Strata Power Reports Modest Gains Amid Financial Challenges

Strata Power (SPOWF) has released an update.

Strata Power Corporation, an exploration stage company engaged in the acquisition and development of oil projects in Alberta, reported a net income of $7,357 for the nine months ended September 30, 2024, driven by royalty income but offset by consulting fees. The company faces ongoing financial challenges with an accumulated deficit of over $23 million, raising concerns about its ability to continue operating without additional financing. Strata Power plans to seek further capital to sustain its operations in the coming year.

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