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.

About StrategX
StrategX is a new Canadian-based exploration company on a mission to be a significant contributor to the natural resources sector and sustainable energy economy. The Company is currently focused on the discovery of cobalt and associated energy transition metals in northern Canada. 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 here to 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 regulation 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/141785

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StrategX Expands Nagvaak Critical Metals and Graphite Discovery with 45.6m Drill Core Interval

StrategX Expands Nagvaak Critical Metals and Graphite Discovery with 45.6m Drill Core Interval

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") reports a 45.6-metre drill core interval within the identified 6-kilometre mineralized corridor rich in critical metals, which shows great potential in all directions. This interval is located 4 kilometres from the initial discovery drill hole which returned 58 metres of 2.63% copper equivalent as detailed in our previous press release (click here to view). Furthermore, preliminary results have returned significant high-grade graphite >20% Cg, much higher than typically observed in other graphite deposits in North America.

EXPLORATION HIGHLIGHTS

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StrategX Elements Corp. Announces Executive Change and New Board Member

StrategX Elements Corp. Announces Executive Change and New Board Member

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") announces a transition in leadership with the departure of Andrea Yuan from her role as Chief Financial Officer ("CFO") to pursue other endeavours. Ms. Yuan was instrumental in navigating the Company through its IPO process and subsequent listing on the CSE. The Board and CEO would like to thank Andrea for her efforts and contributions over the past few years. Ryan McEachern, a director of the Company and previous Chair of the Audit Committee, has been appointed interim CFO effective immediately. Mr. McEachern brings a wealth of experience to the role, ensuring a smooth transition. Concurrently, he has stepped down from the Company's Audit Committee position.

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StrategX Increases the Size of the Nagvaak Critical Metals Discovery on the Melville Peninsula in Northern Canada

StrategX Increases the Size of the Nagvaak Critical Metals Discovery on the Melville Peninsula in Northern Canada

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") is pleased to announce a considerable advancement reporting additional positive assay results for surface rock samples and drill core from its 100%-owned (2,665-hectare) Nagvaak property. This confirms the discovery of additional zones of critical metals on surface and at depth. These results expand the length of the mineralized corridor to over 6 kilometres and correlate well with previously interpreted geophysical anomalies. The exploration team is focused on prioritizing drill targets and preparing a first phase of drilling to potentially define a large polymetallic deposit in nickel, copper, vanadium, molybdenum, zinc, and precious metals at Nagvaak.

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StrategX Announces First Tranche Closing of Non-Brokered Private Placement

StrategX Announces First Tranche Closing of Non-Brokered Private Placement

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") announces that it has closed the first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Private Placement"). Under the First Tranche, the Company has issued 440,000 flow-through shares ("FT Shares") for gross proceeds of $110,000, and 300,000 non-flow-through share units ("NFT Units") for gross proceeds of $60,000. In connection with the First Tranche, the Company paid a total of $6,000 as finder's fees. All securities issued under the First Tranche are subject to a hold period expiring December 22, 2023, in accordance with applicable securities laws and the policies of the CSE.

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StrategX Elements Corp. Announces Non-Brokered Private Placement

StrategX Elements Corp. Announces Non-Brokered Private Placement

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), intends to complete a non-brokered private placement to raise gross proceeds up to $1,000,000 (the "Offering"). The Offering will be comprised of a combination of (i) flow-through common shares (each an "FT Share") to be sold at $0.25 per FT Share, and (ii) non-flow-through units (each an "NFT Unit") to be sold at $0.20 per NFT Unit. Each NFT Unit will be comprised of one non-flow-through common share and one common share purchase warrant entitling the holder to purchase one non-flow-through common share of the Company for $0.30 per share for a period of three years. The exact number of FT Shares and NFT Units sold will be determined at closing.

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AWALÉ ANNOUNCES C$10 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF UNITS

AWALÉ ANNOUNCES C$10 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF UNITS

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought-deal private placement basis, 16,130,000 units of the Corporation (the "Units") at a price of C$0.62 per Unit (the "Offering Price") for gross proceeds of C$10,000,600 (the "Underwritten Offering").

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Vizsla Copper Completes Acquisition of Universal Copper

Vizsla Copper Completes Acquisition of Universal Copper

Vizsla Copper Corp. (TSXV: VCU) (" Vizsla Copper ") and Universal Copper Ltd. (TSXV: UNV) (" Universal Copper ") are pleased to announce the completion of the plan of arrangement under the Business Corporations Act ( British Columbia ) (the " Arrangement "), as previously disclosed on February 14, 2024 . Pursuant to the terms of the Arrangement, among other things, (i) Vizsla Copper acquired 100% of the issued and outstanding common shares in the capital of Universal Copper (the " UNV Shares ") in exchange for the issuance of 0.23 common shares in the capital of Vizsla Copper (each whole common share, a " Vizsla Copper Share ") to shareholders of Universal Copper (" Shareholders ") in exchange for each UNV Share (the " Exchange Ratio "), (ii) Universal Copper's outstanding stock options (" Options ") were exchanged for options of Vizsla Copper, and (iii) Universal Copper's outstanding warrants became exercisable to acquire Vizsla Copper Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio.

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Grid Battery Announces Record Date and Effective Date for Spin-Out of AC/DC Battery Shares

Grid Battery Announces Record Date and Effective Date for Spin-Out of AC/DC Battery Shares

(TheNewswire)

Grid Battery Metals Inc..
  • Grid Battery Metals Inc. sets April 25, 2024 as the record date for the distribution to its shareholders of AC/DC shares

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FPX Nickel Announces Expansion to Generative Alliance with JOGMEC

FPX Nickel Announces Expansion to Generative Alliance with JOGMEC

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce an expansion of the Company's Global Generative Alliance (the " Generative Alliance ") program with Japan Organization for Metals and Energy Security (" JOGMEC "). Building on Year One progress and positive momentum achieved to-date, FPX and JOGMEC have agreed to an expanded Year Two budget. The program will remain focused on the global identification and acquisition of high-quality awaruite nickel properties similar in geological character to the Company's flagship Baptiste Nickel Project (" Baptiste ") in central British Columbia.

FPX Nickel logo (CNW Group/FPX Nickel Corp.)

Highlights

  • Global Generative Alliance budget increased from initially planned $650,000 to $1,500,000 for Year Two
  • Through ongoing evaluations in five international and three Canadian jurisdictions, the Generative Alliance program remains on track to define Designated Projects to be joint ventured by FPX and JOGMEC starting in Year Two
  • The Generative Alliance program has staked approximately 120 km 2 of prospective ground in British Columbia

"We are pleased with our progress during Year One of our Generative Alliance with JOGMEC and look forward to increasing momentum through a significantly expanded Year Two budget," commented Andrew Osterloh , FPX's Senior Vice-President of Projects and Operations. "Our shared vision of realizing new globally significant awaruite nickel deposits remains resolute, and with ongoing evaluations in multiple Canadian and International jurisdictions, we are on track to achieve our shared objective of defining Designated Projects starting in Year Two."

A JOGMEC representative commented: "JOGMEC has decided to increase funding for Year Two activities with a view to identifying significant new awaruite deposits, which could be a globally significant, low-carbon, source of nickel for the electric vehicle battery supply chain toward the realization of a carbon-neutral society."

In April 2023 , FPX and JOGMEC initiated a Generative Alliance to carry out mineral exploration activities for the identification and acquisition of high-quality awaruite nickel targets on a worldwide basis. Under the terms of the agreement, JOGMEC funded 100% of the $650,000 budget in Year One (covering the year ended March 31, 2024 ) and will fund 100% of the first $650,000 budgeted for Year Two (for the year ended March 31, 2025 ).

Building on Year One progress and the positive results of work completed to-date, FPX and JOGMEC have agreed to expand the Year Two budget to a total of $1,500,000 . Under the terms of the agreement for Year Two, after JOGMEC has funded a cumulative total of $1,300,000 , the parties will fund ensuing exploration activities on pro-rata basis (FPX 40% and JOGMEC 60%).

Subject to agreement between FPX and JOGMEC, one or more specific targets identified by the Generative Alliance may be advanced to a second phase to be further developed as a separate designated project (" Designated Project "). Each Designated Project will have its own work program and budget with the objective, of testing and further developing the identified targets. For each Designated Project, JOGMEC and FPX will respectively fund 60% and 40% for approved work programs.

During Year One of the Generative Alliance, FPX's exploration team conducted evaluations and/or sampling programs in five international and three Canadian jurisdictions. With multiple evaluations ongoing, and further prospective opportunities identified, the program is on track to identify Designated Projects in its second year.

Representing the first ground staked under the Generative Alliance, the Company is pleased to announce the acquisition of approximately 120 km 2 of new mineral claims in British Columbia. This staking was based on historic sampling by FPX coupled with updated geological interpretation based on FPX's learnings at Baptiste.

The Company is currently strategizing on additional mineral tenure acquisitions within British Columbia , elsewhere in Canada , and in multiple international jurisdictions across multiple continents; one or more of such land packages may ultimately be selected as a Designated Project under the terms of the Generative Alliance. As and when Designated Projects are confirmed, FPX will provide additional disclosure regarding the location and planned work programs for such Projects.

Keith Patterson , P.Geo., FPX's Vice President, Generative Exploration, FPX's Qualified Person under NI 43-101, has reviewed and approved the scientific and technical content of this news release.

About the Decar Nickel District

The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni 3 Fe) hosted in an ultramafic/ophiolite complex. The Baptiste mineral claims cover an area of 245 km 2 west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately US $30 million has been spent on the exploration and development of Baptiste.

The Baptiste Deposit is located within the Baptiste Creek watershed, on the traditional and unceded territories of the Tl'azt'en Nation and Binche Whut'en, and within several Tl'azt'enne and Binche Whut'enne keyohs. FPX has conducted mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh holders.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/18/c3991.html

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NetZero Metals Awards Engineering Contracts and Advances Engineering Studies on Two Processing Facilities

NetZero Metals Awards Engineering Contracts and Advances Engineering Studies on Two Processing Facilities

Highlights

  • Key Engineering Contracts Awarded and Work is Underway
    • Steel plant design led by SMS group
    • Key portions of nickel plant design led by Metso
    • Overall study compilation & supporting engineering led by Ausenco
  • Feasibility studies for Nickel Processing Facility and Stainless Steel and Alloy Production Facility near Timmins, Ontario remain on target for year-end

NetZero Metals Inc. ("NetZero Metals" or the "Company"), a wholly-owned subsidiary of Canada Nickel Company Inc. ("Canada Nickel") (TSXV: CNC) (OTCQX: CNIKF) today provided an update on the progress of engineering studies for two processing facilities a nickel processing facility and a stainless steel and alloy production facility in the Timmins Nickel District.

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Northern Dynasty: USACE Updates the Pebble Permitting Process in Light of the EPA Veto

Northern Dynasty Minerals Ltd. (TSX:NDM);(NYSE American:NAK) ("Northern Dynasty" or the "Company") and 100%-owned U.S.- based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") have been advised by the US Army Corps of Engineers ("USACE") that, after months of successive delays, the USACE has declined to engage in the remand process related to the November 25, 2020 denial of a permit application for the Pebble Project, citing the U.S. Environmental Protection Agency's ("EPA") intervening veto of the development at Pebble

After the November 25, 2020, denial of the permit application for the Pebble Project, a separate division of the USACE remanded the denial decision back to the USACE Alaska District on April 25, 2023, after an administrative review found numerous errors with the denial decision. Today, after several requests for extensions, the USACE has announced that it has declined to engage in the remand process altogether. The USACE reasoning is due to the EPA veto, which effectively prevents them from altering their decision while that veto is in place. On March 15, 2024, we announced we were filing an appeal of the EPA veto in Federal District Court in Alaska, and the State of Alaska filed its action against the veto on April 11, 2024.

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