Bradda Head Lithium Ltd Announces Directorate Changes

Bradda Head Lithium Ltd Announces 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 £6.2 million was raised, securing a royalty partnership later that same year, and in raising approximately £10 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
Adam Baynes

braddahead@tavistock.co.uk

 

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.

 

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.

 

SOURCE: Bradda Head Lithium Limited

 

View source version on accesswire.com:
https://www.accesswire.com/778149/Bradda-Head-Lithium-Ltd-Announces-Directorate-Changes

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TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)

 
                                                               

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii

A: Voting rights attached to shares

 

Class/type of
shares

 

ISIN code (if possible)

 

Number of voting rights ix

% of voting rights

 

Direct

 

(DTR5.1)

 
 

Indirect

 

(DTR5.2.1)

 
 

Direct

 

(DTR5.1)

 
 

Indirect

 

(DTR5.2.1)

 
VGG154091083

39,739,569

 

10.17%

 
     

SUBTOTAL 8. A

39,739,569

10.17%

 

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

Type of financial instrument

Expiration
date

Exercise/
Conversion Period

 

Number of voting rights that may be acquired if the instrument is

 

exercised/converted.

 

% of voting rights

     
  

SUBTOTAL 8. B 1

  
 

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)

Type of financial instrument

Expiration
date x

Exercise/
Conversion Period

 

Physical or cash

 

Settlement

 

Number of voting rights

% of voting rights

      
   

SUBTOTAL 8.B.2

  
 
          
 
                                       
 

9. Information in relation to the person subject to the notification obligation (please mark the

 

applicable box with an "X")

 

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii

 

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)

X

Name

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% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Electrification and Decarbonization AIE LP

6.03%

 

6.03%

Li Equities Investments LP

4.15%

 

4.15%

Waratah Advisors GP I Limited

0%

N/A

0%

Waratah Capital Advisors Ltd.

0%

N/A

0%

2401261 Ontario Inc.

0%

N/A

0%

 

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

 

11. Additional information

 

Waratah Advisors GP I Limited is the general partner of Electrification and Decarbonization AIE LP and Li Equities Investments LP and has delegated investment management to Waratah Capital Advisors Ltd. ("Waratah"), which is a wholly owned subsidiary of 2401261 Ontario Inc.

 

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This notification is being made pursuant to Regulation 25.3 of the issuer's articles of association and pursuant to DTR5.

 
     
 
    

Place of completion

Toronto, Canada

Date of completion

21/11/2023

 

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.

 

SOURCE: Bradda Head Lithium Limited

 

View source version on accesswire.com:
https://www.accesswire.com/808429/bradda-head-lithium-ltd-announces-holdings-in-company

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