Strategx Elements drills 49.9 m of 0.26% Ni at Nagvaak

Executive Summary

• Strategx Elements Corp. released positive assay results from the first drill hole (NAG25-01) of its 2025 program at the Nagvaak project in Nunavut, confirming a robust polymetallic system.
• The results validate the continuity of a large-scale mineralized corridor, expanding the known footprint 580 meters west of historical drilling and supporting the potential for a Tier 1 critical minerals asset.
• The company plans to accelerate resource delineation across a 6,000-meter-by-500-meter corridor, with future focus on geological modeling, metallurgical characterization, and a 2026 drill program for economic assessment.

Key Details

• Drill Hole NAG25-01 Intersections:
  • 49.9 meters grading: 0.26% Ni, 0.11% Cu, 0.18% V2O5, 0.23% Zn, 0.02% Mo, and 6.92 g/t Ag.
  • 34.7 meters grading: 6.90% Cg (graphite), including a high-grade interval of 16.1% Cg over 6.0 meters.
• Geological Context:
  • The hole intersected mineralization 580 meters west of historical drilling, confirming continuity within the mineralized corridor.
  • Results are consistent with the company's exploration model and discovery thesis.
  • The system hosts nickel, copper, vanadium, silver, zinc, molybdenum, and large-flake graphite.
• Project Scale & Future Plans:
  • The confirmed model supports resource delineation across a 6,000-meter-by-500-meter mineralized corridor.
  • Next steps include mineralogical/metallurgical characterization, geological modeling, and a 2026 drill-focused exploration program for resource definition and economic assessment.
• Analogue Comparison:
  • Nagvaak shows geological similarities to the Kuusilampi and Kolmisoppi ore deposits in Finland (operated by Terraframe), which together form the largest nickel ore reserves in Europe.
  • Kolmisoppi received strategic project designation under the EU Critical Raw Materials Act on March 25, 2025.
• QA/QC:
  • Samples analyzed by ALS Geochemistry in North Vancouver, B.C.
  • Multielement analysis via ICP-MS Ultra Trace; Graphite via LECO IR spectroscopy.

Notable Quotes

• "These latest results continue to validate the scale, continuity and grade of the Nagvaak system... By confirming our exploration model and expanding the mineralized footprint, we've materially increased the value of this Tier 1 critical minerals asset." — Darren Bahrey, CEO
• "We believe Nagvaak could represent one of Canada's most prospective emerging new critical minerals districts." — Darren Bahrey, CEO