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

 

Stria’s Pontax II lithium project is due southeast to Pontax Central. These 128 individual claims totalling 6811 hectares (68 square kilometres) are on strike with stria’s existing Pontax Central project along the prospective Chambois Greenstone belt hosting spodumene bearing pegmatites.

Pontax II boasts high grade tantalum oxide anomalies generally associated with lithium bearing pegmatites. Chip sampling and mapping is underway summer 2023 (currently) in preparation for a follow up winter drill program.

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.

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.)

5 Critical Lithium Corp’s Rose Lithium-Tantalum project:
NI 43-101 compliant Open Pit Indicated resources of 31.5 Mt @ 0.99% Li2Oeq prepared by InnovExplo Inc. dated May 27, 2022. Source: WSP, 2022. Rose Lithium-Tantalum project feasibility study NI 43-101 technical report with an effective date of July 26, 2022. (available at: https://www.cecorp.ca/wp-content/uploads/161-14192-03_RPT-01_R1_V1_CELC_Rose-FS-2022.pdf)

6 Patriot Battery Metals Inc.’s Corvette lithium project:
CV-5 pegmatite outcrop Cluster: Hole CV22-035: 100.0 m @ 1.22% Li2O (source: https://patriotbatterymetals.com/wp-content/uploads/2023/01/PMET-Presentation-Jan-2023-06Jan2023.pdf)