On September 2, 2026, Stria Lithium Inc. announced the completion of its previously announced change of business transaction, including the acquisition of a 1% net smelter return royalty on the Mt Henry Gold Project in Western Australia and the completion of a concurrent C$12 million non-brokered private placement.
Under the investment agreement with Alicanto Minerals Ltd., now Sinclair Gold Ltd., Stria paid A$5 million (approximately C$4.8 million), and issued 4 million common shares to acquire the 1% net smelter return royalty. The company also obtained an option to acquire an additional 1% net smelter return royalty for a further A$10 million (approximately C$9.7 million), subject to the terms of the royalty deed.
Prior to completing the acquisition, Stria completed a concurrent non-brokered private placement for gross proceeds of C$12 million through the issuance of 16 million common shares at a price of C$0.75 per share. In connection with the change of business transaction, the company changed its name to Arc Mineral Royalties Ltd. and transitioned to a mining royalty and streaming business.
A Fasken team led by Frank Mariage and including Siobhan Kaylea Mullan and William Leduc advised Arc Mineral Royalties Ltd. (previously Stria Lithium Inc.) in connection with the transaction.
Jurisdiction
- Québec
