Stria Lithium Announces the Close of Its Non- Brokered Private Placement Raising $1,000,000
Stria Lithium Announces the Close of Its Non-
Brokered Private Placement Raising
$1,000,000
Ottawa, Ontario--(Newsfile Corp. - February 26, 2026) -
Stria Lithium Inc. (TSXV: SRA)
("
Stria
" or
the "
Company
") announced today the closing of its non-brokered private placement (the " Offering ")
previously announced on February 13, 2026 and February 25, 2026, and raised $1,000,000 gross
proceeds. The Company issued 2,127,659 Units at a price of $0.47 per Unit. Each Unit is composed of
one common share of the Company and one common share purchase warrant (the "Warrant"). Each
Warrant entitles the holder thereof to acquire one common share of the Company at a price of $0.59 per
share for a period of 36 months following the closing of the private placement, 26 February 2029.
The proceeds of the Financing will be used for advancement of the Company's mineral exploration
assets and operations, potential future acquisitions, and general working capital purposes. No finder
fees were paid in relation to the private placement and no insiders participated in the equity financing.
All securities issued pursuant to the Financing will be subject to a statutory hold period of four months
and one day from the date of issuance in accordance with applicable securities laws and TSXV policies.
About Stria Lithium
Stria Lithium (TSXV: 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 km 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 of 10.1Mt at 1.04% Li2O based on the central area of the known mineralisation.
This JORC estimate establishes Pontax Central as a significant 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 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 United States are aggressively supporting the North American lithium industry,
presenting the industry and its investors with a rare 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 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 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
http://www.facebook.com/strialithium
http://www.linkedin.com/company/stria-lithium/
For more information on Stria Lithium Inc., please contact:
Dean Hanisch
CEO, Stria Lithium
Investor 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 management believes that the expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will prove to be correct. The Company
cannot guarantee future results, performance or achievements. Consequently, there is no
representation that 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 the Company's profile on SEDAR+ at
www.sedarplus.ca
. 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. The Company undertakes no duty to update any forward-looking information
except as required by applicable securities legislation. Readers are cautioned not to place undue
reliance on forward-looking information.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/285491