StrategX Elements Extends Private Placement Deadline

MT newswire2026/09/01 11:41

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07:41 AM EDT, 09/01/2026 (MT Newswires) -- StrategX Elements (STGX.CN) extended the deadline of its non-brokered private placement of units to raise up to C$900,000, to Sept. 30, it said in a statement late Monday. Proceeds will be used to advance exploration activities on the Melville Peninsula, located in Nunavut, Canada, and for general working capital needs, it said. Shares of the company closed down 2.8% to C$0.175 on Monday on the Canadian Securities Exchange.

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41