Stria Lithium Inc. ($SRA) is excited to announce an update regarding its non-brokered private placement financing. As per the release on February 13, 2026, the company has repriced the terms for gross proceeds of up to $1,000,000, pending acceptance by the TSX Venture Exchange (TSXV).
The company plans to issue up to 2,127,659 units at a price of $0.47 per unit, aiming for an aggregate gross amount of $1,000,000. Each unit will come with a warrant that allows the holder to purchase one additional common share at an exercise price of $0.59 per share, valid for three years from the issuance date.
The funds raised from this financing will be allocated towards advancing the Company’s mineral exploration assets and operations, potential acquisitions, and general working capital.
Some insiders of the Company may participate in the financing, which will be considered a related party transaction under Multilateral Instrument 61-101. However, the Company anticipates exemption from the formal valuation and minority shareholder approval requirements due to the expected value of the securities issued not exceeding 25% of the Company's market capitalization.
Finders' fees might be applicable in accordance with TSXV policies. All securities issued under this financing will be subject to a statutory hold period of four months and one day from the date of issuance, in compliance with applicable securities laws and TSXV policies.
The completion of the financing is still subject to TSXV acceptance.
Stria Lithium is an emerging resource exploration entity focused on developing Canadian lithium reserves to satisfy the growing demand for electric vehicles and their lithium-ion batteries. The Company is dedicated to responsible and efficient exploration and development of its mining assets.
Stria's Central Pontax Lithium Project spans 36 square kilometers, featuring an 8 km strike along the Chambois Greenstone Belt, situated in the Canadian 'Lithium Triangle,' one of the few known hard rock lithium sources in North America. The recent maiden JORC-compliant inferred mineral resource estimate of 10.1Mt at 1.04% Li2O from the central area of the mineralization underscores the significance of the Pontax Central Project within the James Bay lithium region.
Cygnus Metals, an ASX issuer, is committed to funding and managing a two-stage exploration and drilling program at Stria's Pontax property, with a budget of up to $10 million and a cash payment of up to $6 million to Stria. In exchange, Cygnus may acquire up to a 70% interest in the property and has successfully earned a 51% stake after fulfilling its stage 1 commitments.
As the green energy movement accelerates alongside the transition to electric vehicles, both the Canadian and U.S. governments are vigorously backing the North American lithium industry, presenting substantial growth opportunities for stakeholders in the coming decade.
Stria is also committed to surpassing industry standards in environmental, social, and governance practices, prioritizing sustainable relationships with local communities and stakeholders, thus fostering collaboration that promises to generate lasting jobs and economic benefits.
The scientific and technical content in this announcement was reviewed and approved by Réjean Girard, P.Geo, president of IOS Services Geoscientifiques Inc., a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For more information about Stria Lithium and the Pontax Lithium project, please visit strialithium.com or for an in-depth look at their financials, check Inside Ticker.