Stria Lithium Inc. Announces the Re-Pricing of Previously Announced Non-Brokered Private Placement of up to $1,000,000

Core Viewpoint - Stria Lithium Inc. has announced a repricing of its non-brokered private placement to raise gross proceeds of up to $1,000,000, subject to acceptance by the TSX Venture Exchange [1][5]. Financing Details - The company plans to issue up to 2,127,659 units at a price of $0.47 per unit, with each unit consisting of one common share and one warrant [2][20]. - Each warrant will allow the holder to purchase an additional common share at an exercise price of $0.59 for three years from issuance [2][20]. - Proceeds from the financing will be allocated for mineral exploration, potential acquisitions, and general working capital [3]. Insider Participation - Certain insiders may participate in the financing, which will be considered a related party transaction [4]. - The company expects that insider participation will be exempt from formal valuation and minority shareholder approval requirements under MI 61-101 [4]. Project Overview - Stria Lithium is focused on developing Canadian lithium reserves to meet the growing demand for electric vehicles and lithium-ion batteries [6]. - The Central Pontax Lithium Project spans 36 square kilometers and is located in the Canadian "Lithium Triangle," a significant area for hard rock lithium mining in North America [7]. - The project has a maiden JORC-compliant inferred mineral resource estimate of 10.1 million tonnes at 1.04% Li2O [7][8]. Joint Venture and Funding - Cygnus Metals is managing a two-stage exploration program at Stria's Pontax property, with a maximum funding of $10 million and potential cash payments of up to $6 million to Stria [9]. - Cygnus has already earned a 51% interest in the property by fulfilling stage 1 requirements [9]. Industry Context - The North American lithium industry is experiencing growth due to government support for the transition to electric vehicles, presenting investment opportunities [10]. - Stria is committed to exceeding environmental, social, and governance standards while fostering relationships with local communities [11].