Ottawa, Ontario — February 25, 2026 — Leads & Copy — Stria Lithium Inc. has announced a repricing of its non-brokered private placement for gross proceeds of up to $1,000,000, pending acceptance by the TSX Venture Exchange (TSXV), according to a press release issued February 25, 2026.
The Company intends to issue up to 2,127,659 units at a price of $0.47 per unit, potentially raising up to $1,000,000. Each unit will consist of one common share and one full common share purchase warrant. The warrants will allow the holder to purchase an additional common share at $0.59 per share for three years from the issuance date.
Stria Lithium plans to use the proceeds to advance its mineral exploration assets and operations, pursue potential future acquisitions, and for general working capital.
Certain insiders of the Company may participate in the Financing, which would constitute a related party transaction under Multilateral Instrument 61-101. The Company anticipates that any insider participation will be exempt from formal valuation and minority shareholder approval requirements, as the value of securities issued to insiders and the consideration paid by them is not expected to exceed 25% of the Company’s market capitalization.
Finders’ fees may be paid in connection with the Financing, in accordance with TSXV policies.
All securities issued under the Financing will be subject to a statutory hold period of four months and one day from the issuance date, adhering to applicable securities laws and TSXV policies.
Completion of the Financing remains subject to acceptance by the TSXV.
Stria Lithium is described as an emerging resource exploration company focused on developing Canadian lithium reserves to meet the demand for electric vehicles and rechargeable lithium-ion batteries. The Company’s Central Pontax Lithium Project covers 36 square kilometres, including 8 km of strike along the Chambois Greenstone Belt. The region is referred to as the Canadian “Lithium Triangle.”
The Pontax Central Project Joint Venture with Cygnus Metals has a maiden JORC-compliant inferred mineral resource estimate of 10.1Mt at 1.04% Li2O based on the central area of the known mineralisation.
Cygnus Metals is committed to funding and managing a two-stage exploration and drilling program up to $10 million at Stria’s Pontax property and 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.
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 disclosed.
Reference: JORC Mineral Resource Estimate of Pontax Project, James Bay Quebec, Brian Wolfe; Duncan Grieve, August 14, 2023.
Source: Stria Lithium
