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Bradda Head Lithium Ltd (AIM:BHL), in its annual results statement, highlighted that a £2.28 million post-year-end fundraise has strengthened its balance sheet as it accelerates drilling at its Whistlejacket and San Domingo lithium projects in Arizona. The North America-focused developer ended February with US$870,221 in cash, compared with US$1.09 million a year earlier, and recorded a US$2.92 million net loss versus a US$1.10 million profit previously.
Bradda Head Lithium Ltd (AIM:BHL) told investors it has started drilling at its Whistlejacket lithium project in Arizona as it works towards establishing a maiden mineral resource estimate. The infill exploration programme will test and expand priority lithium-bearing pegmatite targets, drawing on historical drilling alongside Bradda Head's geological mapping, surface sampling and recent high-grade assay results.
Bradda Head Lithium Ltd (AIM:BHL) has agreed to let a solar developer build a commercial power facility on part of its Pennsylvania brine lease while retaining its underlying mineral rights. The AIM-listed, North America-focused lithium developer said its wholly owned US subsidiary, Zenolith (USA), had signed an accommodation agreement with PA Land Acquisitions, which trades as SunShare.
Bradda Head Lithium Ltd (AIM:BHL) said surface assays grading up to 4.24% lithium oxide have strengthened targets for its planned 2026 drilling programme at the Whistlejacket project in Arizona. Of the 190 rock samples analysed, 29, or 15.3%, returned grades above 0.50% Li₂O.
Bradda Head Lithium Ltd (AIM:BHL) has secured a drilling contractor for its 2026 Whistlejacket exploration campaign in Arizona, targeting the data needed to support a maiden mineral resource estimate by the end of 2027. The rig is expected to mobilise by the end of July and begin a programme of up to 20 diamond holes totalling around 3,658 metres.
Bradda Head Lithium Ltd (AIM:BHL) believes its Whistlejacket project in Arizona could be a major value driver as the company moves towards drilling and a maiden resource estimate. Executive chairman Ian Stalker told Proactive that recent analyst coverage points to a significant disconnect between the company's market valuation and the potential of its lithium assets.
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