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Share Name Share Symbol Market Type Share ISIN Share Description
Bradda Head Holdings Limited LSE:BHL London Ordinary Share VGG154091083 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -0.66% 7.50 7.30 7.70 7.55 7.20 7.55 1,708,194 15:36:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 22

Bradda Head Holdings Ltd Admission to trading on AIM & First Day of Dealing

19/07/2021 7:00am

UK Regulatory (RNS & others)


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RNS Number : 5843F

Bradda Head Holdings Ltd

19 July 2021

7.00am 19 July 2021

Bradda Head Holdings Ltd

("Bradda Head" or the "Company")

Admission to trading on AIM & First Day of Dealings

Bradda Head Holdings Ltd (AIM:BHL), the North America-focused lithium development group, is delighted to announce that, at 08:00 GMT today, the Company's ordinary shares will be admitted to the AIM market of the London Stock Exchange under the ticker BHL (the "Admission").

The number of ordinary shares in issue immediately after Admission will be 293,062,035, giving the Company a market capitalisation of approximately GBP16.1 million at the issue price of 5.5 pence per share.

Highlights:

-- Successfully raised GBP6.2 million by way of an oversubscribed placing of 112,727,273 ordinary shares with institutional and other investors at a price of 5.5 pence per Ordinary Share.

-- Bradda Head is a new breed of lithium explorer with unique exposure across all three main recognised lithium deposit types with assets located in Nevada and Arizona, ranked #1 and #2 respectively in investment attractiveness as of the 2020 Fraser Institute annual survey of mining companies.

-- The proceeds raised will principally fund a number of phased exploration work programmes for the Group's projects.

   --    Management team with an extensive track record of resource exploration and development. 

For the purposes of the Disclosure Guidance and Transparency Rules, the total number of ordinary shares with voting rights in the Company with effect from 19 July 2021 will be 293,062,035.

This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Investor Presentation

Charlie FitzRoy CEO will provide a live investor presentation via the Investor Meet Company platform on 23 July 2021 at 10am BST. The presentation will cover the progress on the Company's exploration activities on the Burro Creek East Project this year and will also outline anticipated post-drilling activities for the year ahead.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and ask to meet Bradda Head Holdings Ltd via: https://www.investormeetcompany.com/bradda-head-ltd/register-investor

Investors who already follow Bradda Head Holdings Ltd on the Investor Meet Company platform will automatically be invited.

The Company's Admission Document is available to view on the Company's website at www.braddaheadltd.com

Charles FitzRoy, CEO of Bradda Head, commented:

"We are delighted with the response we have we have received from investors, as well as to be bringing Bradda Head to AIM, particularly at a time when lithium exploration is shaping up to be a key component in the global transition to zero-emissions technologies.

"The United States is facing a dramatic shortfall in domestic low carbon footprint lithium supply and Bradda is ideally positioned to supply this growing key market. We have a diverse and exciting portfolio of assets in Arizona, and Nevada, with unique exposure to lithium in sedimentary, pegmatite and brine claims.

"We believe the location of our projects provides Bradda Head an important competitive advantage to supply lithium to end-users in the US, lowering the carbon footprint over imported batteries from China or Europe.

"Bradda Head's IPO on AIM will provide the Company with further capital to accelerate our exploration drilling programmes across our asset base.

"We look forward to welcoming new investors as we progress to the next phase of development of our North American assets."

For further information please visit the Company's website: www.braddaheadltd.com

Contact:

 
 Bradda Head Holdings Limited     +44 (0) 1624 639 396 
 Charlie FitzRoy, CEO 
  Denham Eke, Finance Director 
 
 Beaumont Cornish (Nomad) 
  James Biddle/ Roland Cornish    +44 20 7 628 3396 
 
 Peterhouse (Joint Broker)        +44 207 469 0930 
 Charles Goodfellow 
  Duncan Vasey 
  Lucy Williams 
 
 Shard Capital (Joint Broker)     +44 207 186 9927 
 Isabella Pierre 
 
 Tavistock (PR)                   + 44 20 7920 3150 
 Jos Simson                       braddahead@tavistock.co.uk 
  Nick Elwes 
  Oliver Lamb 
  Adam Baynes 
 

Notes to Editors

Bradda Head Holdings Limited 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 Burro Creek East Project, the Burro Creek West Project and the Wikieup Project.

The Burro Creek East Project in particular has an estimated an Inferred Mineral Resource (JORC) of 42.6 Mt of lithium bearing clays at an average grade of 818 ppm lithium for 185 Kt lithium carbonate equivalent (LCE). The Burro Creek East Project also has additional exploration potential for extensions to the current model of between 20 and 60 Mt grading between 600 and 1,000 ppm Li containing 50,000 to 300,000 tonnes of lithium carbonate equivalent.

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 Bradda Head's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

Bradda Head is listed on the AIM market of the London Stock Exchange with the ticker of BHL.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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