Base Metals

StrategX Announces Closing of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow Through Share Units

StrategX Announces Closing of Non-Brokered Private Placement of Flow-Through Shares and Non-Flow Through Share Units

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") announces that it has closed a non-brokered private placement (the "Private Placement") by issuing 1,200,000 flow-through shares ("FT Shares") at a price of $0.30 per FT Share for gross proceeds of $360,000, and 63,600 non-flow-through share units ("NFT Units") at a price of $0.25 per NFT Unit for gross proceeds of $15,900. In relation to the NFT Units, the Company issued 31,800 common share purchase warrants, each entitling the holder to purchase a non-flow-through common share of the Company for $0.40 per share until December 30, 2025. The Company paid finder's fees of $21,600. All securities issued at closing are subject to a hold period expiring May 1, 2023, in accordance with applicable securities laws and the policies of the CSE.

An officer of the Company (the "Insider") participated in the Private Placement and purchased 33,600 NFT Units. Participation by the Insider in the Private Placement is considered a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insider's participation in the Private Placement in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the Private Placement by the Insider did not exceed 25% of the fair market value of the Company's market capitalization. The Company did not file a material change report at least 21 days prior to the closing of the Private Placement as the Insider's participation had not been confirmed at that time.

About StrategX

StrategX is a new Canadian-based exploration company on a mission to make discoveries in critical energy metals in northern Canada and contribute towards a sustainable energy economy. The Company's property portfolio of 5 stand-alone projects is situated on the East Arm of the Great Slave Lake, Northwest Territories and the Melville Peninsula, Nunavut. The Company's first-mover land position in underexplored regions provides a unique opportunity for investors to be part of multiple discoveries and the creation of new districts hosting metals required in the transition towards green energy. Click hereto check out our 30-second video clip on StrategX.

On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director

For further information, please contact:

StrategX Elements Corp.
Email: info@strategXcorp.com
Phone: 1-855-787-2849 (toll-free)

For further information about the Company, please visit our website at www.strategXcorp.com

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

Disclaimer for Forward-Looking Information

All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates 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 it 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, certain 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 revise them to reflect the occurrence of future unanticipated events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/150127

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StrategX Elements (CSE:STGX)

StrategX Elements


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StrategX Signs Advertising Campaign Agreement with Investing News Network

StrategX Signs Advertising Campaign Agreement with Investing News Network

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), announces that it has entered into an agreement with Investing News Network ("INN") pursuant to which INN will launch a series of advertising and investor awareness campaign events for the Company for fourteen months starting from January 1, 2023. In consideration for its services, the Company will pay $54,900 (+ GST) cash on or before January 6, 2023.

INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007. INN does not provide Investor Relations or Market Making services.

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StrategX Confirms New Discovery at Nagvaak Project with First Drill Core Results returning 58 metres of 2.63% Copper Equivalent

StrategX Confirms New Discovery at Nagvaak Project with First Drill Core Results returning 58 metres of 2.63% Copper Equivalent

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), reports a new discovery of energy transition metals from BHP's drill hole #14 located in Target Area 1 of the Nagvaak Project located on the Melville Peninsula, Nunavut. The mineralized interval in this drill hole returned 2.63% copper equivalent (CuEq) over 58 metres starting at a depth of 27 metres below surface. This interval includes anomalous values of 0.25% nickel, 0.51% vanadium pentoxide, and 0.06% molybdenum. This is very significant in that it confirms the extensive surface anomalies in critical energy metals occur at depth and appear to be open in all directions and continue along the 6km E-W trending mineralized corridor. The Company's next phase of exploration will focus on drilling to expand the mineralized zones, scheduled to commence during the latter part of Q1-2023. "Nagvaak" is an Inuit name and has multiple meanings connected to local landmarks - it also means connection with the land.

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StrategX Reports Significant Mineralization in Drill Core at Nagvaak Project

StrategX Reports Significant Mineralization in Drill Core at Nagvaak Project

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), reports significant mineralization in drill core that resembles surface rock samples having returned high values greater than 1% nickel equivalent (NiEq) and 0.5% vanadium pentoxide. Approximately 1,000m of well-preserved stored core from a 1996 drill program completed by BHP at Nagvaak was logged in detail with a focus on identifying mineralized intervals for energy transition metals. The previous drill program by BHP focused on exploring for zinc mineralization outlined by a gravity anomaly and multiple EM conductors central to the Nagvaak target area. The Company's exploration program confirmed the location of the BHP drillhole collars and incorporated the drill holes and recently completed ground geophysical survey results into a sectional interpretation (see news release dated October 14th, 2022). Utilizing a handheld XRF spectrometer, the StrategX exploration team identified mineralized zones anomalous in nickel, vanadium, cobalt, copper, molybdenum, and silver. A total of 354 drill core samples were taken and sent to SRC laboratory for assaying.

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StrategX Completes 1st Tranche Non-Brokered Private Placement

StrategX Completes 1st Tranche Non-Brokered Private Placement

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") announces that, further to its news release of October 14, 2022, it has closed the first tranche of its non-brokered private placement (the "Private Placement") by issuing 803,166 flow-through shares ("FT Shares") for $0.30 per FT Share for gross proceeds of $240,950, and 1,901,000 non-flow-through share units ("NFT Units") for $0.25 per NFT Unit for gross proceeds of $475,250. In relation to the NFT Units, the Company issued 950,500 common share purchase warrants, each entitling the holder to purchase a non-flow-through common share of the Company for $0.40 per share until October 25, 2025. The Company paid finder's fees of $30,015 with this closing. All securities issued at closing are subject to a hold period expiring February 26, 2023, in accordance with applicable securities laws and the policies of the CSE.

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American Copper Development to Commence Trading on the OTCQB Venture Market Under Symbol "ACDXF"

American Copper Development to Commence Trading on the OTCQB Venture Market Under Symbol "ACDXF"

American Copper Development Corporation (CSE: ACDX) (OTCQB: ACDXF) ("ACDC" or the "‎‎Company") is pleased to announce that effective February 2, 2023, the Company's common shares will commence trading on the OTCQB Venture Market (the "OTCQB") in the United States, under the symbol "ACDXF". The OTCQB is a U.S. trading platform that is operated by the OTC Markets Group in New York and is the premiere marketplace for growth and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process.

Daniel Schieber, CEO of American Copper, comments, "America needs copper, a lot of copper in order to achieve its clean energy goals. It is only fitting for our US focused copper company to be open to the American investing public. So we welcome all our future ACDXF shareholders. For those about to invest - we salute you! Let's Rock!"

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Inomin Secures Beaver Discovery Team

Inomin Secures Beaver Discovery Team

Inomin Mines Inc. (TSXV: MINE) ("Inomin", "MINE" or the "Company") reports signing a drilling agreement for the Company's Beaver-Lynx critical minerals property, an emerging magnesium-nickel-chromium-cobalt discovery located in south-central British Columbia. The next drilling is aimed at expanding Inomin's significant 2022 discovery and working towards delineating resources at Beaver. Maiden drilling is also planned at the Lynx area to test if mineralization is similar to discoveries at Beaver. Drilling is targeted to start this spring, with further drilling anticipated in summer andor autumn.

John Gomez, President of MINE comments, "We're happy we have been able to secure the same drilling company that we worked with to make our inaugural big discoveries at Beaver. Our team is excited to build on our successful exploration programs and test multiple, large, mineral footprints. We also look forward to completing first-ever drilling at Lynx that has even larger targets."

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Emerita Intersects 24.3 Meters Grading 5.1% Zinc, 2.0% Lead, 0.2% Copper, 1.16 g/t Gold and 100.5 g/t Silver, Including 7.1 Meters Grading 12.4% Zinc, 3.1% Lead, 0.2% Copper, 0.80 g/t Gold And 67.7 g/t Silver at La Romanera Deposit

Emerita Intersects 24.3 Meters Grading 5.1% Zinc, 2.0% Lead, 0.2% Copper, 1.16 g/t Gold and 100.5 g/t Silver, Including 7.1 Meters Grading 12.4% Zinc, 3.1% Lead, 0.2% Copper, 0.80 g/t Gold And 67.7 g/t Silver at La Romanera Deposit

Emerita Resources Corp. (TSX V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") is pleased to announce assay results from 12 additional drill holes from the 2022 - 2023 delineation drilling program at La Romanera Deposit at its wholly owned Iberian Belt West project ("IBW" or the "Project"). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth.

Assay results have been received for the following 12 drill holes: LR036B, LR042B, LR049, LR051, LR053, LR058, LR064, LR065, LR066, LR077, LR082 and LR086) at La Romanera deposit reported below. These holes intersected the western and center part of the deposit between -50 and -300 m elevation. This area is characterized by massive sulfides comprising sphalerite, galena and chalcopyrite within a massive pyrite gangue. A number of these holes are on the western edge of the deposit as it has been drilled to date and near the limit of the high grade sulphide mineralization, however, the extent of the deposit further to the west remains open. The massive sulphides persist along the west side of the deposit but are higher in pyrite and lower in base metals generally. It will be necessary to step out further west in future as deposits in the Iberia Pyrite Belt commonly have pyritic zones adjacent to higher grade sulphides. Gold and silver grades are locally enriched in this portion of the deposit, precious metals enrichment appears to correlate with a stockwork type mineralization such as in hole LR082 with elevated copper grades. Thickness in both the Upper and Lower Lenses locally exceed 10 meters in some intercepts. Figure 1 shows a plan map with the hole locations. Figures 2 and 3 are vertical longitudinal sections of the Upper Lens and Lower Lens, respectively, showing the position of the pierce points on the vertical projection. Table 1 provides a complete list of the drill hole data included in this news release.

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WESTERN COPPER AND GOLD'S CASINO PROJECT TO HAVE SIGNIFICANT IMPACT ON YUKON'S ECONOMY

WESTERN COPPER AND GOLD'S CASINO PROJECT TO HAVE SIGNIFICANT IMPACT ON YUKON'S ECONOMY

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce the results of an updated study on the potential economic impact of the development of its wholly owned Casino Copper-Gold Project ("Casino" or the "Project") on the Yukon and Canada recently completed by MNP LLP (the "Report").

Western Copper And Gold logo (CNW Group/Western Copper and Gold Corporation)

The Report incorporates the results from the Casino Feasibility Study dated August 8, 2022 .

The Report highlights the impressive cumulative economic effect that developing Casino will have on the Yukon and Canada during the project's construction, operation, closure, and reclamation. The Casino project is estimated to contribute $44.3 billion to Canada's Gross Domestic Product ("GDP"), create 132,280 full-time equivalent positions ("FTE"), and generate $12.8 billion in wages and salaries over the entire life of the Project. Note that the use of FTEs is a method to account for partial employment or employment for different durations and 1.0 FTE is equivalent to a full-time job for one year of employment.

The Report estimates the GDP generated in Yukon by the construction of Casino at $1.7 billion . The construction phase is estimated to contribute $3.6 billion to Canada's economy while generating 25,580 FTEs resulting in $2.1 billion in wages and salaries across Canada .

During each of its 27 years of operation, the Casino Project is expected to contribute $1.3 billion to Yukon's economy. Operation of the mine is estimated to contribute $1.5 billion to Canada's GDP annually while creating 3,880 FTEs and generating $391 million in wages and salaries across Canada .

The Casino Project is also expected to generate $11.2 billion in taxes and royalties to various governments during the life of mine.

"The Casino Project is one of the most significant critical minerals projects in Canada and in addition to providing much needed minerals to assist the energy transition will provide great economic benefit to the Yukon and Canada ," said Dr. Paul West-Sells , President and CEO of Western. "Additionally, the Casino project will provide additional benefits such as training, education, and infrastructure enhancements, which will benefit the Yukon over the longer term. Importantly, we can do this while developing the Casino Project in a way that reflects Yukoners environmental and socio-cultural values."

Western Copper and Gold Corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com

On behalf of the board,

"Paul West-Sells"

Dr. Paul West-Sells
President and CEO
Western Copper and Gold Corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. In making the forward-looking statements herein, the Company has applied certain material assumptions including, but not limited to, the assumption that general business conditions will not change in a materially adverse manner.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-golds-casino-project-to-have-significant-impact-on-yukons-economy-301737226.html

SOURCE Western Copper and Gold Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2023/02/c5106.html

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Getchell Gold Corp. Files Technical Report for the Mineral Resource Estimate at Fondaway Canyon, NV

Getchell Gold Corp. Files Technical Report for the Mineral Resource Estimate at Fondaway Canyon, NV

Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to announce the filing of the Mineral Resource Estimate ("MRE") technical report for the Fondaway Canyon project in Churchill County, Nevada. The MRE conceptualizes potential open pit and underground mining.

Mineral Resource Estimate Key Highlights

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Slave Lake Zinc Acquires Significant Historic Database for O'Connor Lake Critical Metals Project

Slave Lake Zinc Acquires Significant Historic Database for O'Connor Lake Critical Metals Project

Slave Lake Zinc Corp. (CSE: SLZ) (the "Company"): has recently acquired a significant database of historic (pre-1952) information pertaining to the O'Connor Lake zinc-lead-copper-silver -gold critical metals project. The Company is currently analyzing the new files and applying a modern exploration interpretation to them. The objective is to merge these new results with exploration results already generated by Slave Lake. The Company will use these combined results to coordinate the next phase of exploration consisting of geologic mapping and sampling, prospecting, and detailed geophysical surveys and to prioritize drill targets.

Slave Lake has recently reviewed our modern data with the Company's Geological consultants and a detailed interpretation of the lease portion of the 900-plus line kilometer airborne survey conducted earlier has been developed for follow up. The follow up interpretation contained within this small area to the south-west and parallel to the old head frame area has identified multiple new geophysical anomalies parallel to the main structural zone that was historically being developed prior to 1952. One strong new target is present southwest of the main zone and lies under water immediately offshore. Prior to application of modern exploration surveys this target would not be detected. Slave Lake will now conduct a detailed ground geophysical survey to define the target for drill testing. This survey work will utilize the ice cover on the lake to properly map the anomaly.

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