Business
Stria Starts Strategic Transformation with Acquisition of First Gold Royalty
Highly experienced royalty specialists appointed as Chief Executive and Vice President as part of...
About this update from Stria Lithium Inc.
[{"type":"text","content":"Stria Starts Strategic Transformation with Acquisition of First Gold RoyaltyHighly experienced royalty specialists appointed as Chief Executive and Vice President as part of plan to establish a portfolio of precious metals royaltiesOttawa, Ontario--(Newsfile Corp. - April 8, 2026) - Stria Lithium Inc. (TSXV: SRA) is pleased to announce the execution on April 8, 2026, of an investment agreement (the \"Investment Agreement\") with Alicanto Minerals Ltd. (ASX: AQI) (\"Alicanto\") for the acquisition of a net smelter return (NSR) royalty of up to 2% on the advanced West Australian Mt Henry Gold Project (the \"Acquisition\") and the appointment of experienced Royalty Company Executives to transform its business into a mining royalty business. The Acquisition constitutes a change of business under the policies of the TSX Venture Exchange (the \"Exchange\").Following completion of the Acquisition and the transactions contemplated under the Investment Agreement, Stria will focus its activities on the mining royalty business and intends to use its working capital to acquire more precious metals royalties.Key points of the royalty acquisition and proposed change of businessCreation of a new royalty company that combines the unique skill sets of a highly successful project generation team with a proven royalty management teamStria has executed its first deal as part of this strategy, securing a net smelter return (NSR) royalty on the Mt Henry Gold Project in Western AustraliaMt Henry hosts a JORC-compliant historical Measured & Indicated Resource1 of 22.1Mt @ 1.2 g/t for 822,000oz and an Inferred Resource of 2.4Mt @ 1.2 g/t for 94,000oz2. The resource is shallow and completely open, and is currently being advance through a 50,000m drill program, making it ready positioning it for immediate growthFollowing the Acquisition - Management Appointments Following the completion of the Acquisition, Stria will appoint experienced royalty company executives Adam Davidson and Tyron Rees as Chief Executive Officer and Vice President of Corporate Development respectivelyMr Davidson and Mr Rees, who most recently held senior executive positions at ASX200 Deterra Royalties (ASX: DRR), were also the founders of Trident Royalties, which they grew from a US$20m shell company to its acquisition by Deterra Royalties for ~US$200mExperienced mining and...