StrategX Elements Corp. announces private placement flow-through financing of up to $275,000

StrategX Elements Corp. (CSE: STGX,OTC:STRXF) (“StrategX” or the “Company”) announces that it proposes to sell an unbrokered private placement of up to $275,000 (the “Offering”) of flow-through units (each a “FT Unit”) to eligible buyers at a price of $0.22 per FT Unit. Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one non-flow-through common share of the Company at a price of $0.35 at any time on or before such date, which is three years after the closing date of the Offering.

The gross proceeds from the sale of the FT units will be used to finance “Canadian exploration costs” that qualify as “flow of critical expenditure for mining” as both terms are defined in the Income Tax Act (Canada) (the “Qualifying expenses“) with respect to the Company’s properties in Nunavut on or before December 31, 2026, and the Company will waive all eligible expenses in favor of subscribers for the FT Shares effective December 31, 2025.

The Company will pay finder’s fees to eligible finders in connection with the Offering, subject to applicable securities laws and the policies of the CSE.

All securities issued and sold under the Offer will be subject to a holding period that will expire four months and one day from the date of issuance, in accordance with the policies of the CSE and applicable securities laws.

About StrategX
StrategX is a Canadian exploration company focused on discovering energy transition metals in Northern Canada. The company is currently advancing multiple promising targets for critical minerals and graphite on the Melville Peninsula, Nunavut. With a first-mover advantage in a significantly underexplored region, StrategX offers a unique opportunity for investors to participate in multiple discoveries and the development of new mineral districts critical to the global energy transition.

For more information about the company, please visit our website at www.strategXcorp.com.

Neither the Canadian Securities Exchange nor its regulatory services accept responsibility for the adequacy or accuracy of this press release.

Disclaimer for forward-looking information
All statements in this press release that relate to activities, events or developments that the Company expects, believes or expects will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors that the Company believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, some of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or to revise them to reflect future unanticipated events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278757