Stria Lithium Inc V.SRA.P

Primary Symbol: V.SRA Alternate Symbol(s): SRCAF

Stria Lithium Inc. is a Canada-based emerging resource exploration company developing Canadian lithium reserves in the Eeyou Istchee James Bay Territory of Quebec, Canada to meet the demand for electric vehicles and their rechargeable lithium-ion batteries. The Company’s Central Pontax Lithium Project covers 36 square kilometers (km2), including eight kilometers of strike along the prospective Chambois Greenstone Belt. The project is located in the west-central Eeyou Istchee Baie-James (EIBJ) Territory in northern Quebec. Its Pontax II project consists of 128 individual claims totaling 6811 hectares (68 km2) on strike with Pontax central along the prospective Chamois Greenstone Belt hosting spodumene pegmatites. Its Romer Polymetallic property consists of 57 contiguous and two isolated map-designated mining claims covering an area of 26 km2. The property is located in the Labrador Trough sector of Nunavik, the northern division of the Nord-du-Quebec administrative region.

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Stria Lithium Inc

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Post by maverick2004on Jan 09, 2020 9:50am

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NMX news

FP says Nemaska catches a break with judge's ruling

2020-01-09 09:30 ET - In the News

The Financial Post reports in its Thursday, Jan. 9, edition that on Tuesday, Quebec Superior Court Judge Louis Gouin gave Nemaska Lithium an additional month to figure out a way forward, under court-granted creditor protection, as it seeks to build the country's first mine and electrochemical conversion plant to produce battery-grade lithium to power electric vehicles. The Post's Gabriel Friedman writes that last year, Nemaska halted construction on its project in Quebec after a dispute with its bondholders and cost overruns created a $600-million funding shortfall. While Judge Gouin has stayed claims against Nemaska by creditors and others, it is clear that the company is struggling for survival amid declining lithium prices. Nemaska chief executive officer Guy Bourassa says he is hopeful that a new financing package could be arranged within six months. He says: "We're not working on a scenario of selling off assets. We're working on a scenario of financing our assets." Despite its problems, many investors remain bullish on the growth of electric vehicles. Indeed, there are 115 lithium ion battery megafactories proposed for construction by 2029 around the world, according to Benchmark Intelligence.