Stria Lithium Inc. announced that the Company has signed a letter of intent dated September 23, 2020 with Grafoid Inc. which sets forth the general terms and conditions of a proposed business combination transaction that will result in a reverse takeover of Stria by Grafoid Shareholders. Gary Economo has also resigned as CEO of Stria. Jeffrey York, the Chairman of the Board of Stria Lithium, will act as the interim CEO until the close of the transaction.