Bradda Head to receive up to US$8M in royalty financing and US$2M in private placement
Date Closed
December 22, 2021
Lead Office
Vancouver
Value
10.00 Million USD
On December 22, 2021, Bradda Head Lithium Ltd. completed a royalty financing with Lithium Royalty Corporation who will pay up to US$8 million to Bradda Head for a 2.0% gross overriding royalty over its sedimentary lithium claims in Arizona. Concurrently with the royalty financing, Bradda Head completed a US$2 million private placement with Lithium Royalty Corporation for 19,481,475 common shares of Bradda Head.
Bradda Head Lithium is a lithium exploration group focused on developing its high quality projects in the USA. Through its subsidiaries, the group holds a 100% stake in lithium brine, pegmatite and clay projects located in strategic positions in a world class lithium belt in the USA.
McCarthy Tétrault LLP assisted Bradda Head Lithium with a team led by Roger Taplin that included Robert Brant and Patrick Deutscher (Business Law).
