Stria Lithium Acquires Royalty on Mt Henry Gold Project from Alicanto Minerals
Stria Lithium Inc. has entered an investment agreement to acquire a 1% NSR royalty on the Mt Henry Gold Project for A$5 million. This strategic move marks Stria's shift towards a mining royalty business, aiming to build a portfolio of precious metals royalties and capitalize on the mining sector's growth potential.
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On April 8, 2026, Stria Lithium Inc. (TSXV: SRA) executed an investment agreement with Alicanto Minerals Ltd. (ASX: AQI) to acquire a 1% net smelter return (NSR) royalty on the Mt Henry Gold Project in Western Australia for A$5 million.
Stria will also complete a private placement to raise CDN$12 million, with 16 million shares issued at CDN$0.75. Following this acquisition, Stria plans to appoint experienced executives and focus on expanding its royalty portfolio.
The Mt Henry Gold Project has a historical JORC-compliant resource of 822,000 ounces Measured and Indicated and 94,000 ounces Inferred, located in a prime gold jurisdiction. The project is currently advancing through a 50,000-meter drill program aimed at resource growth, with Alicanto targeting extensions to the historical resource. This acquisition positions Stria to leverage the growing demand for gold and capitalize on its experienced management team.
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