-project","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1203332","title":{"rendered":"Rio Tinto takes option on ALX nickel project"},"content":{"rendered":"<p>TSX-V-listed ALX Resources on Monday announced that it had entered into an option agreement with global mining major Rio Tinto over a nickel project in northern Saskatchewan, sending its shares up nearly 17% in early morning trade.<\/p>\n<p>The Falcon project, near the town of Stony Rapids, will be known as the Firebird nickel project, owing to a naming conflict with another Rio Tinto exploration project in Saskatchewan.<\/p>\n<p>Rio Tinto may acquire up to an 80% interest in Firebird by incurring a total of $12-million in exploration expenditures over six years and by making cash payments to ALX totalling $125 000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TSX-V-listed ALX Resources on Monday announced that it had entered into an option agreement with global mining major Rio Tinto over a nickel project in northern Saskatchewan, sending its shares up nearly 17% in early morning trade.<\/p>\n<p>The Falcon project,&#8230;<\/p>\n","protected":false},"author":30,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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