Bradda Head Lithium Ltd (AIM:BHL, OTC:BHLIF, TSX-V:BHLI), as it reported interim results today, told investors that it is optimistic about the future of lithium and it is positioned to ride the upcoming wave of momentum through its quality and diverse portfolio.
Ian Stalker, Bradda chair, added that market conditions have stabilised and that discussions continue on potential transactions in the US brine sector.
The company remains focused on developing its Arizona assets, including Basin East, Basin West and San Domingo.
In its interim results statement, it highlighted operational progress including acceptance of the amended Exploration Plan of Operation at Basin West and the start of work on the Environmental Assessment required by the Bureau of Land Management. It also completed reconnaissance over new clay exposures at the Wickieup project and advanced studies on its spodumene material.
In terms of financial results, it reported an interim loss of $0.73 million for the six months to 31 August, whilst efforts continued in permitting and exploration work across its Arizona projects.