Strategx Elements arranges $275,000 private placement

Executive Summary

• Strategx Elements Corp. announced a proposed up-to-$275,000 non-brokered private placement of flow-through (FT) units.
• The offering is priced at 22 cents per FT unit, with each unit comprising one common share and one-half of one common share purchase warrant.
• Gross proceeds will be used to finance Canadian exploration expenses for critical mineral mining expenditures in Nunavut, with renunciations effective December 31, 2025.

Key Details

• Offering Size: Up to $275,000 in gross proceeds.
• Instrument: Non-brokered private placement of flow-through (FT) units.
• Price: 22 cents per FT unit.
• Unit Composition: Each FT unit consists of one common share (issued as a flow-through share under the Income Tax Act (Canada)) and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one non-flow-through common share at an exercise price of 35 cents.
• Warrant Expiry: Three years after the closing date of the offering.
• Use of Proceeds: Financing Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures related to properties in Nunavut.
• Renunciation Date: The company will renounce all qualifying expenditures in favor of subscribers effective December 31, 2025.
• Expenditure Deadline: Qualifying expenditures must be incurred on or before December 31, 2026.
• Finder’s Fees: Payable to eligible finders, subject to CSE policies and applicable securities laws.
• Hold Period: Four months and one day from the date of issuance, in accordance with CSE policies and applicable securities laws.