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

Stria Lithium Inc. has announced its intention to complete a non-brokered private placement financing of up to $1,000,000, subject to TSX Venture Exchange approval. The company plans to issue up to 2,380,952 units at $0.42 per unit, with each unit consisting of one common share and one warrant exercisable at $0.52 for three years. The proceeds will support advancement of the company's mineral exploration assets, potential future acquisitions, and general working capital requirements.

The financing comes as Stria continues development of its flagship Pontax Central Lithium Project in Quebec's James Bay region, which covers 36 square kilometres along the Chambois Greenstone Belt. The project has established a maiden JORC-compliant inferred mineral resource estimate of 10.1Mt at 1.04% Li2O, positioning it as a significant occurrence in the emerging James Bay lithium district. The company operates through a joint venture with Cygnus Metals, which has committed up to $10 million in exploration funding and $6 million in cash payments while earning up to a 70% interest in the property.

This financing reflects the growing momentum in North American lithium development as governments aggressively support domestic supply chains for the electric vehicle transition. Stria's positioning in Quebec's "Lithium Triangle" provides strategic access to one of the few known hard rock lithium sources in North America. The company's commitment to environmental, social and governance standards, combined with meaningful community engagement, aligns with increasing investor focus on responsible resource development.

The completion of this financing will provide Stria with additional capital to advance exploration activities while maintaining its partnership structure with Cygnus Metals. As the electric vehicle market continues expanding and government support for critical mineral development intensifies, companies like Stria with established resources in stable jurisdictions are well-positioned to capitalize on the growing demand for North American lithium supply.