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A greener future is digital and electric, which requires electricity storage and batteries.
Since the current battery and other green energy technology require certain metals and minerals, there is a global race to source elements such as cobalt, nickel, graphite, and copper.
Such is the demand that the Canadian government identified 32 critical minerals crucial to a green energy transition, saying in its strategy document: “Critical minerals represent a generational opportunity for Canada’s workers, economy and net-zero future... Simply put, there is no energy transition without critical minerals.”
As well, the
Promising Results For Critical Minerals In Canada's North
A
“The future of Nagvaak is based on us completing more drilling to determine the potential at depth,” says
A historical drill core left behind by the company BHP returned, after his company’s testing, 58 metres of 2.63% copper equivalent, he says. StrategX recently announced additional core assay results also suggest the potential mineralized area is over two kilometres long.
“It shows that Nagvaak is a big mineral system at the surface with good grades, and it’s there waiting,” he says. “The next step is drilling…. We believe we’ve got a potentially large resource to define in these energy transition metals.”
“We’re very fortunate to be in this position to be able to unlock this potential… This area has a basket of these important metals just waiting to be discovered.”
Research, Demand and Experience are StrategX's Backbone
StrategX’s exploration, led by
The North is considered an under-explored and unrecognized frontier and one of the few places on the planet to discover energy transition metals, Bahrey says, noting cobalt — which the
All of this shows
He said mineral exploration is “a highly speculative space” in which to invest but, in that realm, FRC believes StrategX shows potential based on its findings to date, the locations it’s exploring and the metals it’s targeting.
Furthermore, Rajeev emphasizes the critical role of the team and highlights Bahrey's wealth of experience as a geologist, including his background with Placer Dome. He also notes that StrategX management has skin in the game as owners of large quantities of stocks. (Bahrey says he holds more than 15 percent while family and friends own double that.)
The CEO acknowledges the company is “not a market play but a long-term play” and says, “for me, it’s all about the goods first — have the assets first and show something. Let the market rock and roll after that.”
Getting those assets is key, and the focus now is drilling out a potentially large resource in energy transition metals at Nagvaak.
As the government’s projections show, “the global demand for critical minerals and the manufactured products they go into is required to increase significantly in the coming decades to enable the transition to a green and digital economy.”
“Electrification is the reality,” Bahrey says. “We’re the guys to play a role in that. We’re upstream from the miners and battery makers, but we’re the ones to discover these critical minerals, these important metals for the green technologies.”
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This article was originally published on Benzingahere.
StrategX is a Canadian-based exploration company focused on discovering energy transition metals in northern
All statements included in this article 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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