Stria Lithium takes over Grafoid in a reverse takeover

Grafoid and Stria Lithium have announced a reverse takeover which will result in Grafoid becoming a wholly-owned subsidiary of Stria Lithium (it is not clear but the agreement could result in the combination of the two enterprises).

Grafoid says that the new enterprise will get a new name, which will be agreed upon soon. The new company's board of directors will consist of 10 directors, out of which 6 will be nominated by Grafoid (which means that Grafoid will actually control the new company).

In 2018 Grafoid and Stria Lithium announced the successful co-development of an innovative graphene-based filtration membrane to separate Magnesium and Calcium from salars.

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