Annual report and consolidated financial statements For the year ended 29 February 2024 BRITISH VIRGIN ISLANDS / ACCESSWIRE / June 27, 2024 Contents Page Management and Administration 3 Chairman's Statement and Operational Review 4 Directors' Report 10 Corporate Governance Statement 12 Audit, Risk and Compliance Committee Report 16 Report of the Remuneration Committee 18 Statement of Directors' Responsibilities 20 Report of the Independent Auditors 21 Consolidated Statement of Comprehensive Income 29 Consolidated Statement of Financial Position 30 Consolidated Statement of Changes in Equity 31 Consolidated Statement of Cash Flows 33 Notes to the Consolidated Financial Statements 34 Management and Administration Directors Ian Stalker - Executive ChairpersonDenham Eke - Finance Director and Company SecretaryJames Mellon - Non-Executive Deputy ChairmanEuan Jenkins -Independent Non-Executive Director Alex Borrelli - Independent Non-Executive Director Secretary Registered Office Denham Eke4 th Floor Viking HouseNelson Street, DouglasIsle of Man IM1 2AH Craigmuir Chambers, Road TownTortola, British Virgin Islands Nominated Advisor Beaumont Cornish Limited Building 3566 Chiswick High RoadLondon W4 5YA Joint UK Broker Shard Capital Partners LLP 23rd Floor20 Fenchurch StLondon EC3M 3BY Panmure Gordon 40 Gracechurch StLondon EC3V 0BT Canadian Broker Red Cloud Securities Inc. 120 Adelaide Street W, Suite 1400Toronto, ON M5H 1T1 Registrar UKComputershare Investor Services (BVI) LimitedWoodbourne HallPO Box 3162 Road Town, TortolaBritish Virgin Islands CanadaComputershare 800, 324 8th Avenue SW CalgaryAB, T2P 2Z2 Auditors PKF Littlejohn LLP15 Westferry CircusLondon E14 4HDUnited Kingdom Legal Advisors As to UK lawHill Dickinson LLPThe Broadgate Tower20 Primrose StreetLondon EC2A 2EW As to USA lawFennemore Law2394 East Camelback RoadSuite 600, PhoenixAZ 85016-3429 Depositary Computershare Investor Services PLCThe PavilionsBridgewater RoadBristol BS13 8AE Chairman's Statement and Operational Review It is my pleasure to present the Annual Report and the Audited Financial Statements for Bradda Head Lithium Limited (the "Company" or "Bradda Head") for the year ended 29 February 2024. The 2023/2024 year has been both exciting and challenging in a tough Lithium Market space.
Form 52-109F1R Certification of refiled annual filings BRITISH VIRGIN ISLANDS / ACCESSWIRE / June 27, 2024 / This certificate is being filed on the same date that Bradda Head Lithium Limited (the "issuer") has refiled its annual financial statements for the year ended February 29, 2024 I, Ian Stalker, Executive Chairman of Bradda Head Lithium Limited certify the following: Review: I have reviewed the AIF, if any, annual financial statements and annual MD&A, including, for greater certainty, all documents and information that are incorporated by reference in the AIF (together, the "annual filings") of the issuer for the financial year ended February 29 2024. No misrepresentations: Based on my knowledge, having exercised reasonable diligence, the annual filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, for the period covered by the annual filings.
Form 52-109F1R Certification of refiled annual filings BRITISH VIRGIN ISLANDS / ACCESSWIRE / June 27, 2024 / This certificate is being filed on the same date that Bradda Head Lithium Limited (the "issuer") has refiled its annual financial statements for the year ended February 29, 2024 I, Piotr Schabik, Chief Financial Officer of Bradda Head Lithium Limited certify the following: 1. Review: I have reviewed the AIF, if any, annual financial statements and annual MD&A, including, for greater certainty, all documents and information that are incorporated by reference in the AIF (together, the "annual filings") of the issuer for the financial year ended February 29 2024.
BRITISH VIRGIN ISLANDS / ACCESSWIRE / June 27, 2024 / Bradda Head Lithium Ltd ("Bradda Head", "Bradda", or the "Company") (AIM:BHL)(TSXV:BHLI), the North America-focused lithium development group, is pleased to announce its audited financial results for the year ending 29 February 2024. Financial and operational highlights Successful completion of the Basin drill programme in August 2023, which preceded an upgraded Mineral Resource Estimate ("MRE") for a total Inferred Lithium Carbonate Equivalent ("LCE") content of 1.0Mt.
Sentiments for lithium stocks are possible the most bearish in the last 24 months. From being a hot sector, the sentiments have changed to fear and investors are unwilling to buy quality lithium stocks even at deeply undervalued levels.
RBC Capital analyst Kaan Peker initiated coverage of Arcadium Lithium stock this morning. Peker sees Arcadium's lithium production volumes more than doubling in three years -- and profits tripling.
Lithium stocks for your watchlist this week.
MONTREAL, QC / ACCESSWIRE / June 26, 2024 / Quebec Precious Metals Corporation ("QPM" or the "Corporation") (TSX.V:QPM)(OTCQB:CJCFF)(FSE:YXEP) is pleased to announce financial assistance up to a maximum of $333,306 from the ministère des Ressources naturelles et des Forêts (MRNF) on its Elmer Est project, in the Northern Quebec Region. This financial support was granted as part of the fourth call for projects of the Mineral Exploration Support Program for Critical and Strategic Minerals (MCS).
Exxon is making moves towards an electric car future by buying lithium-rich land in Arkansas and hiring for lithium positions. This project is massive in scope at 100,000 tons. Arkansas is an ideal location for lithium production due to factors such as high lithium grades, friendly locals, and abundant infrastructure. Exxon's entry into the lithium market is driven by future demand for lithium and the need to impact its bottom line.
With demand for electric vehicles (EVs) decreasing, the original expectation and excitement around the lithium industry have somewhat lessened. Yet, that does not mean that the extraction of elemental lithium is an unworthy economic pursuit.
CleanTech Lithium has submitted expressions of interest (RFIs) to the Chilean government for five lithium projects as part of receiving a Special Lithium Operating Contract (CEOL) to produce the metal. A response from the Chilean government on the RFIs process is expected around 9th July 2024, when it will give more detail on how projects move forward to the award of a CEOL, CleanTech Lithium (CTL) added.
When it comes to commodities these days, the lithium stocks are getting the least attention. Good, I say.