On June 24, 2024, StrategX Elements Corp. closed the transaction. The company announced that it has issued 15,000,000 charity flow-through shares to be sold to charitable purchasers at a price of CAD 0.30 per charity FT share for the gross proceeds of CAD 4,500,000.

All Charity FT Shares issued under the Charity FT Financing are subject to a hold period expiring October 25, 2024, in accordance with applicable securities laws in Canada and the policies of the Canadian Securities Exchange. The transaction included participation from new investor Northern Exposure Minerals LP thereby acquiring approximately 28.5% of the issued shares. Prior to the closing of the Charity FT Financing, investor did not hold any securities of the Company.

Following the acquisition of 15,000,000 common shares under the Charity FT Financing, investor now possesses 15,000,000 common shares, constituting approximately 28.5% of outstanding shares on a non-diluted basis. The investor does not hold any convertible securities of the company. The transaction included participation from individual investor Darren Bahrey, who did not acquire any company's share under that Private Placement and as a result his percentage ownership in the Issuer decreased by more than 2%.

Prior to the Private Placement, Darren Bahrey owned or controlled 4,836,551 company's shares, representing approximately 12.8% of the then outstanding company's shares, on a non-diluted basis. After completion of the Private Placement, Darren Bahrey owns or controls 4,836,551 company's shares, representing approximately 9.2% of the outstanding company's shares, on a non-diluted basis. On a partially diluted basis (assuming the exercise of all 500,000 stock options and 27,775 warrants held by Bahrey/Global X), Darren Bahrey would have ownership and control over approximately 10.1% of the then issued company's shares.