Stria Lithium Inc. Announces Non-Brokered Private Placement of up to $1,000,000

Executive Summary

• Stria Lithium Inc. announced a non‑brokered private placement to raise up to $1,000,000 by issuing 2,380,952 units at $0.42 per unit.
• Each unit consists of one common share and one full common share purchase warrant (exercise price $0.52, three‑year term).
• Proceeds will fund mineral exploration, potential acquisitions, and general working capital; the financing is subject to TSXV acceptance.

Key Details

• Units Offered: Up to 2,380,952 units at $0.42 each → gross proceeds up to $1,000,000.
• Unit Composition:
• 1 common share of Stria Lithium Inc.
• 1 full common share purchase warrant (right to buy one additional common share at $0.52 per share).
• Warrant Terms: Exercise price $0.52; exercisable for three years from issuance date.
• Use of Proceeds: Advancement of mineral exploration assets and operations, potential future acquisitions, and general working capital.
• Insider Participation: Certain insiders may participate; expected to be exempt from formal valuation and minority‑shareholder approval under MI 61‑101 because the fair market value and consideration will not exceed 25 % of market capitalization.
• Finders’ Fees: May be paid in accordance with TSXV policies.
• Statutory Hold Period: All securities issued are subject to a four‑month‑plus‑one‑day hold period per applicable securities laws and TSXV rules.
• Closing Conditions: Completion remains subject to acceptance by the TSX Venture Exchange (TSXV).

Notable Quotes

“The proceeds of this financing will enable us to accelerate exploration at our Pontax project, pursue strategic acquisition opportunities, and strengthen our balance sheet as we advance toward becoming a leading North American lithium producer.” – Dean Hanisch, CEO, Stria Lithium

Materiality Assessment: Material – Positive (the financing provides significant capital for exploration and growth initiatives).