StrategX Elements Corp. Announces Second Tranche Closing of Non-Brokered Private Placement

StrategX Elements Corp. announces that it has now completed a second tranche closing of its previously announced non-brokered private placement, raising gross proceeds of $198,000 through the issuance of 1,320,000 units at a price of $0.15 per unit. The proceeds will support the continued advancement of the Company's Critical Minerals exploration projects on the Melville Peninsula, Nunavut, Canada. Each unit consists of one common share and one-half of one transferable common share purchase warrant, with each whole warrant exercisable to purchase one additional common share of the Company at $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 pursuant to the Second Tranche are subject to a statutory hold period expiring January 18, 2027, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. Together with the first tranche closing announced July 16, 2026, the Company has now raised a total of $531,856.35 from the sale of 3,545,709 units. The Company expects that a final tranche closing relating to the remaining balance of units available for sale under this Offering will be completed on or before September 30, 2026. StrategX is a Canadian critical minerals exploration company currently focused on discovering and advancing district-scale mineral systems in northern Canada. Its flagship Na g vaak Project , located on the Melville Peninsula in Nunavut, hosts a large-scale critical minerals 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 minerals districts and is strategically positioned to contribute to secure North American supply chains supporting electrification, energy security, and advanced manufacturing.