Stria Lithium poised to capitalize on lithium growth market with competitive technology solutions
December 15, 2014 — In a special InvestorIntel interview, the Editor-in-Chief and Publisher Tracy Weslosky speaks with Julien Davy, President and COO of Stria Lithium Inc. (TSXV: SRA) about how Stria is poised to capitalize on the lithium growth market with their unique processing technologies.
Tracy Weslosky: We are genuinely pleased for you to be here because most of our analysts are calling a bull market on lithium next year. Can you tell our audience a little bit more about Stria Lithium?
Julien Davy: Stria is a non-conventional lithium company. We are a technology mining company because we believe that exploration and mining in lithium is not where we need to be where the demand is, but in the transformation sector. This is where the demand is going to be and this is where we’re going to make a difference.
Tracy Weslosky: Okay. If I understand you correct, Stria Lithium is going to be a processing technology company. Is that correct?
Julien Davy: Exactly. Being in the mining industry is really difficult because there is a lot of very good exploration and mining deposits in North America. Geologically speaking, we are fortunate for this, but there is a lot to do in the transformation and processing aspects of the lithium market. For instance, all of the processes today are dated from the seventies and there is a lot that can be improved upon.
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Tracy Weslosky: What you’re saying is that Stria has some competitive, perhaps revolutionary technologies to take advantage of this bull market. Do I have this correct?
Julien Davy: It’s more that. There is different equipment that is now available and we are able to use a different chemical path. For instance, a lot of different industries are moving from this conventional sulfuric acid processes to the hydrochloric acid processes — and that makes the whole difference.
Tracy Weslosky: I think I read that you just received an award, some kind of fund to develop a pilot plant. Is that correct?
Julien Davy: It’s more to develop the process. It’s a fund from the IRAP, the government of Canada for the development of innovation and green processes.
Tracy Weslosky: Speaking of keen, I think our investors will like this very tight model. You have, what? 17 million shares outstanding approximately?
Julien Davy: Exactly. Just a little bit less than 20 million outstanding. Our goal is to keep as low as possible share on the outstanding, of course.
Tracy Weslosky: Not only does Stria have a very tight model, you’ve been moving aggressively. You’re only a year old. Can you back us up and tell us what’s happened in the last year?
Julien Davy: Stria is a new company part of a wider group of companies that started in 2011. Since that time the management has worked on the strategy and the business plan, how to address the lithium sector and we are listed in December of 2013 — so less than a year…to access the rest of this interview, click here
An accomplished entrepreneur and corporate finance professional, Tracy Weslosky is the CEO for InvestorIntel Corp. and the VP of Business Development for Bellotti Capital Partners ... <Read more about Tracy Weslosky>