Stria Capital changes its name to Stria Lithium
6th May 2014, 1:55 pm by Deborah Bacal
The name change will become effective on the TSX Venture Exchange in the coming days, Stria said, and the company will continue to trade on the exchange under the symbol 'SRA'. The name change will become effective on the TSX Venture Exchange in the coming days, Stria said, and the company will continue to trade on the exchange under the symbol "SRA".
Stria Capital (CVE:SRA) will now be known as Stria Lithium as the company has changed its name following shareholder approval at a meeting in late April.
The name change will become effective on the TSX Venture Exchange in the coming days, Stria said, and the company will continue to trade on the exchange under the symbol "SRA".
President and COO Julien Davy said the move reflects a "truer description" of the corporation's core business activities.
"Stria Lithium is a lithium exploration and development company positioning itself to reap the competitive benefits from upstream process technologies we are currently developing," he said in a statement released late Monday.
"Our aim is to dramatically reduce future production costs for both our spodumene and brine projects."
In January, the company announced plans to introduce proprietary, on-site processing technologies that produce high purity lithium chloride directly from spodumene ore and from brine, in an environmentally sustainable way.
The technologies would require less controls and less energy, as well as lower capital costs from the construction of smaller, compact processing facilities. In addition, the company said the combination of a simple process and compact design enable easy automation.
"With the anticipated robust growth in demand for lithium metals from both the lithium ion battery manufacturing sector and from utilities looking to increase energy storage capacities, our technologies hold the potential to meet two core business goals, namely, reducing costs to end-users while maximizing profits for Stria Lithium and its stakeholders," said Davy.
The company owns the Pontax lithium spodumene asset in northern Quebec and the Willcox lithium brine property in southeastern Arizona.
Register here to be notified of future Stria Lithium articles.
RSS Get up close and personal with and Memex Automation in Calgary on June 03. Register here »
