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By Richard Dal Monte
A greener future isdigital and electric, which requires electricity storage andbatteries.
Sincethe current battery and other green energy technology require certainmetals and minerals, there is a global race to source elements such ascobalt, nickel, graphite, and copper.
Such is the demand that the Canadian governmentidentified 32critical minerals crucial to a green energy transition, saying inits strategy document: “Critical minerals represent a generationalopportunity for Canada’s workers, economy and net-zero future...Simply put, there is no energy transition without criticalminerals.”
Aswell, the International Energy Agency reports :“Solar photovoltaic plants, wind farms and electric vehiclesgenerally require more minerals to build than their fossil fuel-basedcounterparts. A typical electric car requires six times the mineralinputs of a conventional car and an onshore wind plant requires ninetimes more mineral resources than a gas-fired plant.”
StrategX Elements Corp. (CSE:STGX) believes it has a role to play in an electric future by sourcingcritical minerals in Canada’s North.
Promising Results For Critical Minerals InCanada's North
A Vancouver, based exploration company, StrategX is poised tobecome a significant contributor to the natural resources sector andsustainable energy economy with key drilling projects planned inNunavut and Northwest Territories, most importantly its flagshipNagvaak project, which is located on the Melville Peninsula in Nunavutand for which a drill program is planned.
“The future of Nagvaak is based on uscompleting more drilling to determine the potential at depth,” saysDarren Bahrey, StrategX Co-Founder, who serves as its CEO, President,and Director.
Ahistorical drill core left behind by the company BHP returned, afterhis company’s testing, 58 metres of 2.63% copper equivalent, hesays. StrategX recently announced additional core assay results alsosuggest the potential mineralized area is over two kilometreslong.
Mr. Bahreysays in mineral exploration, a size of even 500 metres is consideredlarge and explains that copper equivalent includes significantconcentrations of nickel, vanadium oxide, copper, molybdenum, zinc,silver, and platinum group elements as well as gold. He also notesthat over 2 percent copper equivalent is significant especially whenit is close to the surface.
“It shows that Nagvaak is a big mineral system atthe surface with good grades, and it’s there waiting,” he says.“The next step is drilling…. We believe we’ve got a potentiallylarge resource to define in these energy transition metals.”
“We’re veryfortunate to be in this position to be able to unlock thispotential… This area has a basket of these important metals justwaiting to be discovered.”
Research, Demand and Experience are StrategX'sBackbone
StrategX’s exploration, led by Darren Bahrey and Co-FounderAdam Vary, the company’s Chief Technical, targeting new regions innorthern Canada was based on research and reviewing historical datafrom prior major mining companies as well as new data generated bygovernment-funded regional exploration studies by Geological Survey ofCanada.
The Northis considered an under-explored and unrecognized frontier and one ofthe few places on the planet to discover energy transition metals,Bahrey says, noting cobalt — which the International Energy Agencyreports is among the materials "crucialto battery performance, longevity and energy density" — is the target of several other StrategX drilling projects (Project939, EA South, Project Mel and Project Tasijuaq).
All of this showsStrategX Elements Corp. as a promising long-term investment, says SidRajeev, Vice-President, and Head of Research with Fundamental ResearchCorp. (FRC)
Hesaid mineral exploration is “a highly speculative space” in whichto invest but, in that realm, FRC believes StrategX shows potentialbased on its findings to date, the locations it’s exploring and themetals it’s targeting.
Furthermore, Rajeev emphasizes the critical role of the teamand highlights Bahrey's wealth of experience as a geologist,including his background with Placer Dome. He also notes that StrategXmanagement has skin in the game as owners of large quantities ofstocks. (Bahrey says he holds more than 15 percent while family andfriends own double that.)
The CEO acknowledges the company is “not a market play but along-term play” and says, “for me, it’s all about the goodsfirst — have the assets first and show something. Let the marketrock and roll after that.”
Getting those assets is key, and the focus now isdrilling out a potentially large resource in energy transition metalsat Nagvaak.
Asthe government’s projections show, “the global demand for critical minerals and the manufacturedproducts they go into is required to increase significantly in thecoming decades to enable the transition to a green and digitaleconomy.”
“Electrification is the reality,” Bahrey says. “We’rethe guys to play a role in that. We’re upstream from the miners andbattery makers, but we’re the ones to discover these criticalminerals, these important metals for the green technologies.”
Learn more aboutStrategX Elements Corp. on itswebsite as wellas:
This article was originally publishedon Benzinga here .
StrategXis a Canadian-based exploration company focused on discovering energytransition metals in northern Canada. The Company has a propertyportfolio of 5 stand-alone projects situated on the East Arm of theGreat Slave Lake, Northwest Territories and the Melville Peninsula,Nunavut. This first-mover advantage in underexplored regions presentsa unique opportunity for investors to be part of multiple discoveriesand the development of new districts for metals essential for thetransition to green energy. StrategX’s mission is to make asignificant contribution to the sustainable energy economy through itsexploration activities. Join StrategX as they lead the way toward agreener tomorrow.
All statements included in this articlethat address activities, events, or developments that the Companyexpects, believes, or anticipates will or may occur in the future areforward-looking statements. These forward-looking statements involvenumerous assumptions made by the Company based on its experience,perception of historical trends, current conditions, expected futuredevelopments and other factors it believes are appropriate in thecircumstances. In addition, these statements involve substantial knownand unknown risks and uncertainties that contribute to the possibilitythat the predictions, forecasts, projections, and otherforward-looking statements will prove inaccurate, certain of which arebeyond the Company’s control. Readers should not place unduereliance on forward-looking statements. Except as required by law, theCompany does not intend to revise or update these forward-lookingstatements after the date hereof or revise them to reflect theoccurrence of future unanticipated events.
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