StrategX Elements Corp. Announces Non-Brokered Private Placement of up to $900,000

Executive Summary

• StrategX Elements Corp. announced a non-brokered private placement of up to 6,000,000 units at $0.15 per unit, targeting gross proceeds of up to $900,000.
• Each unit consists of one common share and one-half of a common share purchase warrant, with warrants exercisable at $0.25 per share for a 36-month period.
• Proceeds will be utilized to advance exploration activities at the Nagvaak Project in Nunavut, as well as for general working capital and corporate purposes.

Key Details

• Offering Size & Price: Up to 6,000,000 units at $0.15 per unit for gross proceeds of up to $900,000.
• Unit Composition: Each unit comprises one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.25 per share, exercisable for 36 months from the date of issuance.
• Use of Proceeds: Advancing exploration activities at the Nagvaak Project, general working capital, and corporate purposes.
• Hold Period: All securities issued are subject to a statutory hold period of four months and one day from issuance per CSE policies.
• Investor Base: Offered to qualified purchasers relying on exemptions from prospectus and registration requirements under applicable securities legislation.
• Insider Participation: Expected participation by company insiders, structured as a related party transaction exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101.
• Finder's Fees: The Company may pay finder's fees to eligible finders in connection with portions of the offering.

Notable Quotes

• Darren Bahrey, Chief Executive Officer: "This financing is an important step in advancing our exploration strategy at Nagvaak while further strengthening our shareholder base. We are encouraged by the continued support from existing shareholders and the interest we are seeing from new investors."
• Darren Bahrey, Chief Executive Officer: "The proceeds will help position StrategX to continue unlocking the potential of what we believe is a significant critical minerals district on the Melville Peninsula, Nunavut at a time when secure North American sources of critical minerals are becoming increasingly important."