StrategX Elements Corp. (STGX) Financings
CSE: STGX · Cobalt · Exploration stage
- Market cap$11.1M
- Share price$0.175
- 52-week range$0.095 – $0.250
- Shares outstanding63,392,692
- ExchangeCSE
- Properties6
- Websitewww.strategxcorp.com
StrategX Elements Corp. is an exploration company poised to be a significant contributor in the green energy sector and emerging low carbon economy. The Company is currently focused on discovery of cobalt and associated ‘green’ metals in northern Canada. The Company’s property portfolio includes two new regional plays: Project 939 & EA South situated near the shores of the East Arm of the Great Slave Lake, Northwest Territories, and Project M on the Melville peninsula, Nunavut, located close to tidewater.
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StrategX Elements Corp. financial statements
Key figures read from 10 of 10 financial statement filings, Apr 4, 2022 to Oct 26, 2023. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Cash and equivalents | C$539,021 | C$831,038 | C$95,317 |
| Short-term investments | C$79,032 | C$67,532 | C$62,280 |
| Total current assets | C$735,576 | C$847,759 | C$100,078 |
| Total current liabilities | C$1,966,776 | C$371,958 | C$113,265 |
| Working capital | (C$1,231,200) | C$475,801 | (C$13,187) |
| Exploration and evaluation assets | C$3,623,771 | C$1,397,558 | C$861,450 |
| Property, plant and equipment | C$26,284 | — | — |
| Total assets | C$4,599,452 | C$2,439,242 | C$1,150,545 |
| Debt | C$40,000 | C$40,000 | C$74,793 |
| Total liabilities | C$2,030,937 | C$371,958 | C$138,058 |
| Shareholders' equity | C$2,568,515 | C$2,067,284 | C$1,012,487 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2022 | FY Dec 2021 | FY Dec 2020 | |
|---|---|---|---|
| Exploration and evaluation expense | C$803,901 | — | — |
| General and administrative | C$99,836 | C$27,453 | C$40,400 |
| Share-based compensation | C$434,917 | C$120,519 | C$0 |
| Net income (loss) | (C$1,954,032) | (C$578,740) | (C$69,954) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2022 | FY Dec 2021 | FY Dec 2020 | |
|---|---|---|---|
| Operating cash flow | (C$792,261) | (C$241,465) | (C$17,205) |
| Investing cash flow | (C$1,653,636) | (C$486,019) | (C$77,627) |
| Financing cash flow | C$2,153,945 | C$1,463,018 | C$107,950 |
| Exploration spending (capitalized) | (C$1,614,896) | (C$531,767) | (C$184,296) |
| Change in cash | (C$291,952) | C$735,534 | C$13,118 |
| Cash at end of period | C$539,021 | C$831,038 | C$95,317 |
StrategX Elements Corp. financings
1 financing announced or closed by StrategX Elements Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-06-18 | StrategX Elements Corp. (STGX) | Private placement, non-brokered | Tranche closed, 3 tranches | $900K | $0.150 | StrategX Elements Corp. Announces Non-Brokered Private Placement of up to $900,000 |
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