BRITISH VIRGIN ISLANDS / ACCESSWIRE / January 27, 2023 / Bradda Head Lithium Ltd. (AIM:BHL)(TSXV:BHLI)(OTCQB:BHLIF) ('Bradda Head' or the 'Company'), the North America-focused lithium development company, is pleased to announce that it has engaged Red Cloud Securities Inc ('Red Cloud') to provide market-making services as well as Dig Media Inc. dba Investing News Network ('INN') who will undertake an advertising and investor awareness campaign on behalf of the Company.
As required under the TSX-V Policy 3.4, the following disclosures are being made:
Red Cloud currently acts as the Company's Canadian broker.
Services to be provided under the market maker agreement include:
- Supply of liquidity for the Company's shares traded on the TSX-V;
- Use best efforts to maintain a reasonable and consistent bid and offer spread for the Company's shares traded on the TSX-V; and
- Use best efforts to maintain a reasonable board lot size for the bid and the offer for the Company's shares traded on the TSX-V.
The agreement is for a period of 1 year, commencing on 1 January 2023, at a monthly fee of CA$5,000.
INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007 at www.investingnews.com.
Services to be provided under the agreement with INN include:
- Building investor awareness of Bradda Head in the North America marketplace
- Undertaking an advertising campaign in Canada targeted at raising investor awarenes
INN currently holds no securities in Bradda Head.
The agreement is for a 12-month period and the cost of the campaign will be is CA$57,600, payable in quarterly instalments.
Charles FitzRoy, CEO of Bradda Head, commented:
'Bradda Head listed on the TSX-V in November 2022. We are aware of the need and are very keen to get the Bradda story out to North American investors. Red Cloud, as a North-American-focussed market maker, and INN, given their expertise and outreach, will help with increasing the Company's liquidity and presence in the North American market.
'Bradda Head is a well-funded lithium explorer with a diverse portfolio of lithium assets across pegmatite, brine and clay with programmes already underway on all our assets. We are targeting significant resource growth at the Basin project, our lithium in clay asset in Arizona. At San Domingo, our pegmatite project also in Arizona, results from the first pass drill programme are expected shortly whilst we also plan to test our brine assets in Nevada this year in between drilling at our clays and pegmatites.
'We look forward to providing updates on all our assets as the programmes progress on what we believe promises to be another very significant year for the Company.'
For further information, please contact:
About Bradda Head Lithium Ltd.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain 'forward-looking statements' which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, following: The Company's objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; delays in obtaining or failures to obtain required regulatory, governmental, environmental or other project approvals; political risks; future operating and capital costs, timelines, permit timelines, the market and future price of and demand for lithium, and the ongoing ability to work cooperatively with stakeholders, including the local levels of government; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices; delays in the development of projects, capital and operating costs varying significantly from estimates; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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SOURCE: Bradda Head Lithium Limited
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