03:49:43 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Stria Lithium Inc (2)
Symbol SRA
Shares Issued 25,921,036
Close 2025-03-10 C$ 0.10
Market Cap C$ 2,592,104
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Stria Lithium closes $650,000 private placement

2025-03-10 18:02 ET - News Release

Mr. Dean Hanisch reports

STRIA LITHIUM INC. ANNOUNCES THE CLOSING OF ITS NON-BROKERED PRIVATE PLACEMENT

Stria Lithium Inc. today closed its non-brokered private placement for gross proceeds of up to $650,000. The company issued 13,488,000 common shares at a price of five cents per common share.

The company paid a finder's fee of $31,470 and the common shares will have a hold period of four months and one day until July 8, 2025.

The net proceeds of this financing will be used for the company's working capital and to finance the generation and evaluation of new mineral opportunities.

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. The company is committed to growth through responsible and efficient exploration and development of its mining assets.

Stria's Central Pontax lithium project covers 36 square kilometres, including eight kilometres of strike along the prospective Chambois greenstone belt. The region, known as the Canadian Lithium Triangle, is one of only a few known sources of lithium available for hard-rock mining in North America. Stria's Pontax Central project joint venture with Cygnus Metals now has a maiden JORC-compliant (Joint Ore Reserves Committee) inferred mineral resource estimate (MRE) of 10.1 million tonnes at 1.04 per cent Li2O (lithium oxide) based on the central area of the known mineralization.

This JORC estimate establishes Pontax Central as a significant occurrence in the emerging James Bay lithium region. Cygnus Metals, being an Australian Securities Exchange issuer, adhered to Australian JORC Code 2012 guidelines, meaning that such mineral resource estimate is not necessarily compliant with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) and National Instrument NI 43-101 standards and the company is not considering them as such at this time.

Cygnus Metals is committed to fully financing and managing the current two-stage exploration and drilling program to a maximum of $10-million at Stria's Pontax property and will also pay Stria up to $6-million in cash. In return, Cygnus may acquire up to a 70-per-cent interest in the property. Cygnus has fulfilled its Stage 1 requirements within the agreement and has now earned its 51-per-cent interest in the property.

As momentum builds for the green energy revolution and the shift to electric vehicles, governments in Canada and the United States are aggressively supporting the North American lithium industry, presenting the industry and its investors with a rare, if not unprecedented, opportunity for growth and prosperity well into the next decade and beyond.

Stria is committed to exceeding the industry's environmental, social and governance standards. A critical part of that commitment is forging meaningful, enduring and mutually beneficial relationships with local communities and stakeholders and engaging openly and respectfully as neighbours and collaborators in this exciting project, which has the potential to create lasting jobs and prosperity.

The scientific and technical content disclosed herein was reviewed and approved by Rejean Girard, PGeo, president of IOS Services Geoscientifiques Inc., a qualified person as defined under NI 43-101, Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.

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