Stria Unveils Cost-Cutting Lithium Processing Technologies for Its
Pontax and Wilcox Lithium Projects
OTTAWA, ONTARIO--(Marketwired - Jan 14, 2014) - Stria Capital
Inc. (TSX-VENTURE:SRA) ("Stria") owner of the Pontax Lithium and
Wilcox Lithium Projects, (see news release dated January 6, 2014
available at www.sedar.com), in Canada and the United States,
announced today its plans to introduce proprietary on-site
processing technologies that produce high purity lithium chloride
directly from spodumene ore on an environmentally sustainable,
cost-reduced basis.
Stria's proprietary processing technologies were developed by
Mr. David Johnson, a co-founder and Director of ALCERECO Inc., a
Kingston, Ontario-based advanced materials services company that
provides specialty processing capabilities to companies innovating
in new and existing markets.
"A simpler, more efficient recovery of lithium and lithium
compounds from spodumene ore at the source leads to a competitive
advantage in business terms," said Gary Economo, Stria's President
and Chief Executive Officer.
Mr. Economo said the potential benefits of the technologies is
that they require less controls; less chemistry via the recycling
of chemicals; require less energy due to energy recycling; reduce
capital costs from the construction of smaller, compact processing
facilities, and; the combination of a simple process and compact
design enable easy automation.
"Powering the green revolution from technologies that bring high
purity lithium products to market on a cost-competitive basis with
lithium brine precipitation producers is critical to our long-term
success in the lithium sector," said Mr. Economo.
"We see technology innovation as the key that unlocks the door
for Stria to move into an established global market in tandem with
green technology manufacturers seeking low-cost, high-quality
lithium chloride, lithium carbonate and lithium hydroxide sourcing
options," Mr. Economo added.
(1) The acquisition by Stria of Pueblo Lithium LLC from the
Vendor is subject to various terms and conditions set forth in the
Agreement, including Board approvals and the receipt of requisite
TSX-V and other regulatory approvals. (Please refer to Stria's news
release dated December 23, 2013).
About Lithium
Lithium is considered a key, strategic material 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 batteries - especially from consuming nations
India and China - is expected to increase significantly as demand
for plug-in hybrid electric and all-electric vehicles grows.
Demand today for rechargeable lithium batteries already exceeds
that of rechargeable non-lithium batteries for use in cellphones,
cordless tools, MP3 players and portable computers and tablets,
according to the US Geological Survey.
Major automobile companies are scrambling to develop lithium
batteries for electric vehicles and hybrid-electric vehicles.
According to the U.S. Energy Department's Critical Materials
Strategy, in the medium term, Li-ion batteries may gain significant
market share, especially in hybrid-electric vehicles, as more
carmakers switch over from nickel-metal hydride batteries.
Lithium batteries could also be important to the successful
integration of renewable electricity technologies in the context of
Smart Grid development.
Non-rechargeable lithium batteries are used in calculators,
cameras, computers, electronic games, watches, and other
devices.
About ALCERECO Inc.
ALCERECO Inc. was formed by a group of partners with extensive
backgrounds in advanced materials, new product development and
commercialization. The company has connections to global value
chains for both supply and applications.
ALCERECO's combined experience includes management positions in
large chemicals and light metal companies, industrial research in
metal and mining technology, successful new product
commercialization, and designing and building new processing
facilities.
About Stria Capital Inc.
Stria recently commenced operations as a Tier 2 mining issuer.
Prior to the TSX approval on December 17, 2013 of the Company's
acquisition of the Pontax-Lithium property, in the James Bay region
of Quebec, as the Company's qualifying transaction, Stria had been
a Capital Pool Company.
Stria is engaged on the acquisition and development of clean
technology mineral properties in North America and includes the
Wilcox Lithium Project located in Cochise, Arizona.
Qualified Person: This news release has been reviewed and
approved by Mr. Julien Davy, P.Geo., M.Sc., MBA, Vice President of
Exploration for Stria and a Qualified Person under NI 43-101
guidelines.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Statement
This presentation contains "forward-looking information" within
the meaning of Canadian securities legislation. All information
contained herein that is not clearly historical in nature may
constitute forward-looking information. Generally, such
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: (i)
volatile stock price; (ii) the general global markets and economic
conditions; (iii) the possibility of write-downs and impairments;
(iv) the risk associated with exploration, development and
operations of mineral deposits; (v) the risk associated with
establishing title to mineral properties and assets; (vi)the risks
associated with entering into joint ventures; (vii) fluctuations in
commodity prices; (viii) the risks associated with uninsurable
risks arising during the course of exploration, development and
production; (ix) competition faced by the Company in securing
experienced personnel and financing; (x) access to adequate
infrastructure to support mining, processing, development and
exploration activities; (xi) the risks associated with changes in
the mining regulatory regime governing the Company ; (xii) the
risks associated with the various environmental regulations the
Company is subject to; (xiii) risks related to regulatory and
permitting delays; (xiv) risks related to potential conflicts of
interest; (xv) the reliance on key personnel; (xvi) liquidity
risks; (xvii) the risk of potential dilution through the issue of
common shares; (xviii) the Company does not anticipate declaring
dividends in the near term; (xix) the risk of litigation; and (xx)
risk management. Forward-looking information is based on
assumptions management believes to be reasonable at the time such
statements are made, including but not limited to, continued
exploration activities, no material adverse change in metal prices,
exploration and development plans proceeding in accordance with
plans and such plans achieving their stated expected outcomes,
receipt of required regulatory approvals, and such other
assumptions and factors as set out herein. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in the
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such forward-looking information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such forward-looking
information. Such forward-looking information has been provided for
the purpose of assisting investors in understanding the Company's
business, operations and exploration plans and may not be
appropriate for other purposes. Accordingly, readers should not
place undue reliance on forward-looking information.
Forward-looking information is made as of the date of this news
release, and the Company does not undertake to update such
forward-looking information except in accordance with applicable
securities laws.
Stria Capital Inc.Mr. Gary EconomoPresident and CEO613-691-1091
ext 101geconomo@striacapital.com
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