Stria Lithium Announces Property Acquisition
Stria Lithium Announces Property Acquisition
Ottawa, ON – March 4, 2022 – Stria Lithium Inc. (TSXV:SRA) (“ Stria”) announces that is has
entered into a letter of intent (the “ Letter”) to purchase the Romer Polymetallic property which
consists of 57 contiguous and two isolated map-designated mini ng claims (total surface area:
2,592.1 ha or 26 km2 (the “Property) from Braille Energy Systems Inc. (“Braille”).
The Property is located in the Labrador Trough s ector of Nunavik, the northern division of the
Nord-du-Québec administrative region. The Property straddles the junction between NTS
1:50,000-scale topographic sheets 24K-03 (Lac Géridot) and 24K-04 (Lac Thévenet), and covers
portions of unpatented townships 5051, 5052 and 5151. It is bound by latitudes 58°06'30" and
58°12'30" North and longitudes 69°29'00" and 69°38' 00" West. The Property is an early-stage
exploration project located in the Labrador Trough which is considered a potential emerging region
of Québec for base (Cu-Zn-Ni) and precious (Au-PGE) metal mineralization.
Consideration for the Property is anticipated to be: (i) cash in the amount of $125,000; (ii)
7,500,000 common shares of Stria issued at a deem ed price of $0.05 per share; and (iii) a net
smelter royalty of 1% (“NSR”). Stria will have the option (the "Partial NSR Buyout Option") to
purchase 50% of the NSR such that the NSR is reduced from 1.0% to 0.5%. The Partial NSR
Buyout Option may be exercised at any time by Stria for consideration of $500,000 payable in
cash or stock or a combination thereof at Stria’s discretion.
The proposed acquisition of the Property remains subject to standard closing conditions, including
a satisfactory title review by Stria, the execution of the property acquisition agreement, and TSX
Venture Exchange (the “Exchange”) approval.
Braille holds an 89.95% equity interest in Braille Holdings Inc., which holds a 100% equity interest
in Braille Battery Inc. Braille Battery is an established battery-manufacturing and energy storage
company supplying batteries to the professional motor sports industry and the pioneer of a
complete line of lightweight high powered battery systems for the transportation market. Prior to
its acquisition of Braille Holdings through a reve rse takeover transacti on, Braille was a junior
mining issuer listed on the TSXV. The Property is its sole mining asset.
The proposed acquisition of the Property is c onsidered a non-arm’s le ngth party transaction
pursuant to the policies of the Exchange as certain directors and officers act for both Stria and
Braille. Both Stria and Braille will seek the requisite Exchange approvals in order to complete the
proposed transaction. No new control person will be created on closing of the proposed transaction,
non-arm’s length parties will not receive more than 10% of th e issued and outstanding shares of
Stria as consideration for the Property, and the Pr operty does not represent a sale of more than
50% of Braille’s assets, business, or undertaking. No fi nders fee is payable by either party with
respect to the transactions described herein.
About Braille Energy Systems Inc.
Braille Energy Systems Inc. holds an 89.95% equity interest in Braille Holdings Inc., which holds
a 100% equity interest in Bra ille Battery Inc. Braille Battery is an established battery-
manufacturing and energy storage company supplyi ng batteries to the professional motor sports
industry and the pioneer of a complete line of lightweight high powered battery systems for the
transportation market. Braille Energy Systems (B ESI) will expand its market penetration into a
wider range of market segments that require lightweight, high-performing energy solutions, using
the most scientifically advanced materials.
For additional information about BESI and Bra ille Battery products, pleas e visit our website at:
www.brailleenergysystemsinc.com or www.braillebattery.com.
About Stria Lithium Inc.
Stria Lithium is a Canadian junior mineral expl oration company with an expanding technology
focus and has a 100% interest in the Pontax spodumene lithium project in Northern Québec.
Lithium is a critical metal in the universal fight against global warming. It is a core component of
Lithium-ion batteries used for powering electric vehicles and for industrial scale energy storage.
For more information about Stria Lithium a nd the Pontax Lithium project, please visit
http://strialithium.com.
Forward-Looking Statement
This News Release contains "f orward-looking information" with in the meaning of Canadian
securities legislation. All information contained herein that is not clearly historical in nature may
constitute forward-looking info rmation. Generally, such forwar d-looking information can be
identified by the use of forward-looking termi nology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes" , or variations of su ch words and phrases or state that certain
actions, events or results "may", "could", "woul d", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activit y, performance or achievements of
the Company to be materially different from those expressed or implied by such forward-looking
information, including but not limited to: (i) volatil e stock price; (ii) the general global markets
and economic conditions; (iii) th e possibility of write-downs a nd impairments; (iv) the risk
associated with exploration, de velopment and operations of mi neral deposits; (v) the risk
associated with establishing title to mineral prope rties and assets; (vi) th e risks associated with
entering into joint ventures; (vii) fluctuations in commodity prices; (viii) the risks associated with
uninsurable risks arisin g during the course of exploration, development and production; (ix)
competition faced by the Company in securing experienced personnel and financing; (x) access to
adequate infrastructure to support mining, processing, development and exploration activities; (xi)
the risks associated with changes in the mini ng regulatory regime governing the Company; (xii)
the risks associated with the various environmenta l regulations the Company is subject to; (xiii)
risks related to regulatory and permitting delays; (xiv) risks related to potential conflicts of interest;
(xv) the reliance on key personnel; ( xvi) liquidity risks; and (xvii) the risk of potential dilution
through the issue of common shar es. Forward-looking informatio n is based on assumptions
management believes to be re asonable at the time such statem ents are made, including but not
limited to, continued exploration activities, no material adverse change in metal prices, exploration
and development plans proceeding in accordance with plans and such plans achieving their stated
expected outcomes, receipt of required regulatory approvals, a nd such other assumptions and
factors as set out herein. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in the forward-looking
information, there may be other f actors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such forward-looking informati on will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
forward-looking information. Su ch forward-looking in formation has been provided for the
purpose of assisting investors in understand ing the Company's business, operations and
exploration plans and may not be appropriate for other purposes. Accordingly, readers should not
place undue reliance on forward-looking information. Forward-looking information is made as of
the date of this News Releas e, and the Company does not unde rtake to update such forward-
looking information except in accordance with applicable securities laws.
Neither the 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 of this release.
For more information on Stria Lithium Inc., please contact:
Kimberly Darlington
Communications, Stria Lithium Inc.
514-771-3398
Judith T. Mazvihwa-MacLean
CFO, Stria Lithium Inc.
613 581- 4040