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Stria Lithium Announces Closing of Romer Property Purchase
OTTAWA, ON / ACCESSWIRE / August 11, 2022 / Stria Lithium Inc. (TSXV:SRA) (" Stria " or the ...
About this update from Stria Lithium Inc.
[{"type":"text","content":"Stria Lithium Announces Closing of Romer Property PurchaseOTTAWA, ON / ACCESSWIRE / August 11, 2022 / Stria Lithium Inc. (TSXV:SRA) (\"Stria\" or the \"Company\") is pleased to announce the closing of its purchase of the Romer Property from Braille Energy Systems Inc. effective August 11, 2022. In exchange for a purchase price of (i) cash in the amount of $125,000; (ii) 750,000 common shares of Stria issued at a deemed price of $0.50 per share on a post-consolidated basis; and (iii) a net smelter royalty of 1% (\"NSR\"), Stria acquires 57 contiguous and two isolated map-designated mining claims (total surface area: 2,592.1 ha or 26 km2 in the Labrador Trough sector of Nunavik, the northern division of the Nord-du-Québec administrative region.As previously disclosed in its news release of March 4, 2022, Stria will have the option (the \"Partial NSR Buyout Option\") to purchase 50% of the NSR such that the NSR is reduced from 1.0% to 0.5%. The Partial NSR Buyout Option may be exercised at any time by Stria for consideration of $500,000 payable in cash or stock or a combination thereof at Stria's discretion.About Stria Lithium Inc.Stria Lithium is a Canadian junior mineral exploration company with an expanding technology focus and has a 100% interest in the Pontax spodumene lithium project in Northern Québec. Lithium is a critical metal in the universal fight against global warming. It is a core component of Lithium-ion batteries used for powering electric vehicles and for industrial-scale energy storage. For more information about Stria Lithium and the Pontax Lithium project, please visit https://strialithium.com.Forward-Looking StatementThis News Release contains \"forward-looking information\" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as \"plans\", \"expects\" or \"does not expect\", \"is expected\", \"budget\", \"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\" or \"does not anticipate\", or \"believes\", or variations of such words and phrases or state that certain actions, events or results \"may\", \"could\", \"would\", \"might\" or \"will be taken\", \"occ...