Stria Announces its Summer Exploration Drilling Program and Further Development of its Proprietary Processing Technologies
27 June 2014 - 3:00AM
Marketwired
Stria Announces its Summer Exploration Drilling Program and Further
Development of its Proprietary Processing Technologies
OTTAWA, ONTARIO--(Marketwired - Jun 26, 2014) - Stria Lithium
Inc. (TXS VENTURE:SRA) ("Stria" or the "Company") is pleased to
report the commencement of its summer 2014 exploration drilling
program at its Willcox brine lithium project in southeast
Arizona.
Stria is the sole owner of the Willcox brine property and the
Pontax spodumene lithium project located in the James Bay region of
Northern Quebec. The Company is developing two distinct,
environmentally sustainable processing technologies for both
projects.
The purpose of the 2014 Willcox drilling program is to confirm
historic exploration results and to test groundwater samples for
use in Stria's proprietary membrane processing technologies now
under development. This technology will allow Stria to recover
lithium from brine type deposits without the need of large scale
evaporation ponds and their associated environmental impacts.
On May 20, 2014, the company announced the successful completion
of its Phase 1 "proof of principle" development of a novel, hard
rock ore-to-lithium metal process for application at its Pontax
spodumene project in Quebec.
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 President and Chief Operating Officer Julien Davy said the
company's ultimate goal is to produce high-purity (99.999%) lithium
metal or other lithium compounds that meet the needs of battery
manufacturers for an environmentally sustainable supply option that
dramatically reduces costs. "Any lithium process that significantly
reduces production costs will help changing the battery market,"
said Mr. Davy.
"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 Mr. 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," Mr. Davy
said.
He said Phase 2 development, now underway, is intended to
optimize recoveries and reaction kinetics, and finalize the
downstream process steps. "These metallurgical steps are known in
the mining industry. 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," Mr. Davy said.
In the meantime, this step will generate data to be applied in
the company's next step, the construction of a bench scale pilot
plant.
The Company's intent 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.
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.
Stria Lithium Inc.Mr. Julien DavyPresident and
COOjdavy@strialithium.com
Stria Lithium (TSXV:SRA)
Historical Stock Chart
From Oct 2024 to Nov 2024
Stria Lithium (TSXV:SRA)
Historical Stock Chart
From Nov 2023 to Nov 2024
