(via TheNewswire)
Under the first option, Cygnus Metals (ASX:CY5) can acquire a 51% undivided interest in Pontax Central by incurring exploration expenditures in the amount of
As a demonstration of the co-operation between
A total of 9,129,825 shares have been issued to Stria at a deemed price of
Cygnus has claimed they continue to be on track to release a Maiden Mineral Resource (JORC) for Pontax Central late July or early
About
Lithium is a rare metal and an indispensable component of rechargeable lithium-ion batteries, one of the safest and most efficient energy storage technologies available today, used in everything from cell phones and power tools to electric cars and industrial-scale energy storage for renewable power sources such as wind and solar generation.
Stria’s CentralPontax
Stria has entered into a JV agreement with Cygnus Metals (ASX:CY5) on its Pontax Central project. Cygnus Metals is committed to fully funding and managing the current two-stage exploration and drilling program to a maximum of
Stria’s other significant project,Pontax IIcovers 55 square kilometres, approximately 25 kilometres to the west-south-west of Pontax Central and is located adjacent to the Billy-Diamond paved highway. Stria has added to this project by recently acquiring24 claims, for 1276.5 hectares that are strategically located northeast of Stria’s Pontax II claims.
Pontax II claims are in highly active prospective zones, situated to the west southwest of Stria/Cygnus lithium discovery and situated to the west of the Patriot Battery Metals (PMET.V) Pontax project, and south of Brunswick Exploration (BRW.V).
Stria’s Pontax properties are both situated close to an industrial powerline and a major paved highway, about 310 km north of the North American rail network that leads to the industrial heartland.
As momentum builds for the green energy revolution and the shift to electric vehicles, governments in
Stria is committed to exceeding the industry’s environmental, social and governance standards. A critical part of that commitment is forging meaningful, enduring and mutually beneficial relationships with the James Bay Cree Nation (Eeyouch), and engagingopenly and respectfully as neighbours and collaborators in this exciting project that has the potential to create lasting jobs and prosperity for Eeyou Istchee and its people.
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dhanisch@strialithium.com
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Investors Relations,
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