Stria Completes Proof of Principle Development of its Upstream Lithium Ore-to-Lithium Chloride Production Process
May 20 2014 - 10:29AM
Marketwired
Stria Completes Proof of Principle Development of its Upstream
Lithium Ore-to-Lithium Chloride Production Process
OTTAWA, ONTARIO--(Marketwired - May 20, 2014) - Stria Lithium
Inc., (TSX-VENTURE:SRA) ("Stria" or the "Company") is pleased to
announce the successful completion of its Phase 1 "proof of
principle" development of a novel hard rock ore-to-lithium chloride
process.
Stria owns the Pontax spodumene and Willcox brine lithium
properties in the James Bay region of Northern Quebec and
southeastern Arizona, respectively.
On January 14, 2014, Stria announced its plans to introduce
proprietary, on-site processing technologies that produce high
purity lithium chloride directly from spodumene ore on an
environmentally sustainable basis.
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.
"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 Chief Operating Officer 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," Mr. Davy said.
"The engineering data derived from Phase 2 examinations and
laboratory trials should form the bases for construction of a small
scale pilot plant," Mr. Davy added.
Stria has embarked on a strategic, technology-oriented business
path to develop a proprietary, upstream processing technology for
the Pontax resource, and; to further refine an existing, proven
brine processing technology for the Willcox project.
With Phase 1 mineralogical and metallurgical testing program now
validated, Stria will embark on follow-up exploration programs at
its 100% owned Pontax and Willcox properties in tandem with pilot
plant testing.
The Company's aim is to position itself as a new, green
technology source of technology lithium, an irreplaceable component
for current and next-generation batteries.
Lithium metals today represent about 30% of global lithium
consumption. By 2025, it is estimated that global consumption from
the battery manufacturing sectors will account for some 65% of
total global consumption.
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. As announced in January 2014,
Stria is developing proprietary, in-house processing technologies
for both projects with the purpose of reducing 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
Neither 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 adequacy or
accuracy of this release.
Stria Lithium Inc.Mr. Julien DavyPresident and Chief Operating
Officerjdavy@strialithium.com
Stria Lithium (TSXV:SRA)
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