Proposed Listing on TSX Venture Exchange

RNS Number : 2181T

Bradda Head Lithium Ltd

21 July 2022

 

21 July 2022

Bradda Head Lithium Ltd

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

Bradda Head Announces Proposed Listing on TSX Venture Exchange

Bradda Head Lithium Ltd. (AIM:BHL, OTCQB:BHLIF) ("Bradda Head" or the "Company"), the North America-focused lithium development company, is pleased to announce its intention to pursue a dual-listing of its ordinary shares (the "TSX-V Listing") on the TSX Venture Exchange ("TSX-V").

Bradda Head's board of directors believes that a TSX-V 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 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. Having completed a placing earlier in 2022, the Company does not intend to issue new shares and raise additional equity capital as part of the TSX-V Listing.

Charles FitzRoy, CEO of Bradda Head Lithium, commented:

"A TSX-V listing will have significant advantages when combined with our AIM and OTCQB listings. The TSX-V has an investor base with a long history of understanding lithium and resource exploration companies. Given our asset base in Arizona and Nevada, we believe that Bradda will be a very attractive proposition to a new pool of investors on the TSX-V. We look forward to providing further updates as the process progresses.

"Bradda Head is in the early phases of a drill campaign at its pegmatite district in Arizona, and will shortly be expanding its drilling programme at its clay assets, also in Arizona. The growing demand profile in the US for lithium end chemicals, combined with the need and want for low-carbon footprint lithium, makes Bradda Head strategically and uniquely positioned within the U.S. with clay, pegmatite and brine assets.

"A TSX-V listing is the next step for Bradda Head, and we look forward to welcoming further North American and Canadian investors to this exciting and fast-moving Company."

Completion of the TSX-V Listing is subject to the satisfaction of listing requirements and the approval of the TSX-V. There is no assurance that the TSX-V will approve the listing application, or that Bradda Head will be able to complete the TSX-V Listing as contemplated.

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.

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]

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, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the inability to obtain approval of the TSX Venture Exchange for a listing, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in lithium and other commodity prices , delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, 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 lithium or other commodities, capital market conditions, restriction on labour and international travel and supply chains. 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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