In Elemental\data\English you'll find a file names english.str (str means "string")
Copy english.str in Elemental\Mods\data\English\ (you'll have to manually create the data and english folders)
Then edit english.str that lies in your mod folder.
Don't forget to enable mods in the game 
Enjoy !
PS: it's a good thing to always work on copy of original files and put the copies in the mods folder with the same path as in the game root directory.