Stria Provides Update on Change of Business Transaction & Announces Board Appointment

Stria Lithium Inc. (SRA) announced an update regarding its proposed acquisition of a net smelter return (NSR) royalty of up to 2% on the Mt Henry Gold Project from Alicanto Minerals Ltd. The company has extended the completion deadline for the transaction to July 28, 2026. A non-refundable deposit of A$1,000,000 (CAD$978,700) has been paid and will be applied to the closing consideration.

The company is executing a change of business from mining exploration to an investment issuer focused on mining royalties and streams. Shareholder approval for the name change to "Arc Mineral Royalties Ltd." was obtained on June 9, 2026. Regulatory filings, including a listing application, draft filing statement, and NI 43-101 technical report, have been submitted to the TSX Venture Exchange.

Mr. Louis Doyle has been appointed as an independent director, bringing over 30 years of capital markets and public company experience, including former roles at Québec Bourse and the TSX Venture Exchange.

Stria Lithium Inc. (SRA) has extended the deadline for its previously announced strategic transformation to July 28, 2026. This adjustment is a standard administrative measure designed to allow time for TSXV regulatory review and final documentation. The company also appointed Louis Doyle to its board, a move that aligns with its pivot to a royalty-focused business model requiring sophisticated capital markets expertise.

The transaction remains subject to TSXV approval and shareholder ratification via written resolution. No new financial terms or strategic shifts are introduced beyond what was disclosed in April 2026.

Stria Lithium Inc. (SRA) is transitioning from a lithium exploration company to a mining royalty and streaming investment issuer, a move that will see the company renamed Arc Mineral Royalties Ltd. The firm’s flagship asset is the Mt Henry Gold Project in Western Australia. Stria currently holds a 1% net smelter return (NSR) royalty on the project, with an option to increase this stake to 2% NSR for an additional A$10M cash payment upon the announcement of a 2.0 moz JORC resource.

The Mt Henry site is a brownfields mine featuring historical resources of 22.1 Mt @ 1.2 g/t Au (822,000 oz) and 2.4 Mt @ 1.2 g/t Au (94,000 oz) inferred. The property benefits from established infrastructure, including grid power, highway access, and an existing water supply, and has been granted a mining lease. Exploration efforts are currently underway with a 50,000m drill program targeting shallow, open-at-depth mineralization. Recent intercepts from the program include 18m @ 16.4 g/t Au and 64m @ 3.9 g/t Au.