StrategX Elements Corp. announced a non-brokered private placement of flow-through common shares at a price of CAD 0.35 per flow-through share, and non-flow through units at a price of CAD 0.30 per non-flow through unit; for aggregate gross proceeds of up to CAD 1,500,000 on August 31, 2022. Each non-flow through unit will be comprised of one non-flow-through common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one non-flow-through common share for CAD 0.45 per share for a period of three years.

The company may pay a finder's fee to eligible finders in relation to the transaction, subject to compliance with applicable securities laws and the policies of the Canadian Securities Exchange. All the securities issued will be subject to a four month and one-day hold period under securities laws in Canada.