Hill Dickinson, working alongside Harneys, advised Bradda Head Holdings Limited on the deal.
Bradda Head’s shares were admitted to trading on 19 July 2021, with the ticker ‘AIM:BHL’ and a market capitalisation on admission of £16.1 million.
Bradda Head is a lithium exploration company with unique exposure across all three main recognised lithium deposit types; brine, pegmatite and sedimentary. Bradda Head’s assets are located in Nevada and Arizona, ranked #1 and #2 respectively in investment attractiveness as of the 2020 Fraser Institute annual survey of mining companies. In particular, the Company’s projects are located in close proximity to major US based battery manufacturers and have a competitive advantage to supply lithium to end-users in the US, lowering the carbon footprint of the batteries over imported ones from China or Europe. Bradda Head intends to use the proceeds of its placing to fund a number of phased exploration work programmes for the group’s projects.
The Hill Dickinson team was led by partner Michael Corcoran (Picture) and legal director Sam Hudson, with support from associate Amy Grosvenor and paralegals Sanne Gerdsen, Oliver Hart and Rachael Drabble. The Hill Dickinson team was also assisted by Isle of Man firm Long & Humphrey in respect of the transaction and matters of Isle of Man law.
The Harneys team was led by London based Partner Rachel Graham.
Clients: Bradda Head Holdings Limited;