{"id":26715,"date":"2023-05-02T10:00:00","date_gmt":"2023-05-02T14:00:00","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=26715"},"modified":"2024-03-20T19:22:51","modified_gmt":"2024-03-20T23:22:51","slug":"stria-lithium-acquires-additional-mineral-properties","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/","title":{"rendered":"Stria Lithium acquires additional Mineral Properties"},"content":{"rendered":"<p><strong>Stria Lithium Inc. (TSXV:SRA) (OTC:SRCAF)<\/strong> announced it has successfully entered a definitive option agreement to acquire 100% ownership of two key mineral properties close to its Pontax Project in the lithium-rich Eeyou Istchee James Bay Territory of Qu\u00e9bec, Canada.<\/p>\n<p>The two properties more than double the size of Stria\u2019s resource assets in the area, and include more than 104 individual claims totalling 5,535 hectares (55 square kilometres) on strike with Stria\u2019s existing Pontax Project along the prospective Chambois Greenstone Belt hosting spodumene bearing pegmatites.<\/p>\n<p>The new claims are in highly active prospective zones, situated to the west of the Patriot Battery Metals (PMET.V) Pontax project, and south of Brunswick Exploration (BRW.V). The properties are also close to the N\u00e9miscau-LaGrande boundary zone in a geological environment similar to the nearby Allkem James Bay Lithium project0 with a published Mineral Reserve Estimate of 40.3Mt at 1.4% Li2O.<\/p>\n<div class=\"su-note\"  style=\"border-color:#bfbfba;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#d9d9d4;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">The region, known as the Canadian \u201cLithium Triangle,\u201d is one of only a few known sources of lithium available for hard rock mining in North America. In addition, the two properties recently acquired by Stria are accessible by the major paved highway connecting the James Bay region to Quebec\u2019s industrial and urban areas to the south. They are also close to an industrial powerline and commercial accommodation.<\/div><\/div>\n<p>A winter drilling program was recently completed on its Pontax 1 property, and early assays include up to 9.27m (true width) at 1.86% Li2O. The results to date confirm the potentiality of the deposit to host significantly wide and rich spodumene dykes at depth, and the completion of the drilling program paves the way for a Maiden Resource in 2023.<\/p>\n<div class=\"su-quote su-quote-style-default su-quote-has-cite\"><div class=\"su-quote-inner su-u-clearfix su-u-trim\">Stria&#8217;s successful 100% option of these two key properties and their 104 claims represents an exciting leap forward in our strategic plan to expand our reserves in the area, building on the positive results of the recent winter drilling program at Stria\u2019s Pontax 1 (Central) project. The proximity of all three properties also allows us to capitalize on our experience, expertise and resources from Pontax 1 (Central), creating economies of scale and opportunities to expedite exploration and development at all of Stria\u2019s rapidly expanding assets in the area.<span class=\"su-quote-cite\">Dean Hanisch, CEO, Stria Lithium<\/span><\/div><\/div>\n<h2>Transaction Details<\/h2>\n<p>The latest mineral property acquisitions named Pontax 2 are being financed entirely from Stria\u2019s cash reserves.<\/p>\n<p>Stria has purchased two sets of adjacent claims as follows ($CAD):<\/p>\n<span class=\"su-highlight\" style=\"background:#ddff99;color:#000000\">&nbsp;<strong>CLAIMS 1<\/strong> <strong>(Private Stakeholder)<\/strong>&nbsp;<\/span>\n<p><strong>Phase I: <\/strong><\/p>\n<ul>\n<li>55 mineral claims totalling 2,927 hectares. o Payment of $75,000 plus 300,000 common shares of Stria Inc. on closing o Stria\u2019s investment of at least $50,000 in work on the property within 14 months of closing, with a minimum $30,000 registered with the government<\/li>\n<li>On or before 14 months, at Stria\u2019s option to proceed\u2026<\/li>\n<\/ul>\n<p><strong>Phase II:<\/strong><\/p>\n<ul>\n<li>Payment of $187,500 plus 1,125,000 common shares of Stria<\/li>\n<\/ul>\n<span class=\"su-highlight\" style=\"background:#ddff99;color:#000000\">&nbsp;<strong>CLAIMS 2 (Vior Inc.)<\/strong>&nbsp;<\/span>\n<p><strong>Phase I: <\/strong><\/p>\n<ul>\n<li>49 mineral claims totalling 2,609 hectares<\/li>\n<li>Payment of $50,000 plus 200,000 common shares of Stria Inc. on closing<\/li>\n<li>Stria\u2019s investment of at least $42,000 in work on the property within 14 months of closing with a minimum $30,000 registered with the government<\/li>\n<li>On or before 14 months, at Stria\u2019s option to proceed\u2026<\/li>\n<\/ul>\n<p><strong>Phase II:<\/strong><\/p>\n<ul>\n<li>Payment of $125,000 plus 750,000 common shares of Stria<\/li>\n<\/ul>\n<h3 style=\"text-align: center;\"><strong>Figure 1: New Project \u2013 Pontax 2 property<\/strong><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26718\" src=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/05\/Stria-Lithium-Pontax-1-2-May-2nd-2023.png\" alt=\"\" width=\"882\" height=\"671\" srcset=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/05\/Stria-Lithium-Pontax-1-2-May-2nd-2023.png 882w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/05\/Stria-Lithium-Pontax-1-2-May-2nd-2023-300x228.png 300w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/05\/Stria-Lithium-Pontax-1-2-May-2nd-2023-768x584.png 768w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/05\/Stria-Lithium-Pontax-1-2-May-2nd-2023-696x529.png 696w, https:\/\/capital10x.com\/old\/wp-content\/uploads\/2023\/05\/Stria-Lithium-Pontax-1-2-May-2nd-2023-80x60.png 80w\" sizes=\"auto, (max-width: 882px) 100vw, 882px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stria Lithium Inc. (TSXV:SRA) (OTC:SRCAF) announced it has successfully entered a definitive option agreement to acquire 100% ownership of two key mineral properties close to its Pontax Project in the lithium-rich Eeyou Istchee James Bay Territory of Qu\u00e9bec, Canada.<\/p>\n","protected":false},"author":25,"featured_media":25478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2430,56],"tags":[2161,891,2263,2274,2204],"class_list":{"0":"post-26715","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-energy-transition-metals","8":"category-featured","9":"tag-investing-in-lithium","10":"tag-lithium","11":"tag-otcsrcaf","12":"tag-stria-lithium-inc","13":"tag-tsxvsra"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stria Lithium acquires additional Mineral Properties | Capital 10X<\/title>\n<meta name=\"description\" content=\"Stria Lithium Inc. (TSXV:SRA) (OTC:SRCAF) announced it has successfully entered a definitive option agreement to acquire 100% ownership of two key mineral properties close to its Pontax Project in the lithium-rich Eeyou Istchee James Bay Territory of Qu\u00e9bec, Canada.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stria Lithium acquires additional Mineral Properties | Capital 10X\" \/>\n<meta property=\"og:description\" content=\"Stria Lithium Inc. (TSXV:SRA) (OTC:SRCAF) announced it has successfully entered a definitive option agreement to acquire 100% ownership of two key mineral properties close to its Pontax Project in the lithium-rich Eeyou Istchee James Bay Territory of Qu\u00e9bec, Canada.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital 10X\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Capital10x\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-02T14:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-20T23:22:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/12\/eng-company-stria-09.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1069\" \/>\n\t<meta property=\"og:image:height\" content=\"713\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Duane Hope\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@capital10x\" \/>\n<meta name=\"twitter:site\" content=\"@capital10x\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Duane Hope\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/\"},\"author\":{\"name\":\"Duane Hope\",\"@id\":\"https:\/\/capital10x.com\/old\/#\/schema\/person\/75fddffbd75d63e9226bc4c592e9a851\"},\"headline\":\"Stria Lithium acquires additional Mineral Properties\",\"datePublished\":\"2023-05-02T14:00:00+00:00\",\"dateModified\":\"2024-03-20T23:22:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/\"},\"wordCount\":551,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/12\/eng-company-stria-09.jpg\",\"keywords\":[\"investing in lithium\",\"Lithium\",\"OTC:SRCAF\",\"Stria Lithium Inc\",\"TSXV:SRA\"],\"articleSection\":[\"Energy Transition Metals\",\"Featured\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/capital10x.com\/old\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/\",\"url\":\"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/\",\"name\":\"Stria Lithium acquires additional Mineral Properties | Capital 10X\",\"isPartOf\":{\"@id\":\"https:\/\/capital10x.com\/old\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/capital10x.com\/old\/stria-lithium-acquires-additional-mineral-properties\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/capital10x.com\/old\/wp-content\/uploads\/2022\/12\/eng-company-stria-09.jpg\",\"datePublished\":\"2023-05-02T14:00:00+00:00\",\"dateModified\":\"2024-03-20T23:22:51+00:00\",\"description\":\"Stria Lithium Inc. 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