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Bradda Head Lithium Limited ( (GB:BHL) ) has provided an update.
Bradda Head Lithium Limited has entered into a short-term loan facility agreement with Galloway Limited, a related party, to secure a US$ 500,000 loan for general working capital. This agreement, which includes a 12% annual interest rate and a one-year term, is considered a Related Party Transaction under AIM Rules due to the involvement of company directors Jim Mellon and Denham Eke. The independent directors have deemed the terms fair and reasonable for shareholders, potentially impacting the company’s financial stability and operational continuity.
More about Bradda Head Lithium Limited
Bradda Head Lithium Ltd. is a North America-focused lithium development group with interests in various projects, primarily in Central and Western Arizona. The company’s most advanced projects include the Basin Project and the San Domingo Project. Bradda Head aims to develop its phase one projects in Arizona and unlock value in its other assets in Arizona, Nevada, and Pennsylvania. All licenses are held on a 100% equity basis, and the company is listed on the AIM of the London Stock Exchange under the ticker BHL.
Average Trading Volume: 434,168
Technical Sentiment Signal: Buy
Current Market Cap: £5.47M
For detailed information about BHL stock, go to TipRanks’ Stock Analysis page.