(NewsDirect)
Bradda Head Lithium Limited (AIM:BHL,OTCQB:BHLIF, TSX-V:BHLI) executive chairman Ian Stalker speaks toThomas Warner from Proactive London following the conclusion of theexploration company's annual general meeting.
Stalker says that despite challengingfinancial conditions, the AGM was well attended and characterised bystrong support for all resolutions, reflecting a high level ofconfidence in the management. Focusing on survival and efficientspending, the company has streamlined operations and reducedoverheads, ensuring the longevity of its financial resources.
Stalker goes on to discuss some impressiverecent metallurgical test results from the company's San Domingoproject in Arizona. He suggests that the project is particularlynoteworthy, given the increasing demand for domestic lithiumproduction in the U.S. for electric vehicle batteries.
BraddaHead's Basin Project is also discussed, and Stalker says thecompany is currently holding 1 million tonnes of lithium carbonateequivalent. The goal is to increase this to 2.5 million tonnes, with aprospective additional funding of $3 million from a lithium royaltyagreement. This expansion aligns with the company's strategy toenhance shareholder value without needing additional capital atdepressed market prices. Stalker also suggests that he fully intendsto step aside once Bradda Head has completed its search for a newCEO.
Contact Details
Proactive UK Ltd
+4420 7989 0813
Copyright (c) 2023 TheNewswire - All rights reserved.