Bladder Head Lithium Limited (AIM:BHL)(TSX-V:BHLI), North America– Group focused on lithium development announces final decision on land swap over unpatented mineral deposit claims wikiup clay projects western arizona As first notified by us March 1, 2023.
This exchange is mutually beneficial to both parties in avoiding litigation and disruption of exploration activities regarding highly prospective clay-based claims. As a result, Bladder Head will hold 66 new claims representing 1,302 acres (5.27 km2) that the company invested in and held in subsidiaries in early 2019. Xenolith (USA) LLC.Bradda then claimed his 55 unpatented mineral deposits. arizona lithium subsidiary, Big Sandy Co., Ltd., according to the terms of this settlement amounting to approximately 1,136 acres (4.60 km2). This transaction is now legally binding pursuant to our announcement. March 1, 2023 (“Regarding the resolution of claim disputes”) arizona lithium'), the exchange of claims was completed by mutual agreement and all legal documents were filed with both the BLM and the respective counties. arizona to solidify the deal.
This last exchange further facilitates Bladder's exposure to a high-quality intraclay lithium target (closer than 1.0 km from). arizona lithium A large-scale sandy clay discovery) further strengthens our portfolio of high-quality projects. The new ground will be explored for opportunities through geological mapping and surface sampling in due course, with priority drilling targets expected to be developed by the end of the year.
Ian StokerThe Executive Committee Chairman commented as follows. arizona lithium and the countless hours spent trying to resolve this issue without litigation and allowing both companies to proceed unimpeded with their respective claim groups. This is a new field with significant uplift potential within a vast lake basin rich in lithium-bearing clay, and Bradda plans to capitalize on the settlement's completion with new surface exploration. ”
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about Bladder Head Lithium Co., Ltd.
Bladder Head Lithium Co., Ltd. is North America-Focused Lithium Development Group.Our company is currently interested in a variety of projects, the most advanced of which are Central and western arizona: basin project (Basin East Projectand the Basin West Project) and that wikiup project.
Basin East Project Average grade 940 ppm lithium and 3.4% K, totaling 85,000 tonnes LCE with an indicated mineral resource of 17 tonnes and an inferred mineral resource of 210 Mountain Average grade is 900 ppm Li and 2.8% K (potassium) for a total of 1.09 Mt LCE. For the remainder of the basin project, SRK has identified 250 exploration targets. 830 Mountain This corresponds to a range of materials graded between 750 and 900 ppm Li. 1～4Mt It included LCE. The Group will continue to develop three Phase 1 projects. arizonaMeanwhile, we are working to unlock the value of other promising pegmatite and brine assets. arizona, nevadaand pennsylvania. All Bradda Head licenses are held on a 100% equity basis and are located close to the necessary infrastructure. Bradda Head's AIM is cited. london stock exchange BHL ticker and TSX Venture Exchange Comes with BHLI ticker.
Forward-looking statements
Forward-looking statements include estimates and statements that describe our future plans, objectives or goals, including statements that we or our management expect the stated circumstances or results to occur. Forward-looking statements include “believes”, “anticipates”, “intends”, “expects”, “estimates”, “may”, “could”, “will”, It may be identified by terms such as “will,” or “.” plan'. Forward-looking statements are based on assumptions and address future events or conditions and, by their nature, involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors associated with forward-looking information may cause actual events, results, performance, prospects and opportunities to differ from those expressed or implied by such forward-looking information. It can vary greatly. Forward-looking information in this news release includes, but is not limited to: our objectives, goals or future plans; Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: Failure to identify mineral resources. Estimated mineral resources could not be converted into reserves. delays in obtaining, or failure to obtain, necessary regulatory, governmental, environmental or other project approvals; political risk. future operating and capital costs, timelines, permitting schedules, markets and future prices and demand for lithium, and our continued ability to work with stakeholders, including local-level governments; uncertainties regarding the availability and cost of future financing needs; stock market changes, inflation, exchange rate changes, and commodity price fluctuations. delays in project development and significant fluctuations in capital and operating costs from estimates; our inability to predict and counter the impact of COVID-19 on our business; This includes, but is not limited to, the impact of COVID-19 on commodity prices, capital market conditions, workforce, international travel and supply chains. and other risks associated with the mineral exploration and development industry and those described in the Company's public documents filed on SEDARplus. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information; Applies only as of the date of and cannot be guaranteed. Assume that such event does not occur within the disclosed time frame or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. .
BEAUMONT CORNISH LIMITED. (“Beaumont Cornish”) is our appointed advisor and is authorized and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Appointed Adviser, including its responsibility to advise and guide the Company regarding its responsibilities under the Corporate AIM Regulations and the Appointed Adviser AIM Regulations, are solely to: london stock exchange. Beaumont Cornish does not require any other person to provide the protection afforded to Beaumont Cornish's customers or to advise customers in connection with the proposed arrangements described in this announcement or the matters referred to therein. It does not represent or assume any responsibility for.
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