Stria Provides Update on Change of Business Transaction & Announces Board Appointment
Stria Provides Update on Change of Business
Transaction & Announces Board Appointment
Ottawa, Ontario--(Newsfile Corp. - July 22, 2026) -
Stria Lithium Inc. (TSXV: SRA)
("
Stria
" or the
"
Company
") is pleased to provide an update regarding the proposed acquisition of a net smelter return
(NSR) royalty of up to 2% on the advanced West Australian Mt Henry Gold Project (the "
Acquisition
")
pursuant to an investment agreement (the "
Investment Agreement
") with Alicanto Minerals Ltd.
("
Alicanto
") (ASX: AQI). This Agreement, which was initially announced in the Company's news release
dated April 8, 2026, led to Stria's proposed change of business from a mining exploration company to
an investment issuer. The parties have recently amended the Investment Agreement and have agreed to
an extension expiring on July 28, 2026 (the "
End Date
") to complete the Acquisition.
Shortly following the execution of the Investment Agreement, Stria paid to Alicanto a non-refundable
deposit of A$1,000,000 (CAD$978,700) (the "
Deposit
") to be applied to the A$5,000,000 cash
consideration of the royalty on closing. The Deposit was requested by Alicanto and deemed necessary
for Stria in order to secure this cornerstone investment of its proposed change of business strategy. The
investment Agreement and the Deposit were made in anticipation of a change of business under Policy
5.2 without the prior approval of the TSXV and as such, remain subject to the TSXV approval.
On 18 May 2026, Alicanto released on the ASX (ASX: AQI) strong assays from its first drilling program
at the Mt Henry Gold Project in Norseman, Western Australia. This drilling intersected thick sulphide-
bearing BIF mineralization outside the current Resource footprint, extending known mineralization at both
the Mt Henry and Selene deposits within the Mt Henry Gold Project (source:
ASX Announcements -
Alicanto Minerals
and also refer to Stria's news release dated April 8, 2026 for details of the historical
measured and indicated resource on the project).
The Acquisition remains subject to several conditions, including obtaining all necessary regulatory and
corporate approvals, including that of the TSX Venture Exchange (the "
Exchange
"), the filing on
SEDAR+ under Stria's issuer profile (
www.sedarplus.ca
) of a listing statement supporting Stria's change
of business (the "
Filing Statement
") and a technical report compliant with National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
on the Mt Henry Gold Project, among other customary
closing conditions. The Acquisition will require shareholder approval under the policies of the Exchange,
which the Company anticipates receiving by way of written resolution of its shareholders.
These
conditions are all expected to be completed in the coming weeks and the company expects to return to
trading shortly thereafter.
Stria continues to advance the various components required under Exchange Policy 5.2 - Changes of
Business and Reverse Takeovers. Work related to the Acquisition, including technical reporting,
preparation of the Filing Statement and assembly of required regulatory filings, is progressing and Stria
confirms having filed with the Exchange a listing application in connection with its proposed change of
business along with a draft Filing Statement and technical report for review and comment.
The parties remain committed to moving the Acquisition forward in order to complete the transaction
before the End date, and will provide further updates as appropriate. Additional details of the
Acquisition, as contemplated in the Investment Agreement between Stria and Alicanto, may be found in
the Company's news release dated April 8, 2026.
Name Change
In connection with the Company's change of business and concurrently with the completion of the
Acquisition, the Company plans to change its name to "Arc Mineral Royalties Ltd."
On June 9, 2026,
Stria held an annual and special meeting of shareholders and, notably, successfully obtained
shareholder approval in connection with the proposed change of name of the Company.
Investment Policy
In connection with the Company change of business, the Board of Directors will adopt and implement an
investment policy (the "
Policy
") that will guide the Company's transition to a mining royalty and
streaming business. The Policy will be focused on generating attractive risk-adjusted returns through the
acquisition of royalties, streams and other investment interests, primarily in the precious metals sector,
while preserving capital through portfolio diversification.
The Company's initial focus will be on gold and other precious metals, with a strategy of building a
diversified portfolio of royalty and streaming assets across the natural resources sector. Investments
may include royalties, streams, equity, debt, joint venture interests and other investment structures, with
opportunities evaluated on their risk-reward profile and long-term value creation potential.
The Company intends to reinvest cash flow and investment returns to support the continued growth of its
portfolio and does not currently anticipate paying dividends during its early stages of development. The
overarching objective is to establish a scalable, diversified portfolio of royalty and streaming assets that
provides shareholders with exposure to precious metals and long-term value creation.
Board Appointment
The Company is pleased to announce the appointment of Mr. Louis Doyle as independent director of
Stria.
Mr. Doyle has over 30 years of experience focused primarily on capital markets and public
companies. Between January 2016 and December 2022, Mr. Doyle was the Executive Director of
Québec Bourse, an association regrouping key actors in the financial market with the objectives of
promoting and
increasing access to the capital market.
Since 2016, he has also provided consulting
services to private companies seeking listing on Canadian exchanges. Between October 1999 and
December 2015, he was the Vice-President, Montréal of the TSX Venture Exchange. As such, he was
responsible for business development and listing activities in the provinces of Québec and Atlantic
Canada. During his tenure, he acted as chairman of TSX Venture Listing Committee and was a member
of the Policy Committee. Mr. Doyle also led the nationwide TSX Venture Mentorship program. He also
holds directorship roles with four publicly traded companies (Val D'Or Mining Corporation (Lead Director
and Chair of the Audit Committee), Prismo Metals Inc. (Lead Director and Chair of the Audit
Committee), Albatros Acquisition Corporation and Ni-CO Energy Inc.).
Qualified Person
The technical information contained in this news release has been reviewed and approved by Brian
Wolfe, B. Sc., MAIG, Principal Consultant Geologist and an independent Qualified Person for the
purposes of NI 43-101. Brian Wolfe is a consultant to Stria.
For more information about Stria Lithium, please visit
https://strialithium.com
Dean Hanisch
CEO Stria Lithium
+1(613) 612-6060
Media
Paul Armstrong
ReadCorporate
+61 8 9388 1474
Investors Relations, Stria Lithium Inc.
Neither Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Completion of the Acquisition is subject to a number of conditions, including but not limited to,
Exchange acceptance and shareholder approval. Where applicable, the Acquisition cannot close
until the required shareholder approval is obtained. There can be no assurance that the Acquisition
will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing
statement to be prepared in connection with the Acquisition, any information released or received with
respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in
the securities of Stria should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the Acquisition and has
neither approved nor disapproved the contents of this press release.
Cautionary Note Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Generally, forward-looking information can be identified 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 (including negative and grammatical variations) of such words and phrases or state that
certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved".
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.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. 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
Forward-looking information in this press release may include, without limitation, statements relating
to: the completion of the Acquisition and the timing thereof, the proposed business of Stria following
the Acquisition, the implementation of the Investment Policy and the Company's intention under such
policy, the completion and receipt by Stria of shareholder and regulatory approvals.
These statements are based upon assumptions that are subject to significant risks and uncertainties,
including risks regarding the mining industry, commodity prices, market conditions, general economic
factors, the ability of the parties to successfully complete the Acquisition, management's ability to
manage and to operate the business, and the equity markets generally. Because of these risks and
uncertainties, the actual results, expectations, achievements or performance of Stria may differ
materially from those anticipated and indicated by forward-looking information.
Although Stria believes that the expectations reflected in forward-looking information are reasonable,
they can give no assurances that the expectations of any forward-looking information will prove to be
correct. Except as required by law, Stria disclaims any intention and assumes no obligation to update
or revise any forward-looking information to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in factors affecting such forward-looking
information or otherwise, except as expressly required by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/306114