18th Oct 2022 14:48
Bradda Head Lithium Ltd - North America-focused lithium development company - Shares fall as firm loses claim over a 5.4 square kilometre block at Wikieup South, Arizona. The Bureau of Land Management notified Bradda that mineral rights in the block are owned by a third party and should not have been allowed to be staked by Bradda in July 2021. "The ownership of the company's other sedimentary claims at Wikieup and Basin are unaffected by this," Bradda explains.
Meanwhile, finds up to 1,100 lithium parts per million at Arizona Basin East.
"These further results from Basin East are a significant addition to the existing resource base that we have established at our Basin project," says Chief Executive Officer Charles FitzRoy.
Current stock price: 7.53 pence, down 13% on Tuesday
12-month change: down 1.4%
By Tom Budszus; [email protected]
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