Ottawa, Ontario — February 26, 2026 — Leads & Copy — Stria Lithium Inc. (TSXV: SRA) has closed a non-brokered private placement, raising $1,000,000 in gross proceeds.
The company issued 2,127,659 units at $0.47 per unit. Each unit includes one common share of the company and one common share purchase warrant. The warrants allow the holder to acquire one common share of the company at $0.59 per share for 36 months following the closing of the private placement, expiring on February 26, 2029.
The company will use the proceeds for advancement of its mineral exploration assets and operations, potential future acquisitions, and general working capital. No finder fees were paid, and no insiders participated in the equity financing.
All securities issued are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with securities laws and TSXV policies.
Stria Lithium is focused on developing Canadian lithium reserves. The company’s Central Pontax Lithium Project covers 36 square kilometers, including 8 km of strike along the Chambois Greenstone Belt. The region is known as the Canadian “Lithium Triangle.”
Stria’s Pontax Central Project Joint Venture with Cygnus Metals has a maiden JORC-compliant inferred mineral resource estimate of 10.1Mt at 1.04% Li2O.
Cygnus Metals, an ASX issuer, adhered to Australian JORC Code 2012 guidelines for the mineral resource estimate. The company does not consider this mineral resource estimate necessarily compliant with CIM and National Instrument 43-101 standards.
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 Pontax property. Cygnus will also pay Stria up to $6 million in cash. In return, Cygnus may acquire up to a 70% interest in the property. Cygnus has fulfilled its stage 1 requirements within the agreement and has now earned its 51% interest in the property.
Stria is committed to responsible and efficient exploration and development of its mining assets and exceeding the industry’s environmental, social and governance standards.
Réjean Girard, P.Geo and president of IOS Services Geoscientifiques Inc., a qualified person as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, reviewed and approved the scientific and technical content.
Reference: JORC Mineral Resource Estimate of Pontax Project, James Bay Quebec, Brian Wolfe; Duncan Grieve, August 14, 2023.
Source: Stria Lithium
