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SRA Stria Lithium Inc

0.105
-0.005 (-4.55%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Stria Lithium Inc TSXV:SRA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -4.55% 0.105 0.10 0.105 0.105 0.105 0.105 11,000 20:59:32

Stria Capital Changes Its Name to Stria Lithium Inc.

05/05/2014 9:13pm

Marketwired Canada


Stria Capital Inc. (TSX VENTURE:SRA) ("Stria" or the "Corporation") is pleased
to announce that following the approval of a special resolution by the
Corporation's shareholders at the annual and special meeting of shareholders of
the Corporation held on April 24, 2014 in Ottawa, Ontario, the Corporation has
changed its name and will now trade on the TSX Venture Exchange (the "Exchange")
under the name "Stria Lithium Inc.". The name change will be effective on the
Exchange in the coming days. The Corporation will continue trading on the
Exchange under the stock symbol "SRA".


Stria President and COO Julien Davy said the change in corporate identity
represents a truer description of the Corporation's core business activities.


"Stria Lithium is a lithium exploration and development company positioning
itself to reap the competitive benefits from upstream process technologies we
are currently developing," Mr. Davy said.


"Our aim is to dramatically reduce future production costs for both our
spodumene and brine projects," Mr. Davy said.


On January 14, 2014, Stria announced its plans to introduce proprietary, on-site
processing technologies that produce high purity lithium chloride directly from
spodumene ore and from brine, on an environmentally sustainable basis.


The potential benefits of the technologies is that they require less controls;
less chemistry via the recycling of chemicals; require less energy due to energy
recycling; reduce capital costs from the construction of smaller, compact
processing facilities, and; the combination of a simple process and compact
design enable easy automation.


Stria owns the Pontax Lithium spodumene and Willcox Lithium brine properties in
Northern Quebec and Southeastern Arizona, respectively.


"With the anticipated robust growth in demand for lithium metals from both the
lithium ion battery manufacturing sector and from utilities looking to increase
energy storage capacities, our technologies hold the potential to meet two core
business goals, namely, reducing costs to end-users while maximizing profits for
Stria Lithium and its stakeholders," Mr. Davy said.


About Stria Lithium Inc.

Stria Lithium (TSX VENTURE:SRA) owns the Pontax spodumene lithium property in
Northern Quebec and the Willcox brine lithium property in Southeastern Arizona.
As announced in January, 2014, Stria is developing proprietary, in-house
processing technologies for both projects with the purpose of reducing costs on
an environmentally sustainable basis. Stria's technologies, based on recovering
lithium metal directly from ore and from brine liquids, will be more efficient,
will require fewer controls, less chemistry and require less energy from compact
facilities designed to enable easy automation. 


Forward Looking Information

This news release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. Such forward-looking information
includes information with respect to our goals, beliefs, plans, expectations,
anticipations, estimates and intentions. Forward-looking information is
identified by the use of terms and phrases such as "may," "would," "should,"
"could," "expect," "intend," "estimate," "anticipate," "plan," "foresee,"
"believe," and "continue," or the negative of these terms and similar
terminology, including references to assumptions. Please note, however, that not
all forward-looking information contains these terms and phrases.
Forward-looking information is based upon a number of assumptions and is subject
to a number of risks and uncertainties, many of which are beyond our control.
These risks and uncertainties could cause actual results to differ materially
from those that are disclosed in or implied by such forward-looking information.
Important factors that could cause actual results to differ materially from the
Corporation's expectations are in our documents filed from time to time with the
TSX Venture Exchange and provincial securities regulators, most of which are
available at www.sedar.com. Consequently, all of the forward-looking information
contained herein is qualified by the foregoing cautionary statements, and there
can be no guarantee that the results or developments that we anticipate will be
realized or, even if substantially realized, that they will have the expected
consequences or effects on our business, financial condition or results of
operation. Unless otherwise noted or the context otherwise indicates, the
forward-looking information contained herein is provided as of the date hereof,
and we do not undertake to update or amend such forward-looking information
whether as a result of new information, future events or otherwise, except as
may be required by applicable law.


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 adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Stria Lithium Inc.
Mr. Julien Davy
President and Chief Operating Officer
jdavy@strialithium.com

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