Call for Vanadium deposit exploration to bring down supply-demand curve

August 26, 2022

While the need for Vanadium intensifies over the years, as seen in the 45% increase in its demand in 2020, the shortage in its known deposits gatekeeps the supply chain into fully utilizing its promising properties in defense and steelmaking, aerospace, nuclear power, and potential long term energy storage for grid-scale electricity. Only three countries, namely South Africa, China, and Russia, have control in the supply chain of this metal, making Vanadium be classified as a critical strategic metal on the rest of the world since its lack of availability during a national emergency would affect the economic and defensive capabilities of the countries.

This status quo calls for the exploration of new Vanadium mines that can be sources of vanadium pentoxide and ferrovanadium. With this, as one of the main drivers of the StrategX Elements Corporation, its projects will help reduce the supply and demand curve to such an extent that the price of the metals is attractive for both producers and consumers while ensuring that its supply suffices the global demand of the emerging green technology industry.

Reference:

“Vanadium: The Metal We Can’t Do Without and Don’t Produce”. 2022. MINING.COM. (https://bit.ly/3sQCjh1)

About StrategX

StrategX is a Canadian-based exploration company focused on discovering energy transition metals in northern Canada. With five strategic projects situated on the East Arm of the Great Slave Lake, Northwest Territories, and the Melville Peninsula, Nunavut, we’re leading discovery in untapped regions. This first-mover advantage in underexplored regions presents a unique opportunity for investors to be part of multiple discoveries and the development of new districts for critical metals essential for the global green energy shift. For updates and the latest insights, explore our Investor Portal.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available.

On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director

For further information, please contact:

StrategX Elements Corp.
Email: info@strategXcorp.com
Phone: 778.231.2767

For further information about the Company, please visit our website at www.strategXcorp.com

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

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