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Strategx Elements Corp
Symbol STGX
Shares Issued 63,392,692
Close 2026-10-23 C$ 0.175
Market Cap C$ 11,093,721
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Strategx closes $379,254 final tranche of placement

2026-10-30 05:20 ET - News Release

Mr. Darren Bahrey reports

STRATEGX ELEMENTS CORP. ANNOUNCES FINAL TRANCHE CLOSING OF OVER-SUBSCRIBED PRIVATE PLACEMENT RAISING $911,110.95

Strategx Elements Corp. has completed a third and final tranche closing of its oversubscribed non-brokered private placement, previously announced on June 18, 2026, July 16, 2026, and Sept. 17, 2026.

Under the final tranche, the company has issued 2,528,364 units at 15 cents per unit for gross proceeds of $379,254.60. No finders' fees were paid in connection with the final tranche. All securities issued under the final tranche are subject to a hold period expiring March 1, 2027, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

Darren Bahrey, chief executive officer and a director of the company, participated in the final tranche through a private company owned by him, and purchased 354,631 units for $53,194.65. Mr. Bahrey's participation is considered a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Such insider participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101 as the company is not listed on any of the exchanges or markets outlined in Subsection 5.5(b) of MI 61-101, and the fair market value of the securities distributed to Mr. Bahrey's company does not exceed 25 per cent of the company's market capitalization.

Together with the first tranche closing announced July 16, 2026, and the second tranche closing announced Sept. 17, 2026, the company has raised a total of $911,110.95 from the sale of 6,074,073 units. The proceeds will support the continued advancement of the company's critical mineral exploration projects on the Melville peninsula, Nunavut, Canada.

About Strategx Elements Corp.

Strategx is a Canadian critical mineral exploration company currently focused on discovering and advancing district-scale mineral systems in Northern Canada. Its flagship Nagvaak project, located on the Melville peninsula in Nunavut, hosts a large-scale critical mineral system prospective for nickel, copper, cobalt, vanadium, graphite and silver.

The company is advancing a portfolio of high-priority exploration targets through systematic, cost-effective exploration programs conducted in collaboration with its Inuit partners and local communities. Strategx believes the Melville peninsula represents one of Canada's emerging critical mineral districts and is strategically positioned to contribute to secure North American supply chains supporting electrification, energy security and advanced manufacturing.

We seek Safe Harbor.

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