Stria Lithium Announces New U.S. Quotation on OTCQB Venture Market under Symbol SRCAF Stria Lithium, Inc.
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RELEASE: IMMEDIATE
T
SX: SRA.V
Stria Lithium Announces New U.S. Quotation on OTCQB
Venture Market under Symbol SRCAF
Stria Lithium, Inc.
(TSX-V: SRA, OTC: SRCAF, and FRANKFURT: S35A)
Ottawa, ON, July 18, 2023 - Stria Lithium Inc. (TSXV: SRA) (“Stria Lithium”, the
“Company”) is pleased to announce that its common shares have been approved for quotation
on the OTCQB® Venture Market (the “OTCQB”) effective July 17. The Company’s U.S.
listing will be quoted under the symb ol SRCAF, whilst the Company’s primary Canadian
listing will continue to trade on the TSX Venture Exchange under the symbol SRA.
The OTCQB provides value and convenience to U.S. investors, brokers and institutions seeking
to trade the shares of the company.
Alongside this effort, the Company also expects to be eligible for electronic clearing and settlement
through the Depository Trust Company (“DTC”), which acts as a clearing house to settle trades in
the United States, which will further the liquidity of the Common Shares.
The OTCQB® Venture Market offers investors transparent trading in entrepreneurial and
development stage U.S. and international companies. To qualify for OTCQB, companies must meet
high financial and securities reporting standards, pass a bid test, and undergo annual verification. As
a verified market with access for U.S. investors, OTCQB helps companies build s hareholder value,
achieve liquidity and a fair valuation. It will also enable the Company to expand its awareness and
broaden its range of potential investors into the North American market.
Stria Lithium CFO, Judith Mazvihwa -MacLean commented: “We are ex cited for Stria Lithium to
trade on the OTCQB. This Exchange gives Stria Lithium access to the world’s largest investment
market, which will increase our shareholder base and trading activity in the U.S.”
About Stria Lithium
Stria Lithium (TSX-V: SRA) is an emerging resource exploration company developing Canadian lithium
reserves to meet legislated demand for electric vehicles and their rechargeable lithium-ion batteries.
Lithium is a rare metal and an indispensable component of rechargeable lithium-ion batteries, one of the safest
and most efficient energy storage technologies available today, used in everything from cell phones and power
tools to electric cars and industrial -scale energy storage for renewable power sources such as wind and solar
generation.
Stria’s Central Pontax Lithium Project covers 36 square kilometres, including 8 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.
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Stria has entered into a JV agreement with Cygnus Metals (ASX:CY5) on its Pontax Central project. Cygnus
Metals is committed to fully funding 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% interest in the property. Cygnus has fulfilled its stage 1 requirements within
the agreement and has now earned its 51% interest in the property as per above share issuance.
Stria’s other significant project, Pontax II covers 55 square kilometres, approximately 25 kilometres to the
west-south-west of Pontax Central and is located adjacent to the Billy-Diamond paved highway. Stria has
added to this project by recently acquiring 24 claims, for 1276.5 hectares that are strategically located
northeast of Stria’s Pontax II claims.
Stria Lithium previously reported highly anomalous tantalum oxide grain counts in till samples up to 797
grains, the highest count ever recorded by the laboratory. The Pontax II grain counts stand at the 97.6 centile
of the regional population with an average of 156 grains per sample as a comparative basis, a regional survey
in the same area conducted by the Ministère de l’Énergie et des Ressources Naturelles du Québec, processed
a total of 5950 tantalum oxide grains yielding an average count of 36 grains per samples. The conclusion
being the grain counts are suggestive of the proximity of lithium bearing pegmatites.
Pontax II claims are in highly active prospective zones, situated to the west southwest of Stria/Cygnus
lithium discovery and situated to the west of the Patriot Battery Metals (PMET.V) Pontax project, and south
of Brunswick Exploration (BRW.V).
Stria’s Pontax properties are both situated close to an industrial powerline and a major paved highway, about
310 km north of the North American rail network that leads to the industrial heartland.
As momentum builds for the green energy revolution and the shift to electric vehicles, governments in Canada
and the U.S. are aggressively supporting the North American lithium industry, presenting the industry and its
investors with a rare, if not unprece dented, 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 the James Bay
Cree Nation (Eeyouch), and engaging openly and respectfully as neighbours and collaborators in this exciting
project that has the potential to create lasting jobs and prosperity for Eeyou Istchee and its people.
For more information about Stria Lithium and the Pontax Lithium project, please visit
https://strialithium.com
Follow us on:
• Twitter @StriaLithium
• Instagram @strialithium
• Facebook http://www.facebook.com/strialithium
• LinkedIn http://www.linkedin.com/company/stria-lithium/
For more information on Stria Lithium Inc., please contact:
Dean Hanisch
CEO Stria Lithium
+1(613) 612-6060
Investors Relations, Stria Lithium Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this release.
Cautionary Note Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward -looking information”
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within the meaning of applicable securities law. Forward -looking information is frequently cha racterized by
words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar
words, or statements that certain events or conditions “may” or “will” occur. Although we believe that the
expectations reflected in the forward-looking information are reasonable, there can be no assurance that such
expectations will prove to be correct. We cannot guarantee future results, performance or achievements.
Consequently, there is no representation that the actual results achieved will be the same, in whole or in part,
as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements
are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events
or results to differ materially from those anticipated in the forward-looking information. Please refer to the risk
factors disclosed under our profile on SEDAR at www.sedar.com. Readers are ca utioned that this list of risk
factors should not be construed as exhaustive.
The forward -looking information contained in this news release is expressly qualified by this cautionary
statement. We undertake no duty to update any of the forward -looking inf ormation to conform such
information to actual results or to changes in our expectations except as otherwise required by applicable
securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.