leadf
logo-loader
viewBradda Head Lithium Ltd
(
AIM:BHL
)

Bradda Head makes AIM return under new guise to develop portfolio of lithium assets

It owns 100% of lithium assets that were originally the subject of a joint venture with ASX listed Zenith Minerals Limited following a restructuring in the first quarter of 2021

Copper Development Corporation -

Bradda Head Holdings Limited, a lithium focused exploration company, said it is raising £6.2mln as part of its AIM flotation. 

The company, previously AIM-listed Life Science Developments Limited, and before that Copper Development Corporation, expects to have a market capitalisation on admission of £16.1mln based on the issue price of 5.5p.

Led by chairman Ian Stalker and chief executive Charles FitzRoy, it has been established to develop a portfolio of USA-based lithium projects.

It owns 100% of lithium assets that were originally the subject of a joint venture with ASX listed Zenith Minerals Limited following a restructuring in the first quarter of 2021, with the assets held via two wholly owned US-based subsidiaries.

Its seven assets are made up of three sedimentary lithium assets (Wikieup, Burro Creek East, and Burro Creek West); one pegmatite asset (San Domingo); and 3 brine assets (Wilson, Spencer and the Pennsylvania brines). 

Since 2018, Bradda Head said it has raised approximately US$4mln for its current business and currently has cash of roughly US$0.4mln, with the balance of funds deployed in developing the lithium assets.

Quick facts: Bradda Head Lithium Ltd

Follow
AIM:BHL

Price: 8 GBX

Market Cap: £23.44 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Bradda Head present drilling results from its Burro Creek East lithium...

Bradda Head Holdings Limited's chief executive Charles FitzRoy joins Proactive London to talk through their positive drilling results from its Burro Creek East lithium project in Arizona.  Assay results from the first twinned holes (BCE21-01 and BCE21-02) at the Burro Creek East deposit show...

on 25/8/21

2 min read