Stria Lithium Provides Update on Proposed Purchase of Romer Property
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.
- Successful execution of a definitive acquisition agreement with Braille Energy Systems.
- Acquisition aligns with Stria's strategic expansion in the lithium sector.
- Closing of the transaction is subject to multiple approval conditions, which may delay integration.
- Uncertainty regarding shareholder approvals could pose risks to the successful completion of the acquisition.
OTTAWA, ON / ACCESSWIRE / 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 disinterested 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
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 exploration company with an expanding technology focus and has a
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 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 of such words 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 cause 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 the 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 Company 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.
kimberly@refinedsubstance.com
514-771-3398
Judith T. Mazvihwa-MacLean
CFO, Stria Lithium Inc.
Jmazvihwa@grafoid.com
613 581 4040
SOURCE: Stria Lithium, Inc.
View source version on accesswire.com:
https://www.accesswire.com/696628/Stria-Lithium-Provides-Update-on-Proposed-Purchase-of-Romer-Property
FAQ
What is the latest update on Stria Lithium's acquisition of the Romer Property?
When was the acquisition agreement for the Romer Property executed?
What conditions must be met for the acquisition of the Romer Property to close?
What is Stria Lithium's focus in the mineral exploration sector?
