Stria Lithium Inc. Announces the Closing of its Non-brokered Private Placement Stria Lithium, Inc.
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RELEASE: IMMEDIATE
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SX: SRA.V
Stria Lithium Inc. Announces the Closing of its Non-brokered Private Placement
Stria Lithium, Inc.
(TSX-V: SRA, OTC: SRCAF, and FRANKFURT: S35A)
Ottawa, ON – March 10, 2025 - Stria Lithium Inc. (TSXV:SRA) (“Stria” or the “Company”) announced
today the closing of its non-brokered private placement (the "Offering") for gross proceeds of up to $650,000.
The Company issued 13,488,000 common shares at a price of $0.05 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 fund the generation
and evaluation of new mineral opportunities.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such jurisdiction.
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. 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 8 k m 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 inferred mineral resource estimate (MRE) of 10.1Mt at 1.04% Li2O based on the central
area of the known mineralisation.
This JORC estimate establishes Pontax Central as a s ignificant occurrence in the emerging James Bay lithium region.
Cygnus Metals, being an ASX issuer, adhered to Australian JORC Code 2012 guidelines, meaning that such mineral
resource estimate is not necessarily compliant with CIM 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 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 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 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 stake -
holders, and engaging openly and respectfully as neighbours and collaborators in this exciting project that has the potential
to create lasting jobs and prosperity.
The scientific and technical content disclosed herein was reviewed and approved by Réjean Girard, P.Geo and president of
IOS Services Geoscientifiques Inc, a qualified person as defined under National Instrument 43-101 Standards of Disclosure
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for Mineral Projects.
Reference:
• JORC Mineral Resource Estimate of Pontax Project, James Bay Quebec, Brian Wolfe; Duncan Grieve, August
14, 2023.
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” within the
meaning of applicable securities law. Forward-looking information is frequently characterized 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 cautioned 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 information 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.