Greenridge Investment Partners, a private investment firm, has announced plans to expand its Canadian uranium portfolio through the acquisition of ALX Resources Corp. This purchase is expected to significantly increase Greenridge’s exposure to the uranium sector, particularly in Canada’s Athabasca Basin, which is known for its high-grade uranium deposits. The financial terms of the transaction were not disclosed. The acquisition is part of Greenridge’s strategy to capitalize on the growing demand for nuclear energy and the increasing global interest in low-carbon power sources. The transaction is still subject to regulatory approval and customary closing conditions.
Greenridge is set to expand its portfolio in the Canadian Uranium market through the acquisition of ALX Resources. This expansion...