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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