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. Additionally, Stria also announced the resignations of Gary Economo and Lindsay Weatherdon from its board of directors effective September 24, 2020. Gary Economo has also resigned as President of Stria. Jeffrey York, the Chairman of the Board of Stria Lithium, will act as the President until the close of the transaction.