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Bradda Head Lithium Limited operated as a lithium exploration company focused on diversified deposit types across the southwestern United States. The company explored pegmatite, sedimentary clay, and brine lithium projects primarily in Arizona and Nevada, positioning itself to potentially address multiple extraction methodologies within the expanding battery metals sector. Through wholly-owned subsidiary Zenolith LLC, Bradda Head controlled interests in the Basin clay lithium project, Wikieup sedimentary project, San Domingo pegmatite project, and brine assets in Nevada.
The company delisted from the United States OTCQB market effective January 2024, followed by delisting from the TSX Venture Exchange in October 2024. These voluntary delistings reflected strategic decisions regarding trading liquidity and listing costs rather than operational developments. Following these actions, Bradda Head's shares continued trading exclusively on the AIM market of the London Stock Exchange under ticker symbol BHL, consolidating public market presence to a single exchange venue.
Bradda Head's project portfolio encompassed all three recognized lithium deposit types: hard rock pegmatite containing spodumene, sedimentary clay deposits formed in ancient lake environments, and lithium-enriched brine deposits in closed basin settings. This diversification across deposit types distinguished the company within the junior lithium exploration sector, as most companies focused on a single deposit type. The Basin sedimentary project advanced to resource estimation stage, while pegmatite and brine projects remained in exploration phases with drilling, sampling, and geological assessment programs.
The company's geographic focus on Arizona and Nevada reflected strategic positioning to serve potential domestic United States lithium demand from expanding electric vehicle manufacturing and battery production capacity. Federal policy initiatives aimed to reduce import dependence for critical minerals including lithium, creating strategic interest in developing domestic sources. However, advancing exploration projects through feasibility assessment, permitting, and construction to commercial production required substantial capital and technical execution that challenged junior exploration companies industry-wide.
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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