Stria Lithium - SRCAF STOCK NEWS

Stria Lithium Inc. has announced an update regarding the proposed acquisition of the Romer Property from Braille Energy Systems Inc. Following the execution of a definitive agreement on April 6, 2022, the closing of this transaction is contingent upon various conditions, including approval from Braille's disinterested shareholders and final approval from the TSXV. Stria Lithium focuses on mineral exploration and is notably involved in the Pontax spodumene lithium project, pivotal in the lithium supply for electric vehicles and energy storage solutions.

Stria Lithium Inc. has provided an update regarding the proposed purchase of the Romer Property from Braille Energy Systems Inc. The company received conditional approval from the TSX Venture Exchange on March 17, 2022, pending the delivery of an independent Geological Report and a final executed acquisition agreement. Braille must also obtain disinterested shareholder approval at their meeting scheduled for May 19, 2022. IOS Services Géoscientifiques has been engaged for the geological report as both companies work towards finalizing the definitive agreement.

Stria Lithium Inc. announced a proposed share consolidation at its annual shareholder meeting on April 19, 2022. The plan includes consolidating ten pre-consolidation common shares into one post-consolidation share, reducing the total from 162,110,369 to approximately 16,211,036 shares. This consolidation is designed to affect all shareholders uniformly, preserving their voting rights and percentage interests, though it may round fractional shares. Shareholder and TSXV approval is required, and the consolidation date will be revealed after approvals.

Stria Lithium Inc. has appointed Dean Hanisch as CEO, succeeding Jeff York, who served as interim CEO. Hanisch brings extensive experience from various industries and has successfully aided junior mining ventures. His previous notable role was with Paramount Gold and Silver Corp., enhancing company visibility and leading to a $146 million sale to Coeur Mining. Stria also announced the issuance of 9,100,000 stock options at an exercise price of $0.05, expiring March 8, 2027. The company is focused on lithium mining, crucial for electric vehicle batteries and energy storage.

Stria Lithium Inc. (TSX-V:SRA) announced its intention to acquire the Romer Polymetallic property from Braille Energy Systems Inc. for a total consideration of $125,000 in cash, 7.5 million shares at $0.05 each, and a 1% net smelter royalty. The property spans 2,592.1 hectares in Nunavik and is an early-stage exploration site for base and precious metals. The deal awaits standard conditions and regulatory approvals. Notably, the acquisition is categorized as a non-arm's length transaction.

Stria Lithium Inc. (OTCQX:SRCAF) has provided an update on its recent activities, focusing on the positive results from its Q1-2020 drilling at the Pontax Lithium Property in Northern Québec. Notably, the drilling confirmed that the spodumene dyke swarm is open at depth, with significant mineralization observed in 10 of the 11 drill holes. Highlights include 11.27 m grading 0.91% Li₂O and plans for further exploration. Additionally, Stria executed a debt settlement by issuing 14.53 million shares at $0.05 each, increasing a director's stake in the company to 17.59%.

Stria Lithium Inc. (TSXV:SRA)(OTCQX:SRCAF) reports results from the final five drill holes of its Q1-2020 drilling program at the Pontax Lithium Property in Northern Québec. Four of the five holes intersected spodumene-bearing pegmatite dykes, with the best intersection grading 1.28% Li2O over 3.89 m in hole 975-19-022. The spodumene dyke swarm extends over 600 m in strike length and 100 m in depth, remaining open to the northeast. Additionally, the company announced a debt settlement converting $726,500 in debt into 14,530,000 common shares at $0.05 per share, affecting ownership control.

Stria Lithium Inc. (TSXV:SRA) announced the termination of its Change of Business Transaction as of December 8, 2021. The company received a $750,000 unsecured loan from JJJY Holdings, which is payable on March 26, 2022, and included a lender fee of $125,000. Additionally, the company entered an investor relations agreement costing $3,500 monthly. Stria Lithium holds a 100% interest in the Pontax spodumene lithium project in Northern Québec, critical for lithium-ion batteries used in electric vehicles.

Stria Lithium Inc. has terminated its letter of intent with Grafoid Inc. regarding a Change of Business transaction to license Grafoid's water purification assets. The decision follows an inability to complete due diligence due to external factors and Grafoid's incomplete financial audits. Stria's management believes this termination is in the best interest of shareholders, especially after positive drill results from the Pontax Project. Stria plans to resume trading under its symbol SRA after a prior halt.