(TheNewswire)
Ottawa,ON – TheNewswire - November 11, 2022 – StriaLithium Inc. (TSXV:SRA) (OTC: SRCAF ) (" Stria " or the " Company ") announced today the grant of incentive stockoptions as compensation to its directors, officers and employees. Cygnus advised Stria that the initial-stageground mapping and sampling has been completed around the main outcropof the Pontax Project. Samplesare currently pending for analysis.
Optionsto purchase up to 530,000 Common Shares (" Shares ") of the Company havebeen granted at an exercise price of $0.35 per share. The optionsexpire on November 11, 2027. The 10,000m drill programwill focus on both resource definition and step out drilling over thenext six months. The initial focus of this first stage drill programmeis to target down dip and along strike extents of the known high gradePontax Central outcrop with existing known shallow, high gradeintercepts of up to 2.6% Li 2 O from only 19.4mdownho .
About Stria Lithium Inc.
Stria Lithium is a Canadian junior mineral explorationcompany with an expanding technology focus and has a 100% interest inthe Pontax spodumene lithium project in Northern Québec. Lithium is acritical metal in the universal fight against global warming. It is acore component of Lithium-ion batteries used for powering electricvehicles and for industrial scale energy storage. For more informationabout Stria Lithium and the Pontax Lithium project, please visithttp://strialithium.com.
For more information on Stria LithiumInc., please contact:
Judith T. Mazvihwa-MacLean
CFO, Stria Lithium Inc.
Jmazvihwa@grafoid.com
(613) 581-4040
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Forward Looking Statements
Except for statements of historical fact, this newsrelease contains certain "forward-looking information"within the meaning of applicable securities law. Forward-lookinginformation is frequently characterized by words such as"plan", "expect", "project","intend", "believe", "anticipate","estimate" and other similar words, or statements thatcertain events or conditions "may" or "will"occur. Although we believe that the expectations reflected in theforward-looking information are reasonable, there can be no assurancethat such expectations will prove to be correct. We cannot guaranteefuture results, performance or achievements. Consequently, there is norepresentation that the actual results achieved will be the same, inwhole or in part, as those set out in the forward-lookinginformation.
Forward-looking information is based on the opinionsand estimates of management at the date the statements are made andare subject to a variety of risks and uncertainties and other factorsthat could cause actual events or results to differ materially fromthose anticipated in the forward-looking information. Please refer tothe risk factors disclosed under our profile on SEDAR atwww.sedar.com. Readers are cautioned that this list of risk factorsshould not be construed as exhaustive.
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