Approval to List on TSX-V

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

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	[phone]
Charlie FitzRoy, CEO Denham Eke, Finance Director
Beaumont Cornish (Nomad) James Biddle/Roland Cornish	[phone]
Peterhouse (Joint Broker)	[phone]
Charles Goodfellow Duncan Vasey Lucy Williams
Shard Capital (Joint Broker)	[phone]
Damon Heath Isabella Pierre
Red Cloud (North American Broker)	[phone]
Joe Fars
Tavistock (PR)	+ 44 20 7920 3150
Nick Elwes Adam Baynes	[e-mail]

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.

 

END

 

 

MSCFLFLALLLTIIF