None
SEDAR Interim Financial Statements
STGX · Price
[
{
"companyName": "StrategX Elements Corp.",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"2025-09-30": {
"cash": 143041,
"restrictedCash": 26248,
"receivables": 144147,
"prepayments": 7554,
"totalCurrentAssets": 320990,
"equipment": 257245,
"rightOfUseAsset": 0,
"longTermDeposits": 15000,
"explorationAdvance": 36230,
"mineralPropertyInterests": 6270986,
"totalNonCurrentAssets": 6579461,
"totalAssets": 6900451,
"accountsPayableAndAccruedLiabilities": 1017921,
"accountsPayableFixedTerm": 1113699,
"accountsPayableToRelatedParties": 264711,
"leaseLiabilityShortTerm": 0,
"loansShortTerm": 29403,
"flowThroughPremiumLiability": 153033,
"totalCurrentLiabilities": 2578767,
"loansLongTerm": 1729,
"assetRetirementObligation": 258000,
"totalNonCurrentLiabilities": 259729,
"totalLiabilities": 2838496,
"shareCapital": 8634360,
"reserves": 477716,
"deficit": -5050121,
"totalShareholdersEquity": 4061955,
"cashPerShare": 0.0027,
"workingCapitalPerShare": -0.0425
},
"2024-12-31": {
"cash": 108756,
"restrictedCash": 922429,
"receivables": 226659,
"prepayments": 11719,
"totalCurrentAssets": 1269563,
"equipment": 311025,
"rightOfUseAsset": 28423,
"longTermDeposits": 21844,
"explorationAdvance": 43051,
"mineralPropertyInterests": 5443878,
"totalNonCurrentAssets": 5848221,
"totalAssets": 7117784,
"accountsPayableAndAccruedLiabilities": 886066,
"accountsPayableFixedTerm": 1025740,
"accountsPayableToRelatedParties": 365592,
"leaseLiabilityShortTerm": 30726,
"loansShortTerm": 20751,
"flowThroughPremiumLiability": 441935,
"totalCurrentLiabilities": 2770810,
"loansLongTerm": 17298,
"assetRetirementObligation": 258000,
"totalNonCurrentLiabilities": 275298,
"totalLiabilities": 3046108,
"shareCapital": 8359738,
"reserves": 478377,
"deficit": -4766439,
"totalShareholdersEquity": 4071676,
"cashPerShare": 0.0026,
"workingCapitalPerShare": -0.0361
}
},
"incomeStatement": {
"nineMonthsEnded2025-09-30": {
"accretionExpense": -116419,
"accountingAndAuditing": -72058,
"amortizationOfRightOfUseAsset": -8527,
"corporateShareholderCommunication": -3250,
"insurance": -15750,
"legal": -25510,
"managementFees": -124000,
"office": -23898,
"salaryAndBenefits": -34500,
"transferAgentAndFilingFees": -13512,
"travel": -4023,
"lossFromOperatingExpenses": -441447,
"gainOnDerecognitionOfLeaseLiability": 2035,
"gainOnExtensionOfFixedTermAccountsPayable": 27329,
"impairmentOfMineralProperties": -161162,
"otherIncomeOnSettlementOfFlowThroughPremiumLiability": 288902,
"incomeLossAndComprehensiveIncomeLoss": -284343,
"weightedAverageSharesOutstandingBasic": 53163756,
"weightedAverageSharesOutstandingDiluted": 53163756,
"basicEarningLossPerShare": -0.01,
"dilutedEarningLossPerShare": -0.01
},
"nineMonthsEnded2024-09-30": {
"accretionExpense": -117133,
"accountingAndAuditing": -24975,
"amortizationOfRightOfUseAsset": -25580,
"corporateShareholderCommunication": -28701,
"insurance": -19185,
"legal": -14206,
"managementFees": -102208,
"office": -26216,
"salaryAndBenefits": -38822,
"transferAgentAndFilingFees": -16289,
"travel": -673,
"lossFromOperatingExpenses": -413988,
"gainOnExtensionOfFixedTermAccountsPayable": 7850,
"otherIncomeOnSettlementOfFlowThroughPremiumLiability": 963837,
"incomeLossAndComprehensiveIncomeLoss": 557699,
"weightedAverageSharesOutstandingBasic": 41597788,
"weightedAverageSharesOutstandingDiluted": 41597788,
"basicEarningLossPerShare": 0.01,
"dilutedEarningLossPerShare": 0.01
}
},
"cashFlowStatement": {
"nineMonthsEnded2025-09-30": {
"netIncomeLoss": -284343,
"accretionAndInterestExpense": 116419,
"amortizationOfRightOfUseAssets": 8527,
"accruedInterest": 0,
"gainOnDerecognitionOfLeaseLiability": -2035,
"gainOnExtensionOfFixedTermAccountsPayable": -27329,
"impairmentOfMineralProperties": 161162,
"otherIncomeOnSettlementOfFlowThroughPremiumLiability": -288902,
"changesInNonCashWorkingCapitalItems": 194564,
"netCashFromOperatingActivities": -121937,
"privatePlacementUnitsSharesIssued": 296960,
"shareIssueCosts": -14338,
"repaymentOfLeaseLiability": -9923,
"repaymentOfLoan": -6920,
"netCashFromFinancingActivities": 265779,
"mineralPropertyAcquisitionCosts": -32405,
"explorationAdvances": 0,
"deferredExplorationAndEvaluationExpenditures": -980177,
"longTermDeposits": 6844,
"purchaseOfCapitalAssets": 0,
"restrictedCash": 896181,
"netCashUsedInInvestingActivities": -109557,
"changeInCash": 34285,
"cashBeginningOfPeriod": 108756,
"cashEndOfPeriod": 143041
},
"nineMonthsEnded2024-09-30": {
"netIncomeLoss": 557699,
"accretionAndInterestExpense": 110612,
"amortizationOfRightOfUseAssets": 25580,
"accruedInterest": 382,
"gainOnExtensionOfFixedTermAccountsPayable": -7850,
"otherIncomeOnSettlementOfFlowThroughPremiumLiability": -963837,
"changesInNonCashWorkingCapitalItems": 107803,
"netCashFromOperatingActivities": -169611,
"privatePlacementUnitsSharesIssued": 4910000,
"shareIssueCosts": -12000,
"repaymentOfLeaseLiability": -29767,
"netCashFromFinancingActivities": 4868233,
"explorationAdvances": -37161,
"deferredExplorationAndEvaluationExpenditures": -2742463,
"longTermDeposits": 24256,
"purchaseOfCapitalAssets": -56000,
"restrictedCash": -1670719,
"netCashUsedInInvestingActivities": -4482087,
"changeInCash": 216535,
"cashBeginningOfPeriod": 5766,
"cashEndOfPeriod": 222301
}
},
"investmentsAndOtherAssets": [
{
"type": "Mineral Property",
"description": "Project EA South (Northwest Territories, Canada)",
"ownershipPercentage": 100,
"value": 0,
"notes": "Acquired 100% interest. Impairment of $161,162 during the nine months ended September 30, 2025 due to termination of agreement with Hunter Exploration Group."
},
{
"type": "Mineral Property",
"description": "Project Tasijuaq (Nunavut, Canada)",
"ownershipPercentage": 100,
"value": 7750,
"notes": "Staked claims."
},
{
"type": "Mineral Property",
"description": "Project NagVaak (Nunavut, Canada)",
"ownershipPercentage": 100,
"value": 6202048,
"notes": "20-year lease expiring July 31, 2041. Subject to annual fees and minimum exploration work requirements."
},
{
"type": "Mineral Property",
"description": "Project Mel (Nunavut, Canada)",
"ownershipPercentage": 100,
"value": 61188,
"notes": "Acquired 100% of non-diamond mineral rights, subject to a 1% gross overriding royalty on non-diamond mineral production and a 2% gross overriding diamond royalty."
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 56304679,
"classesOfShares": ["common"],
"warrants": [
{
"number": 950500,
"exercisePrice": 0.4,
"expiryDate": "2025-10-25"
},
{
"number": 330300,
"exercisePrice": 0.4,
"expiryDate": "2025-12-02"
},
{
"number": 31800,
"exercisePrice": 0.4,
"expiryDate": "2025-12-30"
},
{
"number": 300000,
"exercisePrice": 0.3,
"expiryDate": "2026-08-21"
},
{
"number": 1856000,
"exercisePrice": 0.15,
"expiryDate": "2028-08-19"
}
],
"options": [
{
"number": 1175000,
"exercisePrice": 0.25,
"expiryDate": "2027-01-10"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"nineMonthsEnded2025-09-30": {
"managementFees": 167750,
"accountingAndTaxServices": 20000,
"geologicalServices": 23750
}
},
"namedIndividuals": [
{
"name": "Darren Bahrey",
"title": "CEO, Director",
"period": "nineMonthsEnded2025-09-30",
"components": {
"salary": 0,
"bonus": 0,
"total": 76500
}
},
{
"name": "Ryan McEachern",
"title": "President, COO, Director",
"period": "nineMonthsEnded2025-09-30",
"components": {
"salary": 0,
"bonus": 0,
"total": 71250
}
},
{
"name": "Stephen Brohman",
"title": "Interim CFO",
"period": "nineMonthsEnded2025-09-30",
"components": {
"salary": 0,
"bonus": 0,
"total": 20000
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "Global X Investment Group (2020) Ltd",
"description": "Transfer of lease obligations",
"amount": 0,
"period": "nineMonthsEnded2025-09-30"
},
{
"counterparty": "10X Minerals Ltd",
"description": "Loan receivable (due from related party)",
"amount": 143178,
"period": "2024-12-31"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-10-03",
"description": "Granted 3,400,000 stock options to certain directors, officers, and consultants at an exercise price of $0.21 per share, expiring in ten years.",
"impactValue": null
},
{
"eventDate": "2025-10-10",
"description": "Issued 2,342,304 common shares at a deemed price of $0.18 per share to settle aggregate debt of $421,615.",
"impactValue": 421615
}
]
}
]
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