Stria Lithium Inc. Appoints New CEO and Announces Grant of Options

Rhea-AI Summary

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.

Positive

• Appointment of Dean Hanisch as CEO, expected to bring fresh perspectives.
• Hanisch's experience in successfully advising and selling mining companies.
• Issuance of stock options may incentivize performance and align interests.

Negative

• Transition in leadership may lead to uncertainties in continuity.
• Experience gap with the departure of interim CEO Jeff York.

OTTAWA, ON / ACCESSWIRE / March 9, 2022 / Stria Lithium Inc. (TSX-V:SRA) ("Stria" or the "Company") announced today the appointment of Dean Hanisch as CEO. Jeff York has stepped down as interim CEO.

Mr. Hanisch is a resourceful entrepreneur with a proven track record in incubating, advising, assisting and selling private and public companies in multiple industries. Mr. Hanisch has been involved in helping a variety of junior mining companies gain awareness in the marketplace while acting as a consultant. Mr. Hanisch most notably held the title of Business Development Strategic Advisor with Paramount Gold and Silver Corp., a US-based company formerly listed on both the NYSE American exchange and TSX, where he was instrumental in its formative stage helping consolidate the land position through brokering numerous deals with adjacent public companies. He was instrumental in the sale of Paramount to Coeur Mining, Inc. (NYSE) valued at US$146 Million in April 2015. Previously, Mr. Hanisch held a variety of positions as President in the IT industry where he was instrumental in building companies that were later purchased by public companies, most notably Titan Consulting Group that was acquired by Calian CTY (TSX).

Stria also announces the grant of 9,100,000 incentive stock options to its directors, officers, and consultants. The options are to purchase up to 9,100,000 common shares of the Company at an exercise price of $0.05 per share and expire on March 8, 2027.

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.

Stria Lithium Inc. Investor Contacts:

Kimberly Darlington
Communications, Stria Lithium Inc
kimberly@refinedsubstance.com

Judith Mazvihwa-MacLean
CFO
(613) 581-4040
jmazvihwa@strialithium.com

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 adequacy or accuracy of this release.

Forward-Looking Information

This news release may contain certain forward-looking information and statements. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

SOURCE: Stria Lithium, Inc.

View source version on accesswire.com:
https://www.accesswire.com/692232/Stria-Lithium-Inc-Appoints-New-CEO-and-Announces-Grant-of-Options

FAQ

Who is the new CEO of Stria Lithium as of March 2022?

Dean Hanisch has been appointed as the new CEO of Stria Lithium.

What experience does Dean Hanisch bring to Stria Lithium?

Dean Hanisch has a strong background in mining and business development, with a track record of assisting companies in gaining market awareness.

What stock options were granted by Stria Lithium?

Stria Lithium granted 9,100,000 stock options to directors and consultants at an exercise price of $0.05, expiring on March 8, 2027.

What was the reason for the leadership change at Stria Lithium?

Jeff York stepped down as interim CEO, paving the way for Dean Hanisch's permanent appointment to lead the company.

How might the new CEO impact Stria Lithium's future?

Dean Hanisch's extensive experience in mining may provide strategic growth opportunities for Stria Lithium.