Stria Lithium Provides Update on Proposed Purchase of Romer Property
Stria Lithium Provides Update on Proposed Purchase of Romer Property
OTTAWA, ONTARIO, April 7, 2022 - Stria Lithium Inc. ( TSX-V:SRA) ( “Stria” or the
“Company”) is pleased to provide an update to the proposed purchase of the Romer
Property (the “ Property”) from Braille Energy Systems Inc. (“ Braille”) previously
announced in news releases dated March 4, 2022 and April 5, 2022 (the “Proposed
Transaction”).
Stria executed the definitive acquisition agreement with Braille on April 6, 2022 . Terms
of the executed agreement may be found in the news releases dated March 4 and April
5, 2022.
Closing of the Proposed Transaction is subject to a number of conditions including
approval of the dis interested shareholders of Braille and final approval of the TSXV.
Please see the news releases of March 4 and April 5, 2022 for further information.
About Braille Energy Systems Inc.
Braille Energy Systems Inc. holds an 89.95% equity interest in Braille H oldings 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. Braille Energy Systems
(BESI) will expand its market penetration into a wider range of market segments that
require lightweight, high -performing energy solutions, using the most scient ifically
advanced materials.
For additional information about BESI and Braille Battery products, please visit our
website at: www.brailleenergysystemsinc.com or www.braillebattery.com.
About Stria Lithium Inc.
Stria Lithium is a Canadian junior mineral exp loration 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 and the Pontax Lithium project, please visit
http://strialithium.com.
Forward-Looking Statement
This News Release contains "forward-looking information" within the meaning of
Canadian securities legislation. All information contained herein that is not clearly
historical in nature may constitute forward -looking information. Generally, such forward -
looking information can be id entified by the use of forward -looking terminology 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 such word s and phrases or state that certain actions, events or results
"may", "could", "would", "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 activity, performance or achievements
of the Company to be materially different from those expressed or implied by such
forward-looking information. Forward -looking information is based on assumptions
management believes to be reasonable at the time such statements are made,
including but not limited to, receipt of required regulatory approvals, and such other
assumptions and factors as set out herein. Although the Company has attempted to
identify important factors that could c ause actual results to differ materially from those
contained in the forward -looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that
such forward-looking information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such forward -looking information.
Such forward -looking information has been provided for the purpose of assisting
investors in understanding t he Company's business and operations 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 Release, and the Compan y does not undertake 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 Braille Energy Systems Inc., please contact:
Kimberly Darlington
Communications, Stria Lithium Inc.
514-771-3398
Judith T. Mazvihwa-MacLean
CFO, Stria Lithium Inc.
613 581 4040