Stria Lithium Pushes Mt Henry Gold Royalty Acquisition Deadline to July 2026, Adds Capital Markets Expert Louis Doyle to Board

Extension of Completion Deadline and Agreement Update

Stria amended its investment agreement with Alicanto Minerals, extending the completion deadline for the acquisition of up to a 2% net smelter return (NSR) royalty on the Mt Henry Gold Project in Norseman, Western Australia, to July 28, 2026. Originally announced on April 8, 2026, this acquisition is central to Stria's planned transition from lithium exploration to a royalty and streaming investment issuer.

The company confirmed both parties remain committed to finalizing the transaction before the new deadline. Progress continues on technical reporting, regulatory documentation, and filing statements. Stria has submitted a listing application to the TSX Venture Exchange alongside draft filing statements and a technical report for review.

Deposit and Financial Terms

Following the investment agreement, Stria paid Alicanto a non-refundable deposit of A$1,000,000 (CAD$978,700). This deposit secures the cornerstone investment for Stria’s business transformation and will be credited toward the total A$5,000,000 cash consideration payable upon closing.

Both the agreement and deposit are contingent upon TSX Venture Exchange approval under Policy 5.2, reflecting the speculative nature of the transaction and the importance of regulatory clearances before the July 28, 2026 deadline.

Recent Drilling Highlights at Mt Henry Gold Project

On May 18, 2026, Alicanto Minerals (ASX:AQI) released assay results from its initial drilling program at Mt Henry, revealing thick sulphide-bearing banded iron formation mineralization beyond the current resource footprint. These results extend known mineralization at the Mt Henry and Selene deposits, supporting Stria’s strategic rationale for acquiring the royalty.

By securing a 2% NSR royalty, Stria gains exposure to potential future production and cash flow without direct exploration or development risks. The timing of these positive drilling results coincides with ongoing regulatory preparations for the acquisition.

Regulatory and Shareholder Approvals

The acquisition is subject to TSX Venture Exchange approval, shareholder consent via written resolution, and completion of required filings including a National Instrument 43-101-compliant technical report and listing statement on SEDAR+. Customary closing conditions also apply.

Stria expects these conditions to be fulfilled in the coming weeks and anticipates resuming trading shortly thereafter. The company cautions that completion is not guaranteed and trading in Stria’s securities remains highly speculative. The TSX Venture Exchange has not yet approved the acquisition or announcement content.

Transition to Arc Mineral Royalties Ltd.

Aligned with the business transformation, Stria obtained shareholder approval on June 9, 2026, to change its name to Arc Mineral Royalties Ltd. upon closing the acquisition. This rebranding reflects the shift from lithium exploration to a focus on mining royalties and streaming investments.

The name change signals the company’s new strategic direction to investors and market participants.

Investment Policy for Royalty and Streaming Portfolio

Stria’s board will implement an investment policy to guide its transition toward a diversified portfolio of mining royalties and streaming assets, primarily in precious metals. The policy aims to generate attractive risk-adjusted returns while preserving capital through diversification.

Initial focus will be on gold and other precious metals, with permissible investments including royalties, streams, equity, debt, joint ventures, and other structures evaluated for long-term value. The company plans to reinvest cash flows to support portfolio growth and does not anticipate paying dividends during early development.

Louis Doyle Joins as Independent Director

Louis Doyle joins Stria’s board as an independent director, bringing over 30 years of capital markets expertise. He served as Executive Director of Québec Bourse from 2016 to 2022 and was Vice-President of the TSX Venture Exchange in Montréal from 1999 to 2015. Doyle led business development, listing activities, and chaired the TSX Venture Listing Committee.

He currently holds directorships with Val D'Or Mining Corporation, Prismo Metals Inc., Albatros Acquisition Corporation, and Ni-CO Energy Inc., serving in leadership roles including audit committee chair.

Strategic Shift and Business Transformation

Stria’s move from lithium exploration to a mining royalty and streaming investment issuer marks a major strategic pivot. The Mt Henry royalty acquisition anchors this transition by providing exposure to an advanced gold project with recent positive drilling results, enabling Stria to build a platform for future royalty and streaming investments.

The appointment of Louis Doyle enhances board expertise in capital markets and regulatory navigation, supporting the company’s institutional approach to establishing a professional investment royalty platform.

Forward-Looking Statements and Risks

The announcement includes forward-looking statements concerning acquisition completion, regulatory approvals, business plans, and investment policy implementation. These statements are based on management’s estimates and involve risks that could cause actual outcomes to differ materially.

Risks include mining industry uncertainties, commodity price fluctuations, market and economic conditions, transaction completion challenges, management effectiveness, and equity market volatility. Investors should review risk factors disclosed on SEDAR+ at www.sedarplus.ca and exercise caution, as there is no guarantee the acquisition will be completed.