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Bradda Head Lithium Limited ( (GB:BHL) ) has provided an update.
Bradda Head Lithium Ltd announced its audited financial results for the year ending 28 February 2025, highlighting significant operational achievements. The company successfully completed its Basin drill program, resulting in an upgraded Mineral Resource Estimate from 1.0 Mt to 2.81 Mt of Lithium Carbonate Equivalent (LCE), triggering a US$3.0 million royalty payment. Additionally, Bradda Head made progress in its San Domingo pegmatite project, identifying new targets and enhancing existing ones. Despite a challenging lithium market, the company recorded a net profit of US$1,100,162, a significant turnaround from the previous year’s net loss. The company remains optimistic about its strategic positioning to capitalize on the demand for US lithium, supported by favorable government policies and its strategic asset locations.
More about Bradda Head Lithium Limited
Bradda Head Lithium Ltd is a North America-focused lithium development group with interests in various projects, primarily in Central and Western Arizona. The company’s most advanced projects include the Basin Project and the Wikieup Project, focusing on lithium clay, pegmatite, and oil brine assets. Bradda Head is listed on the AIM of the London Stock Exchange under the ticker BHL.
Average Trading Volume: 383,780
Technical Sentiment Signal: Sell
Current Market Cap: £3.71M
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