StrategX Elements Corp. announced core assay results for drill holes #1 and #2 previously drilled by BHP in Target Area 4 at its Nagvaak property on the Melville Peninsula, Nunavut. The results indicate the presence of continuous intervals of polymetallic mineralization, confirming significant width and depth potential for the mineralized zones.

The drill intervals include a 35.7-metre zone in hole #1 and a 38.4-metre zone in hole #2 with significant concentrations of nickel, vanadium oxide, copper, molybdenum, zinc, silver, and platinum group elements + gold. This is in line with hole #14 located 2.3 km to the west which returned 58 metres of 2.63% copper equivalent. These results further support the 6 km-long mineralized corridor identified on the surface and lay the foundation for the next phase of exploration, aimed at drilling a potentially large resource of energy transition metals.

In addition, metallurgical studies will be conducted to evaluate the potential recovery of key metals in order to confirm the metal equivalency values of the mineralized zones - targeting nickel equivalent greater than 1% or copper equivalent greater than 2%. This represents a major step forward in StrategX's mission to be at the forefront of the energy transition by continuing to unlock the potential of its Nagvaak property. The drill core assay results for the 35.7-metre interval in hole #1 include 0.29% nickel, 0.36% vanadium pentoxide, 0.15% copper, 0.04% molybdenum, 0.73% zinc, 8.26 g/t silver, and 0.13 g/t platinum group elements plus gold and for the 38.4-metre interval in hole #2 include 0.21% nickel, 0.37% vanadium pentoxide, 0.12% copper, 0.04% molybdenum, 0.69% zinc, 6.12 g/t silver, and 0.11 g/t platinum group elements plus gold.