Stria Lithium (TSX.V:SRA) is an emerging resource exploration company locating and developing Canadian lithium reserves to meet legislated demand for electric vehicles and their rechargeable lithium-ion batteries.
An aggressive and well-funded drilling program is already under way at Stria’s Pontax property, a unique development site close to hydro-electricity and a major paved highway in the lithium-rich James Bay region of northern Quebec.
As momentum builds for the “green energy revolution” and the shift to electric vehicles, the lithium industry and its investors have been presented with a rare, if not unprecedented, opportunity for growth and prosperity well into the next decade. Governments in Canada and the U.S. have all but guaranteed it, providing financial and legislative support for the creation of a North American supply chain for electric vehicle batteries and components, including lithium.
Assay results from the latest drilling at the Pontax Property will be announced in Q1 of 2023. Preliminary shallow drilling in 2017 and 2020 found lithium-bearing spodumene deposits in 17 of 18 test holes. The best intercept was 21.39m grading 1.16% Li2O in drill hole 975-17-0142, comparable to other properties in the region.
1 Allkem’s James Bay Lithium project:
NI 43-101 compliant Indicated mineral resources of 40.33 Mt @ 1.40% Li2O dated Nov. 23, 2017. Source: G Mining Services Inc., 2022. NI 43-101 Technical Report Feasibility Study James Bay Lithium Project, Québec; Effective date, January 11, 2022 (available at: https://www.allkem.co/projects/james-bay).
2 Sayona Ltd – Piedmont Lithium’s North American Lithium Project:
Total JORC-compliant Open-Pit and Underground Measured + Indicated mineral resources of 73.675 Mt @ 1.05% Li2O dated February 14, 2022. Source: Pre‐feasibility Study (PFS) the North American Lithium (NAL) project, Quebec. Highlights Released by Sayona on May 23, 2022. (available at: https://wcsecure.weblink.com.au/pdf/SYA/02523963.pdf).
3 Sayona Ltd (60%) – SOQUEM (40%) Moblan Lithium project:
Historic Measured + Indicated mineral resources of 12.03 Mt @ 1.40% Li2O by DRA Americas Inc.: Source: DRA Americas Inc., 2019. Non-43-101 compliant mining feasibility study of the Moblan project, Québec. Prepared DRA Americas Inc., for Guo Ao Lithium Ltd and dated Aug. 24, 2019. (Reference: https://sayonamining.com.au/projects/moblan-project/)
4 Nemaska Lithium Inc.’s Whabouchi Lithium project:
NI 43-101 compliant Open Pit Measured and Indicated resources of 38.226 Mt @ 1.45% Li2O dated June 26, 2019. Source: DRA Americas Inc. et al., 2019: NI 43-101 technical report- Report on the estimate to complete for the Whabouchi lithium mine and Shawinigan electrochemical plant, Nemaska Project with an effective date of May 31, 2019 (available at: www.sedar.com under Nemaska Lithium Inc.)