On February 25, 2026, Stria Lithium Inc. (TSXV: SRA) announced amendments to the terms of a previously announced non-brokered private placement. The financing initiative aims to raise up to $1 million, with specific details pending final approval from the TSX Venture Exchange (TSXV).

According to the latest arrangement, Stria Lithium will issue up to 2,127,659 units at a price of $0.47 per unit. Each unit consists of one common share and one warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.59 per share within three years following the closing of the offering. Proceeds from the financing will be allocated to mineral exploration, potential acquisitions, and general working capital.

Stria Lithium is an exploration company focused on developing lithium resources in Canada. Its Central Pontax Lithium Project is located in the James Bay region of Quebec, covering an area of 36 square kilometers. The project has a JORC-compliant inferred mineral resource estimate of 10.1 million tonnes at a grade of 1.04% Li2O.

The company has established a joint venture with Cygnus Metals, under which Cygnus has committed up to $10 million for exploration and has earned a 51% interest in the project. With the rapid development of the electric vehicle industry, the development of North American lithium resources is presenting new opportunities.

Stria Lithium stated that it will strictly adhere to environmental, social, and governance standards and actively collaborate with local communities. The completion of this private placement remains subject to TSXV review, and any securities issued will be subject to a hold period of four months and one day.