Stria Lithium Welcomes Federal Funding for Critical Minerals Projects
Stria Lithium Welcomes Federal Funding for Critical Minerals Projects
OTTAWA, ONTARIO, June 22, 2022 - Stria Lithium Inc. (TSX.V:SRA) (“Stria” or the
“Company”) welcomes the recent announcement made by Natural Resources Canada calling for
proposals for the Critical Minerals Research, Development and Demonstration Program
(CMRDD). The program will provide $10.95 million in funding for pilot plants and projects to
support the development of critical mineral value chains as part of the $47.7 million initiative
announced in the recent federal budget for federal research and development to advance critical
battery mineral processing and refining expertise.
“We are encouraged by the support this program demonstrates for critical minerals exploration
companies like Stria,” said Dean Hanisch, President and CEO of Stria Lithium. “It’s a sign that
our federal government is making the need for lithium exploration and development a priority for
Canada, and is serious about supporting lithium and other critical minerals exploration
companies. These companies, including Stria, are in a very favourable jurisdiction, making
investment in them very attractive to local and foreign investors as we develop our Pontax
lithium property to become a North American source of lithium for the North American
manufacture of electric vehicle batteries and other clean renewable energy applications.”
About Stria Lithium Inc.
Stria Lithium is a Canadian junior mineral exploration 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 Statements
Except for statements of histor ical fact, this news release contains certain "forward-looking
information" within the meaning of applicable securities law. Forwar d-looking information is
frequently characterized by words such as "plan" , "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements th at 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 result s, performance or achieve ments. 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 opini ons and estimates of management at the date
the statements are made and are subject to a va riety of risks and uncerta inties and other factors
that could cause actual events or results to differ materially from those anticipated in the
forward-looking information. Pleas e 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 c ontained in this news release is expressly qualified by this
cautionary statement. We undertake no duty to upda te 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.
Neither the TSX Venture Exchange nor its Regu lation Services Provider (as that term is
defined in the policies of the TSX Venture Exch ange) accepts responsibility for the accuracy
of this release.
For more information on Stria Lithium Inc., please contact:
Kimberly Darlington
Communications, Stria Lithium Inc.
Judith T. Mazvihwa-MacLean
CFO, Stria Lithium Inc.
(613) 581-4040