StrategX Elements (CSE:STGX)

StrategX Elements: Targeting Underexplored Regions in Northern Canada for Energy Transition Metals


StrategX Elements Corp. (CNSX:STGX) focuses on discovering new energy transition metal deposits required for the shift to clean and sustainable energy technologies. The company’s assets centers on cobalt, nickel, and other energy transition metals to contribute to Canada’s domestic supply chain. StrategX’s five 100-percent-owned assets are within Nunavut and the Northwest Territories.

The company’s assets cover 110,00 hectares in the Northwest Territories and 60,000 hectares in Nunavut. StrategX’s flagship project, Nagvaak in Nunavut, is highly prospective for nickel, vanadium, cobalt, copper, molybdenum, silver and PGMs. In Q1 2023, the company plans to conduct a first phase 2,000-meter drill program to confirm suspected deposits. The company’s additional projects are moving towards exploratory drilling as exploration campaigns aim to identify priority targets.

Location Map

StrategX believes in the importance of maintaining a positive ESGI rating as a company focusing on supporting renewable energy. Leadership has prioritized building solid relationships with local communities from the beginning and integrating these communities into the project. The company understands that communities need to be involved in unlocking the critical mineral potential of its assets.

Company Highlights

  • StrategX is a Canadian exploration company with assets in Nunavut and the Northwest Territories focusing on making discoveries of energy metals, including cobalt, nickel, vanadium, and PGEs.
  • The company aims to contribute to Canada’s emerging critical metal supply chain to support net-zero initiatives.
  • StrategX has five 100-percent-owned projects in Nunavut and the Northwest Territories targeting metals critical to transitioning to clean energy technologies.
  • The Nagvaak project, the company’s flagship asset, is scheduled to begin exploratory drilling in Q1 2023 to follow up on priority targets identified in the Q3-Q4 2022 campaign.
  • A strong emphasis is placed on achieving a positive ESGI rating, and management has prioritized building relationships with local communities from the beginning.
  • A management team with expertise throughout the natural resources industry and a track record of success lead the company toward its goals.

This StrategX Elements Corp profile is part of a paid investor education campaign.*

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StrategX Elements (CSE:STGX)

StrategX Elements


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StrategX Elements Corp. Announces Board Changes and Appointment of Strategic Advisors

StrategX Elements Corp. Announces Board Changes and Appointment of Strategic Advisors

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") is pleased to announce Marcio Fonseca has been appointed to the Board of Directors of the Company as an independent director and the new Chair of the Company's Audit Committee effective immediately.

Darren Bahrey, President and CEO, stated, "On behalf of the Company we are excited to have Mr. Fonseca join the Board. His appointment further enhances our board by adding business development, capital markets, and track records in the discovery and development of successful mining projects worldwide. We look forward to working closely with him on continuing the responsible growth of the Company with his knowledgeable guidance on delineating potential Tier 1 discoveries and the development of critical mineral deposits in northern Canada. With the addition of Marcio, our team and board have extensive experience working in all phases of exploration, project development and operations, including transactions in the capital markets."

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StrategX Elements Corp. Completes $4.5 Million Charity FT Private Placement

StrategX Elements Corp. Completes $4.5 Million Charity FT Private Placement

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), is pleased to announce the successful completion of its previously announced $4,500,000 charity flow-through private placement (the "Charity FT Financing"). No warrants or finder's fees were issued or paid in conjunction with this financing.

The Charity FT Financing, closed on June 24, 2024, involved the issuance of 15,000,000 common shares (the "Charity FT Shares") priced at $0.30 per share, generating gross proceeds of $4,500,000. These funds will be dedicated to funding "Canadian exploration expenses" qualifying as "flow-through critical mineral mining expenditures," pursuant to the Income Tax Act (Canada), related to StrategX's properties by December 31, 2025. The Company will renounce all Qualifying Expenditures in favour of Charity FT Shares subscribers effective December 31, 2024. All Charity FT Shares issued under the Charity FT Financing are subject to a hold period expiring October 25, 2024, in accordance with applicable securities laws in Canada and the policies of the Canadian Securities Exchange ("CSE").

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StrategX Announces Results of Annual General Meeting

StrategX Announces Results of Annual General Meeting

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") held the annual general meeting (the "AGM") of its shareholders on June 24th, 2024. All resolutions at the AGM were unanimously (100%) approved, including:

  • setting the number of directors at four,
  • re-appointing Darren Bahrey, Ryan McEachern, Paula Caldwell St-Onge and David Haig as directors of the Company; and
  • re-appointing Crowe MacKay LLP, Chartered Professional Accountants, as auditor of the Company.

21,634,317 shares, being approximately 57.55 percent of the issued and outstanding shares, were represented at the AGM.

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StrategX Elements Corp. Announces $4.5M Charity Flow-Through Private Placement

StrategX Elements Corp. Announces $4.5M Charity Flow-Through Private Placement

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), announces that it proposes to undertake an up to $4,500,000 non-brokered private placement of flow-through shares (the "Charity FT Shares") to be sold to charitable purchasers at a price of $0.30 per Charity FT Share. The gross proceeds received from the sale of the Charity FT Shares will be used for work programs on the Company's exploration properties. All securities issued and sold under this financing will be subject to a four-month-and-one-day hold period under securities laws in Canada. The Company expects to complete this Charity FT Share financing on or before June 24, 2024.

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StrategX Elements Corp. Announces $1.5M Private Placement Resulting in Creation of a Control Person

StrategX Elements Corp. Announces $1.5M Private Placement Resulting in Creation of a Control Person

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), announces its intention to complete a non-brokered private placement of up to 15,000,000 common shares (the "Shares") at a purchase price of $0.10 per Share to raise gross proceeds of up to $1,500,000. The proceeds received from the sale of the Shares will be used to fund a drill program on the Company's Nagvaak Property and for general working capital purposes. When issued, the Shares will be subject to a four-month-and-one-day hold period under securities laws in Canada.

It is proposed that all of the Shares will be purchased by David Haig Associates Inc. ("DHA"), which will result in DHA holding 28.5% of the issued shares of the Company, on a non-diluted basis. As such, DHA will become a new control person. This financing is subject to CSE approval. Pursuant to CSE policies, the creation of a new control person is subject to shareholder approval which may be obtained by way of written consent of shareholders holding 50% + 1 of the issued shares of the Company. This private placement is expected to close as soon as all approvals have been obtained.

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Glencore's Lomas Bayas Partners with Ceibo to Accelerate Access to Clean Copper

Following a two-year study, Glencore to scale the use of Ceibo's sulfide leaching technology   that significantly improves copper recovery

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Cobalt Price Recovery Uncertain as Battery Chemistry Shifts Erode Demand

Cobalt market watchers are warning that a near-term resurgence in prices and demand may not occur.

Cobalt prices have spent most of 2024 on the decline, falling to lows not seen since 2016. Values for the electric vehicle (EV) battery metal have fallen 74 percent from highs set in 2022 (US$81,969.70 per metric ton).

Prices are now sitting at the US$23,383.80 per metric ton level, an eight year low.

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Top 10 Cobalt Producers by Country (Updated 2024)

Battery metal cobalt has been in focus in recent years for its role in lithium-ion batteries, bringing attention to the top cobalt producing countries.

One of the metal’s main catalysts is the electric vehicle roll out. The lithium-ion batteries that power electric vehicles and energy storage require lithium, graphite and cobalt, among other raw materials, and demand for these important commodities is expected to keep rising as the shift toward clean technologies continues at a global scale.

Additionally, the metal is predominantly produced as a by-product of copper and nickel, two other metals that are important for the green transition.

However, supply growth in many of the battery metals has out scaled near-term demand, leading to a price pullback over the last two years. The cobalt market has trended downwards in 2024, with prices falling 10 percent from July to September.

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Cobalt Market Update: Q3 2024 in Review

A contraction continued in the cobalt market during the year's third quarter, with metal values falling from US$27,151.50 per metric ton (MT) on July 1 to US$24,299 by the end of September.

The 10 percent decline is part of a larger 16.56 percent year-to-date contraction.

“This quarter saw minimal pricing movements as the market experienced a prolonged period of low prices,” said Roman Aubry, cobalt pricing analyst at Benchmark Mineral Intelligence.

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High Tech Metals Limited

Quarterly Activities Report and Appendix 5B for the Period Ending 30 September 2024

High-Tech Metals Limited (ASX: HTM) (High-Tech, HTM or the Company), a critical battery minerals exploration Company, is pleased to provide the following report on its activities for the Quarter ending 30 September 2024 (“Quarter”). The Company’s primary activities during the quarter were the desktop review of Werner Lake Project, Canada, (“Werner Lake”).

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Sherritt Reports Third Quarter 2024 Results; Strong Operational Performance at Metals with Significant Improvements to Net Direct Cash Costs; Increased Available Liquidity in Canada

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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StrategX Elements

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