Concern of choices

Bradda Head Lithium Ltd. (AIM:BHL)(TSXV:BHLI)(OTCQB:BHLIF) (“Bradda Head” or the “Firm”), the North American-focused lithium growth firm, proclaims that it has issued choices, topic approval of the Inventory Choice Plan on the subsequent Shareholders’ Assembly as detailed under, (“Choices”) to sure Administrators and Operational Groups of the Firm (collectively the “Recipients

The Recipients had been issued a complete of 4,800,000 new Choices equal to 1.2% of the share capital issued by the Firm, every at an train worth of 0.06 (or C$ 0.10), equal to a premium of twenty-two % at market shut on Thursday 6 April 2023.

The choices granted are topic to the next situations (and different phrases of the Bradda Head Inventory Choice Plan (the “Plan”)):

• Choices vest instantly upon approval;
• No situations of efficiency or non-performance connected to them;
• they’re exercisable for a interval of 5 years from the date of problem; AND
• The Choices assigned to every participant lapse if the participant is not an worker or related individual remunerated by the Firm.

The administrators and PDMRs included within the award are detailed within the desk under:

The whole variety of Choices of the Firm now stands at 37,831,304, equal to 9.7% of the Firm’s issued share capital.

Granting of the Choices is topic to the approval and necessities of the TSX Enterprise Alternate, in addition to the approval of the Inventory Choice Plan (introduced on December 21, 2022) by a majority of the votes forged by the Firm’s shareholders’ assembly, excluding votes expressed by the shareholders holding Choices. Within the occasion of failure to acquire such approval, the Choices will lapse. No choices could also be exercised till such approval is obtained. It’s anticipated that this approval might be requested on the subsequent annual and extraordinary shareholders’ assembly of the Firm, scheduled for September 2023. Approval of the Plan may even be requested at this assembly.

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About Bradda Head Lithium Ltd.

Bradda Head Lithium Ltd. is a North American targeted lithium growth group. The Firm at present has pursuits in a wide range of tasks, probably the most superior of that are in central and western Arizona: The Basin Venture (Basin East Venture and Basin West Venture) and the Wikieup Venture.

The Basin East challenge has an indicated mineral useful resource of 21.2 Mt at a median grade of 891 ppm Li and three.5% Okay for a complete of 100 kt LCE and an inferred mineral useful resource of 73.3 Mt at a median grade of 694 ppm Li and three.2% Okay for a complete of 271 kt LCE. Within the the rest of the challenge Basin SRK estimated an exploration goal of 300 to 1,300 Mt materials classification of 600 to 850 ppm Li which equates to a variety of 1 to six Mt LCE. The Group intends to proceed to develop its three Part One tasks in Arizona whereas looking for to unlock worth from its different potential pegmatite and brine companies in Arizona, Nevada and Pennsylvania. All Bradda Head licenses are held on a 100% share foundation and are positioned in shut proximity to the required infrastructure.

Bradda Head is listed on the London Inventory Alternate’s AIM below the ticker BHL, on the TSX Ventures alternate below the ticker BHLI and on the US market OTCQB below the ticker BHLIF.

Ahead-Wanting Statements

Neither TSX Enterprise Alternate nor its settlement service supplier (as that time period is outlined in TSX Enterprise Alternate insurance policies) accepts duty for the adequacy or accuracy of this launch. This press launch contains sure “forward-looking statements” that aren’t historic information. Ahead-looking statements embody estimates and statements that describe the Firm’s future plans, objectives, or goals, together with statements that the Firm or administration count on a said situation or final result to happen. Ahead-looking statements will be recognized by phrases resembling “believes,” “anticipates,” “intends,” “expects,” “estimates,” “could,” “might,” “would,” “will,” or “plan.” As a result of forward-looking statements are based mostly on assumptions and relate to future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Whereas these statements are based mostly on info at present accessible to the Firm, the Firm makes no representations that precise outcomes will meet administration’s expectations. Dangers, uncertainties and different components related to forward-looking info might trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking info. The forward-looking info on this press launch contains, however just isn’t restricted to, the next: The Firm’s future goals, objectives, or plans. Components that would trigger precise outcomes to vary materially from such forward-looking info embody, however are usually not restricted to: failure to determine mineral sources; failure to transform estimated mineral sources into reserves; delays in acquiring or failure to acquire crucial regulatory, governmental, environmental or different approvals; political dangers; future capital and working prices, timelines, allow timelines, market worth and future and demand for lithium, and continued means to work cooperatively with stakeholders, together with native authorities ranges; uncertainties concerning the availability and value of funding wanted sooner or later; inventory market modifications, inflation, alternate charge modifications, commodity worth fluctuations; delays in challenge growth, capital and working prices that fluctuate considerably from estimates; the lack to foretell and counter the results of COVID-19 on the Firm’s enterprise, together with, however not restricted to, the results of COVID-19 on the value of uncooked supplies, capital market situations, restrictions on labor and worldwide journey and provide chains; and different dangers concerned within the mining exploration and growth trade and people dangers disclosed within the Firm’s public information filed on SEDAR. Whereas the Firm believes that the assumptions and components utilized in getting ready the forward-looking info on this press launch are affordable, undue reliance shouldn’t be positioned on such info, which applies solely as of the date of this press launch, and no assurance will be on condition that such occasions will happen throughout the timescale communicated or is not going to happen in any respect. The Firm disclaims any intention or obligation to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case, apart from as required by legislation.

This info is supplied by RNS, the London Inventory Alternate’s information service. RNS is accredited by the Monetary Conduct Authority to behave because the UK’s major info supplier. Phrases and situations concerning the use and distribution of this info could apply. For extra info, contact rns@lseg.com or go to www.rns.com.

SOURCE:Bradda Head Lithium Restricted

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