Bradda Head Lithium Ltd Directorate Changes (7060K)
30 8월 2023 - 12:12AM
UK Regulatory
TIDMBHL
RNS Number : 7060K
Bradda Head Lithium Ltd
29 August 2023
29 August 2023
Bradda Head Lithium Ltd.
("Bradda Head", "Bradda", or the "Company")
Directorate Changes
Bradda Head Lithium Limited (AIM:BHL, TSXV:BHLI, OTCQB:BHLIF),
the North America-focused lithium development company, today
announces that it has agreed with Charles FitzRoy that he will
stand down from his role as Chief Executive Officer and Board
Director, with immediate effect.
Mr FitzRoy will retain his share options outlined in the AIM
announcements dated 6 April 2023.
The Chairman of the Board, Mr Ian Stalker, will assume the
interim role of Executive Chairman. A search for a new CEO will
begin immediately.
Mr Stalker, Interim Executive Chairman, commented: "I'd like to
thank Charles for his input and commitment over the last 30 months,
most notably in listing the Company in Summer 2021 where GBP6.2
million was raised, securing a royalty partnership later that same
year, and in raising approximately GBP10 million of fresh
equity-capital in Spring of 2022. On behalf of the Board, I wish
Charles the best for the future. The Board is focused on operations
and delivering results on the ground in America and will look to
appoint an appropriate successor in the near future."
Charles FitzRoy, commented: " I am moving on from Bradda Head
after two and half years where the Company has gone from private to
listed on three exchanges in the UK, US, and Canada. Raised US$24
million for progressing Bradda's US projects, and a further US$8
million was secured via a royalty. The assets have grown in both
size of landholding, knowledge of the geology and also
in-the-ground resources. The last two and half years have been a
very rewarding experience working closely with all members of
Bradda, especially the US on the ground team and I am proud of what
we have achieved. I have enjoyed my time immensely moving our
assets forwards, building relationships within Arizona for the
long-term, and growing the Company. BHL has some fantastic projects
which strategically have little rival. The Company is extremely
well positioned in the US for future success. I look forward to
cheering from the side-lines."
For further information please visit the Company's website:
www.braddaheadltd.com
Contact:
Bradda Head Lithium Limited +44 (0) 1624 639 396
Ian Stalker, Executive Chairman
Denham Eke, Finance Director
Beaumont Cornish (Nomad)
James Biddle/Roland Cornish +44 20 7220 1666
Panmure Gordon (Joint Broker) +44 20 7886 2500
John Prior
Hugh Rich
Shard Capital (Joint Broker) +44 207 186 9927
Damon Heath
Isabella Pierre
Red Cloud (North American Broker) +1 416 803 3562
Joe Fars
Tavistock (PR) + 44 20 7920 3150
Nick Elwes braddahead@tavistock.co.uk
Adam Baynes
Notes to Editors
Bradda Head Lithium Ltd. is a North America-focused lithium
development group. The Company currently has interests in a variety
of projects, the most advanced of which are in Central and Western
Arizona: The Basin Project (Basin East Project, and the Basin West
Project) and the Wikieup Project.
The Basin East Project has an Indicated Mineral Resource of 21.2
Mt at an average grade of 891 ppm Li and 3.5% K for a total of 100
kt LCE and an Inferred Mineral Resource of 73.3 Mt at an average
grade of 694 ppm Li and 3.2% K for a total of 271 kt LCE. In the
rest of the Basin Project SRK has estimated an Exploration Target
of between 300 to 1,300 Mt of material grading between 600 to 850
ppm Li which is equivalent to a range of between 1 to 6 Mt LCE. The
Group intends to continue to develop its three phase one projects
in Arizona, whilst endeavouring to unlock value at its other
prospective pegmatite and brine assets in Arizona, Nevada, and
Pennsylvania. All of Bradda Head's licences are held on a 100%
equity basis and are in close proximity to the required
infrastructure.
Bradda Head is quoted on the AIM of the London Stock Exchange
with the ticker of BHL, on the TSX Ventures exchange with a ticker
of BHLI, and on the US OTCQB market with a ticker of BHLIF.
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END
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