clearsudden
8 years ago
Stria Lithium Inc.
TSX VENTURE : SRA
OTCQX : SRCAF
Stria Lithium Inc.
September 02, 2016 10:06 ET
The Québec Government Awards Stria Lithium Inc. $114,400 in Grants for a Prefeasibility Study to Establish Its Planned Lithium Metal Processing Facility in Baie Comeau, Québec
OTTAWA, ONTARIO--(Marketwired - Sept. 2, 2016) - Stria Lithium Inc. (TSX VENTURE:SRA) (OTCQX:SRCAF) is pleased to announce it has been awarded a total of $114,400 in grants from the Government of Québec, Plan Nord, and from Innovation et Développement Manicouagan (CLD) Baie Comeau, to conduct a prefeasibility analysis for the production of lithium metal and lithium foil in Baie Comeau, Québec.
The grants were announced at a news conference held by the Hon. Pierre Arcand, Minister of Natural Resources and Minister Responsible for Plan Nord, and by Claude Martel, Mayor of Baie Comeau and Vice President of CLD.
Stria Lithium, the sole owner of the Pontax Lithium Project in the James Bay region of Northern Québec that is currently at the exploration stage. Stria also holds the proprietary technology, in-house process engineering and manufacturing expertise to produce high-value, in-demand lithium metal and lithium foil for an underserved North American market.
Working in the Province of Québec affords Stria access to low-cost supplies of electricity required for lithium metal processing and fabrication of end products used for the most part in the manufacture of primary lithium batteries, aluminum alloys for the aircraft industry and starter material for pharmaceutical and specialty chemical industries.
Baie Comeau is some 420 km northeast of Québec City on the north shore of the St. Lawrence River. Its deep water port provides easy access to both North American and European lithium metal markets.
The Government of Québec has provided a grant of $74,400 to finance the pre-feasibility study divided equally between the Ministry of Economics, Science and Innovation and the Société du Plan Nord while Innovation et Développement Manicouagan (CLD) Baie Comeau is contributing $40,000.
Stria has committed $50,000 in in-kind contributions to the project.
The purpose of the prefeasibility study is to determine the viability of Stria's planned production facility before moving to a full feasibility analysis prior to construction. Stria anticipates completion of the initial analysis within 3 months.
Key deliverables of the study are to verify the principal assumptions for Stria's comprehensive business plan. These include verification of prevailing and future markets, confirmation of the technology and operating risks. Consolidation of site requirements including required permits, environmental considerations, staffing and capital and operating costs.
Minister Arcand said the prefeasibility study was a first step that might lead to a total investment of $20 million in Baie Comeau and lead to the creation of some 30 direct jobs.
He said the Stria technology and manufacturing project dovetailed with Plan Nord's development objectives in terms of business diversification in the Northern Québec region.
"The pre-feasibility study that will lead Stria Lithium into this region meets one of the (government's) objectives for Plan Nord 2035," said Minister Arcand. "And that is to support promising projects with a view to the diversification through enhanced mineral processing, in particular, minerals such as diamond, apatite, ilmenite, lithium, graphite and rare earths. "
Stria Lithium Chief Executive Officer Gary Economo said his company sees a strategic value in commissioning its lithium production facility in Québec.
"As the world moves to a low carbon economy, securing a competitive business advantage is critical to a manufacturer's success in both today's and tomorrow's clean technology markets," said Mr. Economo.
"We see our commercial advantages through a lens that incorporates environmental sustainability with unique technologies from the production floor to the end-user - a prerequisite for acceptance everywhere in the world today," he added.
Stria President and Chief Operating Officer Dr. Iain Todd praised the commitments by Québec authorities for sharing Stria's technology vision.
"Stria is truly unique in the lithium sector," said Dr. Todd. "While we continue exploration of our James Bay project, we anticipate being in a revenue-positive position within the next 24 months.
"From an operating perspective, one of the key cost components to production of lithium metal is the price of energy. The availability of low cost electricity in the Baie Comeau region, offers Stria a significant market advantage in the manufacturing of lithium metal by electrolysis," said Dr. Todd.
About Stria Lithium Inc.
Stria Lithium Inc. (TSX VENTURE:SRA) (OTCQX:SRCAF) is a Canadian junior mining exploration company with an expanding technology focus. It is also the sole owner of the Pontax spodumene lithium property in Northern Quebec. Stria's mission is to be a reliable, profitable global source for both lithium metal and lithium compound products and process technologies.
Stria's expanded business focus is on the application of in-house developed technologies and processes that lead to the production lithium metal and lithium metal foil.
Stria Lithium Inc. is part of the 2GL Platform, a green energy technology alliance with Grafoid Inc., Focus Graphite Inc., and Braille Battery Inc.
Forward-Looking Statement
This news release may contain forward-looking statements, being statements that are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this release
CONTACT INFORMATION
Stria Lithium Inc.
Iain Todd
President and COO
(613) 702-0789
clearsudden
10 years ago
Stria Lithium Updates Its Novel, Environmentally Sustainable Lithium Processing Technologies
OTTAWA, ONTARIO--(Marketwired - Jan. 19, 2015) - Stria Lithium Inc. (TXS VENTURE:SRA) ("Stria" or the "Company") is pleased to report the following update on its proprietary, environmentally sustainable lithium ore processing technologies and the extension of its non-brokered private placement until February 2nd.
Market Outlook
The Energy Storage sector is growing substantially faster than the Electrical Vehicle (EV) battery sector. According to Industrial Minerals, a reliable global source of mineral data, commercial energy storage applications using lithium-ion phosphate batteries has become a multi-billion industry.
Industrial scale energy storage for regional energy storage installations in California, Hawaii and Bolivia, complement the corporate electrical storage requirements of EV pioneer Tesla, for example, for use in its trans-American charging network.
While lithium markets have held their price values in a soft commodities market during the last 18 months, lithium juniors face other challenges in securing a toehold into the lithium space.
In his year-end 2014 market outlook, analyst Chris Berry stated:
"Lithium production is an oligopoly. Despite the strong growth rates in lithium demand (estimated at 8% per year), oligopolies do not welcome competition and therefore if you're a company aspiring to join the ranks of producers, you need some sort of a competitive advantage or strategic relationship which allows you the possibility of achieving the lowest cost of production. The growth rate in demand is key."
Stria Lithium's business advantage is built through its strategic clean energy alliance with Focus Graphite Inc., and Grafoid Inc.
Industrial Minerals, reported that despite real or perceived barriers, "… new sources of raw material are likely to be needed to prevent price inflation as demand from the battery sector grows."
Mineral markets expert Simon Moores, in his January 15, 2015 commentary in Benchmark Notes, admonishes investors to consider the impact rapid growth in lithium demand had on the smartphone industry:
"The smartphone uptake took the battery supply chain by surprise. Such was its unprecedented nature, leading lithium suppliers of the key battery raw material continually underestimated the speed of growth in demand which ranged from 8-12% each year in that period. Lithium saw a supply squeeze and its price spike three-fold between 2004 and 2009 as a result.
And with EVs and utilities, the batteries are bigger… much bigger. For supply chain disruption, EV sales would not need to be in the billions or millions, global annual sales of over 200,000 would force significant change."
Stria's novel technology, is designed to produce low-cost and high purity lithium directly from spodumene lithium ore.
Stria is currently at the design stage of its pilot plant and has engaged an external, third party engineering firm to validate and audit its proprietary process. The pilot plant will be designed to produce up to 140 kg per month of lithium compound over a minimum six months with the aim of providing potential customers with sufficient 99.99% purity materials for validating process economics and product quality.
Non-Brokered Private Placement
The Company is pleased to announce its private placement offering of non flow-through and flow-through units will remain open until February 2nd, 2015.
On October 30, 2014, Stria Lithium announced the close of its first tranche of a non-brokered private placement offering of up to $1,000,000.
The total private placement consisted of the sale of up to 2,666,667 non flow-through units (the "Units") at a price of $0.15 per Unit for gross proceeds of $400,000 and up to 3,157,895 flow-through units (the "Flow-Through Units") at a price of $0.19 per Flow-Through Unit for proceeds of up to $600,000.
Each Unit consists of one (1) common share of the Company and one (1) warrant (a "Warrant"). Each Flow-Through Unit consists of one (1) flow-through common share of the Company and one (1) Warrant. Each Warrant entitles the holder to acquire one (1) additional common share of the Company at a price of $0.35 for a period of 24 months from closing.
The closing of the first tranche of the non flow-through portion of the Offering realized gross proceeds of $26,650.05 from the issue of 177,667 Units. The closing of the first tranche of the flow-through portion of the Offering realized proceeds of $154,770.20 from the issue of 814,580 Flow-Through Units.
About Stria Lithium Inc.
Stria Lithium (TSX VENTURE:SRA) owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in southeastern Arizona, that are currently at the exploration stage. They host no mineral resources or reserves.
As announced in January 2014, Stria's core business is the development of proprietary, in-house processing technologies. Stria's technologies, based on recovering lithium metal directly from ore and from brine liquids, will be more efficient, will require fewer controls, less chemistry and require less energy from compact facilities designed to enable easy automation.
Qualified Person: This news release has been reviewed and approved by Mr. Julien Davy, P.Geo., M.Sc., MBA, President and COO of Stria and a Qualified Person under NI 43-101 Guidelines.
Forward Looking Statement - Disclaimer
This news release may contain forward-looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.
Contact Information
Stria Lithium Inc.
Mr. Julien Davy
President and COO
jdavy@strialithium.com
clearsudden
10 years ago
Stria Lithium Year End Update
Private Placement Financing to Remain Open Until December 29, 2014
http://www.marketwatch.com/story/stria-lithium-year-end-update-includes-start-of-pilot-plant-design-for-its-novel-environmentally-sustainable-lithium-processing-technologies-2014-12-09-17173255?reflink=MW_news_stmp
OTTAWA, ONTARIO, Dec 09, 2014 (Marketwired via COMTEX) -- Stria Lithium Inc. (txs venture:SRA) ("Stria" or the "Company") is pleased to announce that following the completion of positive bench scale testing of its proprietary, environmentally sustainable lithium ore processing technologies, the Company has moved into the design stage for its limited production pilot plant.
Company President and Chief Operating Officer Julien Davy said the pilot plant will be designed to produce up to 140 kg per month of lithium compound over a six month period, commencing in early 2015, with the aim of providing potential customers with sufficient 99.99% purity materials for validating process economics and product quality.
Mr. Davy said the pilot plant will be constructed at the Grafoid Global Technology Centre in Kingston, Ontario.
"As a key member of the Grafoid, Focus Graphite battery materials development business platform, Stria completes a potential North American supply solution to both domestic and international battery manufacturers," Mr. Davy said.
"And, as a mineral mining and technology supplier group, our battery platform is unique in the world," he added.
Stria Lithium's business strategy is based upon meeting three key milestones for success. They are: time to market; meeting universal standards for environmental sustainability, and; setting market prices for lithium concentrates.
Stria targets clean energy customers in the automotive, industrial, medical, motorsports, marine, military, avionics and energy storage battery system sectors - the prime movers of demand for the foreseeable future.
With management backgrounds in geological sciences, business development and process engineering, Stria is the sole proprietor of two exploration properties intended to feed its pilot plant development with raw material - the Pontax hard-rock lithium project in Northern Quebec and the Willcox brine lithium project in southeastern Arizona.
Canadian Government Participation
Mr. Davy said the Company's development advances in producing low-cost, high-purity Li-metal, Li-carbonate and Li-hydroxide products were made possible, in part, by a $137,700 funding commitment from the National Research Council's Industrial Research Assistance Program ("IRAP").
The National Research Council's Industrial Research Assistance Program (NRC-IRAP) is Canada's premier innovation assistance program for small and medium-sized enterprises (SMEs). It is a vital component of the NRC and a cornerstone in Canada's innovation system, regarded worldwide as one of the best programs of its kind.
Under the terms of financial commitment announced on November 12, 2014, IRAP will reimburse Stria for salaries paid to scientists and technical staff and for expenses directly related to process development.
Non-Brokered Private Placement
The Company is pleased to announce its private placement offering of non flow-through and flow-through units will remain open until December 29, 2014.
On October 30, 2014, Stria Lithium announced the close of its first tranche of a non-brokered private placement offering of up to $1,000,000.
The total private placement consisted of the sale of up to 2,666,667 non flow-through units (the "Units") at a price of $0.15 per Unit for gross proceeds of $400,000 and up to 3,157,895 flow-through units (the "Flow-Through Units") at a price of $0.19 per Flow-Through Unit for proceeds of up to $600,000.
Each Unit consists of one (1) common share of the Company and one (1) warrant (a "Warrant"). Each Flow-Through Unit consists of one (1) flow-through common share of the Company and one (1) Warrant. Each Warrant entitles the holder to acquire one (1) additional common share of the Company at a price of $0.35 for a period of 24 months from closing.
The closing of the first tranche of the non flow-through portion of the Offering realized gross proceeds of $26,650.05 from the issue of 177,667 Units. The closing of the first tranche of the flow-through portion of the Offering realized proceeds of $154,770.20 from the issue of 814,580 Flow-Through Units.
About Stria Lithium Inc.
Stria Lithium (SRA) owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in southeastern Arizona. As announced in January 2014, Stria is developing proprietary, in-house processing technologies for both projects with the purpose of reducing processing costs on an environmentally sustainable basis.
Stria's technologies, based on recovering lithium metal directly from ore and from brine liquids, will be more efficient, will require fewer controls, less chemistry and require less energy from compact facilities designed to enable easy automation.
Forward Looking Statement - Disclaimer
This news release may contain forward-looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.
Contacts:
Stria Lithium Inc.
Mr. Julien Davy
President and COO
613-241-4040
jdavy@strialithium.com
SOURCE: Stria Lithium Inc.
(C) 2014 Marketwire L.P. All rights reserved.
clearsudden
10 years ago
Mines & Money London 2014 Focus-Grafoid-Stria Exhibiting Dec 1-5
http://www.minesandmoney.com/london/
Mines and Money London is Europe’s leading mining investment and capital raising conference and exhibition, bringing together over 3,000 investors, financiers, brokers and mining developers, for up to five days of business matching, knowledge sharing and deal-making.
You’ll connect with over 200 mining companies, some of the world’s largest natural resources fund managers, and see a packed programme of 200 mining investment leaders presenting keynotes, market analysis, company presentations, panels and workshops. Mines and Money London is designed to reinvigorate the industry, with fresh investment and capital raising ideas and opportunities for the industry.
Mines and Money London delivers:
Europe's largest mining investment and deal-making forum, connecting miners with money and investors with opportunity
Market insight and perspective with the world's leading investors and mining entrepreneurs
A comprehensive showcase of investment opportunities and direct access to senior executives of over 200 mining companies
Analysis of major and emerging capital sources for funding the next generation of mining projects
The largest gathering of mining-focused investors and financiers in Europe
100 spotlight presentations from mining companies over four days
A global event with 3,000 attendees from over 75 countries
Unrivalled networking and deal-making opportunities with one-to-one meetings, daily social events, lunchtime roundtable discussions, an online meeting planner plus the prestigious Mining Journal Outstanding Achievement Awards Dinner
Whats new in 2014?:
More institutional investors, boutique fund managers and private equity players than ever before!
Ministers Summit, giving you the chance to network with key government policy makers from around the world
Greater focus on new emerging markets including Africa and Latin America
Mining for good summit, sharing positive stories from the mining industry
Special pricing packages for mining companies and a new 'All Access Pass'
Plus more inside the programme and to be announced soon!
clearsudden
10 years ago
Stria Lithium Announces Funding Commitment from the Government of Canada
TSX VENTURE : SRA
http://www.marketwired.com/press-release/-1967250.htm
Stria Lithium Inc.
November 12, 2014 10:11 ET
Stria Lithium Announces Funding Commitment from the Government of Canada
Innovation Funding Commitment to assist in the Company's Development of Novel, Environmentally Sustainable Lithium Processing Technologies
OTTAWA, ONTARIO--(Marketwired - Nov. 12, 2014) - Stria Lithium Inc. (TSX VENTURE:SRA) ("Stria" or the "Company") is pleased to announce that it has received a funding commitment of up to $137,700 from the Government of Canada through the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) in support of the Company's continuing development of novel lithium processing technologies aimed at producing low-cost, very high purity lithium products.
Stria Lithium is advancing development of proprietary spodumene mineralization to lithium concentrate processing technologies capable of producing a low cost high-grade Li-metal, Li-carbonate and Li-hydroxide products.
On October 17, 2014, the Company announced it had completed a dense media separation study ("DMS") with SGS Canada Ltd., demonstrating the mineralogical quality and viability for purification of spodumene mineralization from its 100% owned Pontax Lithium Project, Northern Quebec.
The mineralization will be used to feed Stria's pilot plant located in Kingston, Ontario, scheduled for startup in early 2015.
Stria President and Chief Operating Officer Julien Davy said: "The federal government's commitment of financial support bodes well for us in meeting our planned future production milestones, beginning with our pilot plant in Kingston. We are extremely grateful for NRC-IRAP's business and technical advisory services, along with financial support, at this time in our process development."
"Battery manufacturers are looking to the resource sector to find innovative solutions to lower production costs.
"Our decision to build our business on the development of new, proprietary processing technologies has attracted industry attention," Mr. Davy added. "We believe our technologies hold the prospect of resolving not only cost and purity issues, but also, an industry imperative to do so on an environmentally sustainable basis."
Stria's aim is to license its potential technologies to electric vehicle and large-scale industrial energy storage battery manufacturers.
"Being able to 'walk the talk,' environmentally speaking," Mr. Davy said, "is critical to our future success in the lithium industry."
About Stria Lithium Inc.
Stria Lithium (TSX VENTURE:SRA) is a Mining Technology company that owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in southeastern Arizona. As announced in January 2014, Stria is developing proprietary, in-house processing technologies for both projects with the purpose of reducing processing costs on an environmentally sustainable basis.
Stria's technologies, based on recovering lithium metal directly from mineralization and from brine liquids, will be more efficient, will require fewer controls, less chemistry and require less energy from compact facilities designed to enable easy automation.
Forward Looking Statement - Disclaimer
This news release may contain forward-looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.
Contact Information
Stria Lithium Inc.
Mr. Julien Davy
President and COO
jdavy@strialithium.com
clearsudden
10 years ago
tria Lithium starts summer program at Willcox to help with development of new brine processing technology
26th Jun 2014, 2:03 pm by Deborah Bacal
The Willcox technology will allow Stria to recover lithium from brine type deposits without the need for large scale evaporation ponds and their associated environmental impacts. The Willcox technology will allow Stria to recover lithium from brine type deposits without the need for large scale evaporation ponds and their associated environmental impacts.
Stria Lithium (CVE:SRA), which is developing a proprietary processing technology to get lithium chloride from hard rock ore, has begun its summer exploration program at its Willcox brine lithium project in southeast Arizona, the company said Thursday.
The main goal of the 2014 program is to confirm historic exploration results and to test groundwater samples for use in Stria's processing technologies now under development.
The Willcox lithium brine property, which is exploration stage and contains no compliant resources, is being used to test and validate Stria's methods to further refine an existing brine processing technology.
The company will be doing this alongside its development of an upstream processing technology for its Pontax lithium resource in the James Bay area of Quebec. Stria Lithium acquired the Quebec asset in December 2013.
The distinct technologies for both Willcox and Pontax will be environmentally sustainable, the company said. Indeed, the Willcox technology will allow Stria to recover lithium from brine type deposits without the need for large scale evaporation ponds and their associated environmental impacts.
Last month, the company's stock hit a new annual high of 20 cents after announcing that it had successfully completed the phase 1 development process for its hard rock ore-to-lithium metal process for application at its Pontax project.
Phase 2 of the process will involve driving further efficiencies and optimization for the steps just completed, as well as collecting more data to gain a better understanding of what equipment to order for the pilot plant.
The lithium process uses fewer chemicals and controls as well as reduced energy, meaning it will cost less money to recover lithium.
"Completion of our Phase 1 spodumene process investigation was by far the most difficult part of development. Now all our efforts will be devoted to the testing stages," said COO Julien Davy.
"Unlike the Willcox brine process which builds upon existing and proven technologies, our proprietary, hard rock process is being developed in house and is unique to Stria Lithium."
Stria's eventual goal is to produce high purity lithium metal or other lithium compounds that meet the needs of battery manufacturers while also dramatically reducing costs and environmental effects.
"Any lithium process that significantly reduces production costs will help changing the battery market," said Davy.
"Now with Phase 1 in hand, we can move towards the final steps in our process to recover a high-purity product in a sustainable way as we recycle as much as possible the process chemicals."
By 2025, it is estimated that global consumption from the battery manufacturing sectors for lithium will account for some 65% of total global consumption. Lithium is used, in greater quantities, in batteries for electric vehicles, with an anticipated uptick in demand for plug-in hybrid electric and all-electric cars expected to increase the call for lithium significantly.
clearsudden
10 years ago
Stria Validates Its Pontax Lithium Mineralization as Feedstock for a Novel, Low-Cost, Environmentally Sustainable Chlorination-based Pilot Plant Process
http://www.marketwatch.com/story/stria-validates-its-pontax-lithium-mineralization-as-feedstock-for-a-novel-low-cost-environmentally-sustainable-chlorination-based-pilot-plant-process-2014-10-20-91733651
Published: Oct 20, 2014 9:36 a.m. ET
OTTAWA, ONTARIO, Oct 20, 2014 (Marketwired via COMTEX) -- Stria Lithium Inc. (SRA) ("Stria" or the "Company") is pleased to report the completion of a dense media separation study ("DMS") demonstrating the mineralogical quality of spodumene mineralization from its wholly-owned Pontax Lithium Project in the James Bay Region of Northern Quebec.
The mineralization will be used to feed Stria's pilot plant using novel technologies for purification purposes. Pilot plant operations are scheduled for early 2015.
In April 2014, Stria conducted a surface sampling program at its Pontax property to collect 100kg of spodumene mineralization. The aim of the program was to demonstrate the mineralization was amenable to conventional processing techniques and; to validate that spodumene concentrate could be used with conventional DMS or gravity separation techniques to feed the proposed pilot plant.
Mineralogical and metallurgical testing was undertaken by SGS Canada at their Lakefield, Ontario facilities. It included sample preparation, head sample analysis, mineralogical analysis, heavy liquid separation ("HLS") tests and the grindability characterization. Upon completion of the gravity separation tests, dense media separation and magnetic separation were conducted to improve the grade and recovery of the spodumene.
SGS reported that conventional HLS processes indicated the Pontax mineralization can generate an initial spodumene concentrate recovery of 53.9% Li grading at 6.03% Li2O. With fine portions added, the total spodumene concentrate is capable of achieving 94.9% Li purity.
Work continues at SGS using a small parallel flotation circuit to upgrade the middlings and to improve overall recoveries and lithium purity. HLS testing also demonstrated it was possible to reject 61% of the original mass as mainly silicate gangue with a resulting Li loss of only 5.1% of that mass.
"We are very pleased with these metallurgical test results," said Stria President and Chief Operating Officer Julien Davy. "They confirm our Pontax spodumene mineralization is a viable feedstock for a planned 2015 pilot plant.
"Our next milestone will be to demonstrate our proprietary technologies - as we designed them - are capable of producing high grade Li-metal, Li-carbonate or Li-hydroxide products with significant economies realized within a low chemical consumption environment," said Mr. Davy.
"The greatest cost in producing lithium compounds and products are attached to processing and purification. Stria's business model holds a 'technology-first' bias aimed at building a disruptive, competitive advantage into both our spodumene and brine operations," Mr. Davy added.
About Stria Lithium Inc.
Stria Lithium (SRA) owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in southeastern Arizona. As announced in January 2014, Stria is developing proprietary, in-house processing technologies for both projects with the purpose of reducing processing costs on an environmentally sustainable basis.
Stria's technologies, based on recovering lithium metal directly from mineralization and from brine liquids, will be more efficient, will require fewer controls, less chemistry and require less energy from compact facilities designed to enable easy automation.
Qualified Person: This news release has been reviewed and approved by Mr. Julien Davy, P.Geo., M.Sc., MBA, President and COO of Stria and a Qualified Person under NI 43-101 Guidelines.
Forward Looking Statement - Disclaimer
This news release may contain forward-looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.
Contacts:
Stria Lithium Inc.
Mr. Julien Davy
President and COO
jdavy@strialithium.com
SOURCE: Stria Lithium Inc.
(C) 2014 Marketwire L.P. All rights reserved.
clearsudden
11 years ago
Our Story
Stria: A new source and a new process
for technology lithium
Stria is a new TSX Venture-listed junior exploration company focused on the emerging green energy revolution. The company’s principal asset is the Pontax-Lithium property, located in the James Bay territory of Northern Quebec.
Lithium is considered a key, strategic energy metal in the clean technology economy that is being fuelled by advances in electric vehicles, energy storage and electronics. The U.S. Department of Energy has identified lithium as a critical material whose demand is forecast to grow dramatically in the medium term, with rechargeable lithium batteries leading the way. Demand for lithium carbonate is forecast to exceed global supply by 2025 unless capacity is tripled beginning in 2015 (Source: Critical Materials Strategy – U.S. Department of Energy, 2010).
Along with Li-ion batteries for the electric vehicle (EV) market, lithium is also used in glass products, ceramics, lubricant greases, air conditioners and aluminum production. (Please click here for more information on lithium.). As more lithium shifts to the growing clean tech economy and supplies tighten, demand for lithium carbonate and other specialized lithium-based products is expected to rise, along with prices.
Sights set on global market
Stria, through a business plan combining strategic alliances and property acquisition, aims to be among an elite group of Canadian producers helping to drive the clean tech economy through the provision of a dependable supply of “home-grown” lithium carbonate — lithium resources are currently concentrated in South America and Asia — and through investigation of innovative mineral processing and purification technologies for primary lithium-spodumene ore.
For example, Stria plans to introduce proprietary on-site processing technologies that produce high purity lithium chloride directly from spodumene ore on an environmentally sustainable basis. (Please click here to view the news release announcing the new technologies). While in keeping with our green philosophy, this simpler, more efficient recovery method at the source offers the potential to bring high-purity lithium products to market on a cost-competitive basis with lithium brine producers.
For us, technology innovation is a key that can unlock the door and help move Stria into an established global market while helping to build a home-grown lithium industry. Our Pontax-Lithium property in Quebec is strategically located in the west-central James Bay territory, which is known for its lithium occurrences. The property, which Stria acquired from Khalkos Exploration Inc. in 2013, is host to a recently discovered swarm of a dozen spodumene-bearing pegmatite dikes, with grades comparable to other lithium projects currently under advanced exploration in the area. (Click here to view the NI-43-101 Technical Report (Girard,2013) on the Pontax-Lithium Property).
With several foreign nations already stockpiling materials critical to the emerging green technology economy, a reliable North American supply of high quality lithium-based products has never been more urgent. We believe Canada has a key role to play in the green tech economy, and Stria plans to be a part of it by carving out a niche for itself in the critical and strategic metals world.
Please click here for information on our strategy for the Pontax-Lithium property.
clearsudden
11 years ago
Stria Lithium wraps up phase 1 testing for proprietary processing technology
Tue 12:00 pm by Deborah Bacal
'With the proof of principle phase completed, we have commenced our Phase 2 optimization of kinetics and recovery testing of our spodumene ore-to-lithium chloride process.' "With the proof of principle phase completed, we have commenced our Phase 2 optimization of kinetics and recovery testing of our spodumene ore-to-lithium chloride process."
Stria Lithium (CVE:SRA) says it has successfully completed the phase 1 "proof of principle" development of a new process to convert hard rock ore to lithium chloride.
The news follows on from the company's announcement in January, when it said it planned to introduce proprietary, on-site processing technologies to produce high purity lithium chloride directly from spodumene ore on an environmentally sustainable basis.
The process also uses fewer chemicals and fewer controls as well as less energy, meaning it will cost less money to recover lithium.
"Stria is a technology lithium property developer with an eye to building a competitive advantage in an established global market by focusing on the introduction of cost-mitigating, upstream, environmentally sustainable processing capabilities," said Stria president and COO Julien Davy.
"With the proof of principle phase completed, we have commenced our Phase 2 optimization of kinetics and recovery testing of our spodumene ore-to-lithium chloride process.
"The engineering data derived from Phase 2 examinations and laboratory trials should form the bases for construction of a small scale pilot plant," Davy said.
One of the company's main goals is to develop a Canadian based lithium carbonate resource to address demand from the cleantech industry. In December 2013, Stria acquired the Pontax lithium property in Quebec, a key historical operation which transformed Stria into a miner rather than a mining investment firm.
Stria also owns the Willcox brine lithium properties in southeastern Arizona. The company's plan is to develop an upstream processing technology for the Pontax resource, and to further refine an existing brine processing technology for the Willcox project.
With Phase 1 mineralogical and metallurgical testing program now validated, Stria said it will embark on follow-up exploration programs at its properties in tandem with pilot plant testing.
By 2025, it is estimated that global consumption from the battery manufacturing sectors for lithium will account for some 65% of total global consumption.
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clearsudden
11 years ago
Stria Lithium open to acquisitions, armed with cost-effective processing technologies
7th May 2014, 3:02 pm by Deborah Bacal
The company's goal is to develop a Canadian based lithium carbonate resource to address demand from the cleantech industry. The company's goal is to develop a Canadian based lithium carbonate resource to address demand from the cleantech industry.
Stria Lithium (CVE:SRA), which just recently changed its name to better reflect its strategic direction, is open to more acquisitions after earlier this year purchasing the Willcox lithium project in Arizona, according to CEO Julien Davy, who spoke in an interview with Editor-in-Chief and Publisher of InvestorIntel interviews, Tracy Weslosky.
The company's goal is to develop a Canadian based lithium carbonate resource to address demand from the cleantech industry. In December 2013, Stria acquired the Pontax lithium property in Quebec, a key historical operation which transformed Stria into a miner rather than a mining investment firm.
Earlier this year, Stria also purchased the Willcox lithium project in Cochise, Arizona.
Exploration at both properties is due to start in 2014.
The company also has proprietary processes to develop lithium. In January, it announced plans to introduce two proprietary, on-site processing technologies that produce high purity lithium chloride directly from spodumene ore and from brine, in an environmentally sustainable way.
"They will use fewer chemicals, fewer controls, so it will cost less money to recover lithium," said Davy in the interview.
The chief executive also said that with its cost-effective process, it is definitely open to more acquisitions, as it will be able to acquire "very interesting properties."
"This is because Stria's cost-effective process goes a long way toward de-risking exploration by vastly reducing the cost and by being able to discriminate and choose the most promising deposits available for development," he said.
To view the interview, click here.
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clearsudden
11 years ago
Stria Capital changes its name to Stria Lithium
6th May 2014, 1:55 pm by Deborah Bacal
The name change will become effective on the TSX Venture Exchange in the coming days, Stria said, and the company will continue to trade on the exchange under the symbol 'SRA'. The name change will become effective on the TSX Venture Exchange in the coming days, Stria said, and the company will continue to trade on the exchange under the symbol "SRA".
Stria Capital (CVE:SRA) will now be known as Stria Lithium as the company has changed its name following shareholder approval at a meeting in late April.
The name change will become effective on the TSX Venture Exchange in the coming days, Stria said, and the company will continue to trade on the exchange under the symbol "SRA".
President and COO Julien Davy said the move reflects a "truer description" of the corporation's core business activities.
"Stria Lithium is a lithium exploration and development company positioning itself to reap the competitive benefits from upstream process technologies we are currently developing," he said in a statement released late Monday.
"Our aim is to dramatically reduce future production costs for both our spodumene and brine projects."
In January, the company announced plans to introduce proprietary, on-site processing technologies that produce high purity lithium chloride directly from spodumene ore and from brine, in an environmentally sustainable way.
The technologies would require less controls and less energy, as well as lower capital costs from the construction of smaller, compact processing facilities. In addition, the company said the combination of a simple process and compact design enable easy automation.
"With the anticipated robust growth in demand for lithium metals from both the lithium ion battery manufacturing sector and from utilities looking to increase energy storage capacities, our technologies hold the potential to meet two core business goals, namely, reducing costs to end-users while maximizing profits for Stria Lithium and its stakeholders," said Davy.
The company owns the Pontax lithium spodumene asset in northern Quebec and the Willcox lithium brine property in southeastern Arizona.
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