20:20:30 EDT Mon 29 Apr 2024
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Stria Lithium Inc (2)
Symbol SRA
Shares Issued 25,921,036
Close 2023-12-11 C$ 0.135
Market Cap C$ 3,499,340
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Stria Lithium appoints Segerstrom as director

2023-12-12 11:20 ET - News Release

Mr. Jeff York reports

STRIA LITHIUM INC. ANNOUNCES APPOINTMENT OF NEW DIRECTOR

Stria Lithium Inc. has appointed Larry Segerstrom as a new director of the company.

Mr. Segerstrom is a bilingual senior mining professional with more than 37 years of exploration, operations and business experience.

His past management positions include chief operating officer of Paramount Gold and Silver Corp. in Mexico, and manager of geology of the Grasberg mining district for Freeport-McMoRan in Indonesia.

Mr. Segerstrom has been involved in several discoveries, including leading the teams that discovered and developed new resources of more than 750,000 ounces of gold and 60 million ounces of silver with Paramount Gold and Silver, and new ore reserves totalling 3.4 billion pounds of copper and 3.6 million ounces of gold with Freeport.

Mr. Segerstrom stated: "I have been watching the ecosystem being developed between federal, provincial and battery technology companies in Quebec and the energy independence it will bring to North America for our future. I look forward to working in Quebec as it is one of world's most mining-friendly jurisdictions. I have worked with management in the past in a successful venture and therefore look forward to assisting them in executing their strategy of unearthing early-stage lithium projects and partnering with skilled exploration and operational companies."

He holds an MSc in economic geology from the University of Arizona, an MBA in global management and is a qualified person under Canadian National Instrument 43-101.

Jeff York, chairman of Stria Lithium, said today: "Stria continues to expand and grow its portfolio of lithium projects within Quebec as part of its overall strategy. We hope to replicate the model achieved at Pontax Central and to this end we needed to increase our geological expertise at a senior level. Mr. Segerstrom has had decades of experience reviewing and exploring projects and will be instrumental in us assessing properties going forward. Mr. Segerstrom will be a valued board member that will assist our culture of good governance and operational excellence in addition to his unique skills in discovering and developing resources."

Mr. Segerstrom will be replacing Harry Martyniuk who has stepped down from the board to continue with his many successful business operations. Mr. Martyniuk's resignation is effective as of Dec. 12, 2023.

"On behalf of the board and the whole team at Stria Lithium, I would like to thank Mr. Martyniuk for his service and contributions over the past three years and wish him continued success in his business ventures," said Mr. York, chairman of the board of directors of Stria Lithium.

About Stria Lithium Inc.

Stria Lithium is an emerging resource exploration company developing Canadian lithium reserves to meet legislated demand for electric vehicles and their rechargeable lithium-ion batteries.

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