Bradda Head Lithium Limited (GB:BHL) has released an update.
Bradda Head Lithium Ltd. announced positive financial results for the year ending 29 February 2024, with a notable upgrade in their Mineral Resource Estimate to 1.0Mt of Lithium Carbonate Equivalent and a US$2.5 million royalty payment. Despite a net loss, the company maintains strong cash reserves and is optimistic about its strategic US-based lithium assets amid growing electric vehicle demand. Bradda Head has also successfully settled a previous fraudulent payment issue and looks forward to capitalizing on its advantageous asset location.
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