Stria Lithium Announces the Close of Its Non-Brokered Private Placement Raising $1,000,000

Stria Lithium Inc. has successfully completed a $1 million non-brokered private placement, demonstrating continued investor interest in Canadian lithium development companies. The financing involved the issuance of 2.13 million units at $0.47 per unit, with each unit comprising one common share and one warrant exercisable at $0.59 for 36 months. The company noted that no finder fees were paid and no insiders participated in the financing.

The proceeds will be strategically deployed to advance Stria's mineral exploration assets and operations, pursue potential acquisitions, and support general working capital requirements. This funding comes at a critical time as the company develops its flagship Central Pontax Lithium Project in Quebec's James Bay region, an area increasingly recognized as Canada's 'Lithium Triangle' and one of the few hard rock lithium sources available in North America.

The Central Pontax Project has established significant momentum through a joint venture partnership with ASX-listed Cygnus Metals, which has committed up to $10 million in exploration funding and $6 million in cash payments to earn up to 70% project interest. Cygnus has already fulfilled its stage 1 requirements and earned a 51% interest in the property. The project benefits from a maiden JORC-compliant inferred mineral resource estimate of 10.1Mt at 1.04% Li2O, though this estimate is not yet compliant with Canadian CIM and NI 43-101 standards.

This financing positions Stria to capitalize on the accelerating North American lithium market, driven by government support for electric vehicle adoption and the broader green energy transition. The company's focus on responsible development and community engagement aligns with increasing ESG requirements in the mining sector, potentially enhancing its attractiveness to future investors and partners as the project advances toward more detailed resource definition and eventual development decisions.