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About Bradda Head Lithium Ltd (BHLIF)
Bradda Head Lithium Ltd (BHLIF) is a North America-focused lithium exploration and development company committed to meeting the growing global demand for lithium, a critical component in electric vehicle (EV) batteries and renewable energy storage solutions. Headquartered in the British Virgin Islands, the company operates a diversified portfolio of lithium projects strategically located in the United States, with a primary focus on Arizona. These projects include sedimentary lithium clay deposits, pegmatite resources, and lithium brine assets, positioning Bradda Head as a key player in the U.S. lithium supply chain.
Core Projects and Strategic Focus
Bradda Head’s flagship projects are the Basin Project and the San Domingo Pegmatite Project, both located in Arizona:
- Basin Project: This project includes the Basin East, Basin North, and Basin West targets, which contain significant lithium clay resources. Recent drilling campaigns have expanded the company’s Mineral Resource Estimate (MRE) to over 2.8 million tonnes of lithium carbonate equivalent (LCE), triggering a $3 million royalty payment from Lithium Royalty Company. The Basin Project benefits from proximity to infrastructure and demonstrates strong potential for further resource expansion.
- San Domingo Project: Focused on lithium-rich pegmatites, this project has shown promising results from surface sampling and drilling, with high lithium oxide (Li2O) grades and elevated levels of cesium, tantalum, and other critical metals. These findings highlight the project's potential for open-pit mining and its contribution to the U.S. critical minerals strategy.
In addition to its Arizona assets, Bradda Head holds lithium brine and oil brine projects in Nevada, Pennsylvania, and Texas, further diversifying its portfolio.
Market Significance and Competitive Position
Bradda Head operates in a high-growth industry driven by the global transition to clean energy and the rapid adoption of EVs. The company’s focus on sedimentary lithium clay deposits differentiates it from competitors, as these resources are often more cost-effective and sustainable to extract compared to hard rock or traditional brine deposits. By leveraging its strategic U.S. location, Bradda Head aligns with government initiatives to secure domestic lithium supplies, reducing reliance on imports and supporting the development of a robust EV supply chain.
Commitment to Sustainability
Bradda Head is committed to responsible and sustainable resource development. The company adheres to environmental regulations and employs advanced drilling techniques to minimize its ecological footprint. Its projects are designed to support long-term economic growth while addressing the environmental challenges associated with lithium extraction.
Growth Potential
The company’s ongoing exploration and drilling programs aim to significantly expand its resource base, unlocking additional value for shareholders. With a clear strategy to advance its projects through phased development, Bradda Head is well-positioned to capitalize on the rising demand for lithium.
Conclusion
Bradda Head Lithium Ltd (BHLIF) represents a compelling opportunity in the lithium sector, combining strategic U.S.-based assets, a focus on innovative resource development, and alignment with global clean energy trends. As the company continues to expand its resource estimates and advance its projects, it plays a vital role in the transition to a sustainable energy future.
Bradda Head Lithium Ltd. has appointed Panmure Gordon (UK) Limited as Joint Broker, effective immediately. This decision is poised to enhance the company's operational capabilities in the lithium sector, as expressed by CEO Charles FitzRoy, who emphasized the broker's extensive mining expertise. Bradda Head is focused on developing lithium projects in North America, particularly in Arizona, where significant resources have already been identified. The company's most advanced projects include the Basin Project and the Wikieup Project, which hold substantial mineral resources and exploration targets. The announcement also highlights the company's commitment to unlocking value in its various lithium assets, supported by its 100% equity ownership in all licenses.
Bradda Head Lithium Limited disclosed that Galloway Limited, controlled by director Jim Mellon, acquired an additional 8,000,000 shares on April 13, 2023. This purchase at 4.5 pence per share (totaling £360,000 or C$600,000) increased its aggregate ownership from 65,221,311 shares (16.70%) to 73,221,311 shares (18.75%) of the company's total shares. The acquisition reflects an increase of approximately 2.05% in total ownership. The shares were purchased for investment purposes, with potential plans for further acquisitions or dispositions by the acquiror.
Galloway Limited announced the acquisition of 8,000,000 ordinary shares in Bradda Head Lithium Ltd. on April 13, 2023, at 4.5 pence per share (C$0.075). This purchase increases Galloway's ownership from 16.70% to 18.75% of the total issued shares, a rise of approximately 2.05%. Prior to the acquisition, Galloway, along with joint actors Burnbrae Group Limited, Jim Mellon, and Denham Eke, held a total of 65,221,311 shares. The shares were acquired for investment purposes, and Galloway may continue to buy or sell shares in the future. For further details, an early warning report will be filed under National Instrument 62-103 on the Company's SEDAR profile.
Bradda Head Lithium Ltd. (BHLIF) announced on April 14, 2023, that Jim Mellon, a director of the company, purchased 8,000,000 shares at 4.5 pence each. Following this transaction, he holds a total of 73,097,004 shares, representing 18.71% of the company's ordinary share capital. The company is progressing its lithium pegmatite projects, with a recent drilling program at the San Domingo site and ongoing sonic drilling at the Basin Project in Arizona. Significant developments are expected in the next 6 to 9 months. Bradda Head aims to enhance its existing NI 43-101 compliant lithium resource, currently 21.2 million tonnes at an average grade of 891 ppm Li.
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