Essex Minerals Inc. announced a private placement of up to 75 million common shares at a price of CAD 0.002 per common share for gross proceeds of CAD 150,000 on August 29, 2022. The transaction included participation from returning investors Robert Salna and Robert Wyllie, a director of the company, subscribing for a total principal amount of CAD 150,000. The transaction will be subject to a hold period of four months and a day from the closing date of the transaction.

Robert Salna owns 72,524,526 common shares representing 71.7% of the company and Robert Wyllie owns 3,120,000 common shares representing 3% of the company.