{"id":21593,"date":"2022-05-19T11:07:06","date_gmt":"2022-05-19T10:07:06","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=21593"},"modified":"2022-05-19T11:07:06","modified_gmt":"2022-05-19T10:07:06","slug":"sustainable-green-development-high-quality-lithium","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/sustainable-green-development-high-quality-lithium\/21593\/","title":{"rendered":"The sustainable and green development of high-quality lithium"},"content":{"rendered":"

Charles FitzRoy, CEO of Bradda Head Lithium Limited<\/a>, details its history and explains why and how it now focuses on the development of high-quality lithium.<\/h2>\n

Headquartered in Arizona, lithium exploration group Bradda Head Lithium Limited focuses on developing high-quality lithium assets across North America. The company\u2019s vision is to create value for shareholders through the acquisition and development of world-class lithium deposits and resources.<\/p>\n

As a structure, the Bradda Head Lithium Group\u2019s subsidiaries hold a 100% stake in lithium brine, pegmatite, and clay projects located in strategic positions in a world-class lithium belt in the US. Some of its key mining projects include brine assets in Nevada, and sedimentary and pegmatite assets in Arizona.<\/p>\n

Bradda Head holds 100% direct equity interests in Zenolith LLC, which holds interests in the Basin, Wikieup, Wilson Salt Flat, San Domingo and Eureka projects.<\/p>\n

Bradda Head is led by a comprehensive team of directors and senior managers located across the globe, with a broad spectrum of expertise in areas from geology to economics. The company believes that the broad collective experience of its leadership team, coupled with the valued advice of consultant experts in the evaluation and exploitation of high-quality lithium projects, will allow Bradda Head to achieve its strategic objective.<\/p>\n

To explore the company\u2019s history and current goals in further detail, The Innovation Platform<\/em> spoke to Charles FitzRoy, CEO of Bradda Head Lithium Limited.<\/p>\n

What is the history behind Bradda Head Lithium?<\/h3>\n

Bradda Head Lithium came to fruition after being known initially as Copper Development Corporation, which was founded in 2009. Copper Development Corporation was planned to engage in the exploration, development, and processing of various minerals, as well as oil, and listed on the AIM stock exchange in 2010.<\/p>\n

Copper Development Corporation disposed of its remaining mining interests in 2015 and announced that it was rebranding to Life Science Developments Ltd., focusing on investing in and acquiring biotechnology and life sciences companies. The company was delisted from the AIM stock exchange in 2017.<\/p>\n

In January 2018, Bradda Head Limited, which at that stage was a wholly owned subsidiary, executed a share purchase agreement and rebranded to Bradda Head Holdings Limited. The company terminated its joint venture with Zenith Minerals Ltd. in February 2021 and retained control of all the high-quality lithium projects in the company\u2019s portfolio.<\/p>\n

The company was listed on the AIM stock exchange in July 2021 as Bradda Head Holdings Limited, where it raised \u00a36.2m with its IPO. The company changed its name to Bradda Head Lithium Limited in September 2021, and concluded with royalty funding at the end of 2021, ending the year with $9.9m in its treasury.<\/p>\n

Why did Bradda Head opt to focus on lithium specifically?<\/h3>\n

In 2017, Bradda Head signed a joint venture (JV) with Zenith Minerals to earn in up to 55% of its lithium assets. The board had the vision in 2017 to focus on high-quality lithium. In early 2021, the agreement was revised and Bradda paid Zenith $250,000 for 100% of the assets, and Zenith would hold 15% at IPO.<\/p>\n

How has the company developed and what are your current key objectives?<\/h3>\n

The significant growth of the company is reflected in the share price listing rise from 5.5p (market cap \u00a316m) in July 2021 to a share price of 16.5p (\u00a352m market cap) as of 10 March 2022.<\/p>\n

The company\u2019s key objectives include:<\/h4>\n