by Greg Klein | October 26, 2016
A frequent media commentator whose 40-year career covers energy, mining, central and corporate banking, and investment research and strategy, Mark Lackey joins ALX Uranium TSXV:AL as president/CEO/director.
Lackey has served as a Bank of Canada economist responsible for U.S. economic forecasting and as senior commodities manager at the Bank of Montreal, as well as in positions with Gulf Canada, Chevron Canada, Petro Canada and Ontario Hydro.
Lackey has also held positions with Brawley Cathers, Blackmont Capital, Hampton Securities and Pope & Company. More recently he’s served as executive VP at CHF Investor Relations and technical adviser at Presmont Group.
Recognized as an industry expert, he’s commented frequently on BNN and the Sun Network, among over 300 TV appearances in recent years. He discusses commodities in general, but media most often ask for his insight on uranium trends including supply and demand, as well as his analysis on individual uranium companies.
“Over the last few years ALX has established a team of professionals with significant technical depth and one that has many years of experience exploring in the Athabasca Basin,” said Lackey. “I believe the future of this company and the uranium sector is very bright.”
Lackey replaces Jon Armes, who steps down to pursue other opportunities but stays on as a consultant. During his six years of leadership at ALX and its predecessor Lakeland Resources, Armes helped build one of the Athabasca Basin’s largest and most prospective uranium exploration portfolios. Most recently he negotiated the Hook-Carter transaction that benefits ALX with the experience and budget of Denison Mines TSX:DML.
On October 24 ALX announced a purchase and sale agreement in which Miramont Capital would acquire a non-core asset, the Midas gold property in western Ontario. Miramont may earn a 100% interest by paying ALX $200,000 and issuing one million shares by December 31, 2018.