Ottawa, ON, July 18, 2023 – Stria Lithium Inc. (TSXV: SRA) (“Stria Lithium”, the “Company”) is pleased to announce that its common shares have been approved for quotation on the OTCQB® Venture Market (the “OTCQB”) effective July 17. The Company’s U.S. listing will be quoted under the symbol SRCAF, whilst the Company’s primary Canadian listing will continue to trade on the TSX Venture Exchange under the symbol SRA.
The OTCQB provides value and convenience to U.S. investors, brokers and institutions seeking to trade the shares of the company.
Alongside this effort, the Company also expects to be eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”), which acts as a clearing house to settle trades in the United States, which will further the liquidity of the Common Shares.
The OTCQB® Venture Market offers investors transparent trading in entrepreneurial and development stage U.S. and international companies. To qualify for OTCQB, companies must meet high financial and securities reporting standards, pass a bid test, and undergo annual verification. As a verified market with access for U.S. investors, OTCQB helps companies build shareholder value, achieve liquidity and a fair valuation. It will also enable the Company to expand its awareness and broaden its range of potential investors into the North American market.
Stria Lithium CFO, Judith Mazvihwa-MacLean commented: “We are excited for Stria Lithium to trade on the OTCQB. This Exchange gives Stria Lithium access to the world’s largest investment market, which will increase our shareholder base and trading activity in the U.S.”
About Stria Lithium
Stria Lithium (TSX-V: SRA) 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. Stria’s Pontax II lithium project is due south east to Pontax Central. These 104 individual claims totalling 5535 hectares (55 square kilometres) are on strike with stria’s existing Pontax Central project along the prospective Chambois Greenstone belt hosting spodumene bearing pegmatites. These key newly acquired adjacent VCT claims add to the land position of Pontax II and pave the way for uniformed exploration work to begin during July 2023.
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.
Cygnus Metals is committed to fully funding and managing the current two-stage exploration and drilling program to a maximum of $10 million at Stria’s Central Pontax Property, and will also pay Stria up to $6 million in cash. In return, Cygnus Metals may acquire up to a 70% interest in the Pontax Central Property.
Stria can acquire 100% ownership of VCT any time as per details of the agreement above.
Stria is committed to exceeding the industry’s environmental, social and governance standards. A critical part of that commitment is forging meaningful, enduring and mutually beneficial relationships with the James Bay Cree Nation (Eeyouch), and engaging openly and respectfully as neighbours and collaborators in this exciting project that has the potential to create lasting jobs and prosperity for Eeyou Istchee and its people.
The technical content disclosed in the current press release was reviewed and approved by Réjean Girard, P.Geo and president of IOS Services Geoscientifiques Inc, a qualified person as defined under National Instrument NI-43-101.
For more information about Stria Lithium and the Pontax Lithium project, please visit https://strialithium.com
For more information on Stria Lithium Inc., please contact:
CEO Stria Lithium
Investors Relations, Stria Lithium Inc.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this release.
Cautionary Note Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Please refer to the risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
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