Stria Completes Change of Business Transaction, Concurrent Offering and Changes Name to Arc Mineral Royalties Ltd.

Stria Lithium Inc. has completed a Change of Business (COB) transaction, effectively becoming Arc Mineral Royalties Ltd. through the acquisition of a net smelter return (NSR) royalty on the Mt Henry Gold Project from Sinclair Gold Ltd. Concurrently, the Company completed a non-brokered private placement raising gross proceeds of $12 million, issuing 16 million common shares at $0.75 per share. The transaction involves a name change to Arc Mineral Royalties Ltd., a ticker change to "ARO", and the appointment of new management, including CEO Adam Davidson.

The Company has changed its name to "Arc Mineral Royalties Ltd." and its trading symbol to "ARO". The transaction constitutes a Change of Business (COB) under TSXV Policy 5.2. Trading is expected to resume on the second trading day following the issuance of the Exchange's final bulletin.

As part of the acquisition, Stria Lithium Inc. acquired a 1% NSR royalty on the Mt Henry Gold Project from Sinclair Gold Ltd. (formerly Alicanto Minerals Ltd.). Consideration paid was A$5 million (approx. CAD $4.8 million) and 4 million common shares. The 4 million shares issued to Sinclair are subject to a 6-month voluntary hold and a 4-month, 1-day regulatory hold expiring January 2, 2026. There is an option to acquire an additional 1% NSR royalty for A$10.0 million (approx. CAD $9.7 million), exercisable within 30 days of Sinclair announcing a JORC-compliant Mineral Resource of 2.0M oz.

The private placement financing raised gross proceeds of $12 million. The Company issued 16 million common shares at $0.75 per share. No cash fees were paid for finder's fees; instead, 4 million non-transferable warrants were issued, exercisable at $0.75 per share for 5 years (expiring August 27, 2031). The regulatory hold period for all offering securities is 4 months and 1 day, expiring December 28, 2026.

Management changes include the appointment of Adam Davidson as Chief Executive Officer and Tyron Rees as Vice-President of Corporate Development. Judith Mazvihwa-MacLean continues as Chief Financial Officer. The release notes that the Company "welcomes a new Chief Executive Officer, Mr. Adam Davidson, and a new Vice-President of Corporate Development, Mr. Tyron Rees, to manage the Company's activities going forward following completion of the COB."

The June 2025 equity incentive plan was amended to reserve 13,129,485 common shares (20% of issued and outstanding shares post-COB). Under the plan, the following grants were made:

• Consultants: Granted 3,770,000 options at $0.78 exercise price, expiring 5 years from closing.
• Adam Davidson: Granted 2,458,073 RSUs and 615,366 Inducement Shares at $0.75 deemed price.
• Tyron Rees: Granted 1,899,266 RSUs and 615,366 Inducement Shares at $0.75 deemed price.

All Awards are subject to a 4-month Exchange Hold Period and a 36-month escrow for RSUs and Options.

Administrative details include a new CUSIP of 03882B102 and a new ISIN of CA03882B1022. Shareholder approval for the name change was previously obtained on June 9, 2026.