Stria is a new TSX Venture-listed junior exploration company focused on the emerging green energy revolution. The company’s principal asset is the Pontax-Lithium property, located in the James Bay territory of Northern Quebec.
Lithium is considered a key, strategic energy metal in the clean technology economy that is being fuelled by advances in electric vehicles, energy storage and electronics. The U.S. Department of Energy has identified lithium as a critical material whose demand is forecast to grow dramatically in the medium term, with rechargeable lithium batteries leading the way. Demand for lithium carbonate is forecast to exceed global supply by 2025 unless capacity is tripled beginning in 2015 (Source: Critical Materials Strategy – U.S. Department of Energy, 2010).
Along with Li-ion batteries for the electric vehicle (EV) market, lithium is also used in glass products, ceramics, lubricant greases, air conditioners and aluminum production. (Please click here for more information on lithium.). As more lithium shifts to the growing clean tech economy and supplies tighten, demand for lithium carbonate and other specialized lithium-based products is expected to rise, along with prices.