Bradda Head Lithium - Approval to List on TSX-V

Bradda Head Lithium

09/11/2022 07:00

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RNS Number : 7493F  Bradda Head Lithium Ltd  09 November 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS
SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

 

09 November 2022

 

Bradda Head Lithium Ltd

("Bradda Head", "Bradda", "BHL" or the "Company")

 

Approval to List on TSX-V

 

Bradda Head Lithium Ltd. (AIM:BHL, OTCQB:BHLIF) ("Bradda Head" or the
"Company"), the North America-focused lithium development company, is
delighted to announce that it has received approval to list on the TSX-V
Exchange (the "Listing").  Trading will be effective from market open on the
10(th) November 2022 under the ticker BHLI.

 

Bradda Head's board of directors believes that the Listing will be beneficial
to the Company and its shareholders in a number of ways, including:

 

·   bringing the Company's lithium project portfolio to the attention of a
robust resources market where lithium exploration companies have recently
attracted significant investor interest;

 

·    expanding Bradda Head's potential shareholder base, resulting in
increased trading of the Company's shares and providing greater liquidity to
shareholders; and

 

·    allowing existing Canadian investors the opportunity to reposition
securities held in the UK to Canada, should they so desire.

 

The trading of Company shares on the TSX-V will not affect the Company's
existing ordinary shares trading on the AIM Market of the London Stock
Exchange or on the OTCQB Market in North America. No new shares in the Company
will be issued as part of the Listing.

 

 

Charles FitzRoy, CEO of Bradda Head Lithium, commented:

 

"We are delighted to have completed our TSX-V listing and to welcoming North
American shareholders, bringing what we believe is a very attractive
proposition to a new pool of investors who have a strong understanding of
lithium and resource companies.

 

"This is a really exciting time for Bradda Head and US based lithium
companies.  We are well funded, and have an extensive 30-hole drilling
programme underway at our San Domingo pegmatite project in Arizona. We also
have extensive programmes planned for the remainder of 2022 and 2023 at the
Basin project in Arizona; the results of which will go towards hitting our
resource base expansion targets as soon as feasible and receiving the second
and third payments under our royalty agreement.

 

"We look forward to providing further updates to all our investors as our
operations progress."

 

 

For further information please visit the Company's website:
www.braddaheadltd.com (http://www.braddaheadltd.com)

Qualified Person

The geological information contained in this news release has been verified
and approved by Jim Guilinger, COO Bradda Head Lithium. Mr. Guilinger is a
Qualified Person as defined by National Instrument 43-101, Standards of
Disclosure for Mineral Projects of the Canadian Securities Administrators.

 

ENDS

 

 

For further information, please contact:

 

 Bradda Head Lithium Limited        +44 (0) 1624 639 396
 Charlie FitzRoy, CEO

 Denham Eke, Finance Director

 Beaumont Cornish (Nomad)           +44 20 7220 1666

 James Biddle/Roland Cornish

 Peterhouse (Joint Broker)          +44 207 469 0930
 Charles Goodfellow

 Duncan Vasey

 Lucy Williams

 Shard Capital (Joint Broker)       +44 207 186 9927
 Damon Heath

 Isabella Pierre

 Red Cloud (North American Broker)  +1 416 803 3562
 Joe Fars

 Tavistock (PR)                     + 44 20 7920 3150
 Nick Elwes                         braddahead@tavistock.co.uk

 Adam Baynes

 

 

About Bradda Head Lithium Ltd.

 

Bradda Head Lithium Ltd. is a North America-focused lithium development group.
The Company currently has interests in a variety of projects, the most
advanced of which are in Central and Western Arizona: The Basin Project (Basin
East Project, and the Basin West Project) and the Wikieup Project.

The Basin East Project has an Indicated Mineral Resource of 17.6Mt at an
average grade of 912ppm Li and 3.4%K for a total of 86kt LCE and an Inferred
Mineral Resource of 57.6Mt at an average grade of 717ppm Li and 3.3%K for a
total of 220kt LCE. In the rest of the Basin Project SRK has estimated an
Exploration Target of between 300 and 1,300Mt of material grading between 600
and 850ppm Li which is equivalent to a range of between 1 and 6Mt LCE.

The Group intends to continue to develop its three phase one projects in
Arizona, whilst endeavouring to unlock value at its other prospective
pegmatite and brine assets in Arizona, Nevada, and Pennsylvania. All of Bradda
Head's licences are held on a 100% equity basis and are in close proximity to
the required infrastructure.

Bradda Head is quoted on the AIM of the London Stock Exchange with the ticker
of BHL and on the US OTCQB market with a ticker of BHLIF.

 

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.  This News
Release includes certain "forward-looking statements" which are not comprised
of historical facts.  Forward-looking statements include estimates and
statements that describe the Company's future plans, objectives or goals,
including words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements may be identified by
such terms as "believes", "anticipates", "expects", "estimates", "may",
"could", "would", "will", or "plan". Since forward-looking statements are
based on assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although these
statements are based on information currently available to the Company, the
Company provides no assurance that actual results will meet management's
expectations.  Risks, uncertainties and other factors involved with
forward-looking information could cause actual events, results, performance,
prospects and opportunities to differ materially from those expressed or
implied by such forward-looking information. Forward looking information in
this news release includes, but is not limited to, following:  the intention
to complete the Listing, the receipt of all required regulatory approvals for
the Listing, and the Company's objectives, goals or future plans. Factors that
could cause actual results to differ materially from such forward-looking
information include, but are not limited to: the ability to compete the
Listing on the basis as announced herein or at all; failure to identify
mineral resources; failure to convert estimated mineral resources to reserves;
delays in obtaining or failures to obtain required regulatory, governmental,
environmental or other project approvals; political risks; future operating
and capital costs, timelines, permit timelines, the market and future price of
and demand for lithium, and the ongoing ability to work cooperatively with
stakeholders, including the local levels of government; uncertainties relating
to the availability and costs of financing needed in the future; changes in
equity markets, inflation, changes in exchange rates, fluctuations in
commodity prices; delays in the development of projects, capital and operating
costs varying significantly from estimates; an inability to predict and
counteract the effects of COVID-19 on the business of the Company, including
but not limited to the effects of COVID-19 on the price of commodities,
capital market conditions, restriction on labour and international travel and
supply chains; and the other risks involved in the mineral exploration and
development industry, and those risks set out in the Company's public
documents filed on SEDAR. Although the Company believes that the assumptions
and factors used in preparing the forward-looking information in this news
release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed time
frames or at all. The Company disclaims any intention or obligation to update
or revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by law.

 

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