Bradda Head Lithium raises £1.96mln in oversubscribed UK placing
The company previously raised about £7.92mln before expenses from a North American placing
Company
Bradda Head Lithium Ltd
LON: BHL
Bradda Head Lithium is a new breed of lithium explorer with unique exposure across all three main recognised lithium deposit types; brine, hard rock (or pegmatite) and sedimentary (or clay). The company has projects in the USA and all projects are 100% owned, located in close proximity to infrastructure and end users.
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Bradda Head Lithium raises £7.92mln in placing to help advance projects in Arizona and Nevada
It also plans to raise up to about £1.98mln via a placing in the UK
Bradda Head ups Basin East lithium resource by 65%
"That's an increase of 120,000 of LCE over a drilled area increase of 0.2sq km".
Bradda Head set to start drilling at Eureka in Nevada
"We are now moving to the next phase of exploration at Eureka, to test the potential for a clay project as well as brine," said Bradda CEO Charles FitzRoy
Bradda Head progress with drilling at Wikieup lithium project keeps resource update on track for second quarter
Bradda Head has extensive lithium licences across the south-western United States
Bradda Head Lithium boosted by 'incredibly encouraging' assays in Arizona
It opens up an opportunity to target higher grades and potentially define larger resources, the company highlighted
Bradda Head likely to boost US lithium resources in the near term, as work continues across broad portfolio of hard rock, clay, and brine deposits
The lithium price remains strong, and Bradda Head looks well positioned to benefit
Bradda Head showcases positive geophysics results at Eureka lithium project
Bradda Head has a broad portfolio of lithium assets in the USA
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Bradda Head says metallurgy test at Burro Creek 'encouraging'
Bradda Head is targeting extraction costs of less than US$4,000/t
Bradda Head exercises option to buy 100% interest in Burro Creek
Bradda Head has an extensive portfolio of lithium exploration assets
Bradda Head signs off on LRC royalty deal
"The importance of this investment cannot be understated for Bradda Head and will allow us to develop our sedimentary claims," Charles FitzRoy, Bradda Head’s chief executive, said
Bradda Head says exploration drilling started at its Wikieup lithium project
Surface samples with grades of up to 1,750 parts per million lithium have been identified at Wikieup
Bradda Head Lithium in a strong financial position to develop existing projects, sees a busy second half
It noted that demand for US-based lithium production is forecast to increase 7,000% by 2030 from the current level
Bradda Head Lithium reports best results so far from Burro Creek East project
The 2021 drilling programme at Burro Creek was completed on November 8
Bradda Head Lithium completes core drilling programme at Burro Creek East project
It expects an updated resource calculation due in the first quarter of 2022 to be significantly larger than the current JORC inferred estimate
Bradda Head enters conditional royalty agreement with Lithium Royalty
The agreement is subject to satisfactory due diligence and a site visit from LRC
Bradda Head Lithium gets conditional permission to start drilling at Wikieup project
Drilling is expected to start in the fourth quarter
Bradda Head highlights positive results from geophysics at San Domingo, with drilling planned next year
If a viable pegmatite is identified, the company could get into production relatively quickly