StrategX Elements Corp. has completed the second tranche closing of its non-brokered private placement, raising gross proceeds of $198,000 through the issuance of 1,320,000 units priced at $0.15 each.

The financing proceeds will support the continued advancement of the company’s critical minerals exploration projects on the Melville Peninsula in Nunavut, Canada. Each unit delivered in the placement consists of one common share and one-half of one transferable common share purchase warrant. Every whole warrant entitles the holder to purchase an additional common share at a price of $0.25 for a period of 36 months from the date of issuance.

No finder’s fees were paid in connection with the second tranche. All securities issued under this closing are subject to a statutory hold period expiring on January 18, 2027, in accordance with applicable securities laws and Canadian Securities Exchange policies.

Combined with the first tranche closing announced on July 16, 2026, StrategX has raised a cumulative total of $531,856.35 from the sale of 3,545,709 units. The company focuses on discovering and advancing district-scale mineral systems in northern Canada, with its flagship Nagvaak Project on the Melville Peninsula hosting a large-scale system prospective for nickel, copper, cobalt, vanadium, graphite, and silver. StrategX expects to complete a final tranche closing for the remaining available units under the offering on or before September 30, 2026.

Read the full announcement: StrategX Elements Corp. Announces Second Tranche Closing of Non-Brokered Private Placement