Stria Starts Strategic Transformation with Acquisition of First Gold Royalty

• Strategic shift: Stria Lithium entered an Investment Agreement to acquire up to a 2 % Net Smelter Return (NSR) royalty on the Mt Henry Gold Project (WA) for A$5 M cash plus 4 M common shares; an additional 1 % can be bought for A$10 M before Alicanto announces a 2.0 Moz JORC resource.
• Financing: Simultaneously, Stria will close a non‑brokered private placement of 16 M common shares at CDN $0.75 each, targeting minimum proceeds of CDN $12 M (maximum not disclosed). Proceeds fund the royalty purchase and future acquisitions.
• Capital structure post‑closing: Existing shareholders 67.5 %, placement investors 26.0 %, consideration shares to Alicanto 6.5 % – total 100 %.
• Management overhaul: Adam Davidson appointed CEO; Tyron Rees as VP Corporate Development; several industry advisors added. Former CEO Dean Hanish becomes non‑executive director.
• Regulatory timeline: Trading halt on Apr 8, shareholder approval expected early June, closing projected for mid‑June 2026.

• Scope: The transaction converts Stria from a pure exploration junior into a royalty‑focused entity with an immediate revenue stream (NSR) on a proven gold asset and a pipeline for additional royalties.
• Capital raise: CDN $12 M + A$5 M cash (~US $8–9 M total) is material relative to the company’s cash balance of CAD $1.8 M (Dec‑2025). This infusion markedly improves liquidity and reduces near‑term financing risk.
• Valuation upside: Royalty income on Mt Henry (≈ 822 koz Au at 1.2 g/t) could generate multi‑million dollars annually once production commences, providing a stable cash flow base that the market has not priced in.
• Risk mitigation: The hold period on new shares limits immediate dilution; however, post‑closing share count rises to ~61.5 M, diluting existing shareholders but offset by valuable royalty assets.
• Overall: The news exceeds prior expectations (previous releases were only financing or advisory appointments) and materially improves the company’s strategic positioning and balance sheet – a clear Material‑Positive event.

Stria Lithium Inc., a TSX‑Venture listed junior, originally focused on lithium exploration in Canada. Its flagship asset is now the Mt Henry Gold Project in Western Australia – historically JORC Measured & Indicated 22.1 Mt @ 1.2 g/t Au (≈ 822 koz) plus inferred resources. The company will earn royalty income from this project rather than develop it directly, shifting to a high‑margin, low‑capex business model.