Stria Lithium (TSXV.SRA, OTCQB.SRCAF, FRANKFURT.S35A.F) is an emerging resource exploration company developing Canadian lithium reserves in the Eeyou Istchee James Bay Territory of Québec, Canada, to meet legislated demand for electric vehicles and their rechargeable lithium-ion batteries.
Lithium is a rare metal and an indispensable component of rechargeable lithium-ion batteries, one of the safest and most efficient energy storage technologies available today, used in everything from cell phones and power tools to electric cars and industrial-scale energy storage for renewable power sources such as wind and solar generation.
Stria’s Central Pontax Lithium project covers 36 square kilometres, including 8 kilometres of strike along the prospective Chambois Greenstone Belt.
Pontax Central’s Joint Venture partner Cygnus Metals (ASX.CY5) completed an aggressive drill program at Pontax Central in April, 2023 totalling 32 holes and 9,614 metres. These early results confirm potential to host significantly wide and rich spodumene dykes at depth. The Pontax Central Project Joint venture (Cygnus Metals 51%/Stria 49%) now has a maiden resource estimate produced by Cygnus metals (August 2023).
Cygnus published a Maiden inferred Resource Estimate (MRE) of 10.1Mt at 1.04% Li2O based on the central area of the known mineralisation.
This JORC estimate establishes Pontax Central as a serious player in the Canadian Lithium James Bay region.
Cygnus Metals being an ASX issuer, they adhered to Australian JORC Code 2012 guidelines, meaning that such mineral resource estimate is not necessarily current in regard of the Canadian National Instrument 43-101 code.
Cygnus press release https://bit.ly/3P0b5Rf
The Eeyou Istchee James Bay Territory of Québec is one of only a few known sources of lithium available for hard rock mining in North America. All of Stria’s properties in the region are situated close to an industrial powerline and a major paved highway that connects the northern region with the industrial and urban centres to the south.
As momentum builds for the green energy revolution and the shift to electric vehicles, governments in Canada and the U.S. are aggressively supporting the North American lithium industry, presenting the industry and its investors with a rare, if not unprecedented, opportunity for growth and prosperity well into the next decade and beyond.
