Stria Lithium Inc. closed a non-brokered private placement of 2,685,000 units at a price of CAD 0.225 per unit for gross proceeds of CAD 604,125 on November 7, 2022. Each unit shall be comprised of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one common share at an exercise price per common share of CAD 0.50 for a period of 24 months from the closing of the offering.

The transaction included participation from accredited investors including six placees. The company will pay no commissions or fees in connection with the transaction. The transaction is subject to certain conditions including, but not limited to, the receipt of final approval of the TSXV.

The units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue. The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement .