Stria Lithium completes $12M financing, royalty acquisition

Stria Lithium Inc. has successfully completed a private placement, raising $12 million and acquiring a net smelter return royalty on the Mt Henry Gold Project in Western Australia from Sinclair Gold Ltd. The company issued 4 million common shares and 4 million finder’s fee warrants to facilitate the transaction, with regulatory hold periods expiring in 2026.

Additionally, Stria holds an option to acquire another 1% net smelter return royalty for A$10 million, contingent on Sinclair’s announcement of a JORC-compliant Mineral Resource. The transaction includes a change of business under TSX Venture Exchange Policy 5.2, and the company has appointed new leadership, including Adam Davidson as CEO and Tyron Rees as Vice-President of Corporate Development.

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