Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) said director Jim Mellon has increased his stake in the business to 18.71% through the purchase of 8mln shares at 4.5p each.
The junior added it had recently completed its San Domingo scout drilling programme where final assay results are pending, while sonic drilling is underway at the Basin Project in Arizona.
The next 6-9 months contain several material catalysts for the company, it added.