Bradda Head's board of directors believes that the Listing will be beneficial to the company and its shareholders in a number of ways, including:
- Bringing the company's lithium project portfolio to the attention of a robust resources market where lithium exploration companies have recently attracted significant investor interest.
- Expanding Bradda Head's potential shareholder base, resulting in increased trading of the company's shares and providing greater liquidity to shareholders.
- Allowing existing Canadian investors the opportunity to reposition securities held in the UK to Canada, should they so desire.
The trading of company shares on the TSX-V will not affect the company's existing ordinary shares trading on the AIM Market of the London Stock Exchange or on the OTCQB Market in North America. No new shares in the company will be issued as part of the Listing.
Charles FitzRoy, CEO of Bradda Head Lithium, commented:
“We are delighted to have completed our TSX-V listing and to welcome North American shareholders, bringing what we believe is a very attractive proposition to a new pool of investors who have a strong understanding of lithium and resource companies.
“This is a really exciting time for Bradda Head and US based lithium companies. We are well funded, and have an extensive 30-hole drilling program underway at our San Domingo pegmatite project in Arizona. We also have extensive programs planned for the remainder of 2022 and 2023 at the Basin project in Arizona; the results of which will go towards hitting our resource base expansion targets as soon as feasible and receiving the second and third payments under our royalty agreement.”