BRADDA HEAD LITHIUM LTD - BHLIF STOCK NEWS

Bradda Head Lithium (AIM:BHL, TSXV:BHLI) has announced positive channel sample results from its San Domingo pegmatite project in Arizona. Highlights include:

- 8.80m @ 0.97% Li2O with 174 ppm Cs at Dragon South
- 10.40m @ 0.68% Li2O with 341 ppm Cs at Dragon South
- 4.80m @ 0.41% Li2O with 336 ppm Cs at Dragon North

The results reveal significant lithium mineralization and elevated cesium levels, which is considered a strategic metal by the DOE. The company has commenced drill hole permitting on the Dragon targets, proposing up to 40 drill sites to test shallow lithium mineralization. Additionally, Bradda Head has announced a repricing of 9,000,000 outstanding share options to £0.017 (CA$0.03) per ordinary share, subject to TSX Venture Exchange and shareholder approval.

Bradda Head Lithium (AIM:BHL)(TSX-V:BHLI) has filed a Technical Report on SEDARplus for the updated Mineral Resource Estimate (MRE) at its Basin Project in Arizona. Key highlights include:

- Total Mineral Resource: 20 million tonnes in Measured category (929ppm Li, 99kt LCE), 122 million tonnes in Indicated category (860ppm Li, 560kt LCE), and 499 million tonnes in Inferred category (810ppm Li, 2,150kt LCE).

- The Upper Clay Unit includes a continuous High-Grade layer with an average grade of 1,190 ppm Li, 15m thick.

- New cut-off grade of 550ppm Li applied to demonstrate reasonable prospects of eventual economic extraction.

- Extensive lateral continuity identified from Basin East through Basin North, with exploration opportunities for growth in Basin North and Basin West.

Bradda Head Lithium (BHLIF) has filed Form 52-109FV2, a Certification of Interim Filings for Venture Issuers. Chief Financial Officer Piotr Schabik certified that he has reviewed the interim financial report and MD&A for the period ended May 31, 2024. He confirms that the filings contain no misrepresentations and fairly present the company's financial condition, performance, and cash flows. This certification, dated July 24, 2024, is a Venture Issuer Basic Certificate, which differs from non-venture issuer certifications by not including representations about disclosure controls and procedures or internal control over financial reporting.

Bradda Head Lithium reported its MD&A for the quarter ended May 31, 2024. The company drilled eight holes in its Basin North lithium project, finding promising results in clay targets and increasing its lithium resource estimate. Post-period, Bradda Head received a $3M payment after surpassing a 2.5MT LCE threshold. Highlights include a significant expansion potential in Arizona projects and promising channel sampling results at the San Domingo Project.

Financially, net loss decreased to $569,408 from $1,084,192. Cash outflows were $1,130,225, with cash reserves at $534,437. The company remains focused on lithium exploration and has no debt, but a working capital deficit of $166,102. Future financing remains critical to advancing exploration projects.

Bradda Head Lithium (BHLIF) has filed Form 52-109FV2, a Venture Issuer Basic Certificate, for the interim period ended May 31, 2024. Executive Chairman Ian Stalker certified that the interim financial report and MD&A have been reviewed and contain no misrepresentations. He affirmed that the filings fairly present the company's financial condition, performance, and cash flows.

The certificate, dated July 24, 2024, does not include representations about disclosure controls and procedures (DC&P) or internal control over financial reporting (ICFR), as typically required for non-venture issuers. This limitation may result in additional risks regarding the quality and timeliness of financial reporting for venture issuers like Bradda Head Lithium.

Bradda Head Lithium (AIM:BHL)(TSXV:BHLI) has released its unaudited financial results for the three months ended 31 May 2024. Key highlights include:

1. Completion of a follow-up drill programme at the Basin North lithium in clay project in Arizona, with eight holes drilled totaling 2,353 meters.

2. Announcement of a new Mineral Resource Estimate (MRE) at the Basin Project, with a total of 2.834 MT of LCE, surpassing the 2.5MT threshold.

3. Receipt of US$3.0 million from Lithium Royalty Company due to exceeding the contracted LCE tonnage threshold.

4. Promising channel sampling results from the San Domingo program, including high-grade lithium oxide findings at White Ridge and Morning Star targets.

Bradda Head Lithium (AIM:BHL, TSX-V:BHLI), a North America-focused lithium development group, announced its participation in a Red Cloud webinar scheduled for June 5, 2024, at 4 pm BST, 11 am ET, and 8 am PT.

This event, hosted by Red Cloud, the Company's North American broker, will feature a presentation from the company's Chairperson, Ian Stalker. The webinar aims to provide insights into Bradda Head's ongoing lithium development activities and future plans.

Interested parties can register for the event via the provided link. The webinar and its presentation will also be accessible on Bradda Head's website post-event.

Bradda Head Lithium, focused on lithium development in North America, has completed an eight-hole drilling program at its Basin Project in Arizona. The anticipated resource expansion could increase from 1.08 MT to a minimum of 2.5 MT of lithium carbonate equivalent, potentially triggering a $3 million royalty payment. The company is also advancing its San Domingo Pegmatite Project, with plans to explore new high-profile targets. Initial visual results from Basin drilling appear promising, with further geochemical results pending. Upcoming programs at San Domingo include follow-up drilling and extensive sampling.

Bradda Head Lithium (AIM:BHL, TSX-V:BHLI) has reached a settlement regarding a fraudulent payment initially reported on March 29, 2022. The settlement involves partial reimbursement, recovering approximately 40% of the total misappropriated funds. No liability is admitted by either party, and the terms are confidential. Bradda Head is now focusing on the Basin Project drilling program, with the latest update provided on April 17, 2024. This announcement contains inside information as per Market Abuse Regulation and is now publicly available.