London Stock Exchange welcomes Bradda Head Holdings Ltd to AIM
London Stock Exchange welcomes Bradda Head Holdings Ltd (‘Bradda Head’), the North American-focused lithium developer, to AIM under the ticker ‘BHL’. The Company will be trading its common shares and has a market capitalisation of approximately £16.1 million at admission. This is Bradda Head’s primary listing.
Bradda Head is a new breed of lithium explorer with unique exposure across all three main recognised lithium deposit types; brine, pegmatite and sedimentary, and with assets in Nevada and Arizona. The Company believes that the AIM listing will provide access to more European investors, offer additional liquidity for the Company’s current and future shareholders and broaden the marketing of its shares. The proceeds raised during The Company’s IPO will principally fund a number of phased exploration work programmes for the Group’s projects.
The favourable mining jurisdiction of Nevada and Arizona (#1 and #2 respectively in investment attractiveness as of the 2020 Fraser Institute annual mining survey), and the Bradda Head management team’s extensive track record of resource exploration and development, give The Company a competitive advantage to supply lithium end-users in the US.
Charles FitzRoy, CEO of Bradda Head, commented: “We are delighted 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 believe that the location of our projects provides Bradda Head an important competitive advantage to supply lithium to end-users, but which also represents a promising opportunity for current and future investors.
"We look forward to welcoming new investors as we progress to the next phase of development of our North American assets."
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 Holdings Limited - +44 (0) 1624 639 396
Charlie FitzRoy, CEO
Denham Eke, Finance Director
Beaumont Cornish (Nomad) - +44 20 7628 3396
James Biddle / Roman Cornish
Peterhouse - Joint Broker) - +44 207 469 0930
Shard Capital (Joint Broker) - +44 207 186 9927
Tavistock (PR) - + 44 20 7920 3150 - firstname.lastname@example.org